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CIBIL Report Online – Get your credit score in your email

by Manish Chauhan · 1,320 comments

This article will teach you how to apply for your cibil report online . Some months back, I had written an article on CIBIL report which was well taken. A lot of readers applied for CIBIL score and were shocked to see their CIBIL report was messed up because of some past sin committed in area of credit card, home loans, personal loans. A lot of you applied for CIBIL report which took some time, energy and lot of commitment, but majority of readers didn’t take any action and just told themselves “I will apply soon” .. that “soon” never happened and seems like CIBIL heard your prayers. CIBIL scores are now available online. Fill a form and make the online payment in 10 minutes, authenticate some questions and get your CIBIL score online in your email in next 4 days ! . I applied for my personal CIBIL score and I got it in just 2 days in my email . My score was 835 ! . yippee !

Procedure to get your CIBIL report online

Note that you can only get your CIBIL TransUnion Score (Including CIR) by paying Rs 450. You cant get CIR alone .

1. Fill up the online form

The first step is to fill up a form online here . It asks Name, address, Phone details along with Identity and address proof. At the end it would ask your Loan account number (credit card number in case of credit card) . Make sure you fill up the form correctly and also double-check that you are putting correct address, identity proof related number like PAN number , Passport number etc. Once you are done with this step, you move to step two, which is payment online.

CIBIL Report online

2. Make an online Payment

Once you have filled up the form, and click on “Make Payment” button, you will be redirected to the payment gateway where you can make the payment of Rs 450 by credit card, NetBanking or other ways . I would suggest making a payment using net banking , because I used credit card option myself two times and it failed , but with Net banking option, I didn’t face any issue.

Make sure you do not close the page after making the payment, it will redirect you to a CIBIL page where the 3rd step will be performed. Note that before you move to 3rd step , you will get an IDENTIFICATION ID number , please make sure you note it down properly.

Tip : The reason why we keep getting transaction failures (with payments getting deducted) is because of the way the CIBIL website handles cookies. Its always better to clear off everything in your browser before attempting to pay for your report. I found this the hard way after my payments were deducted a couple of times (1 refunded and 1 waiting for refund). Thanks to Vijay for this finding

3. Authentication

Now from security point of view, now you will have to answer 3 questions which would be related to your credit history. Once you answer these questions, your authentication will be successful and you will get your CIBIL score card in your email in next 4 days. You will get this message once authentication is successful

We will e-mail your CIBIL TransUnion Score (Including CIR) within 4 business days*. The On-Line Payment Confirmation is emailed for your record. For any queries on the status of your request, you can write to us with your Transaction Id at info@cibil.com after 4 business days.

You will get a receipt of payment which you can print right away and you will also get an email with PDF copy of your payment and other details.

What if authentication fails ?

Incase the authentication step fails while applying for cibil report online, don’t worry .. all you need to do is take the print out of the payment receipt (you get it in email also) , self attested photo copies of the required documents (identity and address proof) which you had put in the form in the start , and send it to CIBIL address. You should get back your CIBIL score in next 10 days.

Documents Required & CIBIL address

1. Online Payment Confirmation
2. Identity Proof – PAN / Passport / Voter’s id (Identity proof should be valid and not expired)
3. Address Proof – Bank Statement / Electricity Bill / Telephone Bill / Passport / Credit Card Statement (Address proof should be not more than 3 months from the date of application and should be in your name)

Address

Consumer Relations – Disclosure Request,
Credit Information Bureau (India) Limited, Hoechst House, 6th Floor, 193,
Backbay Reclamation, Nariman Point, Mumbai 400 021.

Data Security ?

While CIBIL says that the whole process to apply for cibil report online is secure and there has been rigorous testing, I personally realised that it’s not 100% secure. First the email id where you want to order the CIBIL score can be any email id , all i need to know is your important documents numbers and your credit history and some numbers , which I feel a lot of people share with their close friends and relatives sometimes . So the real security would happen when you do not disclose your credit related data to anyone .

In last few months we have seen that there have been many complaints from hundreds of people on how they could not get a loan because of their low CIBIL score or some bad past record . Banks are seriously looking at these scores now and make sure you at least have a look at your CIBIL score once . So if you have any credit card or loan , you should apply for CIBIL score and have a look at it.

Try out ordering your CIBIL report online and let me know if you were successful or not . Also share your experience with CIBIL in comments section.

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{ 1320 comments… read them below or add one }

1 Harsha December 15, 2011 at 9:44 am

Hi Manish,

Couldnt be more appealing, will apply to find out!
Thanx much for all the details :)

Rgds,
Harsha.

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2 Manish Chauhan December 15, 2011 at 2:42 pm

Harsha

Great .. why didnt you order for your CIBIL score last time ? Do you have a credict card or any other loan ?

Manish

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3 Harsha December 15, 2011 at 2:46 pm

I had a loan which I cleared 5 years ago, I was trying to find a/c number of the same, I guess I might have to dig deep into my papers to fetch it.
Otherwise I dont have a Loan right now neither a credit card..! so I guess I mightn’t be able to do this oneline…

Rgds,
Harsha.

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4 Manish Chauhan December 15, 2011 at 3:08 pm

Harsha

Find it out .. you will have a number for that loan for sure and your CIBIL score will surely be there. . Many a times there can be mistake in CIBIL score so better confirm that things are good

Manish

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5 Neelam S. April 23, 2012 at 6:36 pm

Hi Manish
My company deposited my TDS on incorrect PAN number since I joined them in Jan 2011 & thus it dint reflect in my Form 26AS. Now that I have received a letter from IT dept. claimin interest u/s 234 A B C
can I claim the interest amount from the company?

Thanks
Neelam

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6 Manish Chauhan April 23, 2012 at 6:49 pm

Neelam

I really doubt they will give it to you . Its a manual error and they will just say sorry ! , but they should be giving you the money if you had given a correct PAN to them and they made a mistake , but if you gave them incorrect PAN , then they are bound to give it to you , contact your companies finance department

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7 Dhananjay December 20, 2011 at 2:13 pm

Please dont apply to CIBIL for ur credit score. the company services are pathetic. they do false commitments. they charge 450 rupees for ur score and will never send you ur score. they also dont have refund policy. customer care is very bad. they will never give you ur status or reason for not sending ur reports but only keep u waiting…. think 100 times before applying. this company is cheat. its mangemnt is cheat.

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8 Manish Chauhan December 20, 2011 at 5:38 pm

Dhananjay

Can you share in detail about your bad experience. I applied online and I got my score in 2 days without any complications . there are no mistakes in my CIBIL score

Manish

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9 Pankaj January 4, 2012 at 5:03 pm

@ Dhananjay / Manish,

Good to read that online CIR is available and its faster than offline.

As I applied for CIBIL – CIR thru Offline mode on Jan 28, 2011 and got the CIBIL report on Aug 15, 2011 after a lapse of 7 months. CIBIL Customer care support thru call center / email is pathetic and I got the report after escalating my complaint to Senior Officials of CIBIL. :(

Regards,
Pankaj

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10 Manish Chauhan January 5, 2012 at 11:45 am

Pankaj

Thats sad to hear … I got my CIBIL report in just 2 days in my email , without uploading any docs and in just 10 min :)

Manish

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11 Muthu Krishnan V January 8, 2012 at 11:09 am

hi manish, nice to see that you got your cibil report in 2 days :). very anxious to know your score :). That would be a benchmark for people to attain.

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12 Manish Chauhan January 9, 2012 at 10:39 am

Muthu

My Score was 835 .. but there are many readers who got more than that .. any score above 750 is very good .. above 800 is superb

Manish

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13 K S Balaji February 27, 2012 at 8:46 am

Manish

No doubt you have a clear name in CIBIL, hence you got your good score in less time, this does not happen to everyone. Defaults in credit cards or settlements of the defaults in credit cards is not taken lightly by CIBIL, they keep your name in the defaulters database for 3 years and it is not deleted. Meanwhile, you apply for a loan and CIBIL is referred, you get a bad score and your loan is denied. The ordeal starts here, you show your default and settlement details to the lender who will try to find out from CIBIL again and if you are lucky, you will get a go ahead from the lender.

CIBIL is supposed to be a watchdog for lenders to keep of the defaulters but it looks like they have literally become the pawns of the multinational credit card companies, and these Banks/institutions have a tool in their hand to harass the common man.

For example, a person who has cleared his defaults end up getting a loan once he proves his credentials but the loan may not be as good as what others get, there will be too many conditions imposed by the lenders. If there was not default and you have a clean image in CIBIL, you get a better deal from the lenders. To put in simple terms, a person who has served a sentence in jail is not treated as a common man anymore, hope you get my point…

Like KYC, CIBIL services should be free, for detailed reports, they can charge. CIBIL is turning out to be a bane instead of a boon for the common man…

Regards

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14 Manish Chauhan February 27, 2012 at 8:07 pm

KS Balaji

Yes .. thats exactly how this credit card thing works ? The onus lies on the investor on making sure that he does not messes up . I think even in general life it works like this . If some one will betray you , no one will trust him from next time or will pay caution to him . Whats wrong in that ?

Manish

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15 K S Balaji February 27, 2012 at 9:00 am

Manish

I forgot to mention one important point. Most of us know what happens if one defaults in credit card payments.

As per RBI guidelines, any defaulter of card payments can be approached for recoveries only upto a maximum of 180 days after which the defaulted amount has to written of (considering it a NPA). Due to this strict order, Banks have all the reason to harass the defaulters to the max during this period. We will not discuss the legal recourse for such cases as it is a separate subject by itself.

Now it is the turn of the Banks to make a formal complaint to CIBIL with the default details. Now if the defaulter plans to take any financial facility for any institution or Bank, he is reffered to CIBIL, the facility is denied.

Now the defaulter has two options, one to drop the idea of going in for a loan or two, try to settle his defaults. This is where the credit card companies have an upper hand by using CIBIL. Now tell me, was CIBIL set up for this purpose ?

On one hand RBI protects the defaulter, on the other hand, the same RBI sets up an institution to harass the same defaulter when he comes back for one more round of loans…

Regards

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16 K S Balaji February 27, 2012 at 9:07 am

Manish

I will bother you once more.

I or you or others never agreed to enroll in an institution like CIBIL. It was set up by the finance sector for their internal verification purposes. When this is the purpose for which it was setup, how can they charge us for giving a credit report ? Who are they to do the credit ratings for us ? On what basis do they do the scoring ? Is the process transparent ?

Do you have any idea on the above, please share them if you have…

Regards

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17 Manish Chauhan February 27, 2012 at 8:11 pm

KS Balaji

CIBIL was never created to give customers reports to end users , its only for internal purpose . So you are not liable to get the score . because of the huge demand from public they started giving it . Now its their decision as an institution if they want to charge it or not . Its our decision if we want to pay and get it or not get it at all .

In US , you dont have to pay for your credit score once in a year.. but India is far behind and it will take some time for that to happen in India !

18 Dhaval October 23, 2012 at 3:15 pm

My CIBIL score was 522 when i applied for the loan of SBI Car loan , i got the loan of 5 90 000 , without any problem the bank manager help me to clear my loan which i have taken in 2008 from Icici bank and the due amount was 3400 . , i was surprise that my laon get clear in 24 hrs …

19 Manish Chauhan February 27, 2012 at 8:09 pm

KS Balaji

Actually CIBIL was setup up to collect data of each and every one (defaulters and non-defaulters) so that banks can access that data and take decision weather to lend him or not . CIBIL was not made by RBI , its just governed and is registered under RBI .

Manish

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20 Vijayakumar Samuel August 6, 2012 at 5:37 pm

KS Balaji is right CIBIL is more of a threatening weapon made by USA against the Indian public. You get reported without your knowledge, without concurrence, and for all the wrong reasons nobody counter checks with you.It is created as a weapon not for prompt payment but for killing the good intentions of Indian public at large.It will neither help the Bank which uses the report nor the Borrower who has been branded as a bad credit(How they arrive at it?? -You dont give in to the mischievous charges of the MNC card companies) So its a fraud on the Indian public Indian Banks have no Brains they swallow what is given by USA and follow suit.

21 Ravi August 6, 2013 at 9:57 pm

Hi Manish:

Am not sure if the Banks are doing right thing referring to CIBIL for Loan or Credit Card Approval. Why because back in a day (2006) i use to have 2 Credit Cards and my salary was just 12K p/m and not sufficient to pay the dues, so i was put in defaulters list and later they called it written of 900 days, Now am earning like 90K p/m and recently i have applied for Credit card but they rejected it stating the same old statement. and my Cibil score is 596.

Thanks
Ravinder.

22 Santosh Prasad March 9, 2012 at 10:53 pm

Manish,
I got my cibil report and score within 2 days, delivered to my email ID. My score is 806.

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23 Manish Chauhan March 10, 2012 at 1:08 pm

Santosh

Thats a good score :)

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24 Rahaman August 17, 2013 at 1:52 am

Recently I got my credit card rejection from Citibank & was very surprised. So, while doing research on what could be the reason I came across CIBIL report, which I did not know earlier. And the best part of your blog is whenever I need to find some info on any financial topic, I do google & I see there is already a blog available from you. Awesome guys :):)

Anyway the CIBIL report now comes immediately in your email after making the payment, it happened to me today. I was little disappointed with score of 834but then saw your score of 835 so happy now. I have few questions if you could please find some time to answer
– I see wrong passport info is being shown in my CIBIL report. I know these infos are being provided by lenders, but I don’t know who provided that wrong info?
– In some of my account report, it shows XXX which means bank did not report the data to CIBIL. Is this the reason for my score not more than 834? If I have a score 834/900 there must be reason, but I am unable to find it. Any clue?
– I see there is a Credit card on my name from Citibank way back in 2007 & that is closed also in 2009. No current balance,nothing. I do not remember ever applying for Citi credit card before, even checked all my email addresses,no reference. Not sure how it came there? Can anyone apply on behalf of me? Should I check with CIBIL for further details?

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25 Manish Chauhan August 21, 2013 at 1:34 pm

834 is awesome score.

1. Track it with CIBIL and check on this . Get it corrected on their side

2. yes XXX means not reported. Check with bank on why it was not reported , It may happen that there was nothing to report !

3. Again , check with CIBIL only, check with CITI bank also , there might be identity theft on this .

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26 Anna July 10, 2012 at 4:28 pm

Hi how long does CIBIL hold the defaulter information?

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27 Manish Chauhan July 10, 2012 at 7:10 pm

Min 7 yrs .. max not defined !

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28 AKBAR ABDUL HAMEED February 18, 2012 at 9:29 pm

I applied online to get CIBIL score and I got my score in the next day without any difficulties. I think that CIBIL improved its service quality. I request you to send e-mail to CIBIL about your problem. Please Think always positively.

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29 Manish Chauhan February 19, 2012 at 1:07 pm

Good to know that you got your score very fast

manish

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30 AKBAR ABDUL HAMEED February 19, 2012 at 5:18 pm

My CIBIL Score was 777. How the financial companies treat this score? ( average/good/to improve more) . Plz reply.

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31 Rakesh kumar sinha March 17, 2012 at 12:04 pm

I agree with you, manish. i also got the same in two days.

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32 Manish Chauhan March 17, 2012 at 12:58 pm

Good to hear that .. what was your score ?

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33 amarnath April 9, 2012 at 7:22 pm

U must have bad experience but thats not true. I have applied and got CIR report within 2 days.

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34 Neelam S March 19, 2012 at 1:25 pm

Hi MAnish

Got my credit score & its 857!!
i Belive thats a gud one…
I haven’t received the credit report on my mail id tho.
Is there anyway I can goto CIBIL website & get it?

Thanks

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35 Manish Chauhan March 19, 2012 at 7:43 pm

857 is the exceptional score , never heard about such a high one :) . WHy do you want to check it again when you know it , from where did you get this score ?

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36 neelz May 4, 2012 at 11:42 am

I got a sms on my mob & later eve got a mail from CIBIL..cool isn’t it!! :)
Manish, just wanted to know from you if you could advice or help on any matters related to fraud by developers. I am at a receiving end of a hopeless developer who is blatently duping customers & is taking the innocent common man for a ride since he knows he has nothing to fear due to his political connections. Want to teach him a lesson of his life.
Pls guide on using the consumer distress redressal forum.
Thanks
Neelam

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37 Manish Chauhan May 4, 2012 at 5:03 pm

Neelz

Sadly , there are no regulations , but there are some solutions, better talk on the forum about this point : http://www.jagoinvestor.com/forum

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38 Anshuk Jain December 15, 2011 at 9:58 am

Thanks for reminding us of this. I have just applied successfully. I will now wait for 4 days.

Now that everything is online, they should not charge us any money. As an example, in USA, the credit report is free once every year from all the 3 agencies. You have to pay for the score though..
This should ideally come under RTI which is free.. but I am going on a tangent here.

I will update you once I get my report.

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39 Manish Chauhan December 15, 2011 at 2:43 pm

Anshuk

I agree with you … knowing your credit score should not cost any money .. But this whole thing is at a nascent stage in India right now.. so it will take time to make it free for all

Manish

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40 Anshuk Jain December 22, 2011 at 11:35 am

Got the report. 849 is the score. Only had 2 credit cards in my whole life. No loans.

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41 Manish Chauhan December 22, 2011 at 11:42 am

Anshuk

Thats excellent score .. any bank will give you loan easily , You can even ask to a little lower rate to them. Just make sure you that at no point in time you mess up your score :)

Manish

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42 Ashish November 4, 2013 at 10:36 pm

Hi,
Manish Chauhan today I have got may cibil score that is 729 could I get any credit card from any bank. Fact is that earlier I was defaulter with bajaj but I paid them more than i owe to them and one more thing my score in july 608 but now as I mentioned 729 it seems that it is increasing because of my secuer card form icici.

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43 Manish Chauhan November 12, 2013 at 9:18 pm

“You paid more that you owed” – that does not mean anything . The point is have you paid all the OUTSTANDING or not ? YES Or NO . was there anything pending or not ? If yes, then it might be increasing in your card . Have you looked at the remarks of your credit report !

Manish

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44 Ashish November 14, 2013 at 12:32 am

Yes Manish I paid all of my outstanding to them nothing is due on me now my cibil status showing blank earlier there was mentioned write off. can I get loan or any card? or I should wait for some more time.

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45 Manish Chauhan November 14, 2013 at 2:19 pm

Its good that now its CLEAR . But that does not mean that you will get the loan right away . Whats your score overall ? And what are there other remarks or DPD section in your report . Read more about DPD section here – http://www.jagoinvestor.com/2013/01/days-past-due-dpd-meaning-cibil-report.html

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46 ashish November 14, 2013 at 11:44 pm

hi from bajaj i did default for some reason but i paid them every thing off and purchased cibil in june 13 and I purchased now but my dpd status showing same after 02/13 there is nothig every data is old here but reported date is different i do not under stand that why? you explained every 36 months it should change, can you explain why it it is so?

DPD/AC
000 XXX 900 XXX 900 900 900
02-13 01-13 12-12 11-12 10-12 09-12 08-12

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47 Credexpert December 7, 2013 at 12:38 pm

Dear Ashish,

In case of open accounts, the payment history reported in the DPD section of 36 months would change with each passing month. In case of closed accounts, due to lack of any new credit activities, the payment history does not change with each passing month.

Since, you have repaid the complete outstanding amount against an account you had been defaulting on, the DPDs reflecting are of the past. These would stay on your report since it represents your credit behaviour in the past and there is no new activity to be reported.

Regards,
Credexpert
http://www.credexpert.in

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48 Kalyani December 15, 2011 at 10:17 am

thanks for posting this Manish… reg the loan a/c numbers and credit card, I dont have any loan currently (although i did pre-close one last year). Also my credit cards are an add-on card of my husbands… Do you think it is required to enter these two details for a valid CIBIL score?? your response wud be highly appreciated !

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49 Anshuk Jain December 15, 2011 at 10:23 am

same is the problem with my wife. You can try putting the pre-closed loan number..

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50 Manish Chauhan December 15, 2011 at 2:45 pm

Kalyani

In that case put the credit card of your Husband , that will give you the cibil score .. note that the score is for a person , not for his different loans , so your husband will have 1 score , not different scores for different kind of loans .

Once you apply for your husband card , then try to get one for yourself , with same credit card number ..

Manish

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51 neelam sonawan January 20, 2012 at 9:20 pm

Hi manish, read your articles on CIBIL and now am more worried than what I was some time back :(
I had availed for a home loan frmm sbi of around 24L in jan2010..
And had opted for ECS for making monthly EMI payments from HDFC
Until nov 2010 all was fine n my EMIs were getting deducted regularly from hdfc
Since everything was going smooth I did not pay heed to the monthly payments assuminng everything is going fine..
Yesterday I got a call from sbi claiming (to my horror!!!) that I haven’t made payments since nov 2010!!
I have around 1.5L in hdfc n thus no reason of insufficient funds..
Also sbi never contacted earlier for default of payment…
Will be visiting the bank tomorrow to find out details
But before that needed to know a couple of things:-
– Incase no intimation is sent can the bank still penalise me for defaulting payments
– I will make immediate payment of the entire outstanding amount tomorrow but can that help me change my CIBIL score (which btw I havent checked n hope is not in bad shape)
– What is the general rule for penalty incase payments are defaulted

Please guide with whatever info u can.

Thanks
Neelam

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52 Manish Chauhan January 20, 2012 at 9:51 pm

Neelam

Yes it can effect your CIBIL score , even though they didnt intimate you , it was also your responsibility to check if things are going fine . Anyways .. first check your Score

Dont worry too much right now .. see the scenario tomm .. even if there was any reduction in score , it will get fine in few months if things are sorted out

Manish

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53 Neelam S March 19, 2012 at 3:29 pm

Hey Manish

Got the mess checked with SBI & got it al sorted :)
wat had hpnd is d bank had taken PDCs from me until nov’10 & after the PDCs were over they did not intimate me for further payments.
Altho I was at fault for not realizing it, but SBI also agreed that this was a common issue from their side of not following through for payments after PDCs.
This guy I was dealing with at SBI was really vry helpful & guided me well.
I also asked him if he had updated my CIBIL record of default payment :-/
To which he told me he hadn’t :)..he said that why I called you to understand the problem before updating!
Now I ensure I make my EMI paymnt on the 1st of each month…w/o fail! :)

Thanks for this wonderful & informative site Manish!!..

Neelam

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54 C Subramanian January 21, 2012 at 10:03 am

The banks have no liability to inform you when u miss your payment. Thank God that SBI has informed. If it was ICICI it would have been a different story. U may have never repaid ur loan. With Home and Car loans always check:
1) Whether payment is made monthly thru PPcheq / ECS / Cash. Have all ur pass book with u till loan is done with.
2) Keep asking for payment history / statement. ICICI proveides free of cost if U request thru phone banking.
3) When u miss a payment pay all the outstanding including all penal interest till that date and get a statement issued for the principal outstanding and EMI. Else u may have problem when U terminate the loan.
4) Banks do not have obligation to inform u even when they reset ur interest rate. So U may be paying EMI without default, but loan period will be extended. Keep visiting the bank branches or thru I’net. Most of the banks give access to loan account thru I’net.

Do not overtly worry. It is a learning.

Subbu

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55 Amal Gupta July 30, 2012 at 2:44 pm

Hi Subra

I had a similar issue with ICICI. When they approached me, after the clarifications, they issued me an apology letter and also fixed/updated CIBIL records.

I am holding ICICI home loan and it’s not that bad.

Regards
-Amal

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56 KRANTI November 5, 2012 at 11:11 pm

Rightly said sir.

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57 KRANTI November 5, 2012 at 11:12 pm

rightly said.

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58 Yusuf December 15, 2011 at 12:16 pm

The 5 authentication questions for me were absolute non-sense and irrelevant. Couldn’t answer any of them correctly. Have sent them the documents by snail mail. Lets see

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59 Manish Chauhan December 15, 2011 at 1:21 pm

Yusuf

Can you share what kind of questions were asked without revealing sensitive info ?

Manish

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60 Yusuf December 15, 2011 at 1:41 pm

Manish,

1Q: They gave 5 banks and 5 credit card numbers (last 4 digits). I have to selected correct info in both the coloums
(I found my bank there but digits were all incorrect)

2Q: One question was regarding loans taken from banks
(I have no loans and there was no “others” or “None” option)

3Q: 5 loan account numbers were given, I have to selected the correct one

4Q Regarding car loan

Overall I found the questions to be irrelevant and got most of them wrong. Waiting for the score to arrive now.

I would suggest that you gather all your credit cards, loan account statements and other details before taking the authentication test

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61 Anshuk Jain December 15, 2011 at 1:43 pm

I was given only 3 questions.. maybe they increase the number in case of wrong answers..

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62 Manish Chauhan December 15, 2011 at 2:48 pm

Anshuk

Yes .. they ask total 5 questions .. but only 3 are to be answered . If you answer all of them wrongly .. then the authentication is considered UNSUCCESSFUL and then you need to send the payment reciept and other docs by mail to them

Manish

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63 Manish Chauhan December 15, 2011 at 2:51 pm

Yusuf

Yea .. i think because this online thing is new , they are not fully prepared to cover each and every person case .. and end result is that you need to send the docs by couriers .. though it frustrates .. see the end result that finally it will come to you .. so what if little inconvinience !

Manish

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64 Yusuf December 15, 2011 at 4:16 pm

Manish,

You are right, its worth it anyday over making a DD wasting an hour of your life and sending it.

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65 Yusuf December 27, 2011 at 3:07 pm

Got my CIBIL score today. It is 807.

Now the surprising bit. I had a salary account in Kotak bank in 2009-10. They made 4 enquiry of my credit score of Rs 100 each (enquiry amount). 3 credit card and 1 personal loan.

I have never applied for any. Has this affected my score ?

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66 Sam December 15, 2011 at 12:35 pm

I am currently applying for a personal loan and was told by the bank that CIBIL inquiry can be done maximum 3 times in 6 months – by all banks and institutions where you are applying for a loan. They wanted me to authorize them to generate a report so that they could check my score and offer a deal accordingly.

Not sure if such a limit applies if you generate report by yourself as proposed here. The CIBIL FAQs dont seem to imply that there is a limit, though I only skimmed through them.

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67 Manish Chauhan December 15, 2011 at 1:19 pm

Sam

I am not aware of any limits like those .. but it might be true .. I think you should yourself apply for CIBIL score and let them know about it .. dont give your credentials

Manish

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68 Raju December 15, 2011 at 12:52 pm

Thanks Manish,
Very Useful info.

regards,
Raju

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69 Manish Chauhan December 15, 2011 at 12:59 pm

Raju

thanks , have you ordered your CIBIL score or not ? Do you hold a credit card or any loan ?

Manish

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70 Neeraj Vashisht December 15, 2011 at 1:30 pm

Hi Manish

I had Citibank MTV card 6 years back in Mumbai, which had 100 rs as annual fees, however I never used it and never get renewed it after first year and never got any mail regarding this. Then I moved to Noida. Finally, I broke the card into pieces and I also did not remember the card number. Does the CIBIL gives the info based on PAN number.

Regards
Neeraj Vashisht

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71 Manish Chauhan December 15, 2011 at 2:53 pm

Neeraj

no , i dont think so that you will get your score by only PAN , because I can also put your PAN and get the score at my email .

You should dig down your emails , papers etc and try to find out the CC number .. if not, then try to call MTV customer care and try to get your CC details from there ..

Manish

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72 Anshuk Jain December 15, 2011 at 2:55 pm

The form does say that the CC and loan account numbers are optional.. Are we required to keep PAN secret?

