Why Your Credit Report Needs Constant Attention, Not Just When Things Go Wrong

• Credit report monitoring is vital, akin to health check-ups, to detect issues before they become critical problems like loan rejections.
• Many credit problems, such as incorrect late payments, old accounts, or fraudulent loans, are initially invisible and erode scores slowly.
• Regular checks protect against data misuse, identity theft, and unauthorized accounts, allowing early detection of suspicious activity.
• Monitoring helps identify and correct reporting errors by banks/NBFCs, which don't fix themselves and require proactive follow-up.
• Paying on time isn't sufficient; factors like high credit utilization, too many inquiries, or guarantor loan issues can still negatively impact your credit.

Why It Matters: Proactive credit report monitoring is essential for financial health, preventing fraud and costly surprises.