Few borrowers, including credit card holders, know that their repayment track record is passed on by their bank to a centralised credit information bureau India (Cibil). This data, positive or negative, plays a major role in determining whether a borrower's future loan application gets accepted or rejected.
Unfortunately, unlike in the US or UK, Indian borrowers cannot access this information to verify its authenticity. The status quo may hopefully change soon. A senior banker suggests that Cibil must provide written intimation about a borrower's credit history, or publish it on a website, which an individual could access by paying a token fee.
- Contributed by Vaibhav Agarwal
Unfortunately, unlike in the US or UK, Indian borrowers cannot access this information to verify its authenticity. The status quo may hopefully change soon. A senior banker suggests that Cibil must provide written intimation about a borrower's credit history, or publish it on a website, which an individual could access by paying a token fee.
- Contributed by Vaibhav Agarwal
1 comments:
Hello Sir,
I am facing a lot of problem regarding which i need some expert guidance.
I Ravinder Kumar Budhiraja and my DOB is 09-10-1981 . I have never take credit card from any bank but when apply a loan from bank bank told me that ur name is in CIBIL .and your a/m is 96270 is pending . But I know that I have never ever receive credit card from any bank .So kindly please let me know that how to know the name of the bank it is and to whome should i contact for ..? I have contacted the CIBIl by sending them lots of Email but I don’t think so that they people are in the mood for giving me any support, they just asking me the money and when I raised the issue at Consumer Court http://www.consumercourt.in/personal-loan/12006-defaulter-list-cibil.html they just told that I have a strong reason to drag the Bank to the Consumer Forum .If any one have any idea or faced such issue in past or facing such issue please contact me I need some help in Removing my name from defaulter list and form a group to fight against such agency who are forcefully taking our hard earned money.
Regards
Ravinder
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