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Only 15% population in metro aware of credit scores: Suvery

According to the survey, only 11% of the polled people have ever obtained their credit reports from any credit bureau

Press Trust of India  |  Mumbai 

Despite credit bureaus operating for past one decade and lenders making credit scores mandatory for loans, a recent survey conducted in eight metros has found that only 15 per cent people are aware of such a system, while over 50 per cent respondents are unaware of the bureaus. "A large majority of 53 per cent of the people polled are still not aware of the credit bureaus and credit scores, and only a minuscule 15 per cent are aware of their own credit score," says an eight city survey by Credit Sudhaar involving around 1,500 people. This is in spite of the fact ...

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