Building and repairing credit scores has been challenging for Indians overall, owing to the imbalance of computation systems used by credit bureaus and banks. With the increased prevalence of AI tools like ChatGPT available now, the question on all minds is: Can AI truly enhance your credit score? The answer is yes, but not as magic bullet, rather, as stimuli to increased financial literacy.

How AI technology can assist your credit journey

AI is not capable of directly changing your credit report or negotiating with lenders for you. Nevertheless, technology like ChatGPT can analyse your spending history, explain the credit score calculation, and prompt and advise you on borrowing responsibly. For instance, if you keep missing due dates for payments, an AI technology can remind you or in

See Full Page