New Delhi, Aug. 19 -- Improving errors and mistakes in your credit report is important for maintaining a healthy credit score. It can help in ensuring seamless availability of credit facilities.

A credit score is a simple three-digit number that defines an individual's creditworthiness. Mistakes such as incorrect personal details, erroneous past loan entries, or outdated loan information can result in significant credit score correction, impacting loan approval chances.

Therefore, credit reports should reflect the actual financial reality of an aspirational borrower. On this, Akshay Aedula, Head, Product and Growth CRED, says, "Your credit report should reflect the truth, and fixing errors on it costs you nothing. Both the credit bureau...