Score changes in cibil will get lessor by a week..!

In a recent interview with Livemint, Harshala Chandorkar (chief operating officer), TransUnion Cibil said currently data is submitted and updated two weeks after the month end. Wherein banks and cibil, working together to send the data to the cibil credit bureau within a week of every month end, instead of a fortnight at present.

In 2015, RBI has directed all the banks and NBFCs to become a member of all Credit Institutions Company (CICs) such as CIBIL, Equifax, Experian and High Mark and share all credit data with them.

Central Bank has also asked all the banks and NBFCs to update all credit data every month or shorter interval mutually agreed by both the parties.

We have also heard where there is data, they are prone to erros. So if you find that you’ve some data missing or incorrectly updated in your credit report you can approach Credit 4 Loan, Who has assisted individuals with the required solution to ensure they become tension free again.

What else directly you can do: directly contact cibil, respective banks or NBFCs or banking ombudsmen for the required correction.

Following are important website links:

1.       CIBIL: www.cibil.com

2.       Credit 4 Loan: www.credit4loan.com

3.       RBI: www.rbi.org.in

Some banks and NBFCs website links if required:

1.       HDFC Bank: https://hdfcbank.com/

2.       ICICI Bank: https://www.icicibank.com/

3.       SBI: https://www.onlinesbi.com/

4.       BAJAJ FInserve: http://bajajfinserve.in

5.       DHFL: https://www.dhfl.com/

Above links will help you to get the required help, still if you need any suggestion do write a comment or contact Credit 4 Loan for the same.

Ignorance is not a bliss always, Check Your Score Always.

You spent your whole life in earning and fulfilling day to day task and your family expenses, by paying utility bills to cards and loans EMI (Equated Monthly Instalments). In a nutshell, A normal individual always plans for his/her future and takes a step accordingly.

In financial planning it might like taking a loan for a new car, home loan, personal loan or a gold loan for meeting your needs. Mr. Mukesh also thought the same as he was planned his future so well that till the age of 36 his life was completely sorted. But then slowly and suddenly he started getting problem from everywhere as it said problem will never knock the door before entering your life.

Improve CIBIL Score

Mr. Mukesh got medical problem at his house, he spent all his life saving of almost Rs. 6 lacs, sold his car also. But due to rising cost of medical treatment in India out of option he had to apply for a loan but as we spoke, problem never knock the door, his personal loan application got rejected by his own HDFC Bank, he had a salary account but still got rejected and reason cited was CIBIL Score.

His CIBIL (Credit Information of Bureau India Limited) score was below the expectation banks required. He got to know that almost a decade before he took few loans and credit cards which he didn’t paid well, like few he settled and few were left into written off status. He got worried now what to do..! When he require a loan almost all banks like ICICI, Axis, CITI, Bajaj, State Bank of India, etc rejected his application due to poor cibil score and negative remarks on his cibil report.

After checking his report he tried all means to get rectified by himself but as bad time he was facing, it didn’t help and then he found Credit 4 Loan which is a cibil score improvement advisory firm on the internet. After which he did research about the company and kept his trust on them. Well, bad phase never stays for longer time as Credit 4 Loan has helped him to improve his score and close down all his account. He now got a loan and making his EMI payment on time.

In Order to improve your Credit Score also please Contact "Credit 4 Loan" - “Credit 4 Loan is a company who works with individuals throughout their credit improvement series, In which individuals who suffers rejection on their Home Loan, Personal Loan, Credit Cards, etc. due to their poor credit score & credit report gets help in enhancing their credit score at a level, Where they'll be eligible for their loans & cards at best interest rates in the market."

P.N: This article is presented for education purpose only. Actual situation may vary.