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URecently, my friend applied for a **home loan top-up** and was **shocked to find out he was denied** because his credit score had dropped due to a **loan default in a legal dispute** under his name.
# Background
* He is a well-established businessman with 15+ years in business.
* He had **only ever taken a single home loan** 6-7 years ago, and his credit score was excellent then.
* Upon investigation, he found that the defaulted loan dates back to **2011**, when he was added as a **reference** (not a guarantor/co-borrower) for a friend’s loan application.# Fraudulent Inclusion as Co-Borrower
* In the loan application, **his name, mobile number, and address were added under “Reference 1″**, and he didn’t provide any documents.
* He checked the loan application and **his name appears to be scribbled in as a co-borrower**—a clear case of fraud or misrepresentation.
* There are **photographs of the actual applicants and co-borrowers, and his picture is NOT there**. Neither is his signature anywhere.
* He had **no credit history in 2011** (he started filing ITR in 2015), so he couldn’t have even qualified as a co-borrower for a loan back then.
* He remembers getting calls from some loan department regarding the case, asking him to push his friend to clear the dues, but he was never involved beyond that.
* Now, **he has been denied a home loan top-up** due to this fraudulent loan being marked as a default in his credit history.# TL;DR
Friend’s credit score is ruined due to a **fraudulent loan default** from 2011, where he was only a **reference**, but his name was illegally scribbled in as a co-borrower. No signature, no documents, no photo, yet he’s facing consequences. Now, he’s been **denied a top-up loan** due to this. What legal actions should he take to clear his name?
# What Are His Legal Options?
Would appreciate any expert insights! 🙏
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