[Resolved] Credit Information Bureau India [CIBIL] — Wrong Analysis of my Credit Score | |||
I received the credit report from Experian Bureau wherein my credit score is 856 and I feel that my score is good as I am not a defaulter of any financial institutions and paying my dues timely and when I applied for home loan at HDFC, they told that your CIBIL score is 764 that's why you are eligible for 7.20% . Because of lower CIBIL score, loan has approved with higher ROI . I want to ask you, why there is large variation in Credit score for same person & why customer penalize ? Because of wrong analysis, I have to bear the loss of 60000/-. Please take suitable action . Was this information helpful? | |||
Aug 9, 2021 Complaint marked as Resolved Credit Information Bureau India [CIBIL] customer support has been notified about the posted complaint. Verified Support Aug 18, 2020 Credit Information Bureau India [CIBIL] Customer Care's response Hi, CIBIL Score is generated by a scoring algorithm which takes into account a large number of data points and macro-level credit trends. Know about CIBIL Score here: https://www.cibil.com/faq/credit-score-and-loan-basics The decision to grant a loan at certain ROI is dependent on the credit policy of the credit institution. TransUnion CIBIL is not involved in the decision. For queries on your CIBIL Score, please write to us on: https://www.cibil.com/contact-us or call us on:[protected]Mon-Fri 10am to 6pm). | |||
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