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73 Manish Chauhan December 15, 2011 at 3:01 pm

Anshuk

I just realised this , CC and LOAN ACCOUNT numbers are really optional , PAN should not be secret , but I think this kind of mechanism makes your score less secure because if I know your PAN , I can then order your CIBIL score .. almost all the other info are not that much secure

Manish

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74 raju December 22, 2011 at 11:45 am

Thanks Manish,

Got the CIBIL score of 789.
I had only 1 Credit card and personal loan running..but has cancelled 3 credit cards earlier, the lack of usefulness/advantages compare to the existing card….
Had never done a delayed payment..except the case of cancellation of the cards due the lack of promised features while taking card.

How to improve this rating..any ideas/suggestions..

Or is this rate OK for future loans…
Is there any criterion(range of score) for banks to sanction loans with different interest rates for different scores?

Regards,
Raju

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75 Manish Chauhan December 22, 2011 at 7:10 pm

Raju

More than 80% of the loans sanctioned had a score of more than 750+ . You will have to keep paying your dues on time and over time your score will get better

Manish

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76 Sanghmitra December 15, 2011 at 1:02 pm

Hi Manish,

Know it’s irrelevant to ask in this topic but,
Apart from credit card, home loans, personal loan are there any other liabilities which CIBIL counts?
Like phone etc. bills..

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77 Manish Chauhan December 15, 2011 at 1:17 pm

Sanghmitra

Right now CIBIL only tracks your loans as its a credit rating agency . But I have heard that some other institutions are now tracking your bill payments track record also .. better safe than sorry .. keep paying your bills on time

Manish

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78 KRANTI November 5, 2012 at 11:16 pm

Post-Paid connections are tracked.

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79 Gopi Krishna December 15, 2011 at 1:22 pm

Finally..I had applied for the CIBIL report. Was thinking of applying for past 3-4 months when my new credit card application got rejected for no reason, I think as i hole a salary account and loans with them.

Thanks for the update and was able to apply within minutes and I will wait and see what surprises are there for me in the Report.

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80 Manish Chauhan December 15, 2011 at 2:54 pm

Gopi

Good to hear that .. let us know what was your score and when it arrives .. even I am waiting for my own score .. I applied for it just before writing the article :)

Manish

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81 Gopi Krishna December 27, 2011 at 8:42 pm

Hi

I got my Report. I was surprised to learn my credit score was 548.

Initially in 2005 when i got job was facinated on credit cards and used them correctly(played a lot like balance transfers and all payments done on time. Never missed my dates)

Later I stopped using them and now all of them are shown as Written off status.

I am not sure How to increase my credit score now.
I already have 2 CC and a PL running.

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82 Gopi Krishna December 27, 2011 at 8:45 pm

And also my first name is completly misspeld. Does this cause any problem

And report says that Employment Information as ‘Credit Card’ What does this mean?

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83 Manish Chauhan December 28, 2011 at 10:00 am

Gopi

You should contact to CIBIL customer care and ask them to rectify it .

Manish

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84 zaffer June 6, 2012 at 2:08 pm

Hi Manish,

My name is zaffer,i am from chennai. I have applied for some loans in the past where it got rejected by few banks. I applied for the cibil report now,where i got a cibil score of just 604. It is becos i defaulted paying a credit card from HDFC since 2008. The outstanding mentioned amount there is 23,990. If i pay that amont in a single shot to them,is it possible for the score to go high and approx if all transactions i make is smooth and good,how long will it take for me to reach a good cibil score and i could avail any sort of loans or financial aids. Please help me in this issue,what could be done. If i repay it now,and after 6 months if the score becomes good, wil banks provide loans for me or they will reject becos of my default.

Alos i want to ask, the status there menioned is written off. If i repay the amoun,what status will it be updated. they are saying.they will give me the NOC to me after clearing my dues.

Even if not in the near future, will i be able to avail any loans in the future say after 1 or 2 yrs ,if my transcations are good and without default.

Thanks in advance,
Zaffer

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85 Manish Chauhan June 6, 2012 at 6:10 pm

You need to pay off the outstanding, that is the first step , but that will not take your score up a lot , for tht you will have to keep showing your repayment capability for 8-10 months .

In some years when your score goes up and your report is clean, then you can get a loan

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86 Manish Chauhan December 28, 2011 at 10:01 am

Gopi

I am not sure what you mean by “Stopped” using them .. do you mean that you surrendered it or kept the card and didnt use it .. because it might happen that there was some yearly charges to be paid , but you never paid them .. ask your BANK if there is any thing outstanding and ask CIBIL what it means , check with their customer care

Manish

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87 Raghavendra December 15, 2011 at 1:34 pm

Why is my credit score not free for me. The company is already making money by selling the report to third party.

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88 Manish Chauhan December 15, 2011 at 2:57 pm

Raghavendra

Any reason why it should be free ? I actually agree with you that it should be free just like US , but what are your reasons for getting it for free . Till date there was nothing like credit score and there is no compulsion of getting it . its always a choice .

Manish

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89 Raghavendra December 15, 2011 at 3:37 pm

The reason for it being free is I an annually request a report and file correction request if any discrepancy. That is the reason it is free once a year from each credit rating agency in US. Given the cost for now. I have no plans to order one for long. Basically with no such individual review the report is of no use.

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90 Manish Chauhan December 15, 2011 at 4:19 pm

Raghavandra

It will take in india to get it for free .. i am not sure what are the plans on that front

Manish

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91 Anshuk Jain December 15, 2011 at 1:45 pm

One of my colleagues applied for this 10 days back and he got a junk email!!! It seems they have some issues in their systems and not able to send credit creport by email. I got to know about this after I applied. Let’s see what happens..

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92 Manish Chauhan December 15, 2011 at 3:02 pm

Anshuk

Even I am coming to know from you on this .. lets see what happens .. even i am waiting for my score .. update here when you get yours . anyways if we dont get it in email , we can always send the docs to them on their address and finally get it

Manish

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93 Vineet December 15, 2011 at 1:45 pm

Manish,

Thanks for post. Earlier I had though about applying for CIBIL report but had put it on back-burner because there was mailing through snail mail involved. Now that it is fully online lazy people like me can order it easily. I was able to order online and using credit card payment. It did go well in first try. I found authentication questions ambiguous though. They asked “Select Bank with lowest credit limit”. I have 3 credit cards with Citibank. There could be other products which have credit limits. Can’t they be more specific? Thankfully my guess on answer was correct!

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94 Manish Chauhan December 15, 2011 at 3:05 pm

Vineet

Good to see that you applied for it FINALLY .. being this new thing and we among the first to use it , I guess we will have to be the BUG testers ! for them … things will get better slowly

Manish

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95 Venkat December 15, 2011 at 4:43 pm

Hi manish,
I had applied earlier when you posted another article. I got the report through post. If they are not giving a score in case you dont have any loans. they will return 340 rs and just charge 110 rs for the report about account enquiries.

As of now i dont have any history.

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96 Manish Chauhan December 15, 2011 at 4:58 pm

venkat

Thats a good info .. how do they repay you back ? did you get the money back ?

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97 Venkat December 15, 2011 at 5:10 pm

I paid with Netbanking and they credited the amount back to the same account.

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98 Manish Chauhan December 16, 2011 at 8:56 am

Venkat

Good to hear that ..

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99 Arun December 15, 2011 at 9:53 pm

Hi Manish,

I am following your blog from last 3 months or so. Thanks a lot to you for all these discussion on some of the important topics.

Not sure whether all I mentioned below are relevant to the current subject. Still…

I have term insurance for close to 1Cr
Have some direct equity exposure (but lately finding very difficult to track and manage the same)
Have some exposure to MF via SIP
Have EPF, Medical/Accident insurance from employer
2 Home loans with close to 25L outstanding

As per your suggestion/recommendation
– Decided on some more of the MF’s and filled in form for SIP (Mostly diversified equity funds (like DSP BR Top 100, Franklin Bluechip, Fidility Equity, HDFC Top 200/Equity/Pridence, ICICI Pru Discovery, UTI Dividend Yield))
– Started a PPF Account last week with SBI (Linked to SBI SB account)
– Took Medical Insurance 6L (Oriental Family Floater) (as per your recommendation from medimanage) for my family
– Took Medical Insurance for my mother (Star Red Carpet for 2L thru medimanage)
– Working with medimanage on Accident insurance (Thinking of zeroing down to Bajaj Premium Guard for 50L)
– Working with medimanage on Critical illness

Now something related to the topic ;-)

I am having very bad experience with CIBIL. I first tried for the report sometime in the month of February. First time the transaction failed, but money went out of my credit card account. Second time on the same day, everything went well but because of my busy schedule (read laziness ;-)), I never send the CIR Request Form along with the required documents to CIBIL. Recently when I learned from your blog that I can complete the entire process online, I tried doing it a month back. Again, transaction failed and INR 450 went out of my credit card but no confirmation. I spoke with the CIBIL support couple of days later. The person confirmed that CIBIL received all the payments. He also mentioned that the I will receive the CIBIL Payment Confirmation for my third transaction via my registered email within 3 days. Now it is almost 2 weeks and no communication. In between I send couple of emails without a reply.

Am not sure what needs to be done here.
History tells me that every second transaction succeeds and maybe I need to try once again paying another 450. ;-)

Thanks
Arun

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100 Manish Chauhan December 16, 2011 at 8:51 am

Arun

I had said in the article, that I myself had bad experieucne with CC and I recommend using NETBANKING which worked for me .. I guess we need to start using NETBANKING or debt cards now a days .. why cc ? Do we really need credit when our bank accounts have money ! :) . Just a thought !

Manish

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101 Ashish December 16, 2011 at 11:16 am

Yes we do. I would say. For the money free of cost for 50 days (you pay on time) 5% off on utility bills and in case a sudden emergency requirement comes up. Movie offers and restaurant discounts.

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102 Manish Chauhan December 16, 2011 at 11:45 am

Ashish

Yes .. for those thing which really benefit us . but i was talking about those cases where it does not matter by which way are you paying ..

Manish

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103 Ashish December 16, 2011 at 4:50 pm

Yeah Manish – but using your card wisely can still save things. Policy premiums, phone bills etc can all be paid by net banking – but doing so by card (assuming an annual premium which is considerable) can still save you interest on the same money in your account.
Just need to make it a habit of smart spending and paying in time.
If you ask me – I prefer paying by credit card but always pay my dues on time. (and in perms of reward points we get back approx 2% of what we spend via card).
Probably a topic for you to write a blog post on. :)

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104 Anshuk Jain December 16, 2011 at 4:57 pm

Which card gives you 2% rewards.. ICICI gives me measly 0.25% through their PayBack card..

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105 Manish Chauhan December 16, 2011 at 8:52 pm

Ashish

No doubt using cc has its own advantages .. Which cc do you have ?

Manish

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106 Ashish December 18, 2011 at 4:02 pm

Citibank Rewards and Stan Chart Manhattan are those I use – those give decent enough rewards. Assuming you do shop from supermarkets and established retail chains (even if not from malls – I refrain from buying stuff there).
I have had a very bad experience with ICICI for credit cards as well as their online account. Their rewards program is very tied up and they have very limited stuff in their stores when you want to redeem points. I didn’t find staff very user friendly and true to their word either.
My view on Payback is that they have a huge catalogue but when you actually convert points into cost of the the things we want to redeem it is meager. I.e. for Rupee per point is very less.

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107 Insoluble Solutions April 26, 2012 at 12:40 am

Citibank Rewards has sunset now AFAIK; you can no longer get the 2% cashback as reward points. It was the most amazing card ever to have been in the market.

ICICI does have a measly rewards program. In fact, the Signature and Classic card reward points is same; you earn 2 points per 100 spends irrespective. Doesn’t make any sense!

PAYBACK need to improve their customer service as well as their website. You can barely login there and their points tally is absolutely crap. They have their own transaction ids which don’t correlate to your actual transaction id. It’s a pain to ensure that you are receiving all the points that you should.

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108 Pundarik December 15, 2011 at 10:33 pm

I applied for CIBIL score immediately after reading your article last time around. I got the complete details within 10-15 days. It was totally hassle-free. In fact I submitted one wrong document, but they intimated me of the same over email and accepted the scanned copy of the actual document(no post required). And though I had a home loan and few credit cards, got a really high score due to reasonable spending habits(which were cultivated from knowledge of your articles) :) Cheers !!

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109 Manish Chauhan December 16, 2011 at 11:47 am

Pundarik

Good to hear that :) .. keep reading and updating your experiences

Manish

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110 Chaitanya December 15, 2011 at 11:15 pm

Excellent one. I thought of applying for it seeing your earlier post itself, but didnt do as I’m in US couldnt send docs by post. So I was hoping for this exactly!! I applied just now, it went amazingly smooth and says i’ll get report in email in 4 days.. eagerly waiting for it :)). I paid thru netbanking.

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111 Manish Chauhan December 16, 2011 at 8:43 am

Great .. Chaitanya let us know when you get your report .. some one said above that they are not able to get a correct PDF in email . Let us know your experience . I am also waiting for mine !

Manish

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112 Chaitanya December 22, 2011 at 3:53 am

Got the credit report & score. No surprise accounts in the reportg got 800+ score

Still looking into the report in detail, and as of now, found two issues (1) one account is mentioned twice on report with same details except for one as individual and again as joint and different payment end dates / schedule in different pages. (2) Payment start date and end dates are swapped for some accounts.

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113 Manish Chauhan December 22, 2011 at 11:45 am

Chaitanya

Good to hear that your score is 800+ .. I also have a score of 835 :) . I think the discrepencies will get corrected once the CIBIL system gets more better .. I am sure these reports are automated and generally without a human intervention using some database . Expect things to get better in future

Manish

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114 Sanchay December 16, 2011 at 4:46 pm

I did this after reading your first article. And the score was good, everything was updated at CIBIL.

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115 Manish Chauhan December 16, 2011 at 8:52 pm

ok , good to hear that

Manish

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116 Sachin Raheja December 16, 2011 at 8:09 pm

Hi,

Not sure if this is mentioned before, however I have a question…

Do they deduct some points from our score if we try to know what are score is? I am again coming from the three credit rating agencies in the US especially Experian where if an individual tries to get his score then some points are deducted because the agency quotes that the person removing his score is not confident of his own creditibility or rather doubts his own financial status and financial responsbility in the market.

Also, are there any points being deducted if more than a specified number of financial agencies look up for an individual’s score in the same span of time. Say, if 5 different agencies to which you have applied to for various reasons in the same month will look for your credit score with CIBIL almost at the same time. So will there be any points dedcuted? I am again coming from the polices of the 3 US credit agencies where they do deduct points for an individual if there are multiple reports being asked by various agencies within a specified time frame again they claim here that the individual is not confident of his financial stability and position and that’s why s(h)e is applying with various agencies at the same time..

Further, CIBIL though very old now in India has to go a very very long way in getting itself established in the Indian market. I feel that we are still not mature enough to handle our credit exposure and leverages as good as what the developed nations do. Again, I am not taking any side here however, I did read one of the comments by Raghvendra above where he states that ”Basically with no such individual review the report is of no use” which is absolutely correct. I personally have never applied for a CIBIL score myself because I am confident of what it is considering the way I deal in the market which is totally a different aspect here. The point I am getting out from the above is that I have got numerous (and the number is huge) friends who had applied for the score in the past and found out a lot of discrepancies in the report. They were given wrong account numbers, credit card numbers and some had loans which didn’t even belong to them. Some had a bad score because the banks which they had dealt with in the past had given wrong information to CIBIL. Just imagine what and how many runs you would have to do with CIBIL, the banks etc. just to sort out the information on your own report especially if the information is way too old. Even the banks would be unable to support you. In short, its a lot of an hassle which they can sort out by just letting the owner of the report have an access to it once a year just for the sake of correctness on his OWN information and credit.

It took CIBIL more than 5 years just to reach at this stage. I hope they climb up the ladder soon however, I still love the way they have designed the format of the report though. At least, that’s user-friendly…:-)

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117 Manish Chauhan December 16, 2011 at 8:46 pm

SAchin

I dont think there is any criteria where your score is dedcuted for just enquiring about it, because if you see CIBIL website ,they have just mentioned 4 paramenters on which you score is decided and “equiry for CIBIL score” is not one of those.

I agree with you that CIBIL has to go long way to go and fix things , but we have to be part of it now as it has already started .

Manish

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118 Anshuk Jain December 22, 2011 at 11:45 am

1. Its a myth that your credit score suffers if you inquire about it in USA.
2. You have rightly mentioned that if you apply for loans or credit cards, the institutions make a ‘hard’ request on your credit report which impacts your score negatively in USA. This is true in India too. In USA, you also have a concept of ‘Soft’ requests which institutions can make to your credit report for pre-screened offers or for increasing your credit limit. This does not impact your score.
3. I agree with you that CIBIL has lots of problems right now. But as an individual, you don’t have an option but to know them and get them corrected. Or else you won’t be able to get loans in future..

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119 Manish Chauhan December 22, 2011 at 7:09 pm

Anshuk

Thanks for that information :)

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120 Saravanan V December 17, 2011 at 9:51 am

my Mastercard Credit Card worked like a magic !..

thnks for this post.. i needed this badly..

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121 Manish Chauhan December 17, 2011 at 11:22 am

Saravanan

Great to hear that .. my cc failed but netbanking worked .. I got my CIBIL score , it was 835 , what is yours ? please share when you get it on your email

Manish

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122 Saravanan V December 21, 2011 at 10:49 am

don’t know yet. I just got a crappy 10k line encrypted email from service@cibil.com today.

is this how it works ? i mean.. u got anything like this.. will i get any more communication ? Thanks.

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123 Manish Chauhan December 21, 2011 at 11:01 am

Saravanan

No , There is some issue with email then. Did you get 2 attachments ? There should be a password which you have to enter to successfully access the PDF and Zip file . Can you forward the email to me

Manish

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124 Saravanan V December 21, 2011 at 4:22 pm

no attachments.. just lines and lines of some text..

thanks Manish.. what is your email id ?

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125 Manish Chauhan December 21, 2011 at 11:26 pm

Saravanan

I got an email properly and I got my CIBIL report . Mostly you should contact their customer care and they should be able to help you . Dont worry .. you will eventually get it , in worst case you will get it offline on your address

Manish

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126 Mithun December 17, 2011 at 4:50 pm

Thanks Manish. Applied for the same y’day. Waiting with crossed fingers and baited breath! I have been a disciplined payer of card dues and my education loan (pre-closed it). Just a query, if despite my discipline, the score is bad, what do I do?

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127 Manish Chauhan December 17, 2011 at 4:53 pm

Mithun

I got my score and I was like you only in terms of discipline .. my score is 835 which is very good. However at times there can be mistakes in your CIBIL score , when you need to approch CIBIL to rectify it after its confirmed from Banks (CIBIL contact banks, not you)

Manish

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128 Shobha December 19, 2011 at 10:11 am

Hi Manish,

Thanks for the info, its great that we can get the score online. Had taken home Loan this year and had got the score then(841 :-)).

Will be Pre closing the loan in June 2012, will apply again to check, if everything updated by my bank after the loan closure.

Regards
Shobha

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129 Nixon December 20, 2011 at 8:27 pm

Hi Manish,

Thanks for this information. I had applied for my CIBIL score last Thursday and got my score through mail today. I have got 814. i am currently having educational loan and two credit cards. One thing i was surprised in the cibil score was they included my enquiry on the credit card while calculating the score. I had no trouble navigating when applying for my score, i was asked 3 questions which related to my loan outstanding, my bank account, and credit card. Online payment was smooth, overall a good experience. I hope they do not deduct points for my enquiry of CIBIL score. If you or readers have any questions pls free to ask.

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130 Manish Chauhan December 20, 2011 at 8:31 pm

Nixon

Its quite surprising to see that they included your enquiry also to calculate the score ? Are you sure that it impacts the score ? I think it was just included in the report , but the score of 814 is only because of 4 things which are included in the CIBIL website .

Manish

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131 Santosh December 20, 2011 at 10:15 pm

Hi
Thanks to your article, I accessed my score that they say is 750+ I am looking for educational loan currently. So how do I use this info to my benefit when looking around for suitable options?
regds
Santos

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132 Vijay December 21, 2011 at 11:17 am

Tried applying for my Cibil score today (15 min back) via a credit card. The payment went through the webpage was stuck. I had to call up the customer service to sought out things (they are helpful). I was asked to send the documents across and wait for 10 days to receive my report.

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133 Manish Chauhan December 21, 2011 at 12:29 pm

Vijay

Yea this can happens rarely and when they happen , this is how things are handled :)

Manish

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134 Mithun December 21, 2011 at 1:11 pm

Got some encrypted mail from CIBIL in an alien coded language! They’ve gobbled up my 450 INR and in return I get alien gobbledygook. I tried ringing up the nos. mentioned on their website, no response. Logged a complaint via mail and again no response!

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135 Manish Chauhan December 21, 2011 at 1:46 pm

Mithun

Does the mail have encrypted alphabets or the attachments ? If its attachment then did it ask you the password ?

Manish

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136 Mithun December 21, 2011 at 3:42 pm

No Manish, no attachment, just a mail with lots of alphabets! Their call centre said that they would revert.

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137 Manish Chauhan December 21, 2011 at 11:27 pm

Mithun

I got an email properly and I got my CIBIL report . Mostly you should contact their customer care and they should be able to help you . Dont worry .. you will eventually get it , in worst case you will get it offline on your address

Manish

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138 Rajeev December 22, 2011 at 11:03 pm

Hi Manish,

I applied for CBIL score online. It was quick and easy. I was pleasantly surprised when I recieved the score on the 3rd day. The service was pretty efficient.

I have got a score of 803. How good or bad is that score? How can i improve on that score. I am planning to apply for home loan in few weeks.

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139 Manish Chauhan December 23, 2011 at 5:29 pm

Rajeev

Score of 803 is very good .. You should be able to get the home loan on this ,however each bank have their criteria .

Manish

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140 Rajeev December 24, 2011 at 12:10 pm

Thanks Manish

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141 Nitin Gupta December 23, 2011 at 5:07 pm

Hi Manish,

few months back i had applied for CIBIL score through written application. i got a reply that address provided by me and in their record do not match.

i am not sure which address do they have in their records.
looks like they have my old address, i have chaged so many houses in last 2-3 years, dont know which address they have.
how to proceed?

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142 Manish Chauhan December 23, 2011 at 5:18 pm

Nitin

Yea .. they will have the address which you had at the time of applying for some loan or credit card . Do you remember that which address you had ? Incase you have no idea on this, first you need to change the address in your bank/credit card because things get updated on monthly basis in CIBIL . I think this should solve your problem , if not then only customer care of CIBIL should be able to give more pointers on this

Manish

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143 mahiuddin ansari December 24, 2011 at 11:42 pm

I have not taken any loan from any bank. But when I applied for loan in SBI they brought my CIBIL report and told that record is not good.. I am gurantor for a loan worth 13 lacs which is not yet paid… But I have never sighned any document or given consent as gurantor for any loan till now… Hw this is possible… How to resolve this problem.. Kindly advice….

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144 Manish Chauhan December 25, 2011 at 2:10 pm

Mahiuddin

Did you ever give your documents to anyone ? because there are cases where the documents were misused !

Manish

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145 mahiuddin January 1, 2012 at 11:52 pm

no manish i have not given any docs to any one but i doubt that some one might have photo copied my docs n have put forged signature on it…..

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146 Manish Chauhan January 2, 2012 at 1:20 pm

Mahiuddin

While you cant rule out the possibility .. there is very small chance of this :) .. anyways .. do your investigation

Manish

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147 Mithun December 25, 2011 at 10:43 am

:-)…808…not bad!

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148 Mithun December 25, 2011 at 5:31 pm

Mahiuddin, just some general advice never hand out xerox copies of govt. issued documents (passport, pan, etc.) at random. Make sure that if you are required to give a xerox (eg: while making an investment, etc.) write the purpose of the same on the xerox clearly. I have heard horror stories of people waking up to find that they are guarantors of loans. Try and investigate and file a police complaint if needed.

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149 Sidhesh December 26, 2011 at 4:41 pm

Thanks Manish for sharing the info on getting CIBIL scores. I got mine and it is 838, pretty decent I guess :-). Paying credit card bills and loan amount on time paid off :-)

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150 Manish Chauhan December 26, 2011 at 6:10 pm

Sidhesh

Yea 838 is great .. mine is 835 :) . I also made sure that I pay my dues on time and never default .. it has paid off :)

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151 Arun December 27, 2011 at 4:06 pm

I’ve had a Credit card since 2006 and even then CIBIL said they weren’t able to locate any credit info for me, so they couldn’t calculate the score! I found this very weird. Any idea what parameters are required if one needs to get a credit score? Is a loan account a must? (Since apparently having a credit card isn’t enough!)

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152 Manish Chauhan December 27, 2011 at 4:14 pm

Arun

Even I had a credit card only , but i got my score :) . Now coming to your issue .. which bank do you have ? CIBIL rely on the banks information and it might happen that your bank did not report your info to the bank , this is the only reason I can think of

Manish

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153 Ankur Jain December 27, 2011 at 5:55 pm

Thanks for the enlightening article and a wonderful blog. I did as you advised and received my report on email within 2 business days scoring 847. I am quite careful with my credit cards and have never defaulted on any payments, wondering where the rest 53 points have gone :)

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154 Manish Chauhan December 27, 2011 at 6:29 pm

Ankur

Good to hear that .. mine was 835 :) . I guess 850 is a great barrier to break in , you need to be really having a great track record . anyways … dont think much and enjoy ..

Manish

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155 Anshuk Jain December 27, 2011 at 6:31 pm

It must be because you don’t have any secured loans (accompanying documents says so).. Also I have never heard anyone getting 900 out of 900 here or in USA..

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156 Vijay December 28, 2011 at 5:20 pm

Namaste, I had applied (online) for CIBIL TransUnion Score (Including CIR) on 2,Dec2011 and having Registration ID : S1211001005. Till the date I have not received my CIBIL report. I used to email to info@cibil.com, called to CIBIL customer care 02266384600, but not good response. What I need to do?

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157 Manish Chauhan December 28, 2011 at 9:45 pm

Vijay

What is customer care saying ?

Manish

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158 Jagadish December 28, 2011 at 11:39 pm

How to improve my credit score? I don’t have any loan and credit card?
How to get the best score? Educate the process.
No cheque bounces and how to use my bank accounts…

Thanks Manish…Your blogs have good information—–Appreciate ur help.

Jagadish

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159 Manish Chauhan December 29, 2011 at 8:59 am

Jagadish

If you dont have a loan/cc , then you dont have a credit score .

Manish

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160 Vikram Bhatia December 29, 2011 at 12:05 am

Hi Manish,

Myself Vikram Bhatia from Bhuvaneshwar. I had a CITI bank account(savings bank) and I did not close the account. It was 4 years back and it should have some charges. Will that effect CREDIT score or My Cibil. My question is will i get a loan if dont close my SB accounts. Happy to contact you…

Warm Regards,
Vikram

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161 Manish Chauhan December 29, 2011 at 8:59 am

Vikram

No, it should not affect your credit score because its not regarding debt , however as a good practice you should not do anything which can be an issue in furture , you never know what all can start getting tracked .

Manish

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162 Vijay December 29, 2011 at 2:16 pm

Maan. this is highly frustrating.The first time payment was successful but the website said the transaction failed.After talking to the folks in CIBIL, i sent them the documents hoping that things would work out fine. But the payment was refunded today after having sent the documents.
I tried paying again, this time via the netbanking route but again the payment went through and the transaction was unsuccessful. I dont want to go through this process again.
Btw, have you guys noticed that in the call center waiting message – they claim that a report only costs Rs.140 ?

