Beware of Financial Fraud: Someone else can take a loan from your pan, check it immediately

News India Live, Digital Desk: Beware of Financial Fraud: In today’s digital age, the risk of misuse of our important documents is constantly increasing. PAN card Permanent Account Number, which is an essential document for financial transactions, often becomes an easy victim of fraud. Unfortunately, many times people do not know that someone else has taken a loan in their name using their PAN card, which has a serious impact on their credit score and financial health. It is important to understand how to identify such fraudulent loans and protect themselves from it. The most direct way of this is to regularly check your credit report. Credit Information Companies in India such as CIBIL CIBIL, Experian Experian and Equifax Equifax form your credit report, which records all your loan accounts, credit cards and history of rehabilitation. If a person takes a loan by misusing your PAN, the loan will appear in your credit report, which you will never have taken. In your credit report, you should monitor any unknown or suspicious loan account or credit card. Unusual credit inquiry can also be a major signal when a lender examines your history. If you have not recently applied for a loan or credit card, but it is a matter of concern. In such situations, immediately the concerned lender and the credit bureau should be contacted. If you recognize any suspicious activity, take immediate action. First of all, take complete information by contacting the lender (bank or financial institution) who has given an unknown loan. Next, report it to cybercrime or at your local police station. Finally, contact your Credit Bureau and inform them about fraudulent loans, so that they can improve your credit score and remove this transaction. It is important that you do not share your PAN card information with any unauthorized person and take extreme care while doing online transactions. Never share your PAN card and Aadhaar card through unsafe websites or emails. Staying active and regularly monitoring your financial information is the most effective way to avoid misuse of PAN card.