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The credit score is issued by 4 credit bureaus in India which are CIBIL™, Equifax, CRIF High Mark and Experian.

Yes, even a single missed payment can negatively affect your your credit score . Every missed payment that is reported by your lender and noted by the credit bureau, affects your score. Sometimes, you may miss a payment due to a temporary strain on your finances like unexpected medical expenses. Even if you make a full payment after a month or two, the missed payment will remain on your record and will negatively impact your score.

It is important to ensure that you never miss a payment if you want to maintain a good credit score. Having a good repayment record is characterized by making all loan and credit card repayment in a timely manner and in full. That is the best way to maintain a good credit score.

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