1. We will purchase a detailed CIBIL report (CIR) on your behalf. 2. We will be analyze your Credit History & Credit Score. 3. A detailed plan will be drafted to resolve any discrepancies first i.e., (you might have paid all the dues to the financial institutions and information in CIBIL is wrongly updated. We will fix the errors on your credit report) 4. Then we will check about the defaults / overdue amount to be paid by you to the financial institutions. 5. We will first check with you (since when you have defaulted or not paid the amount to the financial institutions) 6. Then we will check with the bank about the closure amount. 7. After paying the closure amount to the creditors. 8. We will get you the closure letter/ No due certificate letter from the bank. 9. We take the complete responsibility of the documentation for closure. 10. We also ensure the CIBIL update is done by the bank. And whichever information’s are not updated in the report we will get it updated in the report. 11. For the score to improve there must be running loan or credit card so we will get you a pre paid card for the score improvement and monitor for the score 12. After updating all the records in CIBIL, your CIBIL will be cleared & then loans should not get declined for further details contact 9535061366
1. We will purchase a detailed CIBIL report (CIR) on your behalf. 2. We will be analyze your Credit History & Credit Score. 3. A detailed plan will be drafted to resolve any discrepancies first i.e., (you might have paid all the dues to the financial institutions and information in CIBIL is wrongly updated. We will fix the errors on your credit report) 4. Then we will check about the defaults / overdue amount to be paid by you to the financial institutions. 5. We will first check with you (since when you have defaulted or not paid the amount to the financial institutions) 6. Then we will check with the bank about the closure amount. 7. After paying the closure amount to the creditors. 8. We will get you the closure letter/ No due certificate letter from the bank. 9. We take the complete responsibility of the documentation for closure. 10. We also ensure the CIBIL update is done by the bank. And whichever information’s are not updated in the report we will get it updated in the report. 11. For the score to improve there must be running loan or credit card so we will get you a pre paid card for the score improvement and monitor for the score 12. After updating all the records in CIBIL, your CIBIL will be cleared & then loans should not get declined for further details contact 9535061366
There is no mechanism in CIBIL where Customer can give any justification. It is total property of bank. If bank is faulty like credit card dept, loan dept. etc there is no mechanism where Customer can give challenges to them, it is their wishes they can play with the customer. Since it is INDIA everything is going against customer. In India Customer law, only you can find it theoretically. Its really SHAME.
I thoroughly agree with what raj bankura says, I face this issue too.
the biggest drawbacks are 1. any finance institute can put their remarks and the customer has no way to challenge if the report is not entirely right. CIBIL advises the customer to get in touch with the respective financier to get changes if any. now even if the same financier was at fault, customer can not correct the same even if he has evidences for the same. 2. banks keep approaching the customers on their own for various loan offers, customer is not even aware and his name reflects in hard enquiries. wonder how can one inform CIBIL that he did not apply for a loan?
3. false loan accounts reflect on one\'s name even if he has not taken loan, due to various technical errors of matching names/dob or address. again, one can\'t get it corrected in CIBIL unless the concerned financier agrees to correct its mistake and approaching the financier and getting it corrected in itself a lengthy and tedious process.
4. in some cases, if there is dispute between the customer and financier and finally even if he pays all dues along with penalties levied and settles the account, still if financier puts the remark as account settled and not amount fully paid. it puts customer in negative light and as always, customer cant do anything in this.
whats the course of action against such frivilous practices???!!!!
For which i dint made an payment and for which my name is reflecting in CIBIL. but after that i had cleared my car loan in 2012 which was applied before the issue and cleared all my credit card bills before due date at that too 100% payment. so what would be my score, as of i dont required ant loan but might need in future.
Re: I had an issue with SBI in 2006 for credit card.
by Surendran Selvaraj on Sep 02, 2015 04:38 PM
Navin, if you had cleared your bills the score would've improved but not hugely. The monthly NDPD would have increased because of the delay in payment, which directly would've affected your score. You can't change that unless with the help of your bank or the financial institution. You can't predict your score right now because, there are various factors involved. You can get your credit report from Equifax / Experian which are cheaper comparing to CIBIL. Calculation of scores are almost the same.
the biggest drawbacks are 1. any finance institute can put their remarks and the customer has no way to challenge if the report is not entirely right. CIBIL advises the customer to get in touch with the respective financier to get changes if any. now even if the same financier was at fault, customer can not correct the same even if he has evidences for the same. 2. banks keep approaching the customers on their own for various loan offers, customer is not even aware and his name reflects in hard enquiries. wonder how can one inform CIBIL that he did not apply for a loan?
3. false loan accounts reflect on one's name even if he has not taken loan, due to various technical errors of matching names/dob or address. again, one can't get it corrected in CIBIL unless the concerned financier agrees to correct its mistake and approaching the financier and getting it corrected in itself a lengthy and tedious process.
4. in some cases, if there is dispute between the customer and financier and finally even if he pays all dues along with penalties levied and settles the account, still if financier puts the remark as account settled and not amount fully paid. it puts customer in negative light and as always, customer cant do anything in this.
ALL IN ALL, ITS A ONE WAY PLATFORM WHERE YOUR CREDIT SCORE/ LOAN ELIGIBILITY ETC. IS DEPENDENT ON WHAT THE FINANCIER WRITES ABOUT YOU AND CUSTOMER HAS NO WAY TO GET THIS CORRECTED.
