New Delhi, June 18 -- In a nation where personal loans are considered as a lifeline for millions of people, timely repayment is not just a financial obligation but a sincere responsibility, primarily to maintain efficient credit health.

According to the guidelines of leading financial institutions and professionals, missing out on even a single monthly instalment (EMI) can set off an uncontrollable chain reaction with far reaching consequences for borrowers.

Elaborating on the same, Kundan Shahi, Founder, Zavo, says, "Skipping even one EMI can quietly damage your credit score, making future loans harder and costlier. Over time, it affects your credit health and could even invite legal trouble if left unpaid. What feels like a small miss...