How to Resolve CIBIL Dispute? Ahmedabad 9426497770 / 079-40099917

Loan,credit card rejected ? low credit score call 079-40099917 VERITAS -Independent Financials Advisors, Ahmedababd INDIA www.veritastheteam.com

Types of CIBIL Disputes

We can broadly categorize the disputes into two parts: Individual Disputes and Company Disputes.

Individual Disputes

Inaccuracies in an Individual’s CIBIL Report can be related to his/her personal details and issues related to duplicate accounts. Personal details include incorrect filing of name or address. For example, Sumit Malhotra could be misspelled as Sumit Mehrotra. Sometimes a single loan account may be reflected in your CIBIL Report twice, thus reducing your overall score. Such disputes can be resolved by filling the CIBIL dispute form.

Company Disputes

Discrepancies in a Company Credit Report can be referred to as a Company Dispute. Such disputes may arise in the form of incorrect ownership details, the existence of duplicate accounts, data inaccuracies and the like. The authorized signatory of the company can initiate dispute resolution by filling the CIBIL dispute form.

Information that cannot be rectified through the dispute resolution mechanism includes account number, member name, inquiry date, and control number.

How to Raise Dispute in CIBIL?

Any dispute in the CIBIL Report or Company Credit Report can be notified by raising a CIBIL dispute resolution request. Those who have registered on CIBIL can directly raise a dispute by logging into myCIBIL. Follow the steps given below:

• Login to myCIBIL
• Click on Raise a Dispute tab
• Select the relevant section that you want to dispute
• Select your account
• If you are disputing over ownership or duplicate information, select the same on ‘Dispute Type’ and submit the details of the dispute in brief.
• If you are disputing a data inaccuracy, enter the correct value for the disputed field and submit.

Alternatively, the users can also fill out the CIBIL online dispute resolution form directly without logging in to civil. Individuals can file the same by filling this form- https://www.cibil.com/dispute/. For changes in CCR, the Online Commercial Dispute Form needs to be filled. You can get the form here- https://www.cibil.com/online/file-company-dispute.do.

Online dispute resolution is the fastest way to correct the discrepancies in your CIBIL Report. However, one can also raise a CIBIL dispute by writing a letter addressed to their registered office in Mumbai.

TransUnion CIBIL Limited, 

One Indiabulls Centre, 

Tower 2A, 19th Floor, 

Senapati Bapat Marg, 

Elphinstone Road, Mumbai – 400 013

CIBIL Dispute Resolution Process

Once the dispute is raised by users by filling out the online dispute resolution form, the process starts. The following steps are taken by CIBIL:

Step 1- Dispute is submitted, either through an online channel or through the letter.

Step 2- Dispute fields are marked in the relevant section with the tag ‘Under Dispute’.

Step 3- Based on the type of dispute, it is sent to the concerned credit institution for rectification.

Step 4- If the lender rejects the dispute, the request is canceled and no changes are made in the CIBIL Report or Company Credit Report (CCR).

Step 5- If the disputes are accepted by the lender, changes will be made in the CIBIL Report or CCR.

Step 6- The ‘Under Dispute’ tag created in Step 1 is removed and a new report is furnished to the user.

FAQs about CIBIL Disputes

1- What classifies as a CIBIL Dispute?

Inaccuracies in CIBIL Report (Individuals) or Company Credit Report (Commercial) are considered as CIBIL Dispute. These can be related to ownership information of the company, personal details, address, contact information, etc. However, information such as account number, member name, inquiry date, and control number cannot be rectified by raising a CIBIL Dispute.

2- How to resolve CIBIL dispute?

The quickest way to resolve a CIBIL Dispute is by filling the CIBIL online dispute resolution form. The links are given below-

• For Individuals-  https://www.cibil.com/dispute/
• For Companies- https://www.cibil.com/online/file-company-dispute.do

3- Can I raise a CIBIL dispute offline?

Yes, it is possible to raise a dispute by writing a letter to CIBIL addressed to its registered office in Mumbai. Make sure that you enter all important details such as the report order number, transaction ID, etc. CIBIL registered office address is-

TransUnion CIBIL Limited, 

One Indiabulls Centre, 

Tower 2A, 19th Floor, 

Senapati Bapat Marg, 

Elphinstone Road, Mumbai – 400 013

4- How long does it take for CIBIL to resolve a dispute?

The turnaround time for a CIBIL dispute resolution is 30 days.

5- What if I am not satisfied with the resolution of my dispute?

In case you are not satisfied with the resolution, a new dispute resolution request can be raised along with the details of the previous request.

6- After the dispute resolution, how long does it take for CIBIL to furnish my new CIBIL report?

It usually takes up to 7 days for incorporating changes in your CIBIL Report.

7- How to check CIBIL dispute status?

