SMA in a credit report: Meaning and impact on your credit score
When a loan EMI or credit card payment is overdue for up to 90 days, it reflects in the individual’s credit report as SMA. The bank can reject new credit applications if there are SMA(s) in the applicant’s credit report.
When a loan EMI or credit card payment is overdue for up to 90 days, it reflects in the individual’s credit report as SMA. The bank can reject new credit applications if there are SMA(s) in the applicant’s credit report.
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