Debit Card EMI: Convenience or Credit Score Risk? What You Need to Know

• Debit card EMI is a hidden loan, not just spending your own money, and impacts your credit report.
• A small personal or consumer loan is opened, recording tenure, EMI amount, and due date.
• Timely payments build a good record; late or bounced EMIs are considered defaults and lower your score.
• One EMI won't drop your score if paid on time, but multiple EMIs or repeated short-term loans can signal high risk.
• Mistakes include assuming it's not a loan and forgetting to check balances, leading to bounced EMIs and credit score damage.