New Delhi, Oct. 17 -- If you have ever chosen to pay your EMI using your debit card, it is natural to wonder if this affects your credit score. Debit card EMIs have their own unique features, allowing borrowers to buy now and pay later. These repayments are made through monthly payments. This makes buying new products and services easier for individuals who do not have a credit card.

Still, does this impact an individual's credit score and credit report? The answer to this question is a simple yes. Let us discuss this concept in detail.

In regular debit card payments, funds are instantly deducted from your account. A debit card EMI is different. It works like a small personal loan. In this case, the bank pays the merchant upfront, and t...