Solutions for your CIBIL Credit Report Problems Ahmedabad 9426497770 /079-40099917

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

Solutions for your CIBIL Credit Report Problems

CIBIL or Credit Information Bureau Limited is a credit information company in India. A CIBIL Credit Report is a record of your credit history and is formed after collecting the records of an individual’s payments pertaining to loans and credit cards. Once the CIBIL score is calculated, it is sent to banks and financial institutions for evaluation. Each bank or credit institution has its own benchmark that constitutes as a good score. It differs across banks.

The credit scores and CIBIL credit report help the banks and credit institutions in determining if the individual is eligible to avail credit.

Where will the CIBIL Credit Report be used?

Your CIBIL Credit report or score plays a pivotal role in your financial journey. Your CIBIL score/ credit report acts as the first impression for the lender, the higher the score, the better the chances of the loan/credit card is approved. Listed below are some of the ways a good CIBIL score/ credit report can help you.

• Quicker and hassle-free approval for loans and credit cards.
• Lower interest rates.
• Easy approval for rented/leased houses and apartments.
• More negotiating power.
• Get approved for higher limits.

CIBIL Credit Score Problems and its Solutions

1. Error in your CIBIL Credit Report- Errors in CIBIL report can be something as minor as a spelling error in your name or address. Though this might seem like a minor error, it can cause damage. The other sort of damage you might incur is from a mistaken identity where you might find someone else’s loan details in your report or an overdue amount on a loan that you haven’t taken. These minor errors will bring down your CIBIL score drastically and might even lead to rejection of your application.
   Kind of errors that might occur in the CIBIL report
   1. Inaccurate current balance
   2. Inaccurate amount overdue
   3. Incorrect personal details
   Solution: The first step of the solution is to obtain a copy of your CIBIL credit report from CIBIL. Once you get access to the reports, analyze the errors and initiate a dispute by filing a dispute resolution form that is available on the CIBIL website. One has to provide their name, address, date of birth, a control number when they file a dispute resolution.
2. Days Past Due (DPD)- Days Past Due indicates the number of days payment on that account is late that month. Anything other than ‘000’ is considered negative by the lender. If your DPD indicates anything other than ‘000’ it will mean that you haven’t met your financial obligations and this might create a negative impression on your financial record.
   Solution: The best way to avoid unfavorable DPD is to pay your bills on time and avoid taking excessive, unnecessary debt so that you can honor your financial obligations without any hassles.
3. Bad credit history- A poor credit score or credit report will sabotage your chances of availing a loan, credit card or any other kind of credit.
   Solution: Listed below are the steps to follow to avoid or repair bad credit.
   • Pay your bills on time- Never delay your payments.
   • Avoid making minimum payments- Making minimum payments will land you in trouble in the longer run.
   • Avoid excessive debt- Moderation is the key. Take what you need.
   • Converse- If you are unable to make payments on time make sure to contact your bank or financial institution about a credit plan.

One can avoid CIBIL credit score by being responsible and taking necessary measures. It is easy to repair your credit score problems but it’s better to avoid it.

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.

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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 do you do when you spot a mistake on your credit report?

Typically, you check your credit report when your loan gets rejected and the loan provider tells you it’s because of some information on your credit report. But there is no need to panic! Mistakes on a credit report can be easily corrected with the CIBIL’s help. All you need to do is:

a) Purchase your CIBIL credit report

b) Identify the erroneous information

c) Provide name, address, date of birth, an Control Number and the nature of the error on the credit bureau’s website. This is known as a ‘Dispute Request’ in credit bureau parlance.

The Control Number is a unique 9-digit number found on the top right hand side of your CIBIL Credit Information Report and is generated every time a credit report is generated. It is very important to provide this number to the bureau, as it helps identify the CIBIL credit report on which you would like to ‘dispute’ information.