INCOME TAX10 Sept 2026
Beyond the CIBIL score: Why retail borrowers are paying for credit-health advice | Mint
A growing market of paid credit-health services has opened up, because free credit reports only show raw data, not a fix. Platforms like BankBazaar, GoodScore and OneScore charge about ₹99 a month to explain why your score dropped and what to do. First-time borrowers, often from smaller towns, benefit most. Pull your free yearly report first.
Key Statutory Highlights
- You are entitled to one free full credit report from each of India's four credit bureaus every calendar year, but it gives only raw data and no advice.
- Paid plans from BankBazaar, GoodScore and OneScore cost roughly ₹99 a month and set out a step-by-step plan, including which debt to clear first.
- The RBI has flagged rising stress among borrowers juggling unsecured loans from multiple lenders, and rising delinquencies in small-ticket fintech loans.
Actionable Advice for Taxpayers / Founders:Get your free annual credit report from each bureau and read it carefully; if your score has slipped, you may want to compare a paid credit-health plan before subscribing.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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