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CIBIL — who is winner

I applied for a loan,the bank told me that I have some default in my report.Itold them that it is impossible..They told me about one home loan which I never taken.The bank gave me one control number and told me to go to cibil office to correct my report.When I reached cibil office ,I was surprised by the office luxury and wonder that where they are getting this money to run a office in Nariman point.Anyway I met with the executive and told them my story.They told me I have to apply by post and pay Rs 142 only to get my report.Then I have to find out which bank reported wrong ,then I have to go to that bank for correction,for which bank I donot know anything.Then it will be corrected after 3 months.

So I applied in a co-operative bank and I got loan in one week.

I am an NRI and my salary is about 4 lacs per month.I got my loan,my bank got a good customer ,because I transferred all my deposits,investments to co-operative bank.
Only the looser is,the banks who fooled by fictious reports.

Now I want to explain the I think by my experience and harrasment-

There are 20 million records in cibil database.If they put wrong information for 10 million also,so calculate 10 million multiplied by 142 rupees.

And for the banks,just put randomly their non performing assets to many customers who they don't know,straightway their balance sheet will be balanced.

Many people,whom I donot know approached me that they can remove my details from cibil report by paying 20000 only,but I never tried..

May bbe I am luckky,,but for the people,who is harrassed by cibil should make one forum.

I am confused,but need some solutions.pllease write
Complaint comments  4 CommentsShareTweet


you are right but common man's voice never reached to government deaf ears. nothing can be done. Even bank is denying my loans as well, coz my name is in cibil.

But i never see any rich people name in cibil, no matter what scam he has done...
People take it for GRANTED "

I have applied for getting my CIR, by paying 142 thru online and courriered on 3rd aug they say it will be dispatched in 10 Business days after waiting in the call for more than 20mins to reach a representative and its real pain over phone to find the status, but i have not still recvd my report its 24th aug today,

what else i can do I am waiting for the 10 Business days to complete ...
Really not sure how the CIBIL score would be helpful for the banks to predict anything. Of course, late payments on credit card dues do happen due to one's busy schedule and for the late payment, the banks do charge a hefty amount as penalty. Despite of all this, they mess with this so-called CIBIL score.

Anyways, how would this score guarantee that a person would repay his/her loan?

How can they be sure that a person with good CIBIL score won't commit any problems with repay?

And, the most problem-some part, even if you clear all your dues, the updated score will reflect on your report only after 3 months. What is the reason behind this?

All in all, I still do not understand how credible this CIBIL score is for a bank or for a consumer.
Even I am struggling due to the same issue.
Can you please tell me which bank can be approached for loan in case of CIBIL default.

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    Credit Information Bureau India [CIBIL] Phone
    +91 22 6140 4300 [Helpline]
    +91 22 6638 4600 [Corp Office]
    Credit Information Bureau India [CIBIL] Address
    Hoechst House, 6th Floor, 193 Backbay Reclamation, Nariman Point, Mumbai, Maharashtra, India - 400021