Author: Kenton Bode

IntroductionMost credit products in India, from credit cards to personal loans, require you to show proof of income. Salary slips, bank statements, and Income Tax Returns (ITR) are the standard documents lenders ask for. But a large section of the Indian population does not have a traditional income to show.Students, homemakers, freelancers, gig workers, newly employed individuals, and self-employed people often find themselves locked out of the credit system. Without access to credit, they cannot build a credit history. Without a credit history, lenders continue to reject their applications. This creates a frustrating cycle.The good news is that this cycle…