Introduction: Fast Refunds, Slower Financial Habits?
This year, India’s Income Tax Department set a record—most refunds processed digitally within 17 days. It’s a big win for digital governance, but here’s the irony:
Your tax refund might arrive faster than your credit score improves.
At Vizzve Finance, we ask the obvious: if the government is speeding up your money, why are you still delaying your financial fixes—especially your credit score?
🔍 The Fast Refund Revolution
🏦 Average refund time now 17 days or less
💻 100% refunds processed digitally via CPC Bengaluru
📈 Over ₹1.8 lakh crore refunded already in FY 2024–25
💰 Majority sent via UPI-linked bank accounts or NEFT
This speed proves India’s financial systems are evolving fast—but many individuals still drag their feet on credit health.
💳 What’s the Big Deal About Your Credit Score?
| Credit Score Range | What It Means | Loan Impact |
|---|---|---|
| 750+ | Excellent | Best interest rates |
| 650–749 | Average | Higher interest rates |
| <650 | Poor or risky | Rejected applications |
While tax refunds are out of your hands, your credit score is in your full control.
🧠 Vizzve Finance Insight: Use That Refund to Repair & Rise
Got your tax refund early? Here's how to use it smartly with Vizzve:
✅ Pay down high-interest credit card debt
→ Boosts score + reduces financial stress
✅ Clear pending EMIs or personal loans
→ Missed payments are the top score killer
✅ Pre-close smaller loans
→ Lowers credit utilization ratio, improves score
✅ Invest in a secured credit card or FD-linked credit line
→ Build history without risking defaults
✅ Track your CIBIL score monthly with Vizzve’s Credit Score Monitor
→ See changes in real time and get improvement tips
🤔 FAQs: Credit Scores, Refunds & Vizzve
Q1. I got my refund—should I use it all for debt?
Not necessarily. Prioritize high-interest debt first and keep some for emergencies.
Q2. Can paying my EMI on time improve my score?
Yes—payment history is 35% of your credit score. Never miss due dates.
Q3. Does checking my score lower it?
No. Using Vizzve’s soft inquiry system, you can check your score as often as you like without impact.
Q4. How long does it take to improve my score?
With smart steps, 3–6 months is enough to see major improvement.
Q5. How does Vizzve help?
We offer a Credit Score Monitor, Smart Pay Tracker, and Debt-Free Plan Generator for actionable recovery.
Published on : 14th July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed.