Feb 20, 2019
Updated by Prakshanth79 CIBIL services does not have updated details, they wanted the consumer to pay for CIBIL scoring only then the proper information is provided. Looks like a big scam.
I'm also undergoing the same problem, I 've proper records in savings, Credit Cards, and loans those are not reflecting in the score and also one bank Credit card which which was under my wife name and closed with no due balance, do not understand why that reflects under my name. When I tried reaching there CEO Mr. Satish Pillai through LinkedIn, the very next day I got a call from one of there employee and discussed the matter in detailed during 11th Nov 2018.
Told the executive very clearly, and she mentioned that they would get my account update ASAP with all my present bank account details which I shared with them.
But to my vain my problem is still not till date and also there is no update in my account. My profile has been rejected by banks based on this CIBIL score which is completely incorrect. Why does a consumer has to pay any third party to check his financial credit ability.
Why should I pay when my records which are correct that to some third party. Why Banks are based on CIBIL scoring for loans and Credit cards.
Why should a consumer go and tell the bank to update his personal information to CIBIL score.
I feel CIBIL scoring should be banned.