CIBIL Information false reports to make money - Credit Information Bureau India Limited (CIBIL)
There is an organization called CIBIL on which most of the banks depend. This organization has the most pathetic way of harassing people. CIBIL furnishes a false report to the bank stating the loan applicant has an outstanding loan on his/her name, and these banks who depend on this lousy organization rejects the loans based on the false report. Then the candidate is asked to approach CIBIL through mail and the candidate doesn't get any response for 10 days. After repeated reminders, there comes the trick. CIBIL asks for money to furnish the report. Hard to believe? Believe it.. This happened to me.
I approached SBI for a site loan. I draw a salary of 50k per month and bank was very happy to sanction me 14 lacs and everything went fine until the CIBIL report furnished this false report stating I have an outstanding personal loan of Rs. 36000, and SBI gave me a control number 438490967 and asked me to get loan details and get a closure report.
Meanwhile, I have paid the site owner an advance amount of 4 lacs and got the agreement. Agreement is valid only for 3 months. SBI has already consumed my 2 months' time from the date of agreement, for all their verification process, and now I am left with 1 month for the agreement to lapse. Now, I write to CIBIL asking for the details of the loan on July 30, 2010, and I don't get a reply. After reminders on reminders, I finally get a reply on August 9, 2010, asking for money to furnish me a false report that they have furnished the bank. Is this fair? First of all, they have entered some false details in the report without any clarification from me, secondly they demand money from me for my own report and that too after 10 days of my query.
Now, even if I pay CIBIL the money, they will take their own sweet time to furnish my report, then I make it clear to them that I do not have any outstanding loan, by then my agreement will be lapsed and the owner of the site will take a call to sell it to me for the same price or higher.
Because of this irresponsibility from CIBIL, I might end up paying another 1 lac to the owner of the site, which I want the CIBIL to pay me as compensation.
As a last resort, I am seeing if I can find any justice through this site.