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

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...
 
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...
 
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...
 
What best practices are available for me to boost my credit rating?
Published by Jesse Wallace on June 6th 2012 | Finance
Improving your credit rating can be the best way to get discounted rates on credit cards and loans....
 
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...
 
Why should i get my free credit report?
Published by Mary Cruise on May 25th 2012 | Finance
Your free credit report is consulted by potential employers, landlords, credit issuers and lenders, ...
 
Christian credit counseling and credit counseling services
Published by James Blee on December 14th 2011 | Finance
This recession has been very tough for people who have especially taken loans against their credit c...
 
Signature loans no credit check- Get fund with a simple signature!
Published by John Simen on April 9th 2012 | Finance
With the aid of signature loans no credit check, you can avail funds up to $15000 with your signatur...
 
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 ...
 
Merchant Account processing type Merchant debit and Merchant credit card processing
Published by Eric Hannelius on January 18th 2012 | Finance
When you are doing the business your main focus is onto customers’ service provided to them so tha...
 
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...
 
Where can I get the best rate credit cards - at the bank or online?
Published by Jesse Wallace on June 6th 2012 | Finance

Applying for a credit card online can sometimes offer better rates than in high street banks....
 
Loan Calculator- What you require to recognize about a credit sum calculator
Published by Ian Foster on January 27th 2012 | Finance
Loan Calculator have lots of abundant websites on the internet that make available to their visits w...
 
Instant loans with bad credit: Cash facility with poor creditors
Published by Calvien Peter on December 5th 2011 | Finance
These finances are the best way to get the fast cash. Applicant can avail fast cash without pledging...
 
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...
 
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...
 
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...
 
What's the difference between the purchase, balance transfer, and cash withdrawal rates on credit cards?
Published by Jesse Wallace on July 11th 2012 | Finance
Understanding the various rates offered by your credit card could help you get the most from your pu...
 
Unsecured loan information : Advantages for the all types of credit scorer
Published by Mark Fulton on April 12th 2012 | Finance
Unsecured loan Information are normally a personal loan and are ideal for individual who need money ...
 
No credit search loans - Get Funds Without Verification Process 
Published by Alice Johnsonn on January 12th 2012 | Finance
No credit search loans don’t account your credit history and helps you to avail cash support in qu...