New Delhi, Feb. 28 -- Digital lending apps have changed the face of money borrowing for Indians in recent years, as instant and hassle-free loans are getting offered with minimal paperwork. Now it is a given that digital lending applications have been a credit revolutioniser, they also raised some valid questions and concerns about credit scores. Hence, let's see how digital lending affects your credit score:

Web lending sites employ advanced computer software to grade credit-worthiness based on an individual's online profile, including usage of mobile phone data, internet browsing, and use of social websites.

This provides lenders access to more similar customers, i.e., individuals with no historical credit record. Now this definitely ...