Shaha Finlease Complaints & Reviews

I would like to know whethet shaha finlease is authorized to close scb credit card balance and issue noc. Kindly confirm and tomorrow i dont want scb to come again saying that i have not paid.

Hi,

When I check my CIBI 2 months back, I was taken by surprise to see an outstanding of 1.17 crore aganisy SHAHA Credit Card. When I checked in Google I see SHAHA takes care of SCB related Credit Cards.

In CIBIL Written off Status shows - Wrtitten Off but there is no change in my cibil score

I have done the full and final settlement of my SCB Account on 29th July 2003

Kindly help me to clear this so that my CIBIL score can be improved. I am attaching my Settlement letter of SCB and the receipt given. Please help.

Regards
Sunil
[protected]

I am shocked to see that SHAHA Fine lease has reported to CIBIL for Rs. 4.69 Crores for Credit Card due of 77, 000 for Standard Chartered for the year 2002. Its 18 year old issue, i had paid partially and settled with SC bank. I do not have any document to prove it now.

Shaha finlease is not co-operating with the statement and wants me to pay 1.42 Lakh for the closure. This is not fair, i need help or suggestion from anyone who had the similar experience . I do see in this forum lot of people are complained against Shaha Finlease. Looks like this is scam. There customer service is not actually customer service it is actually Goonda Service they dont talk professionally and always in the threating tone.

Thanks

Balu KN

I have recently checked my cibil report to realize that there is 1 account reported with late payments and a default from Shaha for 763000 and after a month reported as 14 lakhs on research I found this was a company which acquired standard charted cards in 2010 and have been reporting wrongly to cibil.
I had closed the Stan chart credit card in 2006 and details have been provided to Shaha customer service and the limit on that card was less than a lakh and am surprised now to see how my credit history is affected by wrong reporting with ulterior motives.

I have contacted customer service and provided them the details of the loan closure and they haven't responded, hope the CIBIL record is corrected else I guess we have no choice but to file a complaint in consumer court and seek direction. It's clear this company doesn't follow RBI guidelines and is violating customer rights

I have not taken any credit card or loan from SHAHA FINLEASE PVT LTD but they have shown 9L in my Cibil report.

can someone tell me what is the process of filing a criminal case against this company for updating wrong information against me in Cibil

How can SHAHA FINLEASE PVT LTD update my Cibil without any prof of giving me loan ?

I have read very bad reviews online against SHAHA FINLEASE PVT LTD, are they really a fraud company

How can Cibil accept such fraud transaction ?

If Cibil is accepting such fraud data and updating Cibil report, why cant they take action against such company

Dear Team
I have never taken any credit card from this company and my cibil report shows outstanding above 2 crore
Kindly resolve this issue

This complaint is on behalf of my client mrs. Arvinder kaur bali, who is not technological savvy.

That this institution approached my client through incessant sales and marketing phone calls persuading her to purchase the services provided by your client. Furthermore, on being convinced that your client is true and honest to the services marketed, my client under sales force and persuasion bought their services in the form credit card/loan from scb wherein your client promised her full support and transparency in their services as she had mentioned she is a widow who supports two children and cannot afford to spend exorbitant amount of money on interest and credit cards.

That despite complete honesty from my client, the institution instead of exhibiting humanity, took complete advantage of the situation to victimize a single lady under the garb of improving her credit score and purchase benefits; whereas the said business was being performed with malicious intent and monetary gains.

That my client received the credit card and used the same as per the rules and instructions stated by the institution. Furthermore, my client made all due payments of complete amounts on or before the due date but was still charged interest.

That my client was shocked at being cheated, robbed and extorted by the institution despite her due diligence in monthly payments. Furthermore, when my client made a complaint to the institution regarding the said matter, they continued to evade her calls and instead of returning the unfair and fraudulent interest charged to her to the tune of rs. 1, 00, 000.00/- (Rupees one lakh only), they continued to charge her undue interest. Additionally, they threatened her with abusive language and legal punishment on her failure to make the rest of the payments as per their demands but didn’t provide the lawful resolution.

That my client made all the payment and was awaiting the resolution before making the final two payments, but the clients did not respond.

That despite such forceful and criminal activities by the institution, my client made several calls to them requesting them to return the money charged to her fraudulently and close her account.

That around the year 2002, one of the institutions' representative assured her that she needn’t pay the final two instalments as the bank has made a mistake in charging her interest. Even though your client owed and still owes my client money, my client was happy to close the account and not receive threatening and abusive calls despite not having to receive the deserved refund. Furthermore, the said representative promised to send a closing letter from your client which was never received.

That on calling the institution from the year 2002 to 2003 for the proof of closure of the account, they assured her that everything is under control. But around the year 2006, my client began to receive abusive and threatening calls again by your client. Furthermore, they fraudulently damaged my client’s reputation, loan prospects and her basic right to live by falsely implicating her under cibil. Since then my client hasn’t been able to receive a loan despite her desperate and destitute condition and has been defamed as a fraudster in every bank and illegitimate calls to her family.

That the institution and their representatives instead of having the ethics and shame, have tortured, harassed, defamed and belittled my client beyond measure. Further, the institution/their reps made threatening, extortion and abusive calls on 6th october 2020 in the middle of the dire pandemic, demanding rs. 1, 00, 00, 000.00/- (Rupees one crore only) or more for the service she never used after being cheated and extorted since the year 2002.

Hi,

My CIBIL score shows low because wrong information was captured that I have taken loan or late payment in SHAHA CREDIT CARD.. I have not taken loan or late fees for Rs.243897 .. . In experion the score was captured correctly.

Please kindly check and correct the information.please reach out to me at [protected] if you need some clarity.

