New Delhi, March 27 -- How subscription payments affect credit scores is a big question in India right now, with the ever-increasing consumption of digital products. This is a consequence of the ever-rising awareness of credit and debt products and the ease of using credit instruments such as credit cards, personal loans and small loans. Read the following five points to know how timely and consistent subscription payments can affect your creditworthiness.

Your payment history is one of the components of your credit score. It has a value of about 35 per cent and is the most critical component in assessing your creditworthiness. Timely payment of your subscriptions will boost this category; defaults and late payments, on the other hand, w...