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163 Manish Chauhan December 30, 2011 at 7:22 pm

Vijay

Not sure why its failing for you , its mostly luck and nothing else. . for me it passed in one go .

note that the REPORT is for 142 only … its the SCORE + REPORT which costs 450 . You can only get SCORE + REPORT online and not just report

Manish

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164 Vineet December 29, 2011 at 2:38 pm

Manish,

I got my CIBIL score as 820 within 4 days. So far so good. I noticed few issues like one loan showing small outstanding although I have statement from bank saying that it is closed. Few credit cards showing open but those are old credi cards which should have been closed now and one of them showing balance of Rs 60.
I raised disputes on CIBIL site but made mistake of not combining them in single request. I raised separate requests for each issue. 2 issues get submitted successfully. On 3rd issue I got error message

You have already entered the 2 disputes. No more dispute can be registered over the same report.

Now I cannot submit it. I do not understand this limitation. It is not mentioned upfront on disputes page so you will come to know only after you have submitted 2 disputes. Not good.
Now I am reporting the issue directly to issuing bank hoping that they will correct it.

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165 Vineet December 29, 2011 at 2:44 pm

Also don’t know if disputes are accepted by banks and my credit history gets updated because of it, will I get my updated score and report free of charge or I would have to pay for it again…

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166 Manish Chauhan December 30, 2011 at 7:18 pm

Vineet

You will have to pay for it again and banks decision will be final because they will ultimately update CIBIL

Manish

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167 Hiren Gada December 29, 2011 at 3:12 pm

I did payment – googled for CIBIL to get review, got this link…
I completed reading the article, comments and still my transaction is processing…
Yet to face screen with authentication questions….

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168 Hiren Gada December 29, 2011 at 3:22 pm

Took risk – hit F5-Refresh, and got the page with 3 authentication questions, all related to my housing loan account.
It was fun “matching the tables”
Now waiting for the report :)

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169 Manish Chauhan December 30, 2011 at 7:11 pm

Hiren

Good to hear that :) .. Let us know what was the score

Manish

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170 Hiren Gada January 10, 2012 at 5:51 pm

Manish,

Sorry for late update…
I scored 811 – not so good score, this is like passing marks ;)

BTW, thanks for pointing us to this credit report.

Regards,
Hiren

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171 Manish Chauhan January 10, 2012 at 6:07 pm

Hiren

811 is a very very good score .. i got 835 , dont worry .. it will get better and better. . just make sure eveyrthing is perfect in the report . no mistakes

Manish

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172 Arun December 30, 2011 at 9:11 am

Standard Chartered! :-) That’s the funny part! So I’m not sure if CIBIL have goofed up and I need to take a report from another bureau. One other thing I can think of is – my Credit Card got upgraded recently and so the 16 digit number is different from what it was a year ago. One of the columns in the CIBIL report submission asks us to fill in the Credit Card number – I filled in the latest number – so maybe they couldn’t get any info on Credit History w.r.t. the previous Credit Card numbers.

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173 Manish Chauhan December 30, 2011 at 6:34 pm

Arun

yea , it might be the case ..; Not sure how they take care of those cards which have changed the numbers , But Again, should a number get changed on upgrade ?

Manish

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174 Arun December 31, 2011 at 9:33 am

Not sure Manish. In my case, every time I got a card when my old one expired, at least 2 digits in my new card were different. So, looks like their tracking software has a problem. In the meanwhile I will check with another credit rating agency and let you know how that goes. As I’m generally lazy this might take a while :-)

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175 Narsing January 2, 2012 at 3:18 pm

Thanks for this information…I went into CIBIL site and requested for online report of mine. The site asked me around 6-7 questions from my past finances, after going thru it, I was authroised. The website specified that I will get my report in 4 days to my email id.

Rgds, Narsing

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176 Manish Chauhan January 2, 2012 at 11:15 pm

Narsing

Nice .. i got it in 2 days in my email and many others in comment section said that they got it too… so you will also get it for sure .. update us what was your score

Manish

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177 Vijay January 2, 2012 at 5:05 pm

Finally got my score – 816.I have a home loan and one credit card now.I had a credit card in 2004 which I closed after a year as I never used it. Haven’t missed any payment yet and I am beginning to wonder where the remaining points went. Don’t know what else I have to do to improve score.

The reason why we keep getting transaction failures (with payments getting deducted) is because of the way the CIBIL website handles cookies. Its always better to clear off everything in your browser before attempting to pay for your report. I found this the hard way after my payments were deducted a couple of times (1 refunded and 1 waiting for refund).

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178 Manish Chauhan January 2, 2012 at 10:34 pm

Vijay

Good to hear that you have got a good score .. Dont think too much about those missing score .. its like the best student in english gets 97 … No mistakes , no problems , still the 3 marks are not there … THe best of the best in CIBIL score will be around 850 or so .. so enjoy your good score and make sure you dont mess up things :) . You will be good

Thanks for the tip .. I am assuming that you did the cookie enquiry yourself :) . I have included the tip you gave in the main post :)

Manish

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179 nagaraju February 28, 2013 at 5:46 pm

Hello Vijay/manish

Today i tried to apply for CIBIL score online, 2 times my money got deducted but it says transaction failed. so please suggest me how to go about.

Regards
Raj

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180 Manish Chauhan March 1, 2013 at 8:28 pm

just call customer care and they should be able to resolve this

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181 Sashidhar Reddy January 3, 2012 at 7:57 pm

Hi Manish,

Thanks for all the wonderful articles that you are sharing through Jagoinvestor. I have been following your blog for over an year now. All your articles have helped me in gaining fair amount of knowledge on financial planning, different investment options, insurance etc.

Though i was reading articles, haven’t taken any action so far (mainly bcoz of my laziness :) ). As a first step, now i applied for my credit report online. I made the payment through credit card and everything went smoothly, except for some delay. After i entered all the details from my credit card and submitted, the page went blank for more than 5min. I got a message on my mobile that the payment has been processed. In the article you have mentioned that after the payment is done, it will return back to CIBIL page, where you need to enter authentication details. So i was little worried and was thinking that my 450/- is gone. Finally after almost 8min, it returned back to CIBIL page, where i answered 5 authentication questions.

I got the payment receipt and is eagerly waiting for my credit score card :)

~Sashidhar

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182 Manish Chauhan January 3, 2012 at 11:11 pm

Sashidhar

Nice … It is mainly cookies issue with CIBIL as mentioned by one of the readers Deepak ,, you were lucky that it finally went through

Manish

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183 Sasidhar Reddy January 6, 2012 at 10:57 pm

Got my score card today…exactly on the 4th day after applying as promised. 824 is my credit score. Report is neat, easy to understand and no discrepancies :)

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184 Manish Chauhan January 7, 2012 at 12:14 pm

Sasidhar

Good to hear that .. My report came in just 2 days :) .. not 4

Manish

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185 Prasoon January 4, 2012 at 3:45 pm

I got excited by your article and thought of using online option. But sadly, it didn’t work for me. Most of the questions were irrelevant and options were incorrect. Most annoying was about last 5 digit of passport number, where all options were incorrect. No confusion here, as I had my passport open in front of me. Also, they have my correct passport number in their database – as it appeared correctly in last three CIRs.
But anyway, I think that it’s an initial phase (with online report) and it will be more swift with the time. I still remember sending draft with the request form in early days.

Regards,
Prasoon

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186 Manish Chauhan January 5, 2012 at 1:26 pm

Prasoon
cases like you are rare .. most of the people who applied have got it in their email in just 2 days (including me) .. but as you said , it is expected as its initial phsse .. so lets hope for best in coming months :)

Manish

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187 senthil January 5, 2012 at 4:07 pm

Every time i need to pay 450 to check my score?

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188 Anshuk Jain January 5, 2012 at 4:50 pm

yes. But do it only once in a year..

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189 Manish Chauhan January 7, 2012 at 1:40 pm

Yes

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190 Gaurav January 5, 2012 at 7:07 pm

Hi,
Have a couple of questions
Firstly, why is it that we must keep our credit score secure? How can it be misused?
Or in other words, what does CIBIL think a person would do with other person’s score?

Secondly, when in the western world, where the credit reports and scores have been an age old phenomenon, it is possible to get the credit report/score online by providing the Name, Address, Gender DOB and SSN why does CIBIL need that fuzzy logic of asking the people about there old loans? What would CIBIL do for a person who hasn’t ever taken a loan and may just have a couple of inquires?

To me, it simply means being over cautious…please let me know if I am missing out anything here.

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191 Manish Chauhan January 7, 2012 at 1:18 pm

Gaurav

One can not misuse the SCORE , but one can misuse the documents and take loan on others name or make other person co-borrower and that will impact another person CIBIL score and finally his life . thats what one has to be cautious with

Manish

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192 Jagadish January 5, 2012 at 11:38 pm

Hi Manish,

I have applied my CIBIL report on 20-DEC-11 and on 24 i got the response from cibil stating that the report will come in 14 days. How long will it take to provide my cilbil report. I have paid 450+142 and will they send a report to my home OR will they email me my report to my email id……

This is a great help from you to Millions watching this site….

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193 Manish Chauhan January 7, 2012 at 12:55 pm

Jagadish

Did you make an online payment ? If yes , then why 450 + 142 ? It should only be 450 . and if you paid onlne , then they will send you in email only ..

Manish

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194 Jagadish January 11, 2012 at 12:48 am

Manish,

I have sent 450+142 Rs DD payable at Mumbai, Via Speed Post.

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195 Manish Chauhan January 11, 2012 at 10:46 pm

ok , i think you only needed to send 450 , you get CIR also in that price

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196 Sai Krishna Boyina January 6, 2012 at 11:10 am

Hello All,

do we get any username and password to check our credit rating and CIR everytime by paying one time amount of 450/-?
or do we need to pay everytime 450/- for getting credit rating and CIR?

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197 Manish Chauhan January 6, 2012 at 12:10 pm

Sai

You have to get it everytime by paying 450 . Why will you have a username/password .. its a for profit org

Manish

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198 Guruprasad January 6, 2012 at 2:16 pm

Hi Manish,

I have applied for CIBIL score on December 19 but still did not get any reply from them . I jad sent them a reminder mail but still no reply.

Is there any contact number where we can contact them other than the Email ID ?

Please advice.

Thanks and regards

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199 Neeraj Goyal February 6, 2012 at 1:29 pm

Hi Guru,

You can contact CIBIL on 022 66384600 for all the queries. Responses from their email id info@cibil.com are delayed sometimes.

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200 shiv kumar January 10, 2012 at 4:34 pm

hey all,

im applying today only let see what happen how much time it will take

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201 Manish Chauhan January 10, 2012 at 4:41 pm

Shiv

Good .. just make sure you note down the id which it gives you .. expect it to come in 2-3 days .. but incase it doesnt .. check with the customer care immediately after that. Keep us posted.. lets see how much you score and what was your expectation :)

Manish

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202 Prasoon January 11, 2012 at 10:30 am

I made payment online and sent documents (on 5th Jan) after unsuccessful online authentication. How will they send CIR? By post or by e-mail?

Prasoon

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203 Manish Chauhan January 11, 2012 at 10:40 pm

Prasoon

In that case, it will come by post

Manish

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204 Rajandran R January 12, 2012 at 10:05 am

I had applid my CIBIL Score online. But there is no provision to submit self attested documents. Should i have to Email them?

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205 Manish Chauhan January 12, 2012 at 11:17 am

Rajandran

You dont have to mail the documents .. Its only sent if the authentication fails , but if everything was fine for you , then you will get the Score on your email .

Manish

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206 Rajandran R January 12, 2012 at 2:47 pm

Manish,

Thanks, I passed the authentication procedures now waiting for CIBIL scores.

Rajandran R

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207 Manish Chauhan January 12, 2012 at 9:47 pm

Good to know that you have applied for it , you should be getting it in 2-3 days .. my score was 835 , Would be interested in knowing what was yours :)

Manish

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208 Rajeev Poojary January 12, 2012 at 4:15 pm

I wanted to see is there my name is appeared in CBIL

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209 Manish Chauhan January 12, 2012 at 9:38 pm

Rajeev

Everybody name is in CIBIL , what you should see if your score is bad or not .. apply for your score and see whats your score .

Manish

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210 Philips Navin January 12, 2012 at 7:32 pm

Hi,

Greetings for the day!

I applied for a personal loan in december 22nd 2011 and got declined due to CIBIL scoring, they informed me that the CIBIL scoring is less due to my overdue in credit card, then i have paid my credit card bills immediately, can you please guide me how long will it take to update my CIBIL scoring after paying the overdues?????please help me out

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211 Manish Chauhan January 12, 2012 at 9:36 pm

Philips

If you have not paid your dues from long , then this will be there in your CIBIL report for some time for sure .. As you have already paid your dues, ask your bank to update it to CIBIL and then re-apply for your score in few weeks from now and recheck

Manish

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212 Bhoumik Bhatt January 13, 2012 at 5:40 pm

Hi Manish & Nandish

Applied for the CIBIL report today. Awaiting the report which will arrive in next 4 days.

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213 Manish Chauhan January 13, 2012 at 6:52 pm

Bhoumik

Nice .. let us know what was your score !

Manish

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214 sangram January 13, 2012 at 10:31 pm

Hi Manish,
Thanks for this informative article. I ordered my CIBIL score by following your article 4 days back and I received it today. My score is 825.

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215 Subbu January 14, 2012 at 6:52 pm

I applied for a credit card with my bank with the clause I should be informed and given a copy of my credit score. And u know what… I got it for free and my score 844. Ask for more wherever u spend and get full value for ur money.

And yes the credit card was free for life. Recently Axis bank deducted Rs 112 for Debit card. I made sure they paid the money back and closed the account.

So, there is another way to get ur credit score.

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216 Anshuk January 14, 2012 at 7:09 pm

Which bank was that? Anyways, great job. All banks should do this since they are anyway are pulling your credit score/report.. they can always share with the customer for free.

On the other hand, you should know that applying for a credit card dings your score.. so applying for credit card just to get your report/score should be avoided.. :) I am sure Subbu, this was not your intention..

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217 C Subramanian January 14, 2012 at 7:25 pm

Believe me this was my first application for credit card at 43 after 22 years of earning.
I applied for the credit card against a lien marked against my TD, not to affect my credit score.

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218 Manish Chauhan January 15, 2012 at 5:41 pm

Subbu

Good to hear that .. found new way of getting your credit score ;)

Manish

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219 Gowtam January 17, 2012 at 3:49 pm

Hi Manish,

How would the Unpaid Cheques affect our rating?
Since I have a cheque bounce through India Bulls because of miscommunication and moreover its not related to any EMI or Loan Payment…It was part of processing fees for Home Loans. I had to opt out from them and applied with HDFC Bank now.
Otherwise I have a very good payment history with Credit Cards and others too.
Will these things be taken into consideration by the banks or CIBIL?

Regards,
Gowtam

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220 syed January 17, 2012 at 4:42 pm

Dear plz let me why my name is appearing in CIBIL, i never taken any loan or any credit cards so how its possible to appearing my name on CIBIL so please help on this.

thank you,
Syed

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221 Manish Chauhan January 17, 2012 at 7:30 pm

Syed

Mostly your documents have been compromised by someone else ? Did you even give your documents to some one ? or did you even become someone guarantor ?

Manish

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222 Amit Singhania January 18, 2012 at 1:29 pm

I observed lot of people raising concerns on their credit score getting affected while inquiring their credit score from CIBIL. I read something in the FAQ section of the CIBIL website which may help “If you are planning to apply for any sort of credit facility for a purchase (home or car) in the near future, it is imperative to check your CIBIL credit report 2-3 times each year and ensure that your ‘Reputational Collateral’ is reflected accurately. This will provide you with access to credit faster and at better terms. Rest assured; that Enquiries are not added to your CIBIL credit report when you purchase one directly from a CIBIL.” Hope this helps.

Btw, I have also applied for my credit score online and paid using net banking. The entire process was smooth and I have received the acknowledgement in my email in seconds. Now, waiting for my score. Fingers Crossed :)

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223 Manish Chauhan January 18, 2012 at 6:58 pm

Amit

thanks for updating that part .. really helpful

Let us know what was your score .. mine was 835 :)

Manish

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224 N.SHANMUGASUNDARAM January 18, 2012 at 8:04 pm

my date of birth : 03.07.1971, my icici credit card no: XXXXXXXXXXXXX (Edited by Manish) . pls send me the cibil score for me

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225 Manish Chauhan January 18, 2012 at 8:11 pm

Are you in your sense ? Do you know someo ne can do the transactions just by getting your credit card number , never expose it to anyone , else you will repent for it all life .. I am removing your credit card number from your comment .. please never expose it .. think before you act .

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226 C Subramanian January 21, 2012 at 9:46 am

Incredible guys. A man owning a credit card should know your do’s and dont’s. At this age of cybercrime everything need to be verified before sharing your details even ur email address leave alone personal data and card number.

Manish, may be u need to write an article on do’s and dont’s in sharing personal details on net and how to find out that ur account details are going to a secure server.

Shanmuga, Thank Manish for removing ur Credit card number sooner, but follow up ur card usage or better get a new card issued from ur bank.

Subbu

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227 Manish Chauhan January 21, 2012 at 11:54 am

Thanks .. we will write on do’s and dont’s of utilizing credit :)

Manish

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228 Gowtam January 19, 2012 at 10:20 am

Hi Manish,

How would the Unpaid Cheques affect our rating?
Since I have a cheque bounce through India Bulls because of miscommunication and moreover its not related to any EMI or Loan Payment…It was part of processing fees for Home Loans. I had to opt out from them and applied with HDFC Bank now.
Otherwise I have a very good payment history with Credit Cards and others too.
Will these things be taken into consideration by the banks or CIBIL?

Regards,
Gowtam

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229 Manish Chauhan January 20, 2012 at 11:49 am

Gowtam

No , its not related to credit and wont be taken into consideration .

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230 Rashmi Gour January 23, 2012 at 9:21 am

I have One HDFC Credit Card and 2 Vehicle Loans under me.
Due to some financial impacts and incidents I skipped out on 2 EMI for my bike loan which was later paid through cash to the Banker and with a CheckBounce charge for 2 months.
And Regarding my CreditCard, since January 2011 till date, I am paying the minimum amount to the Bank, but unfortunately I am paying only after the due date due to some financial disturbances.
WILL THIS AFFECT MY CIBIL REPORT. Please help, am worried.
Regards,
Rashmi

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231 Prasoon January 23, 2012 at 10:51 am

I got my score+report today. Format for report is changed a bit, and few more complex terms are added. Earlier we used to have a summary in first page, which would contain information like Total/ Zero-Balance/ Overdue accounts, Current/Overdue balances etc. I could not find this thing now. It starts with my general information and then quickly goes to first account.
Interestingly, description for this section appears in the 3-page attached document (Understanding your Cibil Credit Report) with CIR.

Could you people (who got their CIR in last 30 days) please tell me if this is the case with everyone?

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232 Manish Chauhan January 23, 2012 at 5:57 pm

Rashmi

Definately this is going to affect your SCORE and you might be having a bad score which will not let you get another loan in future .. better check it by applying for your report

Manish

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233 Bhoumik Bhatt January 23, 2012 at 11:03 am

Hi Prasoon.

I got my report last week and got it in same format you have described and additional attachment file in zip format “Understanding of CIR & Score.zip”

Regards
Bhoumik

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234 Prasoon January 23, 2012 at 11:31 am

Thanks for replying. I’ve got offline report.
So you too, did not get any all accounts summary type section?

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235 anshul kamra January 23, 2012 at 12:00 pm

Hi,
I wish someone could clarify these doubts of mine. I had applied for a Stan chart credit card in september last year. A month down the line they inform that they lost my documents so I need to apply again. I duly obliged. Then I don’t hear from them for the next 2 months. Irritated with their response, and since everyone around me was applying for a Citi credit card, i applied at Citi.
My application got rejected in a day. They said Stan chart has probably done 2-3 Cibil enquiries against my name. So probably this has created an issue. ( I don’t have any credit card on my name yet, and nor any loan ).
I had a chat with a Branch Manager of ICICI Bank today. He said that CIBIL deducts 20 points for any enquiry. So when Stanchart did one, my score became negative as earlier my score was 0.
Now, basically I have a negative score, without ever applying a card or a Loan. Could anyone please suggest right course of action ?

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236 Manish Chauhan January 23, 2012 at 5:44 pm

Anshul

No , CIBIL scores are not affected because of enquiries

Manish

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237 Prasoon January 23, 2012 at 12:58 pm

Try if you can get CIBIL copy from Citi. Otherwise just apply for CIR as mentioned in this article.
2-3 CIBIL enquiries should not have created an issue, that too, after 2 months. Report will tell you about the exact issue.
I don’t agree with 20 points deduction theory. My score remained in 800-810 range despite multiple inquiries in last one year.

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238 Manish Chauhan January 23, 2012 at 4:53 pm

Yea .. score does not get affected just because of enquiry , its mentioned clearly on CIBIL website

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239 Arudra Kumar C January 24, 2012 at 12:48 am

Hi Manish,

Finally, got my CIBIL report today. My Score is 822. :)

Cheers,
Arudra.

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240 Manish Chauhan January 24, 2012 at 12:18 pm

Arudra

Good to hear that :) … Did you check the full report and check that there is no discrepency ?

Manish

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241 Nikhil January 24, 2012 at 4:45 pm

Hi Manish,

I just filled the online form for my CIBIL report and after paying the amount through credit card(successfully) i was redirected to ques-ans page, where I provided all the information correctly but on clicking the final submit button the page got struck at “Please wait while the page loads..” message and finally the link was broker.
The amount was deducted from my credit card acct but I didn’t receive any payment receipt. Please suggest me what should I do? Should I try once again or write to CIBIL for this failed attempt.

Thanks,
Nikhil.

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242 Manish Chauhan January 24, 2012 at 4:51 pm

Nikhil

No need to panic, yes there will be little more work for you to do , but eventually you will get your SCORE , now as the payment is done , while filling up the form you must have got a reference number , all you need to do now is take the print out of the payment proof and take xerox of those documents which you ticket marked while filling up the form and send it to the CIBIL address, you will get your cibil report + score in 10-15 days ..

Check this whole thing once with customer care also

manish

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243 Nikhil January 30, 2012 at 1:02 pm

Hi Manish,

I did exactly the same, called customer care they confirmed that my payment & authentication was successful and they sent the payment receipt immediately on my email id and 6 days later i.e. today I got my CIBIL score which was 832 (Yippee). Thanks much for calming me down and reminding me of a wonderful option ‘The Customer Care’ :)

Cheers,
Nikhil Soni
– “Helping hands are better than praying lips”

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244 Manish Chauhan January 30, 2012 at 11:54 pm

Nikhil

Good to hear that .. 832 is good .. mine was also 835 :) . congrats .. keep reading

Manish

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245 Ashish January 29, 2012 at 2:26 pm

I have applied for Online CIBIL score today, and everything went smoothly .. Only issue is that i have not received any communication in mail (As i was expecting Amount paid receipt in my mail) though confirmation message after the process clearly mentioned that payment receipt is sent to your mail .. I am not sure why i have not received the payment receipt and now i am doubtful if i will receive CIBIL score communication too :( .. Did it happen with someone else too ..

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246 Manish Chauhan January 31, 2012 at 5:03 pm

Ashish

I got this email after payment

Dear Customer,

Congratulations ! Your authentication was successful. We will e-mail your CIBIL TransUnion Score (Including CIR) within 4 business days.

The On-Line Payment Confirmation is emailed for your record.

For any queries on the status of your request, you can write to us with your Transaction Id at info@cibil.com after 4 business days.

Best Regards
CIBIL- Consumer Relations

Check your spam or mails , a mail from info@cibil.com , should be there ..

However incase its not there .. dont panic .. check with customer care on this .

Manish

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247 ashish February 1, 2012 at 11:25 am

Called Customer care and they immediately sent receipt and score as well … It is really fast..

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248 ashish February 2, 2012 at 11:18 pm

BTW my score was 800+ :)

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249 Dinesh February 4, 2012 at 2:27 pm

Hi Manish,

Received my CIBIL trans union score and credit report today by courier.
My score is 824.Iam planning to change my housing loan lender to some other bank.
Will this score suffice or should it be more closer to 850/900 for a favorable consideration by the bank.

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250 Manish Chauhan February 6, 2012 at 6:31 pm

Dinesh

824 is a good score to show off ..

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251 Breeze February 7, 2012 at 11:58 am

Hi Manish,

I got my cibil score today. It’s 760.

Applied on: 04-02-2012 (Saturday 1.50 pm)
Received report on: 07-02-2012 (Tuesday 10 am)

The only issue I faced was, I didn’t receive the confirmation email but I saved the acknowledgment as pdf for reference.

By looking at the report, it’s very clear that there is no late payment or any kind of issues on my credit card transaction and personal loan (closed 2 years ago). However the score is only 760? Any idea what could have affected my score? There are 3 enquiries I Made in 2007 for the loan amount 98K, 25K and 100k but didn’t take it. Do you think this would have reduced the score?And also my credit card limit is low and it’s same for the past 4 years as I don’t want to increase the credit limit.

Thank you.

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252 Manish Chauhan February 7, 2012 at 9:40 pm

No idea .. there are so many things which can effect CIBIL score , contact CIBIL

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253 Amit Singhania February 7, 2012 at 4:07 pm

Hi Manish,

I received my CIBIL score sometime back. To my surprise it is just 780+ whereas I expected at least 800+. I had a study loan which I prepaid well ahead of time. I have a couple of credit cards and I pay my bills regularly much before the due and mostly within a week of the statement date. I am really confused as well as worried on how can my credit score take a hit inspite of taking all kind of precautions. Couple of things that come to my mind:

My usage of credit card has been pretty high for the last few months but that shouldnot matter if I am regularly clearing the dues well before the due date.

Another thing which struck me in the report is that my old platinum credit card in the report still shows a current balance of some 5000 rs although this card has been upgraded to signature card now and the balance was transferred in the new card which I had duly cleared within the due date.

Can someone throw any light on it? Can I get back to CIBIL and ask them the reason for the relatively low score?

Reply

254 Manish Chauhan February 7, 2012 at 9:28 pm

No Amit

You can ask the reason , but if you find some problem in details ,then you can ask for resolution . look at http://www.jagoinvestor.com/2012/01/cibil-credit-report-mistakes-correction-steps.html

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255 Vishwanath Gowda February 10, 2012 at 10:30 pm

Hi Manish
I like to have my cibil report, What is the formalities I have to do, and once i submit required details when i will get the report, kindly let me know it’s very urgent,

Thanks

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256 Manish Chauhan February 13, 2012 at 9:25 pm

Vishwanath

The whole process is already told in the article , just follow it !

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257 Yogesh February 11, 2012 at 4:31 pm

Hi Manish,

thanks for sharing this..Just now I applied for my CIBIL score. I hope I get it soon..

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258 Manish Chauhan February 13, 2012 at 9:14 pm

Nice .. do share when it arrives and let us know what was your score !

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259 Shilpy February 14, 2012 at 5:42 pm

Hi Manish,

Thanks a lot for writing this article. Very helpful and informative. I applied for my CIBIL score yesterday and got it within one day. It was 786.

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260 Manish Chauhan February 15, 2012 at 1:50 pm

Shilpy

Good to hear that .. while 786 is good score .. you can still improve .. make sure you dont mess up your credit behaviour in coming days !

Manish

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261 Shilpy February 15, 2012 at 2:45 pm

Yeah I know.. not sure why my score is below 800 though.. I have not utilized the credit rollover facility on my credit cards and I dont have any outstanding loans either. I have paid my credit card dues late maybe 2-3 times over the last couple of years when I missed the due date and in that case, the banks have always rolled back the penalty also. I guess there isn’t any way of figuring out why the score is low, or is there?

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262 Manish Chauhan February 17, 2012 at 6:18 pm

Shilpy

The score of 800 is pretty good .

