Summary
A credit score is one input used by lenders; it is not a guarantee of approval. A healthy profile is built through accurate records and consistent repayment behaviour.
What this guide explains
This guide explains how to review a credit report, correct genuine errors, build consistent repayment habits and avoid misleading score-improvement promises.
Who it affects
Borrowers, credit-card users and customers planning to apply for a regulated credit product.
Review your credit report
- RBI directions provide eligible individuals access to one free full credit report, including a credit score, once in a calendar year from each credit information company that holds their data
- Check personal details, accounts, balances and repayment history
- Raise a dispute through the concerned credit information company or lender if information appears inaccurate
Practical customer actions
- Pay EMIs and card dues by their due dates
- Avoid borrowing more than your budget can support
- Do not apply repeatedly for multiple products within a short period without need
- Keep contact details updated with lenders
Understand what a score cannot do
- A score does not guarantee a loan or card
- Each lender applies its own policy and assesses income, obligations and other factors
- Do not pay anyone promising an instant score increase or guaranteed approval
Checklist
- Obtain your free annual report through an official credit information company.
- Correct genuine errors through official dispute channels.
- Plan repayments before taking additional credit.