New Delhi, May 23 -- Debit card EMI has now become a popular payment option for individuals who want to buy products and services on prominent e-commerce websites without paying the full amount upfront.

From smartphones to kitchen appliances, music systems, and home cleaning products, many online and offline stores now allow customers to convert these purchases into easy monthly payments using their debit cards. Still, one important question that is raised time and again is how availing such a service affects one's credit score. Let us examine this concept in more depth and understand how debit card EMI can affect your credit score.

The simple answer to this question is yes. In most cases, financial institutions treat debit card EMI as ...