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263 chandra February 18, 2012 at 11:08 pm

Hi,

In my past transactions with banks, I failed to pay one personal loan because I lost my job, I sold jewels and vehicle with my saving I could clear up some credit card and loan but one loan was left out. Bank people started calling me and abused me as well. I tried my best to explain my problem and also asked them to give me some time and I will payback with interest and late fee charges. None the people who called did understand and guided me properly, they were just knowing to abuse., they were bugging up like hell when I was in so much problems. I lost patience. I abused them back and changed my phone number and address. I knew it is going to be a big problem for me in the future, but the situation was out of control.

Now, I am in job and all my personal issues are solved and able to continue the EMI’s. I contacted bank official and asked if I can continue to pay EMIs, but the bank official said that I have to pay full loan amount with interest, late fee and bouncing charges and close the loan because of closure of loan with NPA status (he also said few things with some banking terms, what I understood was I can’t make EMI payments any more and my loan is a loss to bank). I am not in a position to pay full money at a time. They gave me 2-3 installment options, even that is not possible. The way of their communication changed again almost abusing. I stopped contacting them and changed the number again…

I decided I will contact them again only when I am in a position to pay full money with the interest and other charges and close the loan completely and get NOC.

suggestions in this case is highly appreciated.

Any way, Actual question was, with this history… If I contact cibil for my score by providing all my current address and phone number, will they not share my details with banks… And don’t that bank people will start bugging me again?

Reply

264 Manish Chauhan February 19, 2012 at 1:01 pm

Sadly your CIBIL score will be very bad in this case and you will face issue in future for sure .. delaying the payment of your credit card dues would mean that it will grow to an obscene amount in future .. I would suggest taking a personal loan and paying off the credit card loan so that it does not grow so fast now onwards .

Not sure if your PAN card was mentioned first time when you took the loan because one can track who was who and even though you have changes your Phone , address , still things can get tracked

You should apply for your CIBIL score once and see what the real score and report says

Manish

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265 Rohit February 24, 2012 at 10:23 pm

Hi Manish,

First of all thanks for maintaing such an informative blog..

Applied and received my CIBIL score and was quite surprised to find it at 790..Ihad expected it to be at min 820+..

I have 3 cards — two from last 4 yrs and one from last six years.. Majorly use only one credit card…and have always paid my dues on time..never ever there was a late payment !! Infact even the CIBIL report does not any negative remark for the same.

The only thing which has changed now is my cc card usage has increased(some months it reaches to about 50% of my allocated limit) — but still I have paid always my due amount before the due date.

Could you tell me what else could be the reason for such a low score… ?? I saw the generic reason for low scores..but I dont come in either of them…So, am confused !!!

Reply

266 Manish Chauhan February 25, 2012 at 3:50 pm

Rohit

Its tough to give any reason like this . Are you using all your credit cards ? I mean are you using your credit card as availed . If you have 3 cards and are using only 1 of them , that too 40-50% of the credit limit , that shows that you have taken a lot of it for the sake of it .. So that might be one point i can think of , but I am not sure !

Manish

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267 Vijay Kumar February 27, 2012 at 6:10 pm

Hi Manish…

Great job from your end to educate the people on financial issues….
I have a CITI account (salary) which has given me a ready credit line facility. I have with drawn Rs.30000/- from that and have repaid in 3 installments (min due is 5 % each month). Does this accounts to my CIBIL score…

Regards
Vijay Kumar

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268 Manish Chauhan February 27, 2012 at 7:09 pm

VIjay

I dont think this will affect your score !

Manish

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269 K S Balaji February 27, 2012 at 8:20 pm

Dear Vijay

CIBIL score will be affected if you do not repay the loan and also if your repayments are delayed.

Regards

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270 Vijay Kumar February 27, 2012 at 8:49 pm

Thanks Balaji

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271 Vijay Kumar February 27, 2012 at 7:36 pm

Manish..

Will this be considered for score?
I am asking this since I dont have any credit card or any loan.

Regards
Vijay

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272 Manish Chauhan February 28, 2012 at 12:22 pm

Vijay

I am not sure what you are talking about ?

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273 Vijay Kumar February 28, 2012 at 4:09 pm

Manish
I dont have any credit card or loans..so as far as my knowledge my score is 0 or NA (correct me if I am wrong).
I have used ready credit line offered by bank and repaid well in advance. Does this accounts for some positive credit score? So that I can apply for Personal loan.

Regards
Vijay

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274 Manish Chauhan March 1, 2012 at 12:11 pm

Vijay

The accurate picture will be clear only when you check your CIBIL report . Apply for it

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275 Dasarath March 2, 2012 at 4:36 pm

Citi bank redy credit displays. It displayed for me also :-)

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276 Vijay Kumar March 28, 2012 at 7:55 pm

Hi Dasarath

Are you sure??Bcoz I have kept my query before CITI customer care…they replied NO…

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277 girish February 27, 2012 at 10:28 pm

Hi Manish

I had good track with all my credit cards / PL’s till 2010 – Sep , Due health issues I could not make make payment for 3 months and @ the same time I changed my job. Latter all CC out standing I requested to converted to EMI’s and they did the same. Last year March my CBIL was 694 Before Sep – 2010 it was 780+. Right now i applied for PL in HDFC to pre-close all my commitments please let me know how can I proceed as CC EMI conversion will be reflected as re structured. And between I have cheque bonus which is cleard with in a week.

Reply

278 Manish Chauhan February 28, 2012 at 11:42 am

Girish

the conversion should not affect anything . what matters is the amoutn of loan outstanding . And if you have cleared all your dues , then slowly things wil be get better. What is your main question here , I am not clear on that !

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279 Amit February 28, 2012 at 10:25 pm

Hi Manish – I have applied for Trans Score on 31- Jan-2012, I was done successfully with online payment also but didn’t receive any email for confirmation and post payment no authentication questions been asked. I have already dropped cibil 5 mails but only reply I got is, “We have replied to your mail”. no report and score till yet.
any help welcome please.

Thanks –
Amit

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280 Manish Chauhan March 1, 2012 at 12:00 pm

Amit

try their customer care .. they generally help in this kind of cases

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281 Amit March 1, 2012 at 10:13 pm

Hi Manish – when I registered online after making the payment, I didn’t get any verification questions regarding bank or credit card information. Post that as you suggested, I tried +91 -22 6638 4600 no, no one is responding to the call. This is really annoying.

Thanks –
Amit

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282 Manish Chauhan March 2, 2012 at 3:42 pm

Amit

How many times have you tried and what time are you trying it (it might not be 24/7) . Many readers from this blog have solved their issue by customer care only.

Manish

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283 nana khot March 6, 2012 at 12:16 am

Hi Manish,
Thanks for sharing valuable knowledge
I got my report within 2 days (I made online payment through netbanking).
I have a credit score of 658 :( May be all because of credit cards.

Is there any chance to improve rating? If, yes how?
presently i am not using any credit cards or loans. Planning to apply home loan in diwali. is it this report hurts my loan? how to improve in shorter period?

Reply

284 Manish Chauhan March 6, 2012 at 6:14 pm

Nana

Yes, this report will definately going to hurt you , for getting a loan , a score of atleast 750+ is required . How many credit cards you have ? Have you ever defaulted ? Is there any out standing money you have to pay ?

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285 nana khot March 8, 2012 at 12:32 am

Hi Manish,
i used two credit cards 4 years back and due to some difficulties not able to pay the balance. I requested them to convert it to EMI but they have not agreed. I left this as it is. After 2 years they have contacted me and asked to settle. (HSBC card i settle in two years back and AXIS card in 6 month back).
from last 3 years also i am using ABN card but all the payment made on time (None of the payment missed).

Presently i don’t have any loan/cc dues. I am totally loan/EMI free.

As you said to improve rating we need to pay emi/dues on time, but presently i dnt have dues/emi. How should i improve?

Reply

286 Manish Chauhan March 8, 2012 at 4:53 pm

Nana

I have a bad news for you . Settling your loan is a NEGATIVE thing , if you check your CIBIL report , it will be mentioned that you went for a SETTLEMENT , and that will pull down your score . Unless you pay each and every penny of loan or outstanding, it will keep on haunting you .

Manish

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287 nana March 8, 2012 at 9:36 pm

Hi Manish,
Whatever thing is happened was happened. .
Presently i dnt have any outstanding payments/loan/dues.
How to improve my ratings? there is no chance atoll.
if chance is there then HOw? what will be the immediate step?

Reply

288 nana March 9, 2012 at 9:11 pm

Manish,

Please respond my above querry

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289 Manish Chauhan March 10, 2012 at 1:11 pm

Nana

You should not get another credit card or some kind of loan (mostly a secured loan this time) and keep paying it on time . This over some months/years will improve your credit history .

Manish

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290 Sivakumar March 7, 2012 at 2:13 am

Manish, after the online payment, I got a webpage saying “We have successfully located your report, but authentication is not available”

I am going to send the print out of the online confirmation and other details. My questions is – would they send me the report over an email or by post to the address mentioned in the online payment form?

Reason is, I am not in India for few more months and have no access the permanent address

Any thoughts?

Regards, Siva

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291 Manish Chauhan March 7, 2012 at 4:30 pm

Siva

Talk to customer care , they generally help and solve the matter . I have seen people getting the report on email and sometime over address . Not sure what will happen with you .

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292 Sivakumar March 8, 2012 at 12:48 am

Thanks

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293 Sandeep Chavan March 9, 2012 at 1:43 pm

Hi Manish,

I came across your article a few days ago and recently when I was applying for a personal loan, I came to know that my CIBIL score is 867 :) .. Although I am happy about it, I don;t know which factors have contributed for this score. May be the fact that in the last six years, I took only one CC and it’s credit limit is half of my salary. I had one personal loan 4 years back which i foreclosed after comleting half of my tenure.

Regards
Sandeep

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294 Manish Chauhan March 9, 2012 at 3:30 pm

Sandeep

Yea .. having just 1 cc and paying on time has done wonders . Your score is very very good . You will get loans easily

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295 Vijayakumar C March 10, 2012 at 12:41 pm

Hello Manish,
What a great investor website, I never knew there would such an excellent financial advising website until ‘Google’ has directed to your website while i was searching best term insurance plan last week… I liked that article very much. So, thought i would like to visit all the archived article then i came to know this CIBIL information..
Frankly saying i never knew all these tracking happening back the stage while we inquiry loan or even credit card… Eye opening stuff..
I felt to know my CIBIL score just for curious and even i knew it would help my home loan which i am planning to apply this month. I applied it on 7th (10 PM) and got now on 10th (11.35 AM)..
Unfortunately, My Score is 731 :-( .. one of the lowest score than any other score in this discussion..
I just see only couple of late payments in all 3 cc, 1 PL and 1 consumer loan (completed). but why this score such a low?? is this that i am utilizing maximum credit limit in cc ?
What can be categorized this score? Avergare/BAD/Good??
How much this will affect my home loan which planned to apply this month?
Need you advice and suggestion. Thanks

Regards,
Vijayakumar C

Reply

296 Manish Chauhan March 10, 2012 at 12:48 pm

Vijayakumar

Thanks for your appreciation . I dont want to scare you , but 88% per the loans given in 2011 has a score of more than 750 . Your score is just below the “good” score . It can have issue in getting a loan . Your score is result of various things and it can be high utilization of credit , too many credit and some untimely payments . So now , you should better get your score better first and then apply for your home loan, because if its rejected , it will not be a good thing .

Manish

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297 Vijayakumar C March 10, 2012 at 1:06 pm

Manish,
How many months it may take to get better score i.e 750+??? because i can’t make my flat builder to wait long time due to applying home loan till it get better!!!
Do you think if i close my PL and whatever outstanding in CC would fetch some good score?? Please suggest… Thanks

Regards,
Vijayakumar C

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298 Manish Chauhan March 10, 2012 at 1:36 pm

Vijayakumar

Its tough to get it changed in so little time . Banks report any changes to CIBIL in 45 days and then it gets changed in your report , but your score will take time to change . Look , I am not saying that your loan application will be rejected , No , but there are high chances of it . Better see what is written in your credit report . try to apply for loan and see what happens exactly !

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299 Rajeshar.V March 13, 2012 at 10:07 am

I have a home loan with ICICI which is due for closure end of this year. I hd several issues making the EMI payment on time and iam sure my score got impacted becuse of this. I also had a personal lon which i closed successfuly. I also had a ICICI bnk crdit card which ocourse s messed up due to ICICI lombard however i cleared tht also. i paid them the settlement amount 3 years back. I now applied for another housing loan and i produced by icici home loan statements proactively with letter. How do i clear my bad history in CIBIL nd ho do i get this home loan sanctioned. my repaying capacity is very good s compared to previous years.

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300 Manish Chauhan March 13, 2012 at 10:15 pm

Rajeshwar

First point , SETTLEMENT is going to be there on your CIBIL report for 7 yrs and it will impact very badly , have you checked your score ? Becasue you have been repaying your dues on time from last some months/years , thats why may be your score might got corrected , first check it .

HOwever all I want to tell you is that dont look for short cut solution , if your score is bad , then it might take few years to get it right .

Manish

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301 Ravi March 13, 2012 at 4:03 pm

Hi,

I applied for online CIBIL score last night. The payment was done and I also got through the authentication part (5 questions were asked). But I haven’t got any email or SMS for confirmation of payment.

Is this OK?

Regards,
Ravi

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302 Manish Chauhan March 13, 2012 at 5:07 pm

No Ravi

thats not ok , kindly mail CIBIL or talk to their cc and get it resolved.

Manish

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303 Ravi March 13, 2012 at 6:23 pm

Hi Manish,

Thanks for your reply. I forgot to mention that after making payment and authetication, I did get the following message on screen:
Congratulations ! Your authentication was successful.
We will e-mail your CIBIL TransUnion Score (Including CIR) within 4 business days*. The On-Line Payment Confirmation is
emailed for your record. For any queries on the status of your request, you can write to us with your Transaction Id at
info@cibil.com after 4 business days.

After that there is On-line payment confirmation receipt. Its just that I didn’t receive it in an email as mentioned by you and in the message above.

What is their CC contact number. Pls share.

Thanks,
Ravi

Reply

304 Manish Chauhan March 13, 2012 at 9:47 pm

Ravi

In that case better wait for few more days .. but nothing will be lost if you can just call them and talk about this . http://www.cibil.com/contact-us

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305 hanumant hrishikesh March 14, 2012 at 11:26 am

Got the CIBIL score of 697
I had only 1 Credit card taken in sept last year and do payment before due date and i and no loan running.
this rate OK for taking loans,if not,then pls suggest mesure to increse my credit score
Is there any criterion(range of score) for banks to sanction loans with different interest rates for different scores?

How to improve this rating..any ideas/suggestions..

Or is this rate OK for future loans…
Is there any criterion(range of score) for banks to sanction loans with different interest rates for different scores?

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306 Amit March 14, 2012 at 8:08 pm

Hi Manish – I have been issued a credit card from HSBC and has never used this card since then. But I came to know from CIBIL that there is a huge amount needs to cleared against this card. I checked with back for the information and credit card statement history. Bank people too doesn’t have any details in their database against this card except the amount shown in CIBIL.
Now, when I have never used this card and bank is asking me to pay the amount and settle the account, why would I pay the money which I have/ had never borrowed from bank.
Please suggest.

Thanks –
Amit

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307 Bhavin March 14, 2012 at 10:35 pm

Hi Manish,

I have applied for CIBIL report just now using credit card. Dint get any email but received confiramation about successful authentication and stating i will receive the report in 4 days. So Waiting :).

By the way I have already taken Home loan and 8 CC out of which i m using only two and paying the dues and EMI of Home Loan on time. All are lifetime free cards. Should i close remaining cards as i m not using them? I think i should have a good credit score. but still as I have already taken Home loan and personally i m very much against the personal loans and any other consumer loans, is there any reason for me to worry if my Credit Score is low?

Reply

308 Manish Chauhan March 15, 2012 at 2:26 pm

Bhavin

8 credit cards is too much , if you are not using it , then its not a good idea to hold all of them, Just carry 2 of them . thats all . Your score should be good . Also check the documents which you got with your credit card , see if lifetime free thing is mentioned or not

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309 Bhavin March 15, 2012 at 9:30 pm

Thanks Manish, I was also planning to close the other CC accounts. But apart from Loan is there anything to which CIBIL is related. As i told if i dont intend to take any loan in future, does it matter if I dont hv a good score.

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310 Manish Chauhan March 16, 2012 at 10:29 am

Bhavin

No , other than loans nothing else is considered as of now , but in future , even the phone bills and other utility bills will be considered. As of now these credit reports are only used to decide for sanctioning loans , and if you are sure you are not going to take any loan , then its ok – but you never know life, at some point if you need any kind of loan , then at that time you might repent that why you didnt improve the score now .

Manish

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311 Bhavin March 16, 2012 at 7:34 pm

Thanks Manish for your prompt reply, By the way received my CIBIL score. Its 810. I wonder where the balance 90 gone!!!!!!!!!! :) is it because there are some 22 enquires for credit card and 3 enquires for Housing Loan against my name?

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312 Manish Chauhan March 17, 2012 at 11:41 am

Bhavin

810 is good enough . Asking for 90 more is same as giving an ENGLISH exam without any mistakes and expecting 100/100 . That does not happen :) . 900 means you CAN NOT DEFAULT and its guarantee from GOD :)

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313 Bhavin March 17, 2012 at 5:23 pm

:). Very true. I have read in your article how people can mis use one’s financial documents. With the help of Such kind of report we can at least see that if there is any misuse and we can take some steps before the big blow. Similarly the TRAI should also go with similar mechanism to find out the No. of SIM Cards with you, how many times you hv defualted to pay a post paid bills, landline bills etc.

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314 Manish Chauhan March 18, 2012 at 12:05 pm

Bhavin

That will happen very soon , its in talks already !

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315 Ravi March 15, 2012 at 3:43 pm

Hi Manish,

I got the CIBIL report today and was shocked to see a score of 631.

On close scrutiny I found that an ICICI credit card with an overdue amount of 31000 is standing against my name since 2009. On checking the CC number I found that I was never issued such a card.

I tried calling ICICI customer care who then transferred me to their CIBIL department but nobody answered although I was on hold for 15 minutes. Pathetic !

Also in the report is mentioned a mobile number that I never had in my life. It seems someone else got the card issued in my name, used it and then didn’t pay.

In the report, I have my other loans and credit card which are duly shown as zero days overdue. Its just this one card that has spoiled my report.

What options do I now have to get this rogue credit card off my report? Pls advise.

Thanks,
Ravi

Reply

316 Manish Chauhan March 15, 2012 at 3:51 pm

Ravi

Calm down … I know you dont deserve this, but you have to accept this that you are one of those unlucky people who face this out of a big pool of people . These kind of mistakes happen a lot of times because of SAME NAME , now your next step is to raise a dispute resolution with CIBIL , read this article : http://www.jagoinvestor.com/2012/01/cibil-credit-report-mistakes-correction-steps.html .

CIBIL will get connect with the BANK and then ask them about it , and then CIBIL will let you know about this, which company is it (cc) , try to contact that cc company and ask for explaination .

Manish

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317 Anthony March 15, 2012 at 7:07 pm

Hi
I wanted to know my Cibil score after reading your article(Very informative). I filled in the online application, got a registration id also but then its a page cannot be displayed(Took a while). It didn’t prompt for online transaction. I filled in the application again but still page cannot be displayed(No Registration ID this time). Any suggestions ?

Reply

318 Manish Chauhan March 16, 2012 at 10:30 am

Anthony

Might be some techincal glitch for temporary basis . It works – Try 2-3 times .

Manish

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319 Raj March 15, 2012 at 10:42 pm

Hi Manish,

Got to know from HDFC that my car loan is rejected!! :(
because of Very low score (CIBIL)

Now i remember of my past….I was working for a BPO and earned good money. However, because of some circumstances, i left the job and continued with further studies. Everything was unplanned in my life and did not know about these consequences that i would face in my mature life.. I was aged 20 , I had a credit card which i settled, i had a bike that was taken away by bank because i didn’t pay.

Now, could you suggest me what should i do to get the clean reports in CIBIL?
Will bank provide me loans in my entire life?

Now i have completed my studies and i am earning 60K per month. And now i have a planned life. But cannot get a loan.

What if i need a home loan in coming years? I am aged 25 Now.

Reply

320 Manish Chauhan March 16, 2012 at 10:25 am

Raj

First thing is that you should apply for your score and check how much is it . Unless you get 750+ score, it will become very tough for you to get loan in future . All the past mistakes or sin which you have done will now come in your dreams and not let you sleep . You will have to settle all the money and only then you will get a clean chit from banks and on top of that for few months or 1-2 yrs you will have to show them that your repayment capacity is good .

Manish

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321 Raj March 16, 2012 at 12:04 am

Will a person not get a loan for lifetime if the CIBIL rating is BAD?

What if my CIBIL rating is bad and now i want to prove myself as a good guy?

Will this be considered?

Reply

322 Manish Chauhan March 16, 2012 at 10:21 am

Raj

Bad CIBIL score is a big issue . A bad CIBIL score will make sure you dont get loan from any bank, Now if you want to improve the path for that is not easy, you can only improve the score by taking a loan and pay it on time over 2-3 yrs. but now the issue if how do you get a loan ? So the answer is take a secured credit card or secured loan against a FD or property and then make timely payments for it for next 2-3 yrs . This is the only solution i Know

Manish

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323 Raj March 16, 2012 at 10:00 pm

Hi Manish,

This was a very helpful suggestion. I would get a copy of my CIBIL Report from the bank executive tomorrow.

I would be updating my score on this blog so that you could be in better positions to give me some suggestions as in what next…

I have a bounce of 8 cheques of bike ECS. and i am worried that would turn to be pretty low score.

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324 Manish Chauhan March 17, 2012 at 12:36 pm

Raj

Sure .. let us know your score once you get it .

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325 Vijay March 16, 2012 at 2:06 am

Hi, this is vijay and i have a lot of questions.
1. I had 3 credit cards out of which 2 are settled. 1 is not settled. I also have a personal and bike loan, both unsettled and i have defaulted.
2. I was with a good company few years back and things went on smoothly. But later lost my job, my business ran into losses and also met with an accident. All these put in a situation where i am unable to take care of myself.
3. I can’t even settle the loans and credit card. Even if i settle, my name will stay with cibil for next 7 years. What will happen if i don’t settle or pay off?
4. Since cibil asks all info about us, it can also update the banks with my info. What do u say?
5. U also mentioned that a bank cannot follow up after 180 days, but icici guys are thretening my previous house owners even after 2 years. Is there Anything that i can do?
If i have to pay off my loans and credit card, some miracle should happen, and i don’t think it can ever happen?
Is there any solution?

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326 Manish Chauhan March 16, 2012 at 10:19 am

Vijay

3. Settlement of loan is not a right thing, even if you SETTLE a loan (pay less than the exact, just to close the matter) , or dont pay , your name will be marked as SETTLED and you will not get loan for minimum of 7 years.

4. NO , CIBIL does not ask any info from you , it onyl gets data from Bank and it never asks banks to update their info . Its already Banks –> CIBIL and never CIBIL –> BANK .

5. I have mailed you on a mail . look at it .

Manish

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327 Vijay March 16, 2012 at 4:09 pm

Thanks for the mail Manish. Will see what I can do.

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328 Siva Mohan March 16, 2012 at 11:21 am

Hi Manish,

I have submitted CIBIL form online and “Congratulations ! Your authentication was successful.” is the message. I haven’t uploaded (was never asked in the process) any attested photo copies of the required documents (identity and address proof). Should I be worried?

Thanks,
Siva Mohan

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329 Manish Chauhan March 16, 2012 at 11:29 am

No , thats how it is , even for me it went through this, you dont need to upload anything ,the documents which you checked, will be needed only when the online authentication is not successful . Dont worry at all . the score is on the way to your email in next 2-3 days . Enjoy ! . Do let us know what was your score !

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330 Siva Mohan March 16, 2012 at 11:47 am

Thank you for the quick reply Manish. :)

I never misused or delayed any CC payments. The only worrying thing I have is wrto my old (cancelled) HSBC credit card. I had moved to a new location (while was card was due to expire) and without any communication my credit card was renewed and I received a statement after 6 months with outstanding bill of 9k (Primary card membership fee, additional card annual fee, service charges and late payment charges). I spoke to customer care and found my card (renewed card which I never received) was blocked. Wrote an email to concerned authority and received couple of emails saying

“Please note that we have reversed the charges levied to your card account and zeroised the same on 18 February 2010. The zeroisation of your card account would be reflecting in the subsequent statement.”

“Our records reflect that the card has been invalidated with effect from
11 November 2009 and the outstanding balance on your card account as on
date is nil.”

Now, I want to check if this has affected my CIBIL report and I am planning to go for a home loan soon.

Appreciate any suggestion from you.

Thanks,
Siva Mohan

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331 Manish Chauhan March 16, 2012 at 11:57 am

Siva

Yea renewal happens automatically and it must be clearly mentioned in the documents which you got in start . Check your CIBIL score so that you are very clear about the status .

Manish

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332 Siva Mohan March 16, 2012 at 6:00 pm

Hi Manish,

Received my CIBIL score.. it’s 816 :)

Thanks for your suggestions and blog.. Learned, Implemented and guided many pals in financial planning.

Thanks,
Siva Mohan

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333 Manish Chauhan March 17, 2012 at 11:54 am

Good to know that Siva :)

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334 hanumant hrishikesh March 16, 2012 at 1:14 pm

my cibil score is 697,pls tell me wheter it is avearage,satisfactory and enable to me get home loan

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335 Manish Chauhan March 16, 2012 at 1:39 pm

Its below average , you need atleast 750+ . In 2011 88% of the loans sanctioned had a score of 750+

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336 hanumant hrishikesh March 16, 2012 at 4:22 pm

this means i leave all hope to get loan in comimg 2-3 months

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337 Prasad March 16, 2012 at 4:44 pm

@Manish: Thanks for the info. If I remember correctly, the last time I applied for a CIBIL report a couple of years ago, I had to pay about Rs.100 or so. It was an offline process and it took almost 10 days to get the report. Even so, the current price of Rs.450 seems to be a lot on the higher side.
That said, I applied for my report today morning at about 8 am, and paid the amount through my credit card. A couple of hours ago, I find the report in my inbox. That was fast. :) I knew my credit record was good, and as expected, I have a score of 831. Good enough, I guess.

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338 Manish Chauhan March 17, 2012 at 11:56 am

Prasad

831 is really a good score .. good one !

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339 Raj March 16, 2012 at 11:48 pm

Hi Manish,

If in future i plan to take a home loan.

Now that i know i have a low score in CIBIL, i would want to go ahead with for home loan with my wife. She should have an excellent score and has never taken any loans in her entire life but the fact is, she do not earn a good salary and i do. So, will i be able to get a home loan if we share the loan on both of our names?

Will the bank take an average of both of our scores and provide us the loan?

Raj

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340 Manish Chauhan March 17, 2012 at 11:27 am

No Raj

In that case the bank will not allow you to be co-applicant , because ultimately you are one of the person who is taking the loan. They dont do any average :) .

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341 Ritesh govila March 17, 2012 at 2:07 pm

Hi All,

Could any one of you please tell me about default in education loan.

As i was unable to pay my education loan installment for 5 month due to i was jobless that time. But the Bank has declared my account NPA and asking for the 50000 rupee ( 5 emi * 10 ) that i was unable to pay to get my account regular but i dont have 50000 rupee and unable to pay my loan. I dont have good job.

