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

Welcome Finance Loans- Unsecured credit for helpful Roadmap
Published by Mark Fulton on January 26th 2012 | Finance
Welcome finance loans explicit information about finding it out may not be simple but we have gather...
 
Same day loans no credit check - fight with the devils of financial crisis
Published by Sam Hopkins on December 3rd 2011 | Finance
Same day loans no credit check provide instant funds to an individual without looking into their pas...
 
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...
 
Benefits of using business lines of credit
Published by Kemar Roach on June 12th 2012 | Finance
Small business line of credit is a kind of financing that is offered by a lot of business banks and ...
 
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...
 
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....
 
Free credit report no fee: know your financial standing
Published by Alice Marlen on May 25th 2012 | Finance
When you request for an extension of credit, loan or credit card, the promising credit grantor will ...
 
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...
 
The importance of paying your credit card from Sears in time
Published by Alex Decosta on December 20th 2011 | Finance
One of the leading credit card companies, Sears has had a massive list of defectors based on its une...
 
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 ...
 
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...
 
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...
 
Free credit score report: why to get one
Published by Brigham Brock on May 29th 2012 | Finance
It is essential to begin creating a credit status as early as possible. You can start to create one ...
 
Top tips for money management and using a credit card
Published by Jesse Wallace on June 6th 2012 | Finance

Learning how to use your credit card effectively could help you balance and manage your debts....
 
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...
 
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...
 
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...
 
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...
 
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....
 
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...