5 Credit Report Errors Wrecking Your CIBIL Score
Mistakes in your credit report — like wrong loan status or someone else's debt — can quietly lower your CIBIL score and get your loan rejected. You have the right to dispute these errors for free, and fixing them can improve your score within 30–45 days.
One wrong 'settled' tag can cost you ₹3–5 lakh extra in loan interest over 20 years.
Your credit report may have errors silently killing your loan chances
Key Takeaways
Download your free credit report once a year from CIBIL, Experian, Equifax, or CRIF at their official websites — check all four if possible.
Raise a dispute directly on the bureau's website with supporting documents like your NOC, bank statement, or loan closure letter — bureaus must resolve it within 30 days.
If the bureau does not fix the error after 30 days, file a complaint with RBI's Banking Ombudsman at cms.rbi.org.in — this is free and legally enforceable.
Mistakes in your credit report — like wrong loan status or someone else's debt — can quietly lower your CIBIL score and get your loan rejected. You have the right to dispute these errors for free, and fixing them can improve your score within 30–45 days.
Here's what happened: Credit bureaus like CIBIL, Experian, Equifax, and CRIF compile your credit history from lender data, which sometimes contains reporting errors.. Common errors include duplicate loan entries, accounts marked 'settled' instead of 'closed', wrong personal details, or fraudulent accounts opened in your name.. A single incorrect 'Days Past Due' or 'written off' tag can drop your CIBIL score by 50–100 points, making lenders reject or overprice your loan..
What you should do: Download your free credit report once a year from CIBIL, Experian, Equifax, or CRIF at their official websites — check all four if possible.. Raise a dispute directly on the bureau's website with supporting documents like your NOC, bank statement, or loan closure letter — bureaus must resolve it within 30 days.. If the bureau does not fix the error after 30 days, file a complaint with RBI's Banking Ombudsman at cms.rbi.org.in — this is free and legally enforceable..
Always get a 'No Dues Certificate' or 'Loan Closure Letter' from your lender the day you repay any loan or credit card — this one document resolves 80% of dispute cases instantly.
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- [1]“Hidden credit report errors can hurt your credit score: Here are 5 ways to dispute them” mint - money · 11 Jun 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.