New Delhi, June 6 -- India's credit bureaus have long worked to raise awareness among borrowers especially as unsecured lending rises. With growing concern over financial literacy, the regulator aims to bust credit score myths and encourage responsible credit credit use.

On the same issue, Rishabh Goel, Co-Founder and CEO, Credgenics believes that one should be careful with the myths associated with credit scores.

He advises credit users that they should, "Never fall for credit score myths that sabotage your financial health. Many think checking their score damages it, paying the minimum due is enough, or closing old credit cards helps, none of this is true."

He further added that, "Checking your score is safe and empowers smarter choi...