Is Someone Taking Loans with Your PAN Card? Find Out How
Is Someone Taking Loans with Your PAN Card? Find Out How
Business Desk: Your PAN card is a vital document today. It’s essential for financial tasks like filing taxes, applying for schemes, or getting loans. Just as crucial as an Aadhaar card, it’s used for salary, pension, and investments. That’s why keeping it secure is a must.
What if someone uses your PAN to take a loan? It’s a real risk, and you might end up repaying a loan you never took. If you suspect misuse, you can easily check and protect yourself.
Why It’s Important to Check
A loan taken in your name can hurt your credit score and burden you with debt. Checking for misuse helps you catch issues early and avoid future trouble.
How to Check for Unauthorized Loans
To find out if your PAN is linked to unknown loans, use a credit bureau like CIBIL. Follow these steps:
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Go to the CIBIL website and select “Get Your Credit Score.”
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Skip any subscription prompts to proceed for free.
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If you’re new, register with your date of birth, mobile number, and email.
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Create login credentials and sign in.
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Enter your PAN number and click to check your score.
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Verify with the OTP sent to your phone.
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View your credit score and check the loan section for any unfamiliar loans.
What to Do If You Find a Problem
If you spot a loan you didn’t take, contact the lender immediately. Report it to CIBIL and consider filing a police complaint for fraud. Keep your PAN safe by never sharing it carelessly and checking your credit regularly. Stay alert to protect your financial identity!