Could you please tell me what action can bank take against me or what should i do .Thanks in advance
Ritesh govila

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342 Manish Chauhan March 17, 2012 at 2:35 pm

Rithesh

Was this education loan secured or non-secured ? Did bank take any gurantee ? Because if YES , then bank can take legal action to attach that property , but if there was no property attached, then they cant do anything legally , but they will mark you as defaulter and your credit report will be messed up , which will not let you get any kind of loans for years .

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343 Sahil Bhatia March 18, 2012 at 4:14 am

Hi Manish,

I applied for my CIBIL score on 2 March and yesterday I got a mail from them stating :-


Dear Sir,

We refer to your request to purchase your CIBIL TransUnion Score.

In this regard, we would like to inform you that we have processed your CIBIL Report request. However, we regret our inability to generate a score on your report due to the following reasons:

. Account information not available
. Your report has only enquires and account information not available
. The last date reported or date closed in your report is older than 24 months for all accounts
. Consumer is an ‘Authorized’ user for all the accounts in the report

In view of the same, we have processed refund of Rs 308/- (Cost of CIBIL TransUnion Score) on 16/03/2012 via Online Payment mode.

Your CIBIL Report is processed and will be despatched on 19/03/2012.

Thanking and assuring you of our best services.

Best Regards
Consumer Relations”

I provided all my details as mentioned in your article. Where did I go wrong ?

Should I follow-up with CIBIL on this or file for a score again ?

Waiting for your reply !

Thanks
Sahil

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344 Manish Chauhan March 18, 2012 at 11:21 am

Sahil

You have a credit card or some kind of loan , right ? Because incase you dont have any loan/cc , then it might happen that there is no SCORE as such , its actually not good . You should own a credit card or something so that your score starts building !

Manish

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345 Sahil Bhatia March 25, 2012 at 9:08 pm

Hi Manish,
Thanks for the reply on your blog !
Yesterday I got a hard copy of the CIBIL score.
It said that my score was ‘NH’. The CIBIL report does say

A Score of “NA” or “NH” is not a bad thing at all. These mean one of the below:

a) You do not have a credit history or you do not have enough of a credit history to be scored, i.e. you are new to the credit system

b) You do not have any credit activity in the last couple of years

c) You have all add-on credit cards and have no credit exposure

It is important to note that while these Scores are not viewed negatively by a lender, some lenders’ credit policy prevents them from providing loans to an applicant with Scores of “NA” or “NH” (applicants with no credit track record). Hence, you may have better chances applying for a loan elsewhere.

I am just a little concerned since I am planning to go for a home loan soon.
Do you think that this might affect the home loan ? Has anyone seen a live example where a bank denied a loan due to this ?

Thanks

Sahil

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346 Manish Chauhan March 26, 2012 at 2:56 pm

Sahil

I am not sure if really someone was denied, but what you should do is search on net using keywords like “denied” “home” “loan” “cibil” “NH” “NA” . I am sure you will get something useful

Next question is , did you see your report in detail ? Your past loans must be there, are you not using your credit card , if you dont have one , please apply one and pay off the bills on time (make sure you have bills) . If you still have 6-8 months to apply for home loan, I am sure you can get a SCORE :)

Manish

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347 Sahil Bhatia March 27, 2012 at 12:02 am

Hi Manish,

Thanks for the reply !
I will surely search the net for more information and I also think that there shouldn’t be any problem getting a Home loan.
I do not have a credit card and frankly speaking, don’t wish to have one. I did had an education loan (from PNB) which I completed/paid up like 6 months ago. I think I will get in touch with PNB and confirm with them if they updated CIBIL about my loan since it was not updated with them in the report.
All that was updated with them was a for a credit card inquiry (which I did not make with my bank i.e. citibank and they issued to me without my consent ).
Thanks again Manish !

Regards
Sahil

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348 Manish Chauhan March 28, 2012 at 2:16 pm

Sahil

I think there will be issue . As you dont have a credit score, thats the main issue , a lot of banks need that you should be having a CREDIT SCORE , a number ..

So at the moment you dont have it , can you also check with Experian and Equifax about your score, it will cost a bit , but lets make sure that things are falling in place before you apply for home loan. If loan gets rejected for ANY reason, it will be a negative thing :(

Manish

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349 Sahil Bhatia March 19, 2012 at 1:33 am

Hi Manish,

Thanks for the reply !
I did had an education loan which I completed/paid up like 6 months ago.
Do you think this will count ? Do you think that their database is still not updated.
I am planning to go for a home loan soon.
Do you think that this might affect the home loan ?

Thanks
Sahil

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350 Ravi March 21, 2012 at 6:44 pm

Hi Manish,

After getting the CIBIL report, I filed a dispute with them since a credit card was shown in my report that was never issued to me.

Yesterday, I got the following response from them:
——————————
We had done an in-depth analysis of the dispute raised by you and it was observed that the information pertaining to another individual’s credit report was inadvertently mixed with your report. We have immediately taken corrective action to separate the information.
——————————-

I had a sigh of relief. Thanks to your informative article I was able to take necessary actions to have my CIBIL report corrected.

Now, how can I know my revised CIBIL scores after this entry is removed. Do I have to again make a payment to get my revised score? Pls advise.

Regards,
Ravi

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351 Manish Chauhan March 21, 2012 at 6:51 pm

Ravi

Sadly you will have to again apply for your report and check it once again , but now wait for few weeks I would say , after 30 days reapply and again check the score ! .

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352 Anthony March 21, 2012 at 7:49 pm

Hi,

I would like to know whether Education loan has anything to do with Cibil Scores.

Regards,
Anthony

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353 Manish Chauhan March 21, 2012 at 7:56 pm

Anthony

All the loans have to do with CIBIL Score ! .

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354 Anthony March 21, 2012 at 8:13 pm

Hi,

Thanks for the Info. I really wonder how they allot a personal loan for me last month because i haven’t paid my education loan for the past six months. I’m trying to get the Cibil score(To see my Score), but site is not allowing me to do a Online payment. Let me try it again now.

Regards
Anthony.

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355 Manish Chauhan March 22, 2012 at 12:35 pm

Anthony

that means that they might have not updated to CIBIL about this, or even after updating your score is decent enough .

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356 pradeep March 27, 2012 at 7:19 pm

Hi Manish,
Recently I applied Cibil report and got score report , it was 766.
I used 2 credit cards and one personal loan, but those are setteled that time, Now i could see the status like RESTRUCTURED LOAN, POST (WO) SETTLED and WRITTEN-OFF in Score report.
So what is that meaning of statuses , How do i clear that statuses, Can you please tell me
Is there any chances to get Loans and Credit Cards now ?

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357 Manish Chauhan March 28, 2012 at 12:08 pm

Pradeep

As you have settled the accounts earliar , thats why these status are appearing , these are all negative points and will not help in future, better pay off all your unsettled accounts till date. http://www.jagoinvestor.com/2012/03/loan-settlement-hurts-cibil-report.html

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358 Naveen Chawla March 29, 2012 at 3:49 pm

The issue is that majority of the people (even those with access to technology) do not have much knowledge about credit scores and how they work. This article does put into perspective the process of how to go about applying for the CIBIL scores. I also found this article http://www.moneyivy.com/blog/2012/02/cibil-scores-a-primer/ which talks about the importance of CIBIL score. Infact, this site has some really insightful articles as well. Thought it might be helpful for this article readers.
Naveen

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359 Manish Chauhan March 29, 2012 at 5:42 pm

Naveen

thanks for suggesting that article .

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360 Mujeeb March 29, 2012 at 8:03 pm

Hi Manish,
I got my cibil report and score within 1 days (applied on 28-03-2012 and got it on 29-03-2012) delivered to my email. My score is 825

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361 Manish Chauhan March 31, 2012 at 12:15 pm

825 is a good score .. great !

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362 Arjun Mann March 30, 2012 at 12:24 am

How this cibil score is validated what information is used by banks to access if anyone is defaulter or not

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363 Girish.jayasoorian March 30, 2012 at 1:15 pm

Applied for the CIBIL score online ..did not go through (was down to my older version of IE) neverthless as I had paid online ..went the normal route and CIBIL promptly couriered me the report ..My score was a 843 so am not complaining.

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364 Manish Chauhan March 31, 2012 at 11:53 am

Thats a great score Girish !

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365 hanumant hrishikesh March 30, 2012 at 2:57 pm

hi,
My cibil score is 698.I want to know how much time it require to improve my score.since last one year i used to pay mycredit cards bills in time and there is no others loan in my account

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366 Manish Chauhan March 31, 2012 at 11:51 am

Did you make any mistake in your credit behaviour in last 2-3 yrs ? Because 698 is not a great score … it will get better with time , wait for 1 yr i would say !

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367 Kunal April 3, 2012 at 5:00 pm

Hi there,

In the past I had a dispute with ICICI Bank and they kind of messed up my CIBIL score. This was back in 2007. I was finally able to resolve this and my other loans but somehow they are not updated in my CIBIL score yet. What do I do to get this rectified as being in the 30% tax bracket, I am still not able to get a credit card. Kindly advise!

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368 Manish Chauhan April 3, 2012 at 5:07 pm

Kunal

What exactly is the issue , the “dispute” was because of whose mistake/ignorance ? ICICI will update CIBIL only those things which is in his records . Please expand on what was the exact issue

Manish

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369 Kunal April 4, 2012 at 6:20 pm

Manish,

I had taken an instant loan based on my savings a/c but the ICICI lady put someone else’s phone bill as the address proof and not the one that I had submitted. As a result there was a lien put on my account and I never could never use the loan which just sat in my a/c. They started calling me to pay the installments and I fought that you guys blocked my a/c and why should I pay if I did not use it. To cut the long story short…after I threatened a legal case with all the evidence, finally the collections people budged and they first removed the lien and then I simply wrote them a check to take the money back. Did not pay even a single penny as interest as I never used it. But those idiots never updated the CIBIL score and here I am sitting with a score of around 700 or so.

What do I do in this case as I simple got ripped because of ICICI’s fault and not mine. Thoughts ?

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370 Manish Chauhan April 6, 2012 at 10:23 am

Kunal

You are unlucky in that case , you need to check this with ICICI again and ask them to update CIBIL , if they dont agree , then you need to go to next level and go to banking ombudsman

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371 Suhas April 3, 2012 at 10:58 pm

Have applied for report online, even though i hav no loans and just one CC, need to check how my score is as i know may be in future i will go for loans
hoping for a good score as i took my CC just last yr and payed dues correctly on time

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372 Manish Chauhan April 6, 2012 at 11:05 am

Suhas

I am sure your score would be good

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373 prashant pareek April 5, 2012 at 9:54 am

sir, i want to know my cibil report.. how to know.. my pan no is amlpp4028q and my dob is 16-07-1984…

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374 Manish Chauhan April 5, 2012 at 5:20 pm
375 Suresh April 5, 2012 at 10:12 am

Hi Manish,

I am one of the many readers of your wonderful blog and getting knowledge about personal finance through your informative articles.

I have got my CIBIL report yesterday and the score is 608, which is far below than the expected score. When I checked my report, it contains a credit card issued by JM Financials, which does nt belong to me and is in WRITE OFF state with pending due amount of 79.5K. When I called up the customer care of JM Financials, she verified the details and confirmed that name and addresses are not matching (His name is Suresh Kumarsan, my name is Suresh Kumar Telu), but date of birth is matching. She suggested me to check with HSBC customer care as JM Financials is a HSBC Bank Subsidiary. I couldnot reach HSBC on phone as the IVR is not directing me to representative without entering credit card number. The bank is not nearby to my residence and considering my working hours, it would take atleast 2 weeks to visit the branch. The report also contains 4 addresses, out of them 2 were in Haryana (I never stayed anywhere out of Hyderabad).

This is not the first time it happened to me. Previously when I applied for CIBIL report (that time it was 140/- online payment and CIBIL used to send a hard copy), that contains so many credit cards and loans from different banks which were never used by me. When I contacted the CIBIL, they told they are not held responsible for the info provided by the banks and directed me to check with the banks directly. It took me almost 2 months to get them cleared by following-up with all the banks and multiple visits to the branches. OMG thats a waste of MY TIME due to mistakes committed by someone else (banks here).

I am planning to take a home loan in couple of months and your article alerted me to check the CIBIL score again before applying for the loan. So my loan would definitely be at risk considering the current CIBIL score. I am bit confused now and pls suggest what I have to do to get rid of these repeated errors from the banks in my CIBIL report.

Thnx.
Suresh.

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376 Manish Chauhan April 5, 2012 at 5:17 pm

Suresh

CIBIL is correct here.. all they do is update the records as per BANK info , so here the bank is at fault . I think you can threaten the bank on why they messed up and it has caused severe time and mental agony , I think they will do the corrections fast due to this . So file a despute resolution with CIBIL stating the exact case http://www.jagoinvestor.com/2012/01/cibil-credit-report-mistakes-correction-steps.html

After that follow up with bank also and mail them along with a cc to RBI mail (just to threathen) . This should speed up the process . Can say anything else other than “bad luck” .

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377 Veman April 6, 2012 at 11:53 am

I applied online and able to authenticate succesfully. The email with the score+CIR report was sent to me within 24 hours.

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378 Manish Chauhan April 6, 2012 at 4:38 pm

Great to hear that .. how much was score !

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379 Veman March 11, 2013 at 2:28 pm

My score is 796, i was in belief that my score surely higher than 800 but it is not.
i have taken three personal loans in three consecutive years, and payed them in time(even i pre-closed the two in that), may be this three personal loans was the reason for score less than 800, what do you say manish ?

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380 Manish Chauhan March 13, 2013 at 11:54 am

Yes, 3 personal loans shows credit hunger , not a good thing

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381 RR April 9, 2012 at 2:04 pm

Manish,

Is CIBIL score confined to a range.. say 0 to 1000? You had mentioned that above 750 is very good and above 800 is superb. I am trying to understand the min and max score so that we can judge the level of our individual score.

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382 Manish Chauhan April 10, 2012 at 4:00 pm

the range is 300-900 .. more is better

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383 RR April 11, 2012 at 12:11 pm

Hi Manish,

I always wanted to check my score but postponed due to the paper work and the time it takes. Thanks for this article.

I ordered for my CIBIL report online and got the report within 24 hours. But was shocked to see the CIR data. It was completely messed up.
1. My credit card details are not listed. I hold ICICI card from more than 5 years and have excellent payment history. Instead some other bank credit card which I never applied is listed.
2. I took a consumer loan long back from Bajaj Finance and paid back all EMI on time through ECS. The loan status is closed… but the Current Balance has a big figure. What does that mean? Will this impact score?
3. I have an add on card with Citibank which I have never used. Though I am not the primary card holder, the loan and payment details are listed in my CIR. Will unused add-on card also impact?

Please clarify. I am now trying to read your “How to Resolve mistakes in your CIBIL credit report?” article.

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384 Manish Chauhan April 17, 2012 at 8:32 pm

RR

Good .. in that case you must have come to know that you should check with your banks and ask them to update your records with CIBIL , also raise a dispute resolution with CIBIL and them to cross verify with banks on this !

Manish

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385 vivek April 12, 2012 at 4:27 pm

do u really wanna c ur cibil…
y?
not much u can do regarding this.
if u r looser since birth…
u will b the same with poor cibil.
if u hav done well in past…
u wil definitely b good at things with good cibil.
then
y 2 check ur cibil
n get registered…

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386 Manish Chauhan April 17, 2012 at 7:31 pm

Vivek

What is the conclusion of your comment ?

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387 MAHENDRA KUMAR CHEJARLA April 14, 2012 at 1:32 pm

Dear Sir,

I have cleared my sbi credit card outstanding long back. recently again they forced me to pay the outstanding amount. finally they agreed for Rs.35000/- as a settlement amount. i have cleared it on 26.03.2012. Npw i have applied for a loan in HDFC BANK. They said that, my score in cibil is 6 presently. I don’t have amy outstanding at present. Please look in to and see that my credit score is more tham 7.

Thanks & regards

Mahendra Kumar. Chejarla

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388 Manish Chauhan April 17, 2012 at 3:39 pm

Mahendra

DId you “settle” your loan outstanding ? If thats the case, it would be reported in the CIBIL and is negative ,you will have to first clear all the loan outstanding !

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389 ketan April 16, 2012 at 7:42 pm

Hi Manish
I got CIBIL score as 730. I had settled my credit card account & also settled a DD given against the cc ac. so two different settlements on same card. my on going loan are personal loan, home loan & consumer loan. of these loan i had bounces in the past but since last 6 months i am paying regularly & there are not any dues.
now i want to apply for vehicle loan. will i get it.
also do the banks get the report in the same format as I got?
does the settled amount of cc is disclosed to the other banks?
If I am ready to pay balance dues of cc to ABN Amro bank will they agrree upon now after settlement & clear my acount as closed in cibil.
also there is one line mentioned as exclusion codes: one or more accounts with suit filed status in past 24 months. pls explain the meaning

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390 ketan April 17, 2012 at 4:12 pm

hi manish
Hi Manish
I got CIBIL score as 730. I had settled my credit card account & also settled a DD given against the cc ac. so two different settlements on same card. my on going loan are personal loan, home loan & consumer loan. of these loan i had bounces in the past but since last 6 months i am paying regularly & there are not any dues.
now i want to apply for vehicle loan. will i get it.
also do the banks get the report in the same format as I got?
does the settled amount of cc is disclosed to the other banks?
If I am ready to pay balance dues of cc to ABN Amro bank will they agrree upon now after settlement & clear my acount as closed in cibil.
also there is one line mentioned as exclusion codes: one or more accounts with suit filed status in past 24 months. pls explain the meaning

Reply

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391 Manish Chauhan April 17, 2012 at 4:55 pm

Ketan

730 is not a great score . it should be atleast 750+ and ideally 800+ should be targetted .. you might face issues while getting the loan . make sure that all the future payments are done on time .. The settlements done earliar are negative points and might have some hand in low score !

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392 ketan April 16, 2012 at 9:46 pm

one more question:
after availing any loan does the score goes down?
what should be the time gap inbetween availing two loans so that score remains high?
also whether the two sttlements of cc which I did will permanently affect my score?
does the foreclosure improves score? should I go for foreclosure of my all the loans to avail the vehicle loan. pls guide

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393 Manish Chauhan April 17, 2012 at 12:07 pm

Ketan

Availing the loan will not affect the score. . it the repayment history which will affect
The time gap should be at least 6 months
Settlement will affect , but not permanently, but atleast 7 yrs
No , forclosure will not improve the score ..

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394 Ashutosh April 17, 2012 at 12:21 am

Dear Manish,
Thanks a lot for such a nice post. I started working in Delhi from July 2009 and that time I was not aware about the CIBIL scores. As you are aware that various email comes to our email (from different banks) to apply online for a credit card (with some rewards attached with that). I fell in that trap and applied for many cards (even multiple times). However, I could not get a credit card at that time (I was told that the area where I live is considered as a negative area).
I got my credit card approved from SBI and HDFC banks simultaneously when I shifted to a new location and I am using these cards for about 16 months. Recently, I have taken two more cards from Citi Bank and Kotak Mahindra Banks also (3 months back). I have never made default in any payment, however, my uses are plenty high in some months (There was a marriage in my home so I used CC heavily, however, I payed all the dues in time).
Recently, I applied for my CIBIL score through online mode. I received my score next day, which is 769. I want to know that whether, it is a good score or not. Moreover, I found many queries (that I made for a credit card even before sanction of the cards). I am also thinking to close my SBI card after clearing all dues. How will it affect my CIBIL report??
I want to maintain a good credit score. Can you please suggest me what should I do now??

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395 Manish Chauhan April 17, 2012 at 11:34 am

Ashutosh

769 is a good score .. but 800+ is really a good one and desired.. Closing the credit cards is not going to do anything in improvement of score! . A better think would be to just make sure your credit behaviour is better in future !

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396 Ram April 22, 2012 at 10:55 pm

Hi Manish, seeing your line “I will apply soon”, realised that I was one of those.
Finally applied now :)..Keep the good work going..

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397 Manish Chauhan April 23, 2012 at 10:14 am

Great .. you should be able to get a score very soon in your email , do share how much was your score

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398 Arup April 23, 2012 at 6:12 pm

I was in the process of applying for my online CIBIL report and completed & submitted the form and then made payment online from my bank account and a CIBIL Registration no.got generated. The amount got debited from my bank account but neither any authentication questions were asked, nor any payment confirmation screen was displayed. Rather some error screen got displayed.
Am apprehensive whether the application has been submitted/ report will be issued.
Kindly advise.

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399 Manish Chauhan April 23, 2012 at 6:15 pm

Arup

DOnt worry much on this .. If the amount has been debited from your account, then just call customer care and they will help you on this

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400 George April 26, 2012 at 3:01 am

Hi Manish,

Thanks for the wonderful post and the blog. After reading your post I applied for CIBIL score and some how managed to authenticate online. I got the score in less than 48 hours. The score is 837. Now the real fun part is the report is full of errors starting from my name. I don’t use my initials but the report mentions my initials. Wrong phone numbers, Address etc. I have raised an online dispute now.

The report gave me a history of number of credit cards I used. There are total 8 credit cards, one personal loan (closed) and a home loan (ongoing) mentioned in the report. Out of 8 cards, currently I am using 2 cards and all others are closed after paying outstanding amount. One ABC credit card shows INR50 as balance but status is closed.
Actually, two years before I had got a call from a number from Delhi saying that I have a huge outstanding on one of ABC card. He gave me the correct credit card no, my personal credentials, employer details etc. He said the out standing is Rs.1,16000 or so. I was sure that I never used the card to this extend. He even suggested to go for settlement after paying Rs.25000. I asked him to send me all transaction details bu e-mail and if I used the card I will pay the amount. But he never replied. I am sure he might have got my details from ABC bank itself.

Later I wrote a mail to SBI stating this incident. But did not get any reply except the auto responder. Six months later I fowarded the mail to ABC card’s nodal officer and got an apology mail and said that there is no outstanding on that card.

I wanted to see whether the above said transaction is reflecting in my CIBIL but thankfully it is not.

About CIBIL as a whole I feel there are lots of scope for improvement. The website reminds me of IRCTC website. After I made the payment and authentication, there was a message saying that payment receipt is mailed to my email ID. But that mail never came. But the report came before 48 hours. Now I have raised the dispute but again there is no e-mail confirmation.

Hope they will correct the wrong data very soon..

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401 Manish Chauhan April 26, 2012 at 5:07 pm

George

Thanks for sharing your experience .. I suggest enquiring about that Rs 50 outstanding also and close it if they ask you to pay . Always make sure no amount is mentioned as outstanding in your report . Keep us updated on what happened !

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402 Raj May 4, 2012 at 2:36 am

Hi Manish Ji.
I need to know one thing. During some crisis I did 3 credit cards settlement and one personal loan settlements and some times few home loan EMI’s are over due. I came to know about my CIBIL score while Applied for one more personal loan it was 435 (The loan got rejected obviously)
I want to know is there any way to bring back CIBIl score normal Please guide me .

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403 Manish Chauhan May 4, 2012 at 5:09 pm

Raj

I had written about improving cibil score here : http://www.jagoinvestor.com/2012/04/tips-to-improve-cibil-credit-score.html

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404 Rajesh May 6, 2012 at 10:02 pm

Hi Manish,

Thanks a lot for your good article.

I have applied my CIBIL score via Online authentication method .I got my score very next day to my email and my score is 799.But i Have some queries ,In Cibil report it shows only my current HDFC credit card details only.I had an Home loan(Taken on 2008) with PSU bank and closed it last month and also I Had an Credit card(Not closed Properly in 2004) &Personal Loan(Closed) in the year 2005 with a Private bank.Except my Present credit card details with HDFC bank ,rest all details are not captured in my CIBIL report..This means my CIBIL report is not updated properly or those banks haven’t updated my details with CIBIL?..I have plans to take a Home loan next month..Is there will be any issue to my new Home loan? Please share your thoughts on this..

Thanks
Rajesh

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405 Manish Chauhan May 8, 2012 at 2:47 pm

Rajesh

that means that the banks have not updated CIBIL about it , It happens at times and you should contact the banks for this .

Also you never know what happens to your credit score if you ask those banks to update those things , if most of the things are negative , then it might impact negatively !

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406 Vijayaraghavan October 12, 2012 at 10:19 am

Dear Manish,

I have been continuously trying to reach CIBIL customer care in their working hours. After the welcome message, i have been asked to dial the extension number. If i dont dial, it says transferring to operator and the call gets disconnected. Any suggestions please?

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407 Manish Chauhan October 12, 2012 at 10:20 am

Not heard much about this, for most of the people it works ! .. What time were you trying ? It might happen that they have working hours in place like 10 – 6 :)

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408 Vijayaraghavan October 12, 2012 at 10:23 am

Manish Ji, thanks for the quick reply..Im trying at the current moment for the past 30 minutes.. i dont know what extension number to press?

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409 Manish Chauhan October 12, 2012 at 10:26 am

What number are you trying ?

Are you using numbers give at http://www.cibil.com/contact-us and also fill up that form which is for online contact , at the bottom

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410 Vijayaraghavan October 12, 2012 at 10:30 am

Im trying the number present in that site 91-22-66384600..
also tried the online form.. it din work.. i was wondering whomever tried the customer care directly managed to speak to the operator or do they about a specific extension number?

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411 Manish Chauhan October 12, 2012 at 10:40 am

Vijay

I just tried and I was able to reach the person , Not sure what you were doing exactly . Dial the number 022-66384600 . It will ask you if you want any information on cibil report etc and ask you to dial 1 , else directly press the extention number .

So press 1 , then it will ask for language , again press 1 for english and then it will give many options , and final option will be 9 for speaking to any customer care executive . Then press 9 . after 2 min , I was greeted by one lady Shruti who asked me if I had any issue :) .

So after dialing the number , follow this sequence 1-1-9

You should get it . Let me know if it works ! , I invested Rs 1 for this :)

Manish

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412 shourya May 8, 2012 at 11:44 pm

i applied online and got score of 847 within 36 hrs in email///

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413 shourya May 8, 2012 at 11:45 pm

thanks users for ur valuable comments and help!!!

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414 Sharad Gupta May 15, 2012 at 12:32 am

I applied for CIBIL score and got as 803, it is sufficient to have a home loan…..i do not have any type of loan issued to me currently and there is no default on any of the credit card for last 5 years……..

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415 Manish Chauhan May 15, 2012 at 9:44 pm

Check your cibil report , does it have any remark ? 803 is a good score !

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416 Sharad Gupta May 15, 2012 at 9:57 pm

I cannot find any remark…..however what you specifically mean by remark…what should i look for

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417 Manish Chauhan May 15, 2012 at 10:04 pm

I am talking about “settled” or “write off” remark . I assume that your credit history is flawless .. In which case you are clean and then you dont need to worry much

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418 Sharad Gupta May 16, 2012 at 10:17 am

No there is no such remark anywhere in the CIBIL report as “settled” or “write off remark”

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419 Manish Chauhan May 16, 2012 at 9:03 pm

Ok , then you are safe for now .. apply for the loan and have your fingers crossed .

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420 Hanuma reddy May 15, 2012 at 2:26 pm

hHi,
received credit card due Rs.112000.I was told that I have booked hotel in Jan2008 Rs.4500 and accumulated amount is Rs.112000.I never got cerdit card statment and last minth only I received the statement.Now the Bank has come to settlement mode and if I will pay Rs.10000 they will settle the total amount.Is there any problem in CIBIL if i settle instead of closing.

regards,
mhreddy

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421 Manish Chauhan May 15, 2012 at 9:28 pm
422 Vikas Singh May 16, 2012 at 5:44 pm

Hi Manish,

Thanks for this healthy piece of information.
I am in due process of applying my CIBIL report but in the mean time I have a query.
I took a credit card in 2007, and I was making regular payments for my purchases, but some 3 months later I got the statement that a health insurance policy was imposed on me and I need to pay nearly 11000 for the same.
I raised the complaint regarding this illegitimate entry to the bank and choose not to pay for it.
I went abroad for a year and didn’t pursue the case subsequently.
Since last 5 years, I have used 3 credit cards and never defaulted even once.
In these cases, where a consumer choose not make payment for illegitimate transaction but maintains a healthy payment history, how these cases are viewed by other banks? I am very sure my score won’t be high because of that issue but is the nature of default is mentioned in the CIBIL report?
I hope CIBIL don’t blindly looks from Banks perspective.

