How to Fix a Wrong Credit Report?
A single clerical error by a bank can drop your score by 100 points and cost you ₹20 Lakhs in extra interest. You must be your own auditor.
- The “Settled” vs. “Closed” Audit: If you paid in full, it must say “Closed”. “Settled” is a red flag that causes rejections.
- The ₹100/Day Rule: Under a new RBI rule, if a bank doesn’t fix a valid dispute within 30 days, they owe you ₹100 for every day of delay.
- The Nodal Officer Route: Don’t just talk to the branch; email the bank’s Nodal Officer with proof to trigger a real fix.
Watch this video to learn how to identify, fight, and fix errors in your credit report.