CREDIT SCORE SYSTEM - ASSESSING THE AWARENESS OF PUBLIC PERCEPTION IN TIRUPATI CITY

K Meghanath Reddy , M A Nissi Evengelin , S Dheeraj Kumar , Dr S Shyam Sundar

credit score, loan repayment, credit worthiness, effective credit use, financial behaviour.

Credit ratings are now an essential instrument for determining someone's reliability when it comes to loan repayment. This study examined how well people in Tirupati, Andhra Pradesh, understand credit ratings and how their background influences their understanding. credit score is basically a number that shows how reliable someone is financially based on their borrowing and repayment history. To gather the information a detailed questionnaire was used and 30 responses were collected on January 2025. The responses were coming from various groups, including business owners, IT professionals, industrialist, salaried employees. Using convenience and snowball sampling methods. The data was analyzed using tools like graphical representation and correspondence analysis through excel and google sheet. The results shows that factors like gender and the number of dependents significantly impact how much people understand credit scores. The study highlights the needs to improve financial awareness among the public so that more people can effectively use credit scores in their financial decisions. It also recommends that similar studies should be done in other parts of India to understand how awareness of credit scores affects behaviors like paying back loans on time.

Published Paper   E-Certificate

"CREDIT SCORE SYSTEM - ASSESSING THE AWARENESS OF PUBLIC PERCEPTION IN TIRUPATI CITY", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.10, Issue 1, page no.b5-b9, January-2025, Available :https://ijsdr.org/papers/IJSDR2501109.pdf

Volume 10 Issue 1, January-2025

Pages : b5-b9

Paper Reg. ID: IJSDR_300319

Published Paper Id: IJSDR2501109

Downloads: 000347310

Research Area: Management All

Country: Chittoor, Andhra Pradesh, India

Published Paper PDF: https://ijsdr.org/papers/IJSDR2501109

Published Paper URL: https://ijsdr.org/viewpaperforall?paper=IJSDR2501109

ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJSDR(IJ Publication) Janvi Wave

This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition