{"id":14413,"date":"2025-09-21T10:24:30","date_gmt":"2025-09-21T10:24:30","guid":{"rendered":"http:\/\/tezgyan.com\/index.php\/2025\/09\/21\/half-of-indians-have-never-checked-their-credit-score-finds-study-banking-and-finance-news\/"},"modified":"2025-09-21T10:24:30","modified_gmt":"2025-09-21T10:24:30","slug":"half-of-indians-have-never-checked-their-credit-score-finds-study-banking-and-finance-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/09\/21\/half-of-indians-have-never-checked-their-credit-score-finds-study-banking-and-finance-news\/","title":{"rendered":"Half Of Indians Have Never Checked Their Credit Score, Finds Study | Banking and Finance News"},"content":{"rendered":"


\n<\/p>\n

\n

Last Updated:<\/span>

ZET’s study finds nearly half of Indians have never checked their credit score, with myths and lack of awareness causing loan rejections and a gender gap in credit confidence.<\/h2>\n
<\/p>\n
\n
\n
\n
\"font\"<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\"Credit<\/p>\n

Credit Score<\/p>\n<\/figure>\n

Half of Indians have never checked their credit score, according to a new study by ZET, a credit score builder platform. The report, titled \u201cIndia\u2019s Credit Score Awareness Gap: The Hidden Cost of Not Knowing”, highlights how lack of awareness and misinformation is blocking access to financial opportunities.<\/span><\/p>\n

The survey found that nearly 45% of respondents had never checked their credit score or weren\u2019t sure if they had. This gap comes at a cost: 30% reported facing loan or credit card rejections due to poor or absent scores, often without being told the reason.<\/span><\/p>\n

Basic knowledge of what makes a \u201cgood score” was also lacking. Only 66% of participants correctly identified 750+ as a strong credit score, while many believed a score between 500<\/span>\u2013700 was good enough. Alarmingly, 1 in 4 respondents thought income or salary directly determined their score, while another quarter admitted they didn\u2019t know who actually generates it.<\/span><\/p>\n

Myths and Misconceptions<\/span><\/h3>\n

One of the most persistent myths remains the belief that checking your own credit score reduces it. 58% of respondents were unsure about this, discouraging self-monitoring and proactive financial management.<\/span><\/p>\n

Gender Divide in Confidence<\/span><\/h3>\n

The study also revealed a gender-based gap in credit behavior. Men were more likely to check their scores frequently, while women tended to underestimate their creditworthiness \u2014 a trend that reflects a broader confidence gap.<\/span><\/p>\n

For new credit seekers, the absence of a history remains a major hurdle. Lack of prior credit records is among the leading reasons for loan and card rejections, the study noted.<\/span><\/p>\n

\n
\n
<\/p>\n
\"Varun<\/figure>\n

<\/span><\/p>\n

Varun Yadav<\/a><\/p>\n

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Click here<\/a> to add News18 as your preferred news source on Google. Stay updated with all the latest business news, including market trends<\/a>,\u00a0stock updates<\/a>,\u00a0tax<\/a>, IPO,\u00a0banking finance<\/a>, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the\u00a0News18 App<\/a> to stay updated.<\/span><\/div>\n
First Published:<\/span><\/p>\n
\n

September 21, 2025, 15:16 IST<\/p>\n<\/div>\n<\/div>\n

\n
\n
Disclaimer: Comments reflect users\u2019 views, not News18\u2019s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use<\/a> and Privacy Policy<\/a>.<\/div>\n<\/div>\n<\/div>\n

Read More<\/span><\/p>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Last Updated:September 21, 2025, 15:16 IST ZET’s study finds nearly half of Indians have never checked their credit score, with myths and lack of awareness causing loan rejections and a gender gap in credit confidence. Credit Score Half of Indians have never checked their credit score, according to a new study by ZET, a credit…<\/p>\n","protected":false},"author":1,"featured_media":14414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-14413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/14413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=14413"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/14413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/14414"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=14413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=14413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=14413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}