How a fake loan dropped a credit score overnight, explains expert
Last Update Date: 06-10-2026
Published by India Today
Abhishek Kumar's role: Quoted
Abhishek Kumar shared on LinkedIn, as cited by the outlet, how three fraudulent loans in his name hit his credit score. He described filing a police complaint and a dispute to fix it, and suggested checking credit reports regularly and guarding identity documents.
More of Abhishek's views on debt and loans
The article recounts how fake loans taken using someone else's PAN pulled down a person's credit score and led to a loan rejection. It lists ways to protect a credit score, such as checking reports from all credit bureaus through the year, guarding PAN and Aadhaar, avoiding unverified score apps and acting fast on errors.
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How a fake loan dropped a credit score overnight, explains expert