Profound Regards,
Vikas

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423 Manish Chauhan May 16, 2012 at 6:06 pm

Vikas

Sadly in your case , there would be remark of this . Most probably the CIBIL report might have late payments or no payments or worse “written off” if bank has declared that you are a bad customer and it wont be able to get anything back from you .

Now coming to point . The health insurance policy was issued to you , Was it part of the documents you signed ? Or was it ever mentioned to you over phone (telemarketing) ? That might be the case.

Pursue it soon and settle this case .

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424 Ratankumar May 18, 2012 at 2:51 pm

Hi manish
I had applied for my cibil score and got it and saw the details, that i have 3 Written off status and one settled status. i spoke to bankers and paid the remaining amounts and took the NOC also. After this I spoke to CIBIL and check all my statuses are cleared and iam fine now. But my score was 563 before clearing my debts with banks and now its 611 only. for applying any loans or cards they are looking for atleast 750 points. So how can I increase my score. I am looking for a home loan now. can you please suggest me in this case to get the home loan?

Thanks
Ratan

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425 Manish Chauhan May 19, 2012 at 7:33 pm

Only with time when you pay your dues on time, it will take your score up , see http://www.jagoinvestor.com/2012/04/tips-to-improve-cibil-credit-score.html

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426 Naveen May 21, 2012 at 8:10 pm

Hi Manish,

I have heard that each time some financial institution checks your credit score its like a bad remark on your score overall. Is that true and does the same applies if i try to check the cibil score myself ?

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427 Manish Chauhan May 22, 2012 at 7:39 pm

No , this is not true .. your remark get bad only when you enquire for new Loans especially when you are in bad state . Else nothing is bad like that

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428 Sridhar May 22, 2012 at 6:21 pm

Hi Manish,

I had maintained two credit cards (say Card1 and Card2) of ICICI from 2007 till 2009.

Card1 is in Cancelled state due to irregular payments (as per customer care) from 2009. Around 48K amount was deducted from my savings account (this is also an ICICI a/c) in May 2009 towards credit card payments and I had personally visited the settlement department in Hyderabad to “cancel” the creditcard, by then the Card1 was already in “Cancelled” state. There was certain amount (around 10K) which I did not pay on that card1. I didn’t even take any settlement letter from the bank authorities during that time. Recently i had applied for a credit card and it got rejected.
I had checked with ICICI customer care on card1 and they said there is no settlement done on that card and also there is no amount that I need to pay further on it as all the amount was already cleared on it.
Will I get all the details of my credit report from CIBIL and all the payments pending/done on the credit card? If I pay the amount which is pending on the credit card, how longer will it take to get a good credit scoring report?

Card2: This card is also in “permanently blocked’ state due to irregular payment.
I realized the need for good CIBIL report very lately; I had approached the customer care to find the amounts I need to pay. It’s almost 36K on card2, I started paying the amount regularly from last 3 months in small chunks and its 24K pending on it and I will pay the entire amount within next 5 months.
There was never a settlement done on this card, so how badly this late payment will affect my credit score and now after clearing the entire amount how much time will it takes to get a better credit score.

Also, i had seen from your previous replies regarding improving better score by applying for a secured credit card or secured loan against FD or property. What is a secured credit card(which banks are offering these). If we pay the amounts regualrly on these what are the chances of getting a good score and the amount of time it takes.

Regards,
Sridhar

Regards,
Sridhar

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429 Manish Chauhan May 22, 2012 at 7:02 pm

Sridhar

You should have first applied for your credit score/report and then made this comment . First check your report and see the remarks , It would clearly be written what is the status updated with CIBIL by the banks . Mostly card1 will not have any status or at best would be CLOSED (after all the payments). Card2 might be there but as the settlement is not done, the status would be pending payments etc .

But the bad payment history would have taken your score to very low levels , I expect it to be less than 600 , but at times we have seen that scores are not that bad. You cant be sure on this unless you check it .

Secured credit cards are generally given by any bank against the FD or some deposit . Check with ICICI also ! , check your report and then come back again . Note that just repaying the dues will not move your score. there has to be consistent payments record for that , which can be achieved through secured credit card only .

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430 Sridhar May 23, 2012 at 7:14 pm

Hi Manish,

I had my creidt score 583. Card1 status is ‘Settled’. I had checked with the ICICI bank customer care regarding the waiver amount i recevied during settlement and it was only around 4k. They said if I pay that amount they will remove the ‘Settled’ status(some credit builder program)

On Card2, no status has been mentioned and customer care said its still payment pending. as i mentioned in previous comment i had already started paying on this card.

Now iam ready to pay all the pending amount on both the cards, what are the chances of improving my score in future, do you suggest me to go for secured credit cards and improve credit rating. i may not require any loan in next 2 years, but will i ever get any future loans and how long it may take for getting good score.

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431 Manish Chauhan May 23, 2012 at 10:14 pm

Sridhar

You you have chances of getting loans in future , but you need to correct things first . Pay off that 4k for card1 and ask ICICI to update CIBIL on that . Pay off card2 first , but dont close it down , as you already have that card2 active you can use it . Please use it properly each month and make some bills (obviously spend what you really have to) and pay off the money on time, over 2 yrs , you should have a good score overall .

Manish

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432 Pankaj kumar May 25, 2012 at 6:16 pm

HI Manish,

recently i applied in one bank for loan and i come to know that my cibil score is -1 and still they are ready to give me the loan . Are they saying true..
What is the meaning of -1 score…

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433 Manish Chauhan May 26, 2012 at 10:16 pm

-1 means you dont have enough credit history to find out a score .. thats ok

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434 ved prakash gupta May 29, 2012 at 11:40 pm

hello sir
My cibil score is 528 ..I want car loan in hdfc bank …but bank financer is told me your two earlier a\c’s are settled or writeoff…so what i do to apply my car loan in any bank..

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435 Balasubramaniam May 30, 2012 at 10:07 pm

Hi Manish,
I have couple of questions
1. Will My father bad credit history will affect mine?
2. If you have 1 or 2 credit cards will it affect my Credit Score?
3. Having Credit card will improve my Credit score?

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436 Manish Chauhan May 31, 2012 at 12:37 pm

1. No
2. Affect means ? If you pay your bills in FULL on time, then it will help you ,else it will go against you
3. Yes, if you pay on time and in FULL

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437 Roberto el Sandriano May 31, 2012 at 2:26 pm

Hi Manish,

I had applied for a housing loan sometime back. The agent came back to me after few days and told me that I wasn’t eligible for the same because I had defaulted a loan sometime. When I told him that I hadn’t defaulted on any loan, he showed me a report from CIBIL which stated that I had defaulted on my vehicle loan. When I checked the report, it was obvious that CIBIL had updated their records only till a certain date and claimed that I was a defaulter. The fact of the matter is CIBIL had failed to take notice of all my payments made against the loan, none of which was defaulted. Given this case, I am not sure how can anyone judge someone’s credit worthy using CIBIL produced credit report when CIBIL’s data itself is questionable. I do not understand how can bank’s/NBFC’s go by CIBIL’s word when their mechanism of data collection and verification is questionable. Coming back to my case, I had produced a payment details and a NOC against vehicle loan from the organization that I had taken loan which settled the case. Couldn’t stop wondering that CIBIL is a bottleneck rather than an enabler?
If CIBIL claims to be a watchdog on someone’s credit worthiness, they should be ready to face law suits if they produce wrong reports.

Regards,
Roberto

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438 Manish Chauhan June 1, 2012 at 3:49 pm

Roberto

I cant not say on behalf of any org nor can I blame anyone , but here is what I understand . CIBIL is not a watch dog . It updates the info which a bank gives . So in your case, the bank has not updated anything from their side about you after a certain date , CIBIL can only wait that a bank tells them about some thing , in your case, you should ask bank why they have not updated anything in CIBIL after a certain date , thats the bank job .

Manish

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439 suri June 4, 2012 at 2:19 pm

Hello Manish,

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440 suresh June 4, 2012 at 3:07 pm

Hi Manish,

I need your suggestion and clarification on my problem
Problem:

2007: I have two ICICI credits cards maintain properly from 2009 onwards I stopped payment for two cards out standing.
CBIL score: 550

2011, Nov: I have paid all the out standing amount( including their what so charges) and closed.
My question: when will my CBIL score will get updated and what is expected score after paying all the dues.

Clarification: one of friend told me that if we checked CBIL frequently the score will goes down, please clarify.

Please help me to get answer

Regards
Suresh

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441 Manish Chauhan June 4, 2012 at 11:34 pm

Suresh

Note that CIBIL score will not have much impact of this payment , this payment will just help you get your report clean , which is very important . Now you will have to show some kind of payment history by getting a credit card , other wise it will be very tough that it goes up

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442 Vinayaka June 6, 2012 at 9:53 am

Hello Manish

Good morning. Hope you are well.

First of all, I would like to appreciate for all the details given by you for all the people who have had doubts. Thank you very much!

It would be real helpful if you could give suggestion to my question(s):

a. I had a HSBC and Axis Bank Credit cards. I had made few payments regularly and I had closed both as a settlement after not paying them for few more months.
b. I had taken personal loan from Axisbank, which I had fully paid, as a fore-closure.
c. I had taken car loan from HDFC, which I had fully paid, as a fore-closure.
d. I had taken a top-up loan from HDFC bank, with reference to car-loan, which I had previously. I had fully paid as a fore-closure.

I have the closure copy from the bank for all the above credit cards and / or personal loans.

Few months back, I got few calls from bank / marketing agency asking for credit cards / personal loan. Even though, I did not wanted it, I had applied just for the sake of knowing, if I get them or not. Knowing the fact that I had closed the credit cards / personal loans and maybe, my name would be in CIBIL. As you may have guessed it right, I did not get any.

I have applied for the CIBIL score online today and I am yet to get the score by email or mail.

My question is:

a. If I had made the all the payment either by settlement (in case of credit card) or fore-closure (in case of personal loan / car loan) and if it has few of check bounce (loan), will that affect CIBIL score or would the bank representatives clear my name as default ?

Thanks much!
Vinayaka

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443 Manish Chauhan June 6, 2012 at 6:19 pm

Obviously , you are a very bad customer from CIBIL point of view .

SETTLEMENT is a negative thing, it shows you were not able to pay it and hence you will see a remark of “SETTLED” in your credit report . Also if there was any loan forclosure means , banks tried to recover the money from you when you were not paying , that would also affect your score .

So take corrective measures else in future you will not get any loan

Manish

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444 Vinayaka June 7, 2012 at 6:31 am

No, Foreclosure of all loans made as a full amount by person. It’s like, instead of waiting for the loan period to get completed, I made the full payment before 6 -8 months.

Can you guide me how to take corrective measures? Is that I need to pay all the remaining amount for the ‘settled’ credit ?

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445 Manish Chauhan June 7, 2012 at 10:46 pm

Here “settled” means you paid LESS than the outstanding and closed the matter . That is NEGATIVE THing , its reported to CIBIL , its very hard to correct it now , contact the bank and tell them you will pay the outstanding amount if they will update it as CLOSED to CIBIL after payment

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446 Vinayaka June 7, 2012 at 8:24 pm

Hello Manish

I received the CIBIL report and my score is 841. However, for one credit card, I have remark as “Settled”

There are also few enquiries I made to bank on credit card / loans in the past (3 years ago) and it also appears in the report.

Would the score of 841 help in getting me any future home loans ? Please let me know your thoughts.

Thanks
Vinayaka

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447 Manish Chauhan June 7, 2012 at 10:06 pm

Vinayaka

You have a problem . Even though 841 score is excellent . The report contains a card as “settled” and that is a big issue . How much was the settled amount ? How much less did you pay , was it a very big amount ? Because the bank will see the report and might just reject your application based on that “settled” remark , better not apply for any loan without working on it , because if you still apply and some bank rejects it , that point will also go in report and it will add to further negativeness .

Check with your credit card company what you can do about it and in which case they will “update” the CIBIL about it ?

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448 Vinayaka June 8, 2012 at 2:08 am

I had made payment of Rs 43K, out of Rs 85K (Including late payment / service charge / tax etc). The credit limit given was Rs 52K.

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449 Manish Chauhan June 9, 2012 at 12:34 pm

In that case your credit report would contain “SETTLED” as the remarks !

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450 Suresh June 6, 2012 at 2:53 pm

Dear Sir,

A week back I got call from Ahmadabad, it looked like the cell no and that guy claimed that he is calling from CIBIL, and he asked the balance amount of rs.19000 which he said is pending in ICICI credit, When I asked him, ok I will pay the amount pls send me the letter so that I know the exact status, but that guy started shouting me saying that he can not provide all those details, but if within one hour If I do not pay, he will black list my name in cibil.

I just want to know that does CIBIL call the customer for the recovery of the banks money? Pls help me on this.

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451 Manish Chauhan June 6, 2012 at 6:07 pm

No , it is a fraud call . CIBIL does not a call like this to anyone

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452 ravi June 7, 2012 at 5:38 pm

Dear Manish,

Can you please guide me that for someone who does not have any credit history, is it an advantage or a disadvantage in CIBIL? Like, say, a person just got a new PAN Card made, and after 2-3 months, applied for a Credit Card(citibank), but the bank expressed its inability to issue the card. I am perplexed, as to what can be the reason for this? Then I applied for my CIBIL score, and got the message that my authentication is not possible. On asking Customer Care, the guy told me that I may not have any credit score at all, thats why authentication failed. Ia m unable to understand that in this way, a person will never be able to apply for his first loan ever, because CIBIL won’t have his score generated, and banks’ policy would not allow them to give loan to a fresher! Its a vicious circle!

Dear Manish, if possible, can I have your number also, would like to have a discussion with you on some matters for general knowledge, I am seeing the good work being done by you on this forum, and would like to talk to you. Please help!

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453 Manish Chauhan June 7, 2012 at 10:13 pm

Ravi

Yes ,a person not having any loan history will not have a CIBIL score . However in your case , the bank must have rejected your application because of other things like low income , risky job etc or because you are a fresher ..

You can ask your question on our forum : http://www.jagoinvestor.com/forum/

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454 SURESH June 7, 2012 at 6:07 pm

Dear Sir,

Thanks for your reply.. Is there any way to complain this sort of fraud anywhere, so that they stop calling?

Thanks once again for your help.

Regards
Suresh

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455 Manish Chauhan June 7, 2012 at 10:10 pm

The problem is that its not a centralised fraud , its distributed and a lot of peopel are doing it , you can always report it to police

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456 VIVEK SONI June 8, 2012 at 8:26 am

I got my CBIL score 835.

Please provide me the details whether I can get credit card in future or not?
Previously I settled against SBI/HDFC/ICICI Credit card.

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457 Manish Chauhan June 9, 2012 at 12:33 pm

Settlement is a bad thing , it can block your getting credit card , thats the only issue , credit score is secondary !

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458 Suresh June 9, 2012 at 2:33 pm

Dear Sir,

I had taken card 10 years back and I defaulted in payment. Later I changed My job, and my address changed and I do not know what happened, because no one called me after that. after that 2 years back I applied for Home loan and it got sanctioned, and I am paying the installement regularily. But recently, I went to purchase the Fridge and my loan got declined as they mentioned that you are black listed in Cibil.
Now I would like to clear my old credit card dues, what I am thinking if I go to the bank and ask for the dues , they may add on lot of intrest and this may lead me to unable to pay the money. In this case pls advise your suggetions and guideline so that I can clear the credit card dues as well cibil report.

Regards
Suresh

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459 Manish Chauhan June 10, 2012 at 5:33 pm

Suresh

No matter what you will have to pay the final dues with added interest . If you dont do that it will be reported to CIBIL no matter what you do . There is no escape to this as far as I know and understand

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460 saroj June 10, 2012 at 12:00 am

Hi, I have taken a personal loan apprx 5 yrs back and had been paying the EMIs through the bank and it was a salary a/c one. after 1 yr, I had to move on with other opportunity and so does the a/c got closed all of a suddent. I thought to update my new bank a/c No with for Loan EMI deduction but got a call from one of the agents from the bank @ kolkata and he wanted to collect the EMI and stated he would keep coming month on month, post 8-10 month he stopped coming.
All this while, once I found one of the installment of the loan got dedcuted from my another ICICI a/c and it happened twice, all of a sudden this was also stopped and later there’s a mail sent for the due amount, to which I reacted and have paid off the rest of the amount @ one go and have received NOC from the bank. But still I found my name on CIBIL. Do I have a case to get off my name.

Saroj

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461 Manish Chauhan June 10, 2012 at 2:34 pm

Saroj

What is the status of the loan in CIBIL , is it written off or SETTLED , if yes then you first enquire why it happened when you have already paid all the amount .

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462 Senthil June 12, 2012 at 10:21 pm

Dear Manish,

I’m using for credit card last 4yrs. I’m paying my due perfectly.I had one personel loan and that had been closed. Presently i’m having one personel from HDFC bank, that is also i’m paying all my EMI ‘s correctly. Now i have applied for one more personel loan from AXIS bank. Due to some wrong documents my application was rejected.

Now my question is, after 2 months i’m going to abroad for my higher studies, that loan rejection will affect my visa process???

Please give me information regarding my doubts as soon as possible.

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463 Manish Chauhan June 12, 2012 at 10:40 pm

What is that “wrong” documents ? Are you talking about CIBIL score ? Did your loan rejection happened due to CIBIL . if that is true , then you are in trouble .. because seems like your CIBIL has some remark which probably is not true .. banks might have not updated some info or mistakenly updated some wrong info which is now affecting you . get in touch with bank and CIBIL both and raise a dispute resolution : http://www.jagoinvestor.com/2012/01/saving-account-number-portability-is-it-needed.html

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464 NAINIL BHATT June 14, 2012 at 5:23 pm

Dear sir,

I want to buy a bike, but bank didn’t senction my loan. they told me that some amount is pending for payment from my side. but i didn’t find anything pending amount for any thing.

How to resolve this problem?

nainil

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465 Manish Chauhan June 15, 2012 at 6:47 pm

First check your CIBIL Report , what does it say !

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466 Nitin Nimbalkar June 15, 2012 at 8:58 am

Hi Manish, Got my score yesterday. I dont believe but its 873!!!!

I had a home loan taken in July 2006 of Rs. 6,15,000. I paid out all EMI (also through prepayments) couple of months back. Took another home loan in August 2010 of Rs. 30,25,000. This loan is still being paid.Had a car loan on my name worth 2,50,000. Not a big fan of credit cards….

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467 Manish Chauhan June 15, 2012 at 6:16 pm

This must be because you have all the SUCURED loans and you are not defaulting !

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468 William June 18, 2012 at 5:15 pm

Hello friends, I have a query and interesting situation here to clear myself. I have a credit card with a Bank to whom i have given a wrong Date of Birth: I have changed my address too few months back from where i was at the time of card reception.They don’t have my PAN number and Passport number too. So my question is, whether these card details will map to me if i check using my PAN card and passport. And later,if i apply for a loan in another bank will they able to find that i have used a Credit card?

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469 Manish Chauhan June 18, 2012 at 6:03 pm

William

Most yes .. there can be other details like your name , address , etc . Based on that there is higher chances that you can be traced . But if you dont, it would be good for you . obviously there are chances of escaping out !

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470 William June 18, 2012 at 6:29 pm

Thanks for the Quick response!! I have applied for the CIBIL report online and waiting for the Report. Maybe i will update my Fate(i mean CIR scor :-)) here.

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471 Rakesh June 18, 2012 at 10:17 pm

Hi Manish,
Please find my Problem background:
I had ICICI Credit card due till last week and i have done Full and Final payment of the same on 3 days back.I am waiting for the No Due certificate and requested to updated CIBIL history in 60 days.I hopes that they will update the creidt history in 60 days. I have a personal loan also I from ICICI. I am planning to do the Full and Final payment for the same on 4 days.
Problem:
I wants to apply for a homeloan in 6 Months time,in January 2013. So i just checked the CIBIL score on inspired from your blog. For my bad luck and bad payment behaviour, score came as 507 :-(
But this CIBIL report has not yet updated with my credit card payment, since bank needed 60 days time to clear it.
Sameway, once i close my loan account in this week, i guess that CIBIL report will get cleared in 60 days time,i.e, by August end. These all are not settlement.Full and final payment only.
My Question is:
1.Will my credit score get increased in 5 to 6 months time, if ICICI update CIBIL my credit card and loan account as closed with zero balance.
2.If not, whether i will be eligible for getting home loan? I am just putting this point to make my situtations more clear. Currently i am having monthly income of 53k.

I am really waiting for your answer and advice on this. Thanks in advance!!

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472 Rakesh June 19, 2012 at 10:59 am

Hello Manish, I am thinking that you will be having a reply on my above issue. I have one more thing to add. For the personal loan,i have still 5 more EMI’s. I was thing to go for the Full and Final payment.But problem is that i won”t be having any credit(credit card or loan) to the bank to show my improved credit repayment capability. Should i go for 5 EMI’s payment ontime Or should i go for Full and final payment? I want my score of 507 to more than 750 in 6 months. Is that possible by any chance?

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473 Manish Chauhan June 19, 2012 at 11:01 am

You should pay your 5 EMI , that would be a better thing .. but I dont think it can take your score from 507 to 750 .

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474 Manish Chauhan June 19, 2012 at 11:03 am

Rakesh

I think its tough to take your score from 507 to 750 .. Its very tough .. Do you have any thing in past which was settled or you didnt pay it at all ? See the remarks on your credit report .

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475 William June 19, 2012 at 4:24 pm

No, I don’t have anything as settled. Yes,Two accounts are there as not payed. But last week i have done Full and Final payment for my credit card. bank said they need 60 days for CIBIL updation. And for my second Account,loan account,i will go for 5 EMI’s as you said.

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476 Manish Chauhan June 19, 2012 at 6:39 pm

Hmm, ok .. better check your CIBIL report once more after 60 days !

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477 William June 19, 2012 at 7:56 pm

Yeah,Sure.Thanks a Lot!!Lets see what’s waiting for me…

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478 Jai June 21, 2012 at 3:11 pm

When I applied for CR in June/July 2010 with my native address proof, they denied the report saying that the address is wrong, then I took address confirmation certificate from 3 different banks and sent to CIBIL. When I got the report, it had my native address, my present address and my work address.

I don’t understand why the hell, they are not ready to send the report to my native address since that also available with them.

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479 Manish Chauhan June 21, 2012 at 3:43 pm

they will send the report on the address which is the most recent one . Is that the case ?

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480 Praveen June 25, 2012 at 11:11 am

Hi Manish,

Two year back I had a credit card and did a purchase online for website.
After tenure of website got over, they kept on charging me every month.
My old mail ID was locked out and I had to create new one and I moved on.
Later after 11 months I came to know there was outstanding amount.
I cleared it immediately and cancelled by card.

Recently when I applied a new credit card, They told my name was in CIBIL.

Any suggestion what I have to do now.

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481 Manish Chauhan June 27, 2012 at 11:07 am

That means your old bank has not updated your records in CIBIL properly . contact your bank and CIBIL

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482 Praveen June 27, 2012 at 11:24 am

How to contact CIBIL, I contacted the bank and they told everything is fine from their side. They told if I want they will send me my last account statement with no dues.

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483 Manish Chauhan June 27, 2012 at 11:30 am

Ask bank what update they have done on CIBIL Side ? Ask for explaination on that, then open a dispute resolution with CIBIL , here is the help article : http://www.jagoinvestor.com/2012/01/cibil-credit-report-mistakes-correction-steps.html

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484 Vikas June 26, 2012 at 7:11 pm

Hi Manish,

Had applied yesterday for CIBIL score & got today… Too easy & soon. Hadn’t thought it will come so soon.

Anyways my score is 791

Thanx Manish.

Regards
Parihar

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485 Manish Chauhan June 27, 2012 at 9:57 am

ok 791 is a decent score ! :)

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486 Sailendra June 26, 2012 at 11:54 pm

Dear Manish,

I never applied for credit card or any loan.But
recently I have applied for credit card but bank rejected my credit card because of the information they got from CIBIL.At that time I came to know about CIBIL and applied for Credit report.Today I got mail with below comments

we regret our inability to generate a score on your report due to the following reasons:
. Account information not available
. Your report has only enquires and account information not available
. The last date reported or date closed in your report is older than 24 months for all accounts
. Consumer is an ‘Authorized’ user for all the accounts in the report

What should I do now to get my score in Credit Report.I have to apply for home loan in couple of months.I need your suggestion.

Thanks,
Sailendra

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487 Manish Chauhan June 27, 2012 at 9:36 am

Mostly you do not have any credit report . The rejection from bank may be because you might have enquired too much in past . Its very important these days to have a good credit history and report .If you do not have that again becomes a very important rejection point .

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488 Kuntal June 28, 2012 at 5:01 pm

Thanks Manish for all the info.
I applied for my CIBIL score today. It seems the fee has increased, I paid Rs 470. I cleared cookies in the browser and paid through credit card with no issues.
I had to respond to six different questions to authenticate myself.

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489 Manish Chauhan June 28, 2012 at 7:28 pm

Yea the fees has increased to 470 now .

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490 Anand July 11, 2012 at 2:09 pm

Hi Manish ,

I recently got my CIBIl score at 744 points. I would like to know few points

1. I am apllying a home loan in March 2013 . Will it get rejected for this score ?
2. I have CC o/s for 50k . I make min paynments . Is this affecting my score
3. If I settle the payments for CC 100 % . How long will it take to improve my score . I want my score to go 800 + as I beleieve below that no bank will approve my Home loan. Kindly advise

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491 Manish Chauhan July 12, 2012 at 7:47 am

Anand

1. May be , 744 is a good score overall , but banks might look at your score + report and your overall credit activities , given your point 2 , i suspect that it can be tough to get a loan, target for 800+

2. Yes, obviously, how didnt you knew this ! .. Making minimum payments each month is like saying – “Sorry ,I cant pay all the money , I dont have it , will give it next time” , you just save penalty amounts by paying minimum, this is dragging your score down each time you do it and now its going to be there in your report for next 3 yrs (as 36 months history is maintained) . Read this – http://www.jagoinvestor.com/2012/05/myth-of-minimum-balance-in-credit-cards.html . Pay off all the outstanding of 50k fast

3. Here i assume settle means “paying 100%” . It will take your score above in next 60 days , but the improvement will be marginal , not substantial . however given your score is 744 already , you can reach 800+ in next 6 months .

Keep paying your dues each month on time in FULL !

manish

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492 Karthik July 11, 2012 at 4:00 pm

Hi Manish,

Thanks for the information about applying for CIBIL score online. I did it yesterday evening and got it in my email in less than 24 hours.

I got a score of 787 with a explanation saying “IRREGULAR PAYMENT HISTORY MIGHT BE A RISK FACTOR TO LENDERS. TIMELY PAYMENTS IN THEFUTURE WILL CONTRIBUTE TO AN IMPROVED SCORE”

I have 3 credit cards, 1 closed two wheeler loan and 1 running personal loan with all DPD’s 000 and in few instances XXX.

I am just confused about the explanation regarding irregular payment since i have no payment due history.

Will this impact my next loan i am planning to take in 3 months?

Thanks for your advice in advance.

