Find out why your credit report shows a loan you don’t remember taking out


Loans can be granted to you both legally and fraudulently. So if there is a suspicious entry in your credit report, get to the bottom of it immediately.

Personal loans | Credit card loans | RBI

After a recent monetary policy review, Reserve Bank of India Governor Shaktikanta Das said the apex bank had received numerous complaints against digital lenders. Customers have seen loans being disbursed to them without their consent, which has led to a decline in their credit rating. Adhil Shetty, CEO of BankBazaar, said: “Recently, several people mentioned on social media that they were surprised to find loans issued against their PANs by lending institutions. Worse, some of the loans had been in default. .because of their own fault, these people’s credit scores were compromised due to the defaults.” If this happens to you, what steps should you take?



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First published: Friday, April 15, 2022. 4:15 PM IST

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