does mpokket affect cibil score

Yes, mPokket does affect your CIBIL Score. As a platform that offers formal credit, mPokket reports your borrowing and repayment activity to the credit bureaus in India. This means that disciplined borrowing and making timely repayments can help you build and improve your credit history and CIBIL score. Conversely, any late payments or loan defaults will be reported, which can severely damage your credit score, making it difficult to get loans from banks and other financial institutions in the future.