New Delhi, Sept. 6 -- Missing a Rs.500 repayment might initially seem too insignificant to affect your finances. Still, when it comes to credit health, the amount is not always the deciding factor. On a fundamental level, what matters is whether the payment becomes overdue and how long it remains unpaid.

Furthermore, it is critical to check whether such delays become a recurring pattern. If such is the case, it can eventually negatively affect an individual's credit score and overall credit history. The main reason is that repayment history builds creditworthiness, and when it is affected, it eventually results in a reduction in credit score.

There are four prominent credit bureaus in the country, namely, TransUnion CIBIL, Experian, Equ...