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Credit Scores Demystified: “Unlock the Power of Your Credit Score” Book Launched

Unlock the Power of Your Credit Score, a book co-authored by seasoned retail bankers – Arun Ramamurthy, Gaurav Wadhwani and Aman Kapoor to simplify the various facets of Credit and Credit Scores to help laymen was released by Mr. Manish Sinha, CEO, Equifax India in a stimulating event held at Oxford Bookstore in Mumbai. The launch was preceded by an extremely informative discussion on credit scores and need for proper management amongst the authors and assembled guests. The self-published book will be available on online platforms like Flipkart, Amazon and Infibeam as well as prominent book stores on orders.

Living up to their individual social responsibilities, the authors have announced that the net proceeds from sale of the book will be donated for the cause of improving credit literacy in areas most affected by instances of farmer suicides, many of the farmers take the extreme step because they can’t manage credit due to lesser earnings from crop failure. The initiative called #Bookahelpinghand will be used in future to further support such farmers and their families.

The book has neatly segregated credit related issues into three segments for explaining to readers starting with Building Blocks of Credit going on to Credit Scores and Their Importance and then sharing important Tips for Being Credit Healthy. Three annexures have been added to make it even more comprehensive with information on How to Read a Credit Bureau Report, Sample Budgeting Sheet, Credit Information Companies (Regulation) Act, 2005.

Elaborating on the reason for writing this book, Mr. Arun Ramamurthy, Co-author of Unlock the Power of Your Credit Score and Co-Founder, Credit Sudhaar said, “Credit is an integral part of every adult Indian’s financial life. Access to credit is increasingly a function of our past actions, which are evaluated, in statistical terms such as credit scores. More than 20 crore people in India have a credit score. However, only a miniscule percentage knows its true importance. We are hoping to spread awareness on this amongst Indian’s through the book.”

Expressing his happiness on the launch of a book on credit scores, Mr. Manish Sinha, CEO, Equifax India said, “Equifax is a $2.4 billion global information solutions company with a heritage dating back 116 years. We solve our customers’ business challenges through a powerful combination of data, analytics and technology. Credit reports and scores are one of the premier solutions we provide and often the best recognized. It is super-important to understand how credit scoring works, whether you are a bank, an insurance company, a telecom operator… or an individual interacting with any of these institutions!.”

Mr. Gaurav Wadhwani, Co-author of Unlock the Power of Your Credit Score and Co-Founder, Credit Sudhaar added, “We are sure that this book will help people to “discover” the “Credit Score” and guide them on how they can harness its true potential.”

Mr. Aman Kapoor, Co-author, Unlock the Power of Your Credit Score opined, “It is important for all Indian’s and especially youngsters to know the perils of wrong use of credit and negative credit behavior. The Karmic action of negative credit behavior haunts them at the time when they require it most like maybe when applying for a home loan.”

The book has been priced at Rs. 249.


Arun Ramamurthy

Arun Ramamurthy is a management graduate from IIM Calcutta and holds a bachelor’s degree in Economics from Presidency College, Calcutta.

Arun has had a long and distinguished career in Indian retail banking with various multinational banks. Arun has been at the forefront of the retail lending industry in India. In his role as business head, he was instrumental in setting up and running large teams. An avid reader, fitness enthusiast and entrepreneur, Arun seeks to spread financial knowledge for the betterment of our society at large.

Gaurav Wadhwani

Gaurav Wadhwani is a management graduate from MDI Gurgaon. Gaurav is a seasoned banking professional with over a decade of experience. He specializes in the fields of credit, credit policy and credit analytics.

Gaurav is a firm believer of the fact that the interests of borrowers and lenders are co-terminus. Both borrower and lender need each other not only for meeting personal and business objectives but also for the overall benefit of our economy.

Aman Kapoor

Aman is a literature graduate from Delhi University and is a seasoned retail banker. Aman has worked with various multinational banks and has had extensive exposure to credit markets in India and abroad.

Aman’s vision is to have a Credit Healthy India where every individual has equal opportunity to access the credit markets.

**Arun and Gaurav are also co-founders of Credit Sudhaar; India’s leading Credit Health Management Company. Credit Sudhaar is an online platform which helps clients to manage their credit profiles and save money.

Photo Caption: Mr. Gaurav Wadhwani (Right), Mr. Arun Ramamurthy (Centre) and Mr. Aman Kapoor (Left) co-authors of Unlock the Power of Your Credit Score at the launch of the book at Oxford book store, Mumbai

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