CIBIL — CIBIL rating

Credit rating provided by CIBIL to credit card companies is based on one sided information given by the card companies to CIBIL. It is not verified with the consumer.

In case the consumer is charged extra and he/she complains to the credit card company, they remove the overcharged amount but spoil your credit rating by not stating the reason for rectification but simply reporting the amount as "WRITE-OFF" which is viewed negatively

Vivek Phadke