Last year, a friend from Pune called me urgently asking for money. His wife had been hospitalized, but he had already paid the bills with his credit card. He was worried about his CIBIL score because he couldn’t pay his credit card EMIs on time. Shocked, I asked, “Are you more worried about your CIBIL score than your wife’s health?” He confirmed, highlighting the undue pressure of maintaining a good credit score.

I questioned, “What’s the CIBIL score of Nirav Modi, Mehul Choksi, and Vijay Mallya? This situation reminded me of a stark contrast. While my friend worried about his CIBIL score, notorious defaulters like Nirav Modi, Mehul Choksi, and Vijay Mallya had no such concerns. Their massive defaults haven’t seemed to impact their ability to secure funds.

Take Ritu (name changed), for instance. She took a personal loan during the lockdown........

© Digpu