New Delhi, Aug. 25 -- A weak credit profile and a low credit score are often associated with missed payments, missed due dates or poor financial habits. However, errors in credit reports can also affect a borrower's profile.

Errors such as incorrect repayment status, outdated loan information, duplicate accounts, or inaccuracies in personal information can create an inaccurate picture of an individual's borrowing history and creditworthiness.

Kaushik Chatterjee, Founder & CEO, lendingplate, says, "People often assume that a low credit score is always the result of missed payments or poor financial habits, but that is not necessarily the case. Mistakes in a credit report, such as an incorrect repayment status, a duplicate account or outd...