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How to Resolve Cibil Disputes

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We are all quite aware of the significance the cibil score and report in a loan application process. This is why it is absolutely necessary to ensure that our cibil report is in order. It all lies in the smallest of details, based on which our loan application may be approved or rejected. Let us take a look at the disputes raised by individuals, and the procedure to resolve the same. Of course, nothing (except purchasing the report) can be done if your cibil score is lower than what's expected. However, you can have a thorough look in order to understand the reason behind a low credit score, at the same time you can also ensure that there are no errors in the information presented. how to know cibil score A dispute can be raised if: 1. Your personal information such as name, date of birth, pan number or residential address is not entered correctly. 2. Your account information containing data such as previous loan status, date of last payment, outstanding amount and other suc...
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Apply For an Online Credit Report

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Whoever said that a good credit score is equal to money in your pocket has rightly summed up the importance of a good credit score in its totality. Indeed, the importance of credit has multiplied tremendously with the turn of the century. And if it is well connected to the prospect of saving more mullahs, then no one can underestimate one's credit health. Also, it takes a long and tenacious effort to take your credit score to greater heights. Hence, it is inevitable that you take care of it so that it does not come cascading down and spell doom. In India, as per the Credit Information Act of , all the credit history of customers is uploaded onto the credit bureau. The major consumer credit bureaus in India are CIBIL and Equifax whose work is to collect and combine your personal information and financial data from a variety of sources called data furnishers with which the bureaus work in close coordination. These data furnishers fraternity basically consists of creditors, lend...
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Why Your Credit Card Bill Is Important

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Understanding how to read your credit card bill is as important as knowing why it's necessary in the first place. Contrary to popular belief, these convenient plastic cards need not be avoided altogether, however need to be used with certain amount of caution or rather self-control. Let us first try to understand how to read a credit card bill. Here's what you will find in your bill: 1) Your credit card number 2) Your account summary 3) Payment due 4) Balance payment 5) Minimum amount due 6) Available credit limit 7) Applicable interest charges 8) Payment Due Date Account Summary: also known as the statement date. This gives a list of all the purchases you have made using your credit card in the past one month (your bill is generated on a monthly basis). Also, details about where you've swiped your card and how much you've swiped it for will be listed. Payment due:this column will show how much you have yet to pay on your credit card for the curren...
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