If you already have access to civil, you can check the status by logging into it and going to the ‘Dispute Status’ section. However, if you do not have the access, CIBIL sends you email notifications regarding the status of your dispute. A civil account is also created and the login details are mailed to you so that you can check the status of your dispute regularly.

When you successfully raise a Company Dispute, a unique ID for the dispute will be generated which can be used to track CIBIL dispute status. You can call CIBIL helpline for the same. The consumer helpline number is +91-22-6638-4600.

8- How will I know that my dispute has been resolved?

An SMS will be sent to your registered mobile number stating that the dispute has been resolved.

9- I have already closed a loan account but it is still reflected in my CIBIL report. Should it concern me?

Yes. You must confirm the same with your credit institution. CIBIL is not authorized to make changes in the credit report unless relevant details are furnished by the lender.

10- Can I raise several disputes for the same report at a time?

No. This facility is not yet provided by CIBIL. You can only rectify one field at a time. If you are disputing an ownership issue, you cannot raise a data inaccuracy issue along with it.

11- Why do certain sections of my CIBIL report have red bands?

CIBIL uses the ‘red bands’ to mark the disputed section. Once the issue is resolved, the red band will disappear.

તમને જો નીચે પ્રમાણે ની કોઈ સેવાઓની  જરૂરિયાત હોય, તો  મેહરબાની કરીને અમારો  સંપર્ક કરવા વિનંતી  ઘર બેઠા સર્વિસ આપવામાં આવશે

1. Gumasta ધારા (દુકાનો અને મહેકમ) લાઈસન્સ & નવીકરણ
2. નોટરી / સોગંદનામું
3. જન્મ પ્રમાણપત્ર
4. લગ્નની નોંધણી / લગ્નનું પ્રમાણપત્ર
5. પાસપોર્ટ તાજા, નવીકરણ, મુખ્ય નાના
6. નામ ટ્રાન્સફર વીજળી , મ્યુનિસિપલ કોર્પોરેશન, ગેસ એજન્સી
7. પાન કાર્ડ નવા / કરેક્શન
8. gst return filing (through C A)
9. આવકવેરા રીટર્ન
10. કાનૂની દસ્તાવેજો સુધારાઓ
11. મની લોન્ડરિંગ લાયસન્સ
12. આરોગ્ય લાઇસન્સ
13. વ્યાવસાયિક કર
14. નિકાસ આયાત લાઈસન્સ
15. ડ્રાઇવિંગ લાયસન્સ, નવીકરણ, આંતરરાષ્ટ્રીય
16. મિલકત, બેંક, સરનામાં ટ્રાન્સફર માટે અરજી
17. વેચાણ કરાર, વેચાણ ખત

અમદાવાદ મા કોઇ પણ પ્રકારના સરકારી કામ માટે મળો

સર્વિસ ટેક્સ સરકાર કાયદા મુજબ લાગુ પડશે.

અમે તમને ઘર બેઠા સર્વિસ પુરી આપીશુ

Office:

VERITAS THE TEAM

127,Sahajanand Park

Nr Swaminarayan Temple

Shahibaug Ahmedabad 380004

Ph: 079-40099917,9426497770

Mail :veritas.smeet@gmail.com

www.veritastheteam.com

What is the duration of information contained in the CIBIL report? Ahmedababd 9426497770 /079-40099917

Loan, credit card rejected? low credit score call 079-40099917 VERITAS -Independent Financials Advisors, Ahmedabad INDIA www.veritastheteam.com

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

1. Gumasta ધારા (દુકાનો અને મહેકમ) લાઈસન્સ & નવીકરણ
2. નોટરી / સોગંદનામું
3. જન્મ પ્રમાણપત્ર
4. લગ્નની નોંધણી / લગ્નનું પ્રમાણપત્ર
5. પાસપોર્ટ તાજા, નવીકરણ, મુખ્ય નાના
6. નામ ટ્રાન્સફર વીજળી , મ્યુનિસિપલ કોર્પોરેશન, ગેસ એજન્સી
7. પાન કાર્ડ નવા / કરેક્શન
8. gst return filing (through C A)
9. આવકવેરા રીટર્ન
10. કાનૂની દસ્તાવેજો સુધારાઓ
11. મની લોન્ડરિંગ લાયસન્સ
12. આરોગ્ય લાઇસન્સ
13. વ્યાવસાયિક કર
14. નિકાસ આયાત લાઈસન્સ
15. ડ્રાઇવિંગ લાયસન્સ, નવીકરણ, આંતરરાષ્ટ્રીય
16. મિલકત, બેંક, સરનામાં ટ્રાન્સફર માટે અરજી
17. વેચાણ કરાર, વેચાણ ખત

અમદાવાદ મા કોઇ પણ પ્રકારના સરકારી કામ માટે મળો

સર્વિસ ટેક્સ સરકાર કાયદા મુજબ લાગુ પડશે.

અમે તમને ઘર બેઠા સર્વિસ પુરી આપીશુ