New Delhi, May 19 -- In India sustaining an accurate credit report and a robust credit score is crucial as it directly impacts personal loan approvals and also influences applicable interest rates. Still, discrepancies can occur potentially influencing your financial prosperity.

The Reserve Bank of India (RBI) has implemented measures to ensure timely updates and accuracy in credit reporting by credit agencies and also provide borrowers with a platform to consistently check their credit scores once every year. This transparency helps in making the entire system more efficient and borrower friendly.

Errors or mistakes in credit reports can arise from various factors such as:

To boost the accuracy of your credit rating and score related ...