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


Web-exclusive

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.

Topics
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?


TO READ THE FULL STORY, SUBSCRIBE NOW FOR JUST RS 249 PER MONTH.

SUBSCRIBE TO PERSPECTIVES


What do you get on Business Standard Premium?


WHERE







Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

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

Previous TransUnion failed to correct misleading credit report sales, says CFPB (1)
Next Credit Risk Management Software for Banking Market (Covid-19 Analysis) SWOT Analysis, Key Indicators, Forecast 2028