A routine CIBIL score check can sometimes reveal a mystery. Say you have done everything by the book, made timely payments, and maintained balanced credit utilisation. Yet, your score remains stagnant, or worse, your application for a quick loan that you were getting approved for has been rejected. This can be a deeply frustrating experience that makes you question the entire system.
However, the reason for your rejection may not be anything you have done. It could be a silent error lurking deep within your credit report. This is not a rare occurrence. It is a widespread issue where a simple clerical mistake affects your credit health. A tool like OneScore helps you identify and understand these hidden inaccuracies and remove them. This clears the path for you and makes you credit-ready.
What is a Financial Error in Your Credit Report
Before you can fix a problem, you have to understand its nature. Errors on your credit report are invisible until you know how to look for them, yet their impact is devastatingly real.
A single misplaced decimal point or a forgotten “Paid in full” status on an old loan is all it takes to bring your score down. Sometimes, errors may be related to your identity and accounts belonging to another person may be linked to you.
Since these errors can decrease your creditworthiness, your application for a loan or a credit card may be rejected, leaving you with no explanation and a hit to your score. This is why your search for a quick loan may end before it even begins.
How OneScore Exposes the Truth
OneScore provides a straightforward way for you to find and fix errors on your credit report. The app gives you the power not just to see your credit score, but also to check your entire credit history and accounts. Using the app, you can verify all the data and ensure it is represented correctly.
Gaining Clarity with a Free Experian and CIBIL Score Check
The process begins with getting a clear view of your credit behaviour. OneScore provides this by giving you completely free access to your detailed credit report across your lifetime. This is your primary source of information for all credit-related activities.
Here are the benefits of checking your credit score and report:
- A regular Experian and CIBIL score check ensures continuous surveillance, allowing you to spot anomalies the moment they appear.
- The app acts as your magnifying glass. It highlights specific accounts and other factors that are influencing your score the most.
- It decodes your credit report into clear and understandable information, so you know exactly what you are looking at.
The Power of Correction
Once the app has helped you identify an inaccurate entry, you need a simple way to correct it. OneScore streamlines this by integrating the dispute resolution process directly into the app.
- You can flag any inaccuracy you discover and initiate a dispute instantly from within the app
- You can track the status of your dispute within the app, giving you full visibility into the correction process
Here is a step-by-step guide on how to fix errors in your credit report:
- Download the OneScore app and sign in to access your report
- Carefully review your report and look for inaccuracies
- Click on the ‘Report an Error’ option
- Fill in the required information, including details of the errors, and add supporting documents
- Once you have raised a dispute, the credit bureau will initiate an investigation by contacting the relevant lender
- After the completion of the investigation, the credit bureau will update your report accordingly
A Clean Slate and New Opportunities
With OneScore, you can do more than clear errors in your credit report. You can also improve your credit score. The app gives personalized suggestions you can follow and offers you use of a score simulator that lets you see how your actions may affect your score, even before you do it.
This is where the OneScore app transitions from an investigative tool to a gateway for opportunities. As your score goes up, OneScore shows you the best personal loan offers from trusted partners. You can also apply for a quick loan right from the app. You can get a personal loan of up to ₹5 lakhs at competitive interest rates starting from 12.5% p.a. once your credit score reaches a minimum of 730.
OneScore transforms the simple task of an Experian or CIBIL score check into a strategic tool for action. You are no longer just a passive applicant hoping for a loan. You can become an informed user, actively managing your credit health and unlocking superior offers you have rightfully earned.
