New Delhi, July 25 -- Every small inaccuracy in your credit report can quietly bring down your credit score. Thus lowering your chances of securing a personal loan or credit card. Now it is a given that many borrowers regularly track their credit scores, relatively few review their credit reports in complete detail. Due to this they often miss hidden mistakes and errors that could cost them favourable terms and lower interest rates on their personal loans.

Credit reports compiled by CIBIL, Equifax, Experian and CRIF High Mark can often contain discrepancies and disputes that go unnoticed by borrowers and can later hamper credit scores. Some common credit report mistakes include:

All such errors may easily lower a borrower's credit score...