Phantom loans wrecking your credit score? Fix them and claim compensation
Last Update Date: 05-10-2026
Published by Mint
Abhishek Kumar's role: Quoted
Abhishek Kumar shared how, in 2009, three overdue loans of another person with the same name and date of birth appeared against his PAN, and how proof from the banks got his report corrected. He also suggested using the free annual reports from bureaus to check one's score each quarter.
More of Abhishek's views on insurance
The article looks at errors and fraud in credit reports, such as loans or credit cards a borrower never took, often linked to misuse of PAN or Aadhaar data. It explains how to raise disputes with credit bureaus and lenders, when to approach the RBI ombudsman, and the rule allowing ₹100 a day in compensation for delays beyond 30 days.
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Phantom loans wrecking your credit score? Fix them and claim compensation