Finance
EnglishMissed EMI? Act Fast to Save Your Credit Score!
Missing a home loan EMI can feel like a rollercoaster! But don’t just sit there—act quickly! After 30 days, your credit report gets a big red flag, and your score could plummet by up to 100 points! Chat with your lender right away to dodge those pesky penalties and maybe even save some cash.
few days ago | Amit Kumar
Quick rundown
1.A single missed EMI can significantly impact your credit score.
2.Delays over 30 days are reported to credit bureaus like Cibil and Experian.
3.Proactive communication with lenders can mitigate credit damage.
4.Banks charge penal interest and late fees on overdue EMIs.
5.Repeated inaction on EMIs can lead to serious credit consequences.
