What Should One Do, if there is a Mistake in the CIBIL Report

Typ­i­cal­ly, one checks cred­it report when one’s loan gets reject­ed and the loan provider tells that it is because of some infor­ma­tion on cred­it report.  Mis­takes on a cred­it report can be eas­i­ly cor­rect­ed with the CIBIL’s help. All you need to do is:

a) Pur­chase your CIBIL cred­it report

b) Iden­ti­fy the erro­neous information

c) Pro­vide name, address, date of birth, a Con­trol Num­ber and the nature of the error on the cred­it bureau’s website.

The Con­trol Num­ber is a unique 9‑digit num­ber found on the top right hand side of your CIBIL Cred­it Infor­ma­tion Report and is gen­er­at­ed every time a cred­it report is gen­er­at­ed. It is very impor­tant to pro­vide this num­ber to the bureau, as it helps iden­ti­fy the CIBIL cred­it report on which you would like to ‘dis­pute’ information.

Nor­mal­ly fol­low­ing types of errors are found in ones CIBIL Report & which can be eas­i­ly cor­rect­ed from by tak­ing up the mat­ter with CIBIL

Per­son­al information’s such as Name, Date of Birth Gen­der, Income Tax ID, Pass­port Num­ber, Voter’s ID, Tele­phone Num­bers, Address, State, PIN

Account Details (Loan/Credit Card) Account/ Loan Type, Account Sta­tus, Own­er­ship Type, Date of Last Pay­ment, Date Opened, Date Closed, Sanc­tioned Amount/ High Cred­it, Cur­rent Bal­ance, Amount Over­due, DPD/ Asset Classification

Own­er­ship some accounts show­ing in your CIBIL report may not per­tain to you & you can raise an objec­tion on own­er­ship of the same.

Dupli­cate Accounts a loan/credit card may be show­ing twice/thrice in your CIBIL

If you find any of the above error in your CIBIL report then fol­low the link & get it cor­rect­ed from CIBIL with­in a peri­od of 30 days.