09-Dec-2016 written by : FSI-Team
Credit reporting has been shrouded in a lot of mystery and it has given birth to many myths. Credit score is riddled with misconceptions and we hope to bust a few of them here. Since there is lack of knowledge about it people stay away from transacting using credit facilities. To bring transparency in the credit market and encourage use of digital money such as credit cards, it is important to bust these myths. So here we weed out those stories that have no place in the credit world.