Regards,
Karthik
Bangalore

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493 Manish Chauhan July 12, 2012 at 7:38 am

It was a general statement from the report , not specific to any event of yours . 787 is decent score , but if its above 800 , it would be really great as 800 creates a psychological effect :) .

Note that you have too much of UNSECURED loans (cc and personal loan) , so better control that part , else lenders can see it negatively ! , are you going for a home loan next ? that would be better .

Also just make sure you keep paying your dues on time for next 2-3 months , things should be good !

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494 joe July 12, 2012 at 9:08 pm

hi wanted to know that I had credit cards and personal loans before 2006 which I defaulted because I had a huge loss in business. Still not repaid a penny… Just wanted to know that If I apply for a home loan now will i get rejected though now my income levels have improved so much, which shows decent transactions and I am an NRI now.

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495 joe July 12, 2012 at 9:11 pm

i already have a home loan approved 2 yrs back from a nationalized bank and i have been paying religiously about 80,000 rs a month into my NRE account. does this improve my rating.

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496 Manish Chauhan July 13, 2012 at 9:33 am

If this is EMI to the loan, then yes it improves your credit score !

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497 Manish Chauhan July 13, 2012 at 9:34 am

No , you will not get a loan , those non payments will show up in your report and that will become the basis for rejections , no matter what you are now
!

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498 joe July 12, 2012 at 9:30 pm

Hi manish …can u answer these questions for me

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499 joe July 13, 2012 at 12:06 pm

Manish, I got my home loan approved 2yrs back ? how did that happen ? BIG LOAN I TOOK FROM A NATIONALISED BANK….

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500 Manish Chauhan July 14, 2012 at 4:40 pm

Obiovulsy banks were not that seriously look at CIBIL that time

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501 joe July 13, 2012 at 12:08 pm

Is there a particular time frame that CIBIL removes ones name? like mine was before 2006

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502 Manish Chauhan July 14, 2012 at 4:39 pm

It will take a good amount if time , the minimum is 7 yrs, but the maximum can be 15-20 yrs also !

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503 Mohammed Shoaib July 13, 2012 at 12:51 pm

Hi Manish,

Thanks for your info…

Regards,
Shoaib

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504 Saptarshi July 13, 2012 at 4:13 pm

Hi Manish,

Appreciate your effort to let know the masses about the internals of Cibil score and it’s significance. My Cibil score is 700.

I had 2 credit cards which are written off during 2008-9, due to some discepancies w/ the bank and missed payments.
Now I tried clearing them off to improve my score and get loan approvals.

But the 3rd party, who are the finance companies for the HSBC & Manhattan credit cards, are demanding a very high figure.

For the HSBC card, where the principal amount I used was 4.5k, they are demanding 40k and for Manhattan, for a real expense of 1.5k, they are demanding 12k.

As I can’t pay them the whole figure and it’s so unreasonable (the extra amount they are claiming as interest towards mispayment), is there a mid-way to solve the problem as I need to take up a home loan now.

Please suggest.
Thanks,
-saptarshi

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505 Manish Chauhan July 17, 2012 at 12:00 pm

Saptrashi

I dont think they are asking for any additional amount which is unfair . Given you have not paid it for so long , the interest per month and the penalities must have grown so much for all these months and years. This is exactly how credit card works

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506 Sachin July 16, 2012 at 12:56 pm

Hi Manish,

I really salute the dedication by which you are answering all the questions asked by everyone. One by me too :)

I had 3 credit cards about 2 years back which i had used for helping one of my friend (who is no more a friend), all of them were used completely till their limits i.e. more than 85000. Later my friend didnt give back the money and i was paying the minimum installment for about one year, later i cleared it completely (by myself) as i had to move out of country for some official purposes and didn’t want a headache like to nag around.

Last year i preclosed one personal loan as well as a home loan. Can you tell me as what will be my credit score. I need to apply for CIBIL score once i come back to India as all my documents are at my home there.

Regards,
Sachin

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507 Manish Chauhan July 17, 2012 at 10:11 am

Sachin

1. You can apply for your cibil score online , you dont need any documents . You just need to tick mark few documents , which you need to send only if the payment goes bad or online authentication goes bad, if everything is fine , then you can just pay the money and get the score+report in 2 days . So apply for it, takes 5 min

2. Your score might be low , because of bad payment record for so much time , however still check your score . If you are not planning for any loan in near future , then its a good thing , because you have a lot of time to improve it , just keep on using your credit card and keep paying properly !

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508 Sachin July 17, 2012 at 10:15 am

Hi Manish,

Thanks for the reply.

After the incident i have stopped using my credit card. Now i could say that there has been no Loans availed or any credit card used in the past 2 years. Just closed off one personal loan and one home loan.

Regards,
Sachin

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509 Nani July 16, 2012 at 3:33 pm

CIBIL online score service is BAD.its just a FRAUD Company.I order the score and CIBL failed to send the reports.

Guys please do not go to this fraud website

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510 Manish Chauhan July 16, 2012 at 6:53 pm

Can you share your experience with us ?

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511 Harsh July 18, 2012 at 2:01 am

Just applied for CIBIL score – got through the Authentication process succesfully now waiting for them to email it to me in 3 days. Was thinking it will happen instantly!

Just a tip incase you are facing problem authorising payments through Credit Card due cookie issue, please use incognito mode in Google Chrome or anyother browser (called Private Browsing)

Also I why is this just one off report – if I am paying 480/- should i not get access for atleast 2-3 months so if I am in the process of applying loans i know who is making query and what?

thanks for you help Manish

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512 Manish Chauhan July 18, 2012 at 6:26 am

Harsh

For now you pay each time you want to check the report . Thats how it is .

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513 Pavan July 18, 2012 at 2:26 am

Hi Manish,

I have 3 credit cards(X,Y and Z) which i have settled in 2008. Couple of years back when i got my first cibil report, Status on my X-card is shown as ‘WRITTEN-OFF’, and theres no status written(its blank) for Y-card. Z-Card is not even shown up on my CIBIL report. After this settlement is done, i am maintaining only one credit card with a good track, never missed any single payment till date.

Just couple of days back I applied for other CIBIL report, and today i got my latest CIBIL report and my score is 844. But on my latest report it shows only the status of Y-Card where the status is blank, and the other credit cards are not shown on the report. This time it is even showing my Home-loan account details which i am maintaining it since 2006 and also having a good track.

I am confused with 2 reports showing different account details, but all my personal details(address, mobile..) are the same. My question is, Is the CIBIL report maintained unique on a person’s name? One thing I observed between these 2 reports is, I can only see the PAN card details match on my first report, and the lastest one has only my Passport details. I doubt if the cibil report generated is not the same for each of my Id-proof. Should i apply for an other CIBIL report, this time submitting my PAN card as an ID-proof?

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514 Manish Chauhan July 18, 2012 at 6:24 am

Your PAN card will be same, but other details like address will change. rest things should not change, you can contact CIBIL customer care to ask for this .

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515 Deepak July 18, 2012 at 3:56 pm

Hi Manish,

I applied for CIBIL report and my score is NH(I didn’t have any loans or credit cards).So recently I have taken credit card .What should I do to get good credit score with in short time(because I am planning for home loan in 6 months)?
and When can I apply for next credit score?
Thanks,
Deepak

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516 Manish Chauhan July 18, 2012 at 10:01 pm

There is no short cut for a good score, but as you have not taken any loan in past , now when you apply for a credit card , then i guess in 6 months you should have respectable score !

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517 Venugopalan July 19, 2012 at 3:39 pm

Dear Manish,

I happend to come across this blog and applied for the report and got the report. As per the report my score is 877. FYI I am having two credits which I seldom use and also has a housing loan . The housing loan is with a nationalised bank which I availed in 2008 and from the begining I am paying monthly instalments before the due date by online transfer and also the amount I pay is more much than the EMI. The intention is to close the loan before its tenure. How do they calculate the score. Kindly advise.

Regards,

Venugopalan

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518 Manish Chauhan July 20, 2012 at 12:16 pm

Thats the reason your score is good, because you are handling your credit very well , I am not sure how the score is calcualted nad its out of the scope of our understanding also .

Just keep moving in the same direction

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519 Pratiksha July 19, 2012 at 11:59 pm

My Experince with CIBIL is pathetic ,for me the Authentication failed hence was not able to print the sceen also i dont see any save button so i lost the page and when i wrote it to Cibil they are coming back to me asking for Payment confirmation,I have my transaction id but of no use.This is really frustruating,what i wanted is just to know my score but CIBIL is making it so hard and painful for me to just reveal my score.
Atleast there should be some link where i can enter my Transaction id and my security code so that it can take me to payment detail page.This really doesnt make sense why we need to wait for 10 days just to know score ,it can be send in our email address too ,why so many document we need to send it ot cibil and trust me people dont have so much time to post it,hence everyone is paying 470 thinking we can view on score once the formality is over but its really not happening,i am frustuated and i am donating 470 to cibil ,i dnt want to know my scrore anymore.

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520 Manish Chauhan July 20, 2012 at 11:59 am

Pratiksha

This happens very rarely , and you are one of them . For most of the people everything goes well and score comes in email in 48 hours . That happened with me atleast . For now I would suggest try it once again and pay 470 more , I assume its a very importnat thing right now for you . else wait for more time .

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521 Pratiksha July 21, 2012 at 12:27 am

Thanks for the response…However i am now worried that even if i spend 470 more will i be able to get my score or not..or again its gonna be waste.Anyways let me wait for some more day .Its really not good that after providing the Trassaction id as well as the registration id they are not reveiling my score.Things should not be made so complicated and painful for people in this era.

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522 Pratiksha July 21, 2012 at 12:36 am

Also is there anyways that the money can be refunded

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523 Manish Chauhan July 21, 2012 at 3:07 pm

I am not sure if money will be refunded

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524 Pratiksha July 21, 2012 at 1:03 am

One more to add i have got an respond from CIBIL saying trasaction is processed..but please send us the attachment of the payment confirmation with rest of the document.If i have made the payment how come they are not having any record of my payment details.Strange very strange..

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525 Manish Chauhan July 21, 2012 at 3:06 pm

Why dont you send them the snapshot of your bank records . It might happen that the payment is stuck at payment gateway company and not reached them yet

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526 Pratiksha July 21, 2012 at 4:07 pm

Thanks will do that :)

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527 Dhananjay July 21, 2012 at 11:17 pm

Hi Manish, Awesome work and very valuable piece of information.
here i have some thing, recently i applied for Credit Card based on my salary but it got rejected i called the bank they told you can contact CIBIL gave me some “control number”.
I have few question kindly suggest.
1-I neva had a any kinda loan or Credit card before, but yes i do have a post paid Vodafone mobile connection most of the time i paid my bills POST DUE DATE, but all clear.. m still using the number.. What would be my cibil score..? How badly this would have hit my Score..?
2- If i go for Credit Card based on fixed deposit will that help me in increasing my score or is there any other way you can suggest to increase.

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528 Manish Chauhan July 22, 2012 at 6:52 pm

1. Your score does not depend on mobile bills as of now

2. Yes

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529 Dhananjay July 22, 2012 at 11:40 pm

Thanks a Lot feeling little better :), now m little confused well apart from mobile connection i do not have any credit.. Have asked for cir lets see… Gone through few articles over net heard that vodafone has a tie up with CIBIL god knows…

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530 Manish Chauhan July 25, 2012 at 6:56 am

See your credit report first and see if there is any mention of a loan/cc , If there is , then it might be a fraud by someone on your documnts

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531 Dhananjay July 22, 2012 at 3:49 pm

Adding another question – Generally long does it gonna take to get a decent score on my scenario as i do not have a credit card or a PL..?
Kindly Advice,

Thanks and Regards,
Dhananjay.

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532 Manish Chauhan July 22, 2012 at 6:44 pm

In that case better apply one fast , so that in next 1 yr your score is good , it will be good in start , but still make sure you pay for 6 months to 1 yrs

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533 Dhananjay July 22, 2012 at 11:43 pm

Thanks Manish, sure will apply for CC on Fixed Deposit well will share the story y ma name is in cibil once i’ll get my cir.

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534 Manish Chauhan July 25, 2012 at 6:55 am

Sure .. tell us later !

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535 Pratiksha July 24, 2012 at 6:42 pm

Hi Manish,

You wont believe what i have done ,i wrote history explaining CIBIL about my issue and i told them it cannot happen that you guys dont have the details of my payment confirmation ,when i have got an email from cibil itslef saying payment confirmed,.please send me the attachment of my payment confirmation copy else i will go to consumer(which was just to scare them :).I provided them my Registration id and the transaction id (thank god i have made a note of it) and finally i got an apology email along with the attachment of my confirmation email after sending an following email 7th times to Cibil.
Manish ,thanks for all your replies and i appreciate that u make sure to reply all our quaries.U r great..:)

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536 Manish Chauhan July 24, 2012 at 8:15 pm

Good to hear that .. congrats !

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537 aryan July 25, 2012 at 1:58 am

Hi,

My current cibil score is showing as 021, and its not showing any write-off or settled if i apply for a personal load from the bank where my salary is getting credited, will i get it.

Regards,
Aryan

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538 dk July 25, 2012 at 2:42 pm

Hi,

plz tell me that if some one not paid his credit card payment & change his contct after how long the cibil report become normal for that person without paying any thing plz tell

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539 Manish Chauhan July 27, 2012 at 7:28 am

Around 15 yrs-20 yr

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540 DINESH July 30, 2012 at 12:10 pm

Hi Manish,
Thanks for the info I have applied for my report and hope i will get in 2 days.
Thanks
Dinesh Hegde

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541 Manish Chauhan July 31, 2012 at 1:24 pm

Great .. keep us posted on that !

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542 DINESH HEGDE July 31, 2012 at 5:38 pm

Hi Manish,

I have received my Cibil report and it is showing the score as 630!!!!

In that one overdue payment of 28k from SCB which i never did any transaction. In fact once there was a finance charge of 500 in 2007 and i paid that late by 2 days and on that they charged all finance charges and interest and which is coming now as 28K. I am planning to go to consumer court as I have neither been informed nor communicated about this. And more over is is not the money i have utilised also. It is the finance charges on finance charges.
Let me check what happens. I am planning to approach the bank also meanwhile and if they agreed to settle it for 500 or 1000 then it is ok for me or else I will definately go to consumer court and let me see what will happen.

Hoping the thing go in my way….
Regards,
Dinesh Hegde

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543 Manish Chauhan July 31, 2012 at 5:55 pm

Yea .. its better that you first talk to them directly and then apply for a case . you can do it using akosha.in or http://vakilsearch.com

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544 DINESH HEGDE August 1, 2012 at 10:17 am

Thanks Manish,

Will update you the progress,
May be helpfull for others in due cource also.

Regardsm
Dinesh Hegde

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545 Manish Chauhan August 1, 2012 at 9:34 pm

Great !

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546 Balaji K July 31, 2012 at 2:39 pm

Hai Manish,

I was a good article indeed.

I had very bad experience in this respect, once i applied for HDFC personal loan..i got shocked when the bank told that my credit score was low and not possible to approve the loan. Then i submitted my request for the credit report to CIBIL and the report was perfect and the same i have submitted to HDFC and they approved my loan.

My question here is – are these banks use CIBIL as a tool for rejecting the applications even you are eligible for?? how do they search and finds our credit score from CIBIL..is it legally right..what these banks will come to know about our credit history, whether the complete report they get or only the score will be accessible to them to decide..

How to avoid these situtations?? (it happened 2.5 years back)

Regards
Balaji K.

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547 Manish Chauhan July 31, 2012 at 5:14 pm

You need to understand CIBIL in a better way . Its actually created by Banks only , they are shareholders in that , and its created by all the banks for this purpose only. They do not use it for the sake of rejection, but use it to make sure they reject those who they think are not worth giving loan due to their past .

Reply

548 Balaji K August 1, 2012 at 9:04 am

Hi Manish,

But my credit score was good as per the CIBIL at that time, then on what basis the bank has informed me that the CIBIL rating was not good and the same bank approves my loan later on the basis of the CIBIL report i have obtained thereafter.

Regards
Balaji K

Reply

549 Manish Chauhan August 2, 2012 at 12:02 pm

Balaji

May be at that time when bank told you , the report was not good, but later when you applied, it was better

Reply

550 Mamta Singh August 7, 2012 at 12:17 am

Hi,

i have applied for a job in bank and they have to check my CIBIL. I have a loan taken just 2 months back and only one installment hit my a/c thru cheque and tht was honored. i just want to ask whether this loan will affect my CIBIL score? any negative points?? this was my 1st loan and i dont have any credit card or any other debt.

Thanks,
Mamta

Reply

551 Manish Chauhan August 7, 2012 at 7:14 am

Mamta

For what purpose the bank wants to see your CIBIL report ? Do they want to check your report before they hire you ?

Also your loan will not negatively impact you.

Reply

552 Mamta Singh August 7, 2012 at 7:51 am

hi.. ya bank want to check my CIBIL before hiring.
No i hvnt had any bad experience but ya this is first time my CIBIL gonna check… and might be there is some problem acc. to bank ppl as they have not reverted me after my cibil check.

Reply

553 Manish Chauhan August 7, 2012 at 11:06 am

yea .. this trend has started in India lately !

Reply

554 Prasad August 9, 2012 at 6:45 pm

HI all,

I almost read 70% of this article.

I have a question.

Few people said that their rating is low because of the Credit card that they have never bought from the bank.
In this case, can v completely assume that someone has bought CC on our name.
Wy not this case , like the Credit report given by CIBIL is not ours.
Is there possibilty , like the CIBIL wrongly provides some other person’s score to us, because of some internal mistakes.
In other words, can we completely take the rating given by CIBIL is ours.
Am i make myself clear?.

Thanks

Reply

555 Manish Chauhan August 10, 2012 at 6:01 pm

Prasad

Yes , that happens a lot actually. Some one who has a very similar name or very sounding name, can impact your score, thats more of a clerical mistake of you can say automation mistake !

Reply

556 Deepak August 10, 2012 at 1:42 pm

I have read some comments here that CIBIL does not need to provide credit reports to end users and is doing it only because of a huge demand from end users. This is not correct. In USA and Canada, there are laws to protect the end users on credit report errors. If your application for loan/card/account gets denied because of a rating error, then you are legally entitled to get your report for free so that you can verify that report entries are correct. For people who may not be able to afford paying for their reports, there are provisions to get at least one report per credit rating agency per year free.

There are also stringent actions possible against the rating agencies and institutions falsifying reports or misusing the credit reports.

Here, it seems that Govt has implemented the money making part of credit ratings without laying down or simplifying procedures for end users. This shows that the purpose of these ratings is just to benefit the financial institutions. Even that in itself is not bad if announced clearly. Also, if this is the case, end users should not be charged for their reports.

Reply

557 Manish Chauhan August 10, 2012 at 5:34 pm

Yes Deepak

What you had said is an ideal situation , and should happen in India too .. But sadly its not the way you explained in India right now , there are so much of errors made by CIBIL and other institutions which are not accountable to anyone , only with time we can assume that some changes will happen !

Reply

558 Ritesh August 13, 2012 at 11:40 am

Hi,
I had one credit card, I was issued 5 years back. Credit card bank had provided more and more interest on me after swap it, I was in frustration and did’t pay the amount . This has went to recovery and they called me so many time then i decided to pay some ammount and it was more than I swaped. The recovery dept was agread and told me, will not get any call if i payed. I payed and torn the credit card. But not after 3.5 years, some more recovery called me suddenly and asked me to pay 95000 Rs but believed me it was not more than appr 2000 when i torn the credit card 3 years back. They told me if i will not pay now they will proceed with FIR and police. Please suggest me , shall i apply for CIBIL CIR report and could you please suggest me what they will provide in report, will they provide the rest amount details that had not payed and how i close this matter.

Reply

559 Ritesh August 13, 2012 at 11:55 am

Hi,

I had one credit card, that was issued 5 yrs back. I swaped it due to some reason and bank had applied so much interest, late dues. I was frusted and did’t pay any amount. the card went to recovery. Recovery team called me so much time then i decided to pay some amount and they agread with that. I had payed more amount than i swaped and i torn that credit card before 3.5 years. Now i suddenly got one call and ask me to pay 95ooo rs. believe me it was not more that appr. 2000 before 3.5 years when i torn the card. I have no any details about that card now but remembering i had payed through check. Now recovery people calling me over the phone about FIR and police warrent. please suggest me shall i apply for CIBIL CIR report and will they provide me last rest credit card due that i had not payed, how to silve this matter.

Reply

560 Manish Chauhan August 14, 2012 at 4:10 pm

Ritesh

You dont understand credit cards working , you took it too casually .. when you leave a balance in a credit card, with interest and late payments it grows too much very fast , so whatever company is asking is as per rules and regulations, you will face a lot of difficutlty in coming times, paying less than outstanding amount (which you did) is called SETTLEMENT and its a temporary solution !

Reply

561 jamuna August 13, 2012 at 5:05 pm

Hi.. I am having credit score is 418.. Now I have planed to pay my entire outstnding in one payment… then how long will take to improve my credit score… and any possibility to get a home loan

Reply

562 Manish Chauhan August 14, 2012 at 2:28 pm

Its really the bad score (lowest i heard) , You can pay all money in one shot , but that will not increase your score suddenly !

Reply

563 Pankaj Gupta August 13, 2012 at 6:01 pm

CIBIL only reflects the mistake made by an individual. There is no mechanism built in the system which can highlight the mistakes made by the banks , credit card companies and finance companies. If you default on a payment, they charge you a late fees and other taxes. So you end up paying the fine as well getting scarred for life !! You have to prove yourself for many years to be in the good books of the financial industry for one default which you made ! First the credit card and loan companies were going after each and every indivdual to give them loans and credit cards. They wanted to be one up in the industry . When the things got out of control, they started refering to CIBIL which doesnot have any mechanism to differentiate between a ‘mistake’ and ‘intentional’. Again , as happens in the modern world, only companies are benefited , individuals are left to themselves.

Reply

564 Manish Chauhan August 14, 2012 at 1:53 pm

yes Pankaj

There are issues like that, I agree on that , also if you find some part totally unprofessional , you can always go to consumer court on that .

Reply

565 Nataraj August 13, 2012 at 9:34 pm

Hi…

Six months before, i had outstanding in my Credit Card and made the full payment and card has been closed by the Bank. Now, i want to apply for a PL. But, due to Low Score in CIBIL, its got rejected. Please provide me a solution for that. Thanks.

Reply

566 Manish Chauhan August 14, 2012 at 1:55 pm

You need to have a good repayment record (consistent) for increasing your score , do you have any other credit card or loan ? You need to pay your dues on that loan on time , only then it will increase

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567 parul singh August 14, 2012 at 9:41 pm

hi manish

i have not taken any loan till now but still my cbil is negative i dnt know what to do please reply

Reply

568 Manish Chauhan August 17, 2012 at 2:16 pm

Dont worry .. is it showing -1 . In that case it means you dont have a score, but my suggestion is to get a credit card and start using it !

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569 Gopinath Cataram August 15, 2012 at 12:42 pm

Hi Manish,

I recieved a score of 799. Never had any outstanding and the report too states that but not sure why it has not crossed 800. Is there any specific reason for the same.

I had not applied for any loan so far with any bank and the details only reflect for Credit Cards. Will this be one of the reason as to why my score has not crossed 800.

Reply

570 Manish Chauhan August 17, 2012 at 2:11 pm

Yes it can be one reason , note that the score depends on a lot of things like mix of secured and unsecured cards and your recent activity

Reply

571 Sai Krishna V V R August 16, 2012 at 12:32 am

Hi Manish,

I am sai krishna from hyderabad.
After seeing all the conversations above , i wanted to tell about my credits.
I applied for 3 loans from HDFC, FULLETRON AND BAJAJ ALIANZ.
Loan tenure – 36 months.
For all the 3 loans..i paid the EMI’s for 15th months correctly and from their onwards lot of issues in families…So i failed to pay the EMI’s through ECS system, but cleared the payments every month by paying the BANK EXECUTIVE by hand.

Now my questions is…

1. Does the cheque bounces reflect the CIBIL score.
2. I also have a credit card which was been settled through bank..Does it also has an effect and how many days or years it would take to remove from CIBIL REPORT.
3. If i pay the loan amount totally ..will the record in CIBIL Report would be clean within days / Months.

Kindly please let me know the required queries.
Thanks in Advance.

Reply

572 Manish Chauhan August 17, 2012 at 1:51 pm

1. Yes
2. Yes , its marked as “SETTLED” and is a negative remark. It will be there for minimum 7 yrs and maximum , no idea
3. Yes , but your score will not go up very fast, it takes time

Reply

573 SAI KRISHNA VVR August 18, 2012 at 2:36 pm

THANKS A LOT FOR YOUR REPLY MANISH.

i planned to pay the loan amounts totally.
i had a talk with the bank representatives and they told that the loan related details will be removed in 45 days from the time of payment done.

Now can u plz confirm..

I wanted to apply a HOME LOAN after opaying all the loan and plan for a home loan on JAN 2013.

1. Will i be eligible for it.
2. What kind of score will i get if i clear all the loans and a card which is settled

Thanks in advance

Reply

574 Manish Chauhan August 22, 2012 at 6:54 pm

Yes generally banks update cibil in 45 days about the new status .

But your score will not just increase astronomically ! .. it will improve by a good margin , depending on how much is the due .

Reply

575 Nageswara Rao August 21, 2012 at 6:42 pm

Dear Manish

my cibil transunion score is 744
i have written wrongly in my earlier message
i want a housing loan with this score is possible?
regards
N.Nageswara Rao

Reply

576 Manish Chauhan August 22, 2012 at 6:55 pm

Which earliar message are you talking about ?

Reply

577 Nageswara Rao August 25, 2012 at 11:56 am

i have 744 score in my cibil transunion score
and also would like inoform you that my 3 personal loans which are closed earlier are showing in the report for which i have requested cibil to
rectify as it is showing still balance to be payable

now can i get housing loan with this core.

Reply

578 Manish Chauhan August 26, 2012 at 12:09 pm

744 is a ok score, but dont expect to get a loan just on the basis of that, in the past have your paid full amount for your loan, or you settled by paying a less amount ?

Reply

579 Vinay August 22, 2012 at 8:13 am

Hey Manish,

As described above, I have filled in the form for me and my girl and paid the amount to get the repoty. And yesterday we have received an SMS asking us to send the payment confirmation form, id and address proof. However, at the end of the payment I did not get the payment confirmation page for both the transactions, yet the charge has been put on my credit card. Please advise how would I be able to get the form now.

Thanks in advance.

Reply

580 Manish Chauhan August 22, 2012 at 6:43 pm

You can send the snapshot of your bank statement or PDF to cibil , talk to their customer care!

Reply

581 Ram August 22, 2012 at 1:50 pm

Hi,
Recently I applied for CIBIL score and got mailed in hard withih 7 days. It was 602.
I understand that some details were not updated in the report. I just contact the bank and asked for NOC and requseted to update CIBIL regarding the same. Some a/c has small due and paid them in the bank. For this too I asked for NOC and requset to update CIBIL. I think it takes 6 wk to update. Do you think the score will improve? How much increase can I expect? Please advice.
Thanks.

Reply

582 Manish Chauhan August 22, 2012 at 6:32 pm

this should not increase your score by a very big margin , you should expect just a small increase. Score increase when there is a regular activity and payment

Reply

583 Ram August 23, 2012 at 1:11 pm

Thanks for your reply.
If that is the case, why I have to pay the due and close a/c (setteld one) and get NOC ? Can I ignore making the ‘Settled’ comment to reflect as ‘Closed’ in my CIBIL report? It was the a/c operated between 2005-2009.

I read that score depends on 2 yrs payment history…setteled cases (if any) older than 2 yrs can be ignored ! ? Is this a good idea?
Please reply.

