A STUDY ON DEBT AWARENESS AND CREDIT SCORE MANAGEMENT AMONG URBAN WOMEN BORROWERS IN NAVI MUMBAI

This study looks at the relationship between a borrower understanding of debt and his or her ability to effectively manage credit scores. Rapid growth of digital lending, credit cards, and consumer loans are factors behind low repayment discipline among urban borrowers. The study aims to establish the level of debt knowledge, financial behaviour, and awareness of credit score consequences among different categories of borrowers in Navi Mumbai. It also assesses the impact of the socio-economic variables on credit decisions and repayment. Findings from the study highlight the importance of financial literacy in preventing over-borrowing, reducing defaults, and long-term credit health. Finally, the research provides recommendations to enhance debt education and promote responsible credit management in urban communities.