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What is the duration of information contained in the CIBIL report?
What is the duration of information contained in the CIBIL report?
Your credit repayment history for the last 3-4 years is displayed in your Credit Report and same is applicable for any negative track record
How frequently does your CIBIL report get updated?
Credit Information report is updated as and when new information is received from the member credit institutions. Information related to repayments of current loans and new inquiries for fresh loans is updated regularly.
Can there be errors in our CIBIL Report?
- CIBIL report documents the credit history, loan queries, type of loans availed by you in the past and as reported by your bank to the bureau. All this information together is used to compile a single CIBIL score of the borrower which reflects his/her credit-worthiness.
- While the bureaus use highly automated systems and technology to receive, capture and process borrower information from banks, there still remain a possibility of errors showing up in your CIBIL report.
- As the information contained in the CIBIL report impacts your credit score and your ability to avail credit, it is essential that you go through your CIBIL report carefully to ensure that there are no errors. Any errors found need to be raised and rectified through CIBIL dispute forum.
What are some of the common errors that crop up in your CIBIL report?
- Inaccurate current balance or amount overdue
- The current balance in your CIBIL report reflects an outstanding amount. Amount overdue states that you have failed to service your current loan obligations.
- You may find that the last EMI paid is not updated in your CIBIL report. The missing update is counted as inaccuracy. This usually happens when a CIBIL report is purchased within 45 days of the EMI paid. The payment is generally updated within 45 days by CIBIL after receiving the data from a lender.
- Incorrect Personal Details
- CIBIL report carries a section of your personal details that includes name, PAN, address, date of birth. Different banks submit different details after which CIBIL collates the data received and summarize it into one CIBIL report.
- You must ensure that the information reflected in the CIBIL report is accurate before filing a loan application.
- Ownership
- If you discover that wrong loan account has been added in your CIBIL report then the same has to be brought to the bureau’s notice immediately.
Inaccurate CIBIL Report? What should be the next step?
CIBIL has created a dispute resolution forum which allows a borrower to raise a dispute and get it rectified using the process listed below:
- If you spot an error in your CIBIL report, you can download, fill and submit an Online Dispute form to get it rectified. Please provide your complete and accurate details to allow CIBIL to communicate with you effectively through the dispute resolution process.
- Your dispute is logged in and registered using your Control Number and the personal details. The control number is the 9 digits unique number assigned by CIBIL to a new report generated. A new control number is assigned every time a report is generated.
- You are advised to fill the accurate control number and date in the dispute form as it helps CIBIL to identify the report for which the dispute is being raised.
- After submitting the form, a unique dispute ID is generated with reference to the dispute raised and is sent to you.
- After recognizing the complaint, CIBIL checks the error with the respective bank. CIBIL is the custodian of the data, not an owner. CIBIL only compiles and prepares a report on the basis of the data given by various lenders.
- The bank checks their internal records and responds to CIBIL with a response on your query raised.
- Once CIBIL receives clarification from the respective bank, it conveys the same to you. Usually, CIBIL takes 30 days to resolve the dispute.
- Just like CIBIL, Experian also has an online process whereby you are required to fill the form and send it by post to their address along with a self-attested copy of your identity and address proof.
What if you have raised a dispute mistakenly or accidentally?
If you have raised a dispute mistakenly or accidentally, there is nothing to worry as the same does not affect your CIBIL score in any manner. It will not be reflected anywhere in your CIBIL report at any point of time. Nevertheless, you are advised to check your CIBIL report thoroughly before raising a dispute.
What is the difference between a credit report and a credit score?- A credit report is a complete record of all loans and credit cards availed by you in the past compiled by one of the credit bureaus such as CIBIL, Experian, Equifax or Highmark. The credit report also contains your personal information and a record of all loans and credit cards applied irrespective of whether those were sanctioned or not. Against each account, the credit report shows your payment track record, sanctioned amount, current outstanding balance, date of opening of an account, last payment and track record of any delays in paying installments.
- Credit score, on the other hand, is a three digit number assigned by the credit bureau based on all compiled information. The score can range from 300 to 900 in India and better the past repayment record, higher the score. More recent credit activity tends to have a higher weight age than that in the past.
તમને જો નીચે પ્રમાણે ની કોઈ સેવાઓની જરૂરિયાત હોય, તો મેહરબાની કરીને અમારો સંપર્ક કરવા વિનંતી ઘર બેઠા સર્વિસ આપવામાં આવશે
- Gumasta ધારા (દુકાનો અને મહેકમ) લાઈસન્સ & નવીકરણ
- નોટરી / સોગંદનામું
- જન્મ પ્રમાણપત્ર
- લગ્નની નોંધણી / લગ્નનું પ્રમાણપત્ર
- પાસપોર્ટ તાજા, નવીકરણ, મુખ્ય નાના
- નામ ટ્રાન્સફર વીજળી , મ્યુનિસિપલ કોર્પોરેશન, ગેસ એજન્સી
- પાન કાર્ડ નવા / કરેક્શન
- gst return filing (through C A)
- આવકવેરા રીટર્ન
- કાનૂની દસ્તાવેજો સુધારાઓ
- મની લોન્ડરિંગ લાયસન્સ
- આરોગ્ય લાઇસન્સ
- વ્યાવસાયિક કર
- નિકાસ આયાત લાઈસન્સ
- ડ્રાઇવિંગ લાયસન્સ, નવીકરણ, આંતરરાષ્ટ્રીય
- મિલકત, બેંક, સરનામાં ટ્રાન્સફર માટે અરજી
- વેચાણ કરાર, વેચાણ ખત
અમદાવાદ મા કોઇ પણ પ્રકારના સરકારી કામ માટે મળો
સર્વિસ ટેક્સ સરકાર કાયદા મુજબ લાગુ પડશે.
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