CIBIL Score: Suspecting unauthorised inquiries on your credit report? 5 things you must do immediately

livemint.com:

If you discover unauthorised inquiries on your credit report from CIBIL or any other credit bureau, it’s important to take immediate action to protect your credit profile. 

First of all, you need to reach out to the credit bureau and intimate them about the occurrence of such unauthorised inquiries or mistakes in your report. Then you need to provide them with details of the inquiries which are unauthorised.

Besides, credit bureaus have a dispute resolution process as well. So, it is advisable to file a dispute regarding the unauthorised inquiries, wherein you should state that you did not authorise these inquiries. You may need to provide any supporting documentation or evidence in order to support your claim.

Review your credit report: You need to procure a copy of your credit report from CIBIL in order to carefully review the report to identify any unfamiliar inquiries or accounts.

Freeze your credit report: You may even consider placing a freeze on your credit report to prevent any further unauthorised inquiries or activity. This can help protect your credit profile from potential fraud.

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Monitor your credit report regularly: Make sure to monitor your credit report regularly for any suspicious activity. Many credit bureaus offer monitoring services or alerts that can notify you of any changes to your credit report.

Report identity theft: If you suspect that the unauthorised inquiries are a result of identity theft, you must report the same to the relevant authorities immediately. This may include filing a report with the police and contacting the appropriate financial institutions to alert them of the fraud.

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