Industry Odisha Bureau, Aug 25: Since an erroneous credit report tends to lower one’s credit score as well as affects loan eligibility, financial experts have reportedly laid stress on a regular review of one’s credit report so that it could help the borrower not to lose his/her creditworthiness.
Media reports, citing financial experts, have advised that, “If a borrower regularly reviews his/her credit report, it could help to detect the incorrect repayment records, duplicate accounts and outdated loan information in order to maintain an accurate credit history.”
Media reports, citing financial experts, have further underlined that, “A borrower’s weak credit profile and a low credit score are often associated with poor financial habits like missed payments and missed due dates.”
Media reports, citing financial experts, have also alerted that, “If errors like a sudden change in the credit score or incorrect entries in credit profiles are detected on time due to the regular review, the aggrieved borrowers should immediately raise the dispute through proper channels with the relevant lending institutions/credit bureaus.”