Regards
Karthik Jagannathan

My name has been maliciously reported by you to cibil under the overdues and written off category against a very old credit card from scb, for which i am holding a no dues letter from the bank. The same is enclosed for your reference.

In case you do not remove my name from cibil i will be forced to take legal action against your organisation.

I do understand that you have recently reported a sum of rs.3, 72, 026/- to cibil in respect of above referred credit card of standard chartered bank. There was a dispute for rs.11, 446/-, you have reported rs.3, 72, 026/-.

Request you to kindly withdraw the above reporting from cibil immediately or i will have to take appropriate legal action.

With reference to the above card, you have recently reported a sum of rs.67, 78, 372/- as outstanding to cibil. There was a dispute of rs.79, 338/- to standard chartered credit. Request you to kindly remove the reporting of above figure of rs.67, 78, 372/- immediately.

Shaha reported it wrongly on my account which i dont know of .

Dear sir / madam,

I surprised to note that you have reported to cibil on 27.07.2016 as credit card overdue of rs.23, 51, 028/- anf written off of rs.34, 875/- to pan - aatpl1108m of mr. S. Lokesh as the same not related to me and the same affecting my cibil score badly.

Please find attached cibil report showing the above details for your reference.

I therefore request you to kindly take appropriate action to report cibil immediately to delete the entry of credit card a/c [protected] without any prejudice failing which i am forced to seek legal remedy at appropriate authorities.

Regards
S lokesh

I had subscribed to cibil report on 02.07.2020 and i am surprised to note that you have reported to cibil on 27.09.2018 as overdue amount of rs.1, 19, 29, 905/- and written off principal amount of rs.39988/-, which does not belongs to me.

I had never taken a credit card from shaha and had it written off/ defaulted. More surprisingly, against written off principal amount of rupees thirty nine thousand nine hundred and eighty eight, the overdue amount is, rupees one crore nineteen lakhs twenty nine thousand nine hundred and five.

I, therefore, request you to kindly look into the matter and take appropriate action to report cibil immediately to delete the entry of credit card a/c without any prejudice.

Dear Sir / Madam,

I surprised to note that you have reported to CIBIL on 27.08.2013 as Overdue of Rs.1, 90, 788/- anf written off principal of Rs.61, 394/- to PAN - ABQPV8227K of Mr. G. Venkatasubramaniyan as the same not related to me and the same affecting my CIBIL score badly.

Please find attached Page No.8 of CIBIL Report showing the above details for your reference.

I therefore request you to kindly take appropriate action to report CIBIL immediately to delete the entry of Credit Card A/c [protected] without any prejudice failing which I am forced to seek legal remedy at appropriate authorities.

Regards

🙏PMJF LION G VENKATASUBRAMANIYAN 🙏
MOBILE: +91-[protected]
e-Mail: [protected]@gmail.com / [protected]@gmail.com

Letter no. Masc38237
Customer no.[protected]

Dear sir,
Am suresh tn. From chennai, tamilnad, i settled the following account [protected]/[protected]/[protected] for an amount 17, 000/- 22 august, 2019 but still i find my name is reflecting in cibill. I kindly request you to clear my name. My email id [protected]@gmail.com phone [protected]. Regarding this i tried to contact ms. Vidhya her phone number [protected] but her number not working, kindly request you to do the needful and remove my name form cibil and confirm me through my mail regarding your action.

In reference to my cibil report iam stating that i am over due in credit card to shaha but i never approached shaha nor they approached me. How can shaha show overdue in credit card. This issue already i posted to cibil they are also making regular fallowup.
Sir, as per my cibil report i didn't take any credit card from your institution. Earlier i had a standard chartered card that has been closed a have a closed letter. Plz i request you to look into the above matter and remove the over due amount from cibil.

Sir, K M Manjunatha. I had credit card of Standard Chartered Bank, Credit card. In fact we had financial problem, some how we have paid all the amount settled during 2000 only.

But in CIBIL report you r showing a dur of more than Rs. 2.00 crore. It’s affecting my CIBIL score.

I request to take the proper action to remove the same & help me.

My father was using standard chartered bank credit card. As it was in 1998 my father is unable to collect the exact limit, but it was around 16000. My father used card, cleared all the debt and spoked to bank person to closed the card. As per my conversation on call with neha from shaha finlease customer care (Dated 22 jan 2020, 12:51pm recording is saved – she was unable to take proper name of shaha finlease, is it a joke that employee...

My father was using standard chartered bank credit card. As it was in 1998 my father is unable to collect the exact limit, but it was around 16000. My father used card, cleared all the debt and spoked to bank person to closed the card. As per my conversation on call with neha from shaha finlease customer care (Dated 22 jan 2020, 12:51pm recording is saved – she was unable to take proper name of shaha finlease, is it a joke that employee is unbale to take proper name of company where she is working).
Neha from shaha finlease and his manager says “ in 2010, standard chartered bank has given rights to shaha finlease have rights to recover debt from my dad.” wherein in the year 1988 (Clearly told the year 1988, recording is also there) my dad took card standard chartered bank credit card, my dad swiped and write off amount in 1998 inr 23, 504. Inr 3, 16, 09, 952 current outstanding, putting penalties and interest on inr 23, 504. They have been harassing my dad, every alternative day every after 2 days. I spoke to standard chartered they say that they have not given any such thing to any 1.
Neha and receptionist from shaha finlease says that in 2010 rbi has given the rights to shaha finlease to recover some standard chartered debt from my dad.
I visited the website of shaha finlease, it says that
“your connection is not private
Attackers might be trying to steal your information from www.shahafinlease.com (For example, passwords, messages, or credit cards).”