Reply

584 Manish Chauhan August 26, 2012 at 1:10 pm

Ram

But any lender will look at your credit report first , the score comes next. If you have any settled or written off status on your report , the rejection will happen without looking at your score !

Reply

585 Alfred August 22, 2012 at 4:22 pm

After reading your article I did apply for my CIBIL report last night at 9 pm. Today morning voila!!! I had the report in my mail!!!

My score is 826.
I have three credit cards. I had a auto loan which I finished in 2009.
I have one home loan from HDFC. I cleared one from ICICI last year. But somehow it does not reflect in the CIBIL report. I wonder why so?

Also I have been paying my dues in time. Much before time infact and have not defaulted on payment.
Then why is the rating so low?
Except paying dues on time, how can I improve it further?

Reply

586 Manish Chauhan August 22, 2012 at 6:22 pm

The rating is very good and infact something you should be happy with , while there is score of improvement always, but dont feel its low by any standard, you are one of the best .

Credit report at any point of time has “open” loans , and somethign which is closed long back will not appear in report unless its still outstanding!

Reply

587 Srinivasa Murthy August 22, 2012 at 5:21 pm

Hi Manish,

I had taken C.Cards and Loans from ICICI bank and I failed to pay for some loan and C.Card, But later on I made 100% payment against my loan accounts. I have cleared all the dues. 3 months back I applied for CIBIL Score and Transaction Report, In that report I can see all accounts closed with closed date. But there is no much difference on my score. its showing 600. Please suggest me how to improve my score, and I want apply for Home loan, I am not sure Iwill get loan on that score. Can you please clear my doubt how I can improve my score.
Thanks,
Srinivas

Reply

588 Manish Chauhan August 22, 2012 at 6:09 pm

You will not get loan on that score .. you should target for atleast 750+ . Note that just paying off your loan outstanding does not increase your score, you need to have a repayment record for that, do you hold any other credit card or loan ? If yes, better keep using it and pay your dues on time each month. Do this for next 8-10 months atleast.

Reply

589 Manideep August 22, 2012 at 7:42 pm

Hi Manish,

I have a bike loan and i missed 2 times to pay ECS and also two times bank also delayed to take money because of technical problem so finally in my CIBIL history have 4 check bounce . so how to improve my CIBIL score, because i am planing to apply Personal loan.

The bank missed two times to take ECS then why that remark got in my CIBIL History. could please help me out for this reason and help me out for how to improve my credit history

Reply

590 Manish Chauhan August 22, 2012 at 7:50 pm

Manideep

What does bank say about it , did they accept their mistake ? If yes, ask them to correct that in next Cibil update !

Reply

591 Manideep kumar August 22, 2012 at 7:47 pm

Hi Manish,

I have a bike loan and i missed 2 times to pay ECS and also two times bank also delayed to take money because of technical problem so finally in my CIBIL history have 4 check bounce . so how to improve my CIBIL score, because i am planing to apply Personal loan.

The bank missed two times to take ECS then why that remark got in my CIBIL History. could please help me out for this reason and help me out for how to improve my credit history

Reply

592 nimesh August 23, 2012 at 11:49 pm

Hi Manish,

Neither have I used any credit card nor taken any loans so far. I m 31. Most probably i have nor credit score. What is better if I go for nay loans or credit cards, no score or low score ? Should I take a credit card and use it to just build my score. ?

Thanks,
Nimesh

Reply

593 Manish Chauhan August 26, 2012 at 12:45 pm

Yes Nimesh

You should get a credit card, just to build up your credit history and score !

Reply

594 Deepak August 24, 2012 at 4:01 pm

Hi Manish,
My cibil score is 822..& I had done credit card settlement in 16-11-2010.My defer amount is RS-15785.

So let me know should i need to pay these 15785 rupe to get clear my name from bank data.
Or It’s OK.?

Thanks
Deepak.

Reply

595 Manish Chauhan August 26, 2012 at 12:21 pm

Yes you should pay that !

Reply

596 Hemanth August 25, 2012 at 3:36 pm

Hi Manish,

I got my detailed CIBIL report but the report has 15 credit accounts of which 4 belongs to me and i am aware of but the rest of the 11 accounts doesn’t belong to me….I raised a dispute with cibil but this seems to take time..i am in urgent need of correcting the report because it is delaying my home loan…can you please help me out..

Reply

597 Manish Chauhan August 26, 2012 at 12:06 pm

Hemanth

the sad thing is that it will take time, you need to accept it. There is no short cut solution to it . You need to file a dispute resolution first with the CIBIL and they will check it with the bank , and then update it if banks agree to your claim!

Reply

598 sudhank August 26, 2012 at 3:39 pm

Manish Bhai Very Informative Article as we are little bit unaware about it and so much unaware about its impacts. We only got interested when our loan application got rejected. I am using 5-6 credit cards and didnt know about such impact of CIBIL score. Now applying to know this secret score.

Little Update : Buy your Credit Score (Including CIR) now for Rs.470/-

If you wish to purchase only your CIBIL CIR for Rs.154/-.

So what’s the difference in both reports of Rs 470 & Rs 154 ?

Reply

599 Manish Chauhan August 29, 2012 at 10:48 am

The report will just be report , The score will come with score + report .

Reply

600 Rajesh August 26, 2012 at 9:10 pm

Hi Manish,
I have defaulted 3 credit cards and a Car loan 6 yrs ago. For the credit cards i have settled the outstanding payments by negotiating on the figures. For car loan i’ve just surrendered the car to bank. All of this happened due to the loss in my business but now by god’s grace all is well. But now the problem is i’m getting diqualified for the credit card and other loans. I’ve barely managed to get a housing loan approved from a co-operative bank due to influence which i’m repaying regularly from last two yrs. All of this was been setelled by sept 2009.

Now my question to you is:
1. When my bad records in CIBIL will get wipe off? i mean what is the default duration.

2. Is my regular repayment of the existing home loan will improve my score at CIBIL ratings? and how long will it take to do the same?

Reply

601 Manish Chauhan August 29, 2012 at 10:33 am

Rajesh

1. It will take many years.. minimum is 7 yrs and maximum can be more than that , like 15 yrs ! ..

2. Yes, your existing repayment will increase your score, but your report is still messed up with mention of those settelements, I dont think banks will approve your loan unless that is wiped out , which can happen only when you clear the due amount.

Reply

602 balu August 28, 2012 at 6:39 pm

hi manish,
i saw this thread and applied for my score. It turned out to be 820. But I would like to understand why it is 820 but not the max..
I only observed the following points:

1. All my DPDs are either 000’s or XXX’s.
2. I never took any loan and never missed the payment last date in the last 8 years..
3. There only 5 enquires listed i made.. 3 credit cards (i got all 3.. last one was compulsory corporate travel else I wouldn’t need it)…. 1 auto loan and 1 overdraft (I never asked for these two from CITI bank.. what best way to get them deleted?)..

so with this profile, getting an 820 is OK?

pl reply.
thanks,
balu

Reply

603 Manish Chauhan August 28, 2012 at 8:27 pm

Your score of 820 is good, dont worry on that.. note that your score will not be 900 as you think , because your situation is still not ideal . Credit card is a unsecured credit which you are using , there should be a good mix of credits like home loan, auto loan , credit card etc , only then it increases, given your situation, your score is ideal . You will not be able to remove those 5 enquires, they are not negatives marks , its just for mention .

Stay cool .

Manish

Reply

604 Pankaj Agarwal August 29, 2012 at 1:51 pm

Hi Manish,

This a very informative article and good read as well. Thanks for posting it.

I got to know my CIBIL score by a bank exectuive to who I applied for a Personal Loan last year. This is after I asked him the score. (I am not sure whether it is right on Bank’s part to let know its customers the score). But we can always try out this option rather than putting time, energy and money on it. Just my thoughts. :-)

I currently have 2 Credit cards, 4 Personal Loans and the payment to it is done on time. 1 Auto Loan was closed 2 years back(Preclosed it with all the Interst with in 10 months). I also tried to get ICICI Credit card once, but was rejected.

My CIBIL score is 750 + is what the bank person said me.
My question is:-
1) Does the preclosure of any loan tend to decrease the CIBIL score.
2) Are the number of attempts made by us to get a Loan or a Credit card gets captured in this report, this is because when I applied for ICICI bank Credit card I got to know that i was rejected for this card three times before and was rejected again.
But i never applied or enquired about it earlier.
(Again i got this info from the person who collected my documents, but he said this should not be disclosed).

Reply

605 Manish Chauhan August 31, 2012 at 1:11 pm

Pankaj

1. NO
2. Yes , it does, more the number of enquries , the more you look like “credit hungry”

Reply

606 Pankaj Agarwal August 31, 2012 at 8:29 pm

Is my CIBIL score of 750+ good, I am planning to take a Home Loan in next 1-2 years. What should i do to increase my score. ?

Reply

607 Manish Chauhan September 2, 2012 at 9:22 pm

750+ is good, but better target for 800+ . Just keep paying your credit card and other loans on time, and it will increase . Dont make dumb mistakes, thats all

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608 Abhay August 30, 2012 at 1:40 pm

My CIBIL score is 616. I know its a bad score. I am desparately looking for home loan. Am i not eligible at all? as you have mentioned CIBIL score will can not be improved immediately. what options do i have?

Reply

609 Manish Chauhan August 31, 2012 at 10:21 am

Abhay

sadly there will be no short cut, you will not get a home loan immediately . 616 is a bad score and to improve it you need to take some major steps which will not be easy and quick . Have you looked at your report, what exactly is your case ?

Reply

610 Abhay December 11, 2012 at 6:07 pm

Manish, I am terribly sorry for this late reply. Thanks for your support.

I had taken few personal loans in my bad times. Towards the end my financial condition deteriorated. I had taken 3 personal loans in total. ICIC, Citi and IndiaBulls.

ICICI:
I settled this loan back in Feb 09. But I recently (after 2 years) learned that ICICI didn’t close my account. They kept me charging the EMIs. Pending amount went on getting bigger and bigger. Just in last week I went to their branch and explained them the situation. Asked them to waive off all the charges after Feb 09. They have sent the request ahead. Once this is done I will pay the amount which was due when this loan was closed in Feb 09.

Citi:
I settled this back in Apr 09. CIBIL show status as ‘Written off’. I will pay the remaining dues and will close the account with Nil Dues

IndiaBulls:
I settled this back in Apr 10. CIBIL show status as ‘Written off’. I will pay the remaining dues and will close the account with Nil Dues

Besides above I am holding few credit cards. For 2 of them I have been paying minimum amount due every month for more than a 2 years now. Do I need to take any action on this part too?

Please advise to what extent and by when my score will improve after taking above actions.

Thanks,
__________________________________
Abhay Kadam

Reply

611 Manish Chauhan December 19, 2012 at 5:12 pm

Once you pay back all the outstanding amounts, your score should bump up with a good margin !

Reply

612 Abhay Kadam December 26, 2012 at 7:30 pm

Hi Manish,

Thanks for your reply. as mentioned above i got in touch with India bulls. I informed them that i want to pay the remaining dues to close the account with Nil Dues. They however not accepting the payment. this is what they are saying

Quote
This is in reference to your request regarding the updation of CIBIL
with reference to your loan account number:-S000072088.

We would like to inform you that in the CIBIL report, your loan
outstanding reflecting as NIL, moreover contains the date of closure
as well. However if during the loan repayment it moves to
default/legal stage, it will come under ‘WRITTEN OFF’ status which is
unaltered and hence cannot be changed at our end

Thank you for your understanding and cooperation.
Unquote

can you guide me here.

Reply

613 Manish Chauhan December 29, 2012 at 8:30 pm

Generally lenders take the outstanding and change the WRITTEN OFF status , but not sure why Indiabulls is saying like that !

Reply

614 Abhay Kadam December 29, 2012 at 9:08 pm

i also went to their local office but they advised same. I somehow dont agree. Can you advise to whom i can escalate. i tried writing to RBI ombudsman but couldn’t find India bulls option there.

Reply

615 Manish Chauhan December 29, 2012 at 9:12 pm

I have asked credexpert team to reply to you , lets see what they say !

Reply

616 Credexpert January 1, 2013 at 5:41 pm

Dear Abhay,

Credit policies of certain banks/ lenders do not allow them to accept the payment made towards a Written – off account and Indiabulls seems to be one of them. There is some ambiguity on this but when we checked with certain banks they all seem to indicate that once a case is classified as Written Off , they do not accept any offers to pay the non paid amount. It seems odd, but seems to be the current stand. We at Credexpert will get more specific clarity and hopefully update everyone.

Indiabulls is a NBFC which is regulated by the RBI, but there is no Ombudsman where complaint can be registered against NBFCs. However, you can use the Right to Information Act, 2005 to register a complaint.

You can click on this link http://www.rbi.org.in/scripts/righttoinfoact.aspx# and in the “List of CPIOs together with E-mail ids, Addresses and Brief Description of the Departments”, send an email to “Department of Non-Banking Supervision”. Await their response and see if it helps you.

Unfortunately, other than this, there is not much that can be done in this regards.

Regards,
Credexpert

Reply

617 Anil kukreja September 1, 2012 at 9:24 am

Pan no AIIPK1412E

Reply

618 Anil kukreja September 5, 2012 at 10:10 am

H D F C LOAN

Reply

619 sairam September 1, 2012 at 5:21 pm

Dear Manish,

This is Sai here again.My score is 640 but however my report is clean.There are nil outstandings and there are no written off accounts..

Can i approach any bank for any loan.My report is clean though my score is low.

Reply

620 Manish Chauhan September 2, 2012 at 8:27 pm

BEtter not approach banks , your will be rejected, will any score below 700, they dont even look at it . Your score might be low, because there is no activity or bad activity, no payment on time . Did you see the accounts section and 36 months of activity , What is the DND values in it ?

Reply

621 Pari September 3, 2012 at 12:16 pm

i closed my credit card on 2009 with excess amount of Rs.320. now i applied a CAR loan, they are telling your name in CIBIL with due Rs.320 for credit card.
Note: i dont know my credit card details.
pl help me friends.

Reply

622 Credexpert December 7, 2013 at 12:42 pm

Dear Pari,

You can find out the credit cards details by obtaining your credit report and score from CIBIL. Although, the outstanding amount is low, it is always advisable to have clear balances.

Regards,
Credexpert
http://www.credexpert.in

Reply

623 Sumit Srivastava September 3, 2012 at 2:26 pm

Hi Manish,
Thanks for the informative article.I got my Cibil report via email & SMS & my Score was 799, just one short of 800.Is it a considerable score for Loans (specially home loans).Can you tell what is the frequency when Cibil updates the scores of individuals.How good is it to check my score again & in what time frame? Also I have just taken a Personal Loan, does that affect my Score?I am not getting the formula/calculation to arrive at Cibil score?Any ideas would be appreciated.
Many Thanks

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624 Manish Chauhan September 5, 2012 at 9:19 pm

799 is a decent score . Banks update the CIBIL in every 30 days . Personal loans are UNSECURED loans and will negatively impact your score (not too much but) , It shows your dependence on unsecured credit , thats all .

Credit Score is not that easy thing to calculate , its generally hidden :)

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625 S Manikandan September 3, 2012 at 4:47 pm

I Have applied credit card and it has been rejected that your CIBIL Score is very less. and after that, i have checked with CIBIL, my score is -1 and showing INSUFFICIENT HISTORY TO SCORE.
1.Sir, previously i did not taken any loan or having any credit card, then how it became -1 .
2. when it is in -1 , i will not be eligible for getting any loan or credit card in my life, because banker’s are checking with CIBIL and they will not approve my case. kindly tell me, how to get 900 points score.

Regards,
Manikandan.

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626 Manish Chauhan September 5, 2012 at 9:13 pm

Dont Panic

You dont have a score , because there is no history , its like banks are not giving you any credit card or loan , because they cant judge you , there is no history ! .. Better get a secured credit card , read http://www.jagoinvestor.com/2012/04/tips-to-improve-cibil-credit-score.html

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627 RD September 4, 2012 at 12:36 am

Applied for CIBIL and got the report on my mail within two days. Good service. My score is 763 that is good but not very good. I will make it more better. Thanks Manish for such usefull article and also for your replies..

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628 Manish Chauhan September 5, 2012 at 8:36 pm

Good to hear that .. just make sure you dont do wrong things :)

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629 sunil September 4, 2012 at 10:33 pm

Hi Manish,
Today I got a soft copy of the CIBIL score.
It said that my score was ‘NH’. The CIBIL report does say

I am planning to go for a personal loan and credit card soon.
Do you think that this might affect the personal loan and credit card ?
I already apply personal loan and credit card in ICICI bank but they rejected due to low score in CIBIL.
So shall i apply personal loan and credit card into other bank or wait .

Actully i am not understand my cibil report.

Thanks
Sunil

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630 Manish Chauhan September 5, 2012 at 8:19 pm

It means you dont have any score . Did you have any loan or credit card in past ?

Manish

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631 sunil September 6, 2012 at 12:46 pm

Hi,

I don’t have any credit card, but i take loan for laptop from bajaj finance.
When i take laptop then it was different which i purchased, i am trying to change it multiple times ( Starting 2-3 Months).
Vendor give me accused stock is not avialable once stock is avialable then he can change laptop,
But after 2-3 months he was refused that he cann’t change lapto, so finally i had surrunder my product to bajaj finance and take NOC.
So in this way my name is avialable in CIBIL from Bajaj Finance.

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632 Manish Chauhan September 8, 2012 at 9:58 pm

Obviosuly .. once you took the loan , your responsibility was to pay it off , irrespective of what happened with your vendor, unless you pay it off completely, your report will not be cleaned!

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633 sunil September 8, 2012 at 10:54 pm

Hi,

I accept my fault, but now what I can do for take loan or credit card from bank.
Any suggestion which can help me to take loan.

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634 Manish Chauhan September 10, 2012 at 9:27 am

You will have to take a secured credit card now , do a FD for 20k or 30k and take a credit card against it .

Manish

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635 sunil September 10, 2012 at 1:58 pm

Thank-You very much your valuable suggestion.

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636 rakesh September 6, 2012 at 1:53 am

Hi manish,
I got my cibil registration id and moving to next page for payment I have paid rs 470/ via net banking and payment successfull and deducted from my bank…after landing on authentication page..i got message page expired..pls suggest what to do since amount already deducted

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637 Manish Chauhan September 8, 2012 at 9:56 pm

Just contact the customer care . they will take care of it !

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638 rakesh September 6, 2012 at 2:27 pm

waiting for ur response

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639 NARASIMHA REDDY DL September 7, 2012 at 12:07 am

Hi sir i have applied for kotak creditcard as i am already holding HDFC and SBI but they rejected my application stating
Your credit history information with Credit Information Bureau of India Limited (CIBIL) is for a duration lesser than as required by us.

We regret to inform that your application has not been approved. Please note that this is no way a reflection of your credit worthiness.

will you suggest me how to proceed further

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640 Manish Chauhan September 8, 2012 at 9:37 pm

How old are your other credit cards and why do you need more credit cards ? Why dont you ask your current cards to increase your limit

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641 NARASIMHA REDDY September 8, 2012 at 10:05 pm

Hi Sir,
Thanks for reply and i am having hdfc from 2months and sbi from a month only

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642 jacob September 7, 2012 at 8:37 pm

Hello Manish,
Thanks for your initiative for this awareness and clearing our concerns!!
I have a concern too.
I have done Full and Final payment on my credit card around 60 days back in expecting that there won”t any ‘WRITTEN OFF’ or ‘SETTLED’ remarks in the Status of CIBIL eport. But,i have got my latest CIBIL report today and it is shown as ‘SETTLED’ against the credit card account.
What should i do now?
Shall i call Bank directly ? but what should be my approach?
How long they need to update the Status in Cibil report?
Please help me too in clearing this concern!!

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643 Manish Chauhan September 8, 2012 at 9:15 pm

I think you could have waited some more days , but till now generally the change should have happened. Now coming to the point, are you sure you have paid the full outstanding amount and again not paid the lower amount ? If you have paid full money, then it should not be SETTLED, raise a dispute resolution with CIBIL and tell them about this, they will check with bank once – http://www.jagoinvestor.com/2012/01/cibil-credit-report-mistakes-correction-steps.html

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644 jacob September 8, 2012 at 11:22 pm

Thanks for the guidance Manish!!
But before i got your response, i have called to the bank asking them that why it has come as SETTLED when i am sure that i have paid in full towards my credit card.They also said that it is not settlement that i have done and asked me to call back after 3 days since they want to see the repot fom CIBIL. They also said that, if there is any comment as “SETTLED”, then they will update it in 16 days.
But i have got chance to read your guidance now only. Shall i raise a dispute to CIBIL now or should i wait for the action from Bank?
But it could have been great,if the report gets updated soon.
Thanks in advance!!

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645 Manish Chauhan September 10, 2012 at 9:26 am

Let bank do its job , mostly it will get rectified, but in the meanwhile , also raise a complaint with CIBIL , anyways it takes 5 min and its FREE :)

Manish

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646 Jacob September 10, 2012 at 1:59 pm

Thanks Manish!!
I have raised a Dispute at CIBIL site as per your suggestion now. I have got copy of my raised dispute also at mail. Now lets wait for the action from Bank.Hopefully everything will get recified!

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647 Manish Chauhan September 12, 2012 at 11:45 am

Yes . lets see how it turns out to be !

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648 Jacob September 12, 2012 at 3:27 pm

Hello Manish,

As i mentioned earlier I have raised a CIBIL Dispute for the wrong ‘SETTLED’ remarks with proper information.And I am waiting for the status from CIBIL.
But I was looking at the SAME report today and have found two more issues.
1.Towards my existing Personal Loan Account, DATE OF LAST PAYMENT is shown as 19-04-2012 and is not updated till this xx-09-2012. In this period,i have payed the EMI’s ontime.
2.Under ENQUIRY INFORMATION,Two enquiry entry is shown against ICICI for Personal Loan on 23-11-2007 and 24-11-2007.
I have requested only once, then why it is two enquiry by Bank on two times.

Can I raise a CIBIL Dispute again for correcting these two issues now?Please note that i have already raised a Dispute over this CIBIL report.
If these Issues gets corrected, is there any chance on the improvement over my CIBIL Score.
Thanks in Advance!

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649 Manish Chauhan September 13, 2012 at 10:56 pm

Yes you can raise more requests and if these things will get corrected, there will be some improvement in your score, but not “drastic”

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650 Jacob September 14, 2012 at 1:14 pm

Thanks Manish!! I have raised a new Dispute at CIBIL. Thanks for the guidance and surely I will update you on the resposnses.

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651 Manish Chauhan September 18, 2012 at 1:37 pm

Sure .. let us know the progress !

652 Jacob September 18, 2012 at 3:31 pm

Hello Manish,
I have got response from CIBIL against my Dispute of removing invalid ‘SETTLED’ remarks and Making the Account as close.
Please find my raised Dispute below:
“It is regarding the invalid SETTLED remarks under the following report in CIBIL Report. Memeber
Name:XXXX Bank, Account Number:XXXXX,Account Type: Credit Card I have maid Full and
Final Payment towards this Account on XX-XX-2012 at XX Branch,Bangalore. Receipt No: is
XXXX.This Full and final payment was based on the Account statement that i have received on
XX-XX-2012 and on checking the balance with branch at the time of Payment.I have received a No due
certificated from XXX bank on XX-XX-XX by stating thath my Credit card has been Deactivated since
XX-XX-XXXX with no Amount as Outstanding.Ref.No:XXX/SRXX/C I have cross-checked with
XXX Customer care on XX-XX-XX after seeing the CIBIL report wrong remark and they have(Person is
XX, at XXam) told me that it was Full and Final payment only that I have done.Hence I request CIBIL
Authority to do the needful to remove the SETTLED remarks from the CIBIL Report and Show the ACC as
Closed.”

Please read the CIBIl Response as below:

“We had written to the relevant Credit Institution to confirm accuracy of information provided in your report. Based on the findings as provided by the Credit Institution, we would like to inform that the following particulars are updated in our records.

Member Name Account Number Corrected Particulars
XXX BANK XXXXX00XX Date Closed: XX/XX/2012

We had also written to XXX BANK for Account Number XXXX00XX to confirm Account Status provided in your CIR. Based on the findings as provided by the Credit Institution, we would like to inform that the information provided in your CIR is correct.”

My doubt is that whether the ‘SETTLED’ remarks will be still there in CIBIL report? My dispute was to prove that ‘SETTLED’ remark is wrong since I have done full and final payment.
Please clarify me.

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653 Manish Chauhan September 19, 2012 at 5:53 pm

Yes, it will be removed if you have not left even a single penny on the table, but the update will take some time . CIBIL will check with bank and bank will agree to it , only then the change will happen !

654 Premila September 8, 2012 at 1:27 pm

HI Sir

I had three types of loan in the year 2005 – 2007 with different banks (between 25,000.00 to 50,000) not exceeding more than that, due to my personal probs, i could not maintain sufficient cash in bank for all 3 ecs, obviously my cheques got bounced…

I settled, out of which 2 bank NOC is received, one more ididnt receive, becoz the collection boy taken final settlement of Rs, 4k to 5k sumthing and vasnished, by jst giving me the receipt.

Now, in the year 2009 i applied for personal loan, and the bank personnel told me that my CIBIL Score s too bad, and i need to wait for a year or so, to procure a new loan, since it has been 4 years am planning for loan.
Sir, i hope u have understood my situation. PLease give me guidance and advise to how to go about it..

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655 Manish Chauhan September 8, 2012 at 9:06 pm

Did you pay less than the outstanding and “settled” the loan, if thats the case, you will have to pay back each and every penny , that the first step. http://www.jagoinvestor.com/2012/04/tips-to-improve-cibil-credit-score.html

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656 Rajbir Singh September 10, 2012 at 5:12 pm

Sir,

I would like to inform you that the CIBIL REPORT has been generated by Member
ID BS00118888 with Control No 000554420028 in which loan accounts as
stated below have been shown in my name which does not belong to me
but due to these loans shown in your report my bank is demanding
clarification for the same accounts. You are requested to please give
me the details of the same loans and please remove the same from my
CIBIL REPORT. Detail of the Loan accounts are as under :-

Sr # Account Open Date Account Close Date Loan Amount Current Balance Name of Bank Account Number Type of Loan Ownership
1 07/06/2011. 05/03/2012. 8000 3960 Consumer Loan Indivisual
2 07/06/2011. 05/02/2012. 18000 0 Consumer Loan Indivisual
3 01/03/2007 – 400000 142578 Auto Loan (Personal) Indivisual

My PAN No is BDAPS0668A

Looking forward for your prompt reply in this matter.

With best regards,

RAJBIR SINGH
09812894502

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657 Manish Chauhan September 12, 2012 at 11:39 am

Looks like some one took loans with your identity . Check with CIBIL on this – http://www.jagoinvestor.com/2012/01/cibil-credit-report-mistakes-correction-steps.html

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658 Eshwar September 10, 2012 at 6:28 pm

Thanks a lot for the information Manish. I have become an avid reader of your posts. I applied for CIBIL score and got it via post in less than 10 days. My score is 799.

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659 Manish Chauhan September 14, 2012 at 6:25 am

Good to know that , are you planning to apply for a loan ?

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660 Eshwar September 14, 2012 at 9:50 am

No Manish,

Wanted to check it just to make sure that there are no surprises. I am saving to buy a home.

FAN MAIL:

Manish I wanted to let you know that you and your blog has helped me gain a lot of financial literacy.
I read and re-read your book multiple times. I wish I had read it sooner. I completed 5 years of my career before I discovered it.

I have used your posts on LIC and term insurance to surrender my Jeevan Anand and buy