Credit Report Errors Can Hurt Your Score: How to Spot and Fix Them

Common signs of errors include a sudden change in credit score or incorrect balance reflections, the executives said. If an error is found, borrowers should raise a dispute with the lender or credit bureau through proper channels.

Kuldeep Yadhuvanshi, business head at Rupee112, said consumers often look at their credit score as a single number. The more important question is what drives that number, he said. A sudden change should prompt a review of the underlying report for unusual inquiries or incorrect balances. Understanding the reason helps distinguish between a real credit issue and a reporting error.

Regularly reviewing credit reports and addressing discrepancies promptly can help maintain an accurate credit history, the experts said. They recommended checking reports from all four bureaus at least once a year.