New Delhi, Dec. 8 -- Credit reports play a critical role in determining the basic eligibility of aspiring loan applicants, as well as their borrowing costs in the country. Lending institutions are now increasingly using credit scores from prominent credit bureaus, such as CRIF High Mark, CIBIL, Experian, and Equifax, to provide a score for applicants.

These credit scores primarily range between 300 to 900, with any scores of over 750 considered reputable. Furthermore, even minor mistakes can hurt your financial prosperity and future borrowing potential. That is why regular checks on time dispute resolution are critical to maintain a healthy credit profile.

Consumers can now access one free credit report annually from each credit bureau,...