Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Tips to Correct Wrong CIBIL Report

By Jon Smith Subscribe to RSS | June 21st 2012 | Views:
loading
 
  



A negative credit report becomes a stumbling block in your quest for financing a home. But at the same time, these credentials help to protect your rights. If you have found that your credit report is the reason for disapproval of your loans, it is important to get all discrepancies removed from your wrong CIBIL report.

• AS per the recent RBI mandate, each bank has to comply individuals wish to access his or her credit report. Once you have found that there are discrepancies in the report, you can complain against the bank. But before it, you have to patiently analyze all the aspects of your report and ensure you have evidences to prove such discrepancies and to seek clarifications in your credit report.

• First of all, you should ask the bank that has disapproved your loan application to provide control number. A control number is unique number that helps CIBIL to track your credit report from its database. You need this number while seeking clarifications from wrong CIBIL report. You should stay in touch with Credit bureau in India by mailing at info@cibil.com while referring your report's control number and nature of discrepancies in it.

• You can also fill dispute form provided by the bank along with your discrepancies and write a letter to both credit bureau in India as well as creditors. You should identify each error in your credit report with your dispute forms and letter and also send copies of your supporting documents. Make sure to keep copies of all forms, letters and other supporting documents that you have sent to creditors and credit bureaus. It will be helpful as evidence in court of law.

• As per law, credit reporting agencies or credit bureaus have to scrutinize disputes within 30 days of receiving your complaints. Any item not verified by creditor is supposed to be eliminated. However, creditors are not obliged to provide any supporting documents but just need to mention that your credit report is accurate.

If you don’t have time to follow all such formalities, the better way is to hire credit repairing agencies. These organizations took complete responsibilities of getting all errors eliminated from your wrong CIBIL report and help you to improve your credit score so you can avail all the benefits of sound credit health.

Jon Smith - About Author:
Author is expert in providing information related to CIBIL report and would guide in how to get credit report online. Read his article, which assists people about the various struggles with bad credit and learn how to fix it.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/finance-articles/tips-to-correct-wrong-cibil-report.htm

Related Finance Articles Subscribe to RSS

No Credit Check Loans- Fast Cash Without No credit Checks
Published by Jason Welsh on March 29th 2012 | Finance
If you are looking for a hassle free and easy process to get immediate cash help, then you need look...
 
Understanding Christian and credit card debt settlement organizations
Published by Julia Roger on December 14th 2011 | Finance
With increasing debts among the majority of the population, people have started to seek professional...
 
With online research you can loan about car loan with bad credit
Published by Pamela Andersen on May 16th 2012 | Finance
The online auto financing is easy way of saving time and money as well as not compromising on the ra...
 
No credit Check Loans: Easy Cash, Impaired Credit No Matter
Published by Amarjeet Singh on July 11th 2012 | Finance
No credit check loans are a kind of finance programs which the people of Canada look for. No credit ...
 
How can i get dependable credit card debt advice and exactly how could it benefit me?
Published by on March 27th 2012 | Finance
Credit card debt advice is a program provided by debt companies to help those people who are battlin...
 
Why hire a credit card debt management company?
Published by Yossi A on January 12th 2012 | Finance
As a matter of fact, it not only clears your already existing debt but also offer valuable technique...
 
Bad Credit Secured Loan: Huge financial support in spite of bad credit
Published by Ian Foster on February 2nd 2012 | Finance
Bad credit secured loan has introduce by the economics establishment to continue the people whose cr...
 
Bad credit debt consolidation UK
Published by Fresh Finance on January 19th 2012 | Finance
The debt consolidation entails taking out one mortgage to pay off many others. This is done to prote...
 
Cash loans bad credit- Fast Cash Notwithstanding Bad Credit
Published by Rider Abraham on March 21st 2012 | Finance
Cash Loans Bad Credit is an instant solution and a great short term financial support for persons wi...
 
Bad credit loans no fees: Shake Hands with Cash Crunches with Smile
Published by Cameron White on December 13th 2011 | Finance
Bad credit loans no fees are always ready to shake hands with poor creditors to let them feel comfor...
 
Apply for credit card online and increase your liquidity
Published by John Matthew on December 28th 2011 | Finance
Credit card is one entity that has made millionaires out of the ordinary men, but at the same time t...
 
Hard Money Loan No Teletrack- Grab loan with no credit checking
Published by Gorgie Nork on January 9th 2012 | Finance
Hard Money Loan No Teletrack can be availed with the aid of simple online process. This loan is usef...
 
Prepaid card-The credit solution
Published by Anni on March 2nd 2012 | Finance
A prepaid card is some card that you place your own cash into ahead of era so you can employ that ca...
 
Loans for Bad Credit People: Weak credit is no more a trouble
Published by Ella Trant on June 8th 2012 | Finance
People with bad credits can realize their urgent monetary needs with loans for bad credit people wit...
 
Finance for worst credit sanctioned within a day of filling
Published by Ross Sorin on March 2nd 2012 | Finance
Online financial aid is available for bad creditors through which they can get easy cash without fac...
 
Procuring credit card in Australia had never been so easy
Published by John Matthew on December 27th 2011 | Finance
One of the best things that could have happened to the man in the present times was the easy availab...
 
Bad credit and mortgage refinance option
Published by Kam Brar on December 16th 2011 | Finance
As people think, it is not easy to get mortgage refinance with bad credit. There are various factors...
 
How to choose the balance transfer credit card offer?
Published by Alenpaul on January 19th 2012 | Finance
As many find themselves in debt with certain credit cards, and trying to renew their card ability th...
 
Student loan default might cause bad credit record
Published by Peter Paul on December 22nd 2011 | Finance
Student loan default is a very common problem that is seen globally. Student loans in default should...
 
If you accept Visa and MasterCard you can get Bad credit small business loans
Published by Joseph Richard on April 4th 2012 | Finance
Despite it being a popular means of finance, there are several business operators who are unsure of ...