The Economic Times

A loan you never took; How PAN fraud is wrecking credit scores in India and what you should do to protect yourself

Indians are facing a new threat: PAN-based loan fraud. Criminals are using stolen PAN details to take out loans without consent. This is damaging credit scores and causing immense stress. Victims must act fast by reporting to lenders, police, and credit bureaus. Prevention through secure data sharing is key to safeguarding financial identity.