Credit Scores in India
Checking, Correcting and Protecting Your Report
Consumers can get a free credit report once a year from each bureau, and should dispute errors and guard against identity fraud.
Know what lenders see.
Free reports
The RBI requires bureaus to give one free full report a year.
Errors
Mistakes, such as loans you never took, can lower your score, and you can file a dispute.
Fraud
Identity theft can lead to fake loans in your name.
Habits
Check your report yearly and keep documents safe.
A wrong entry
A loan listed as unpaid that was actually closed is corrected after a dispute.
Ignoring your report until you apply for a loan
Errors take time to fix.
Key takeaways
- A free report is available yearly.
- Errors can be disputed.
- Fraud is a risk.
- Check regularly.
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