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📈 Credit Score

How to Read a Credit Report and Dispute Errors

A section-by-section guide to reviewing your credit report.

✍️ FinancePortal Editorial📅 Published 21 Sep 2026🔄 Updated 8 Oct 2026⏱️ 4 min read
In this guide
6 sections
2 FAQs · 4 min read
How to Read a Credit Report and Dispute Errors

Your credit report is the source of your credit score. Reading it carefully — and fixing errors — can prevent loan rejections and higher interest rates.

Key takeaways

  • You can get a free full report from each bureau (CIBIL, Experian, Equifax, CRIF High Mark) once a year.
  • Check personal details, every account, payment history, and enquiries.
  • Disputes can be raised online with the bureau; RBI rules require resolution within 30 days, with compensation for delays.
  • Lenders now update bureaus at least every 15 days, so corrections can reflect faster.

Sections of a credit report

Section What to check
Personal information Name, PAN, DOB, addresses, phone
Accounts Lender, type, sanctioned amount, balance, status
Payment history DPD (days past due) for each month
Enquiries Lender, date, purpose

Understanding account status

Status Meaning
Current / Standard Paid as agreed
DPD 30/60/90 Payment overdue by that many days
Settled Closed by paying less than full dues — negative
Written-off Lender wrote off the loss — very negative
Closed Fully repaid — positive

How to dispute an error

  1. Log in to the bureau's portal and raise a dispute for the specific account or field.
  2. Upload proof (NOC, payment receipts, statements).
  3. The bureau verifies with the lender.
  4. Track the dispute ID; escalate to the lender's grievance officer and then the RBI Ombudsman if unresolved.
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Bureaus must pay compensation of ₹100 per day if a complaint is not resolved within 30 days (combined timeline for bureau and lender).

Your action checklist

  1. Download your free credit report from at least one bureau every year.
  2. Keep card utilisation below 30% and never miss a due date.
  3. Space out credit applications by several months.
  4. Raise disputes for any incorrect account or enquiry with supporting documents.
  5. Keep your oldest card open and active with small, regular spends.

FAQs

How long do negative entries stay?
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Payment history is shown for several years; recent behaviour matters most.

Can I pay someone to "clean" my report?

No — only incorrect data can be corrected through disputes.

Tools & guides for this topic

Editorial note: This guide is for education and comparison. Rates, fees, eligibility and tax rules change — verify the latest terms with the bank, issuer, AMC or regulator before you act. FinancePortal does not provide personalised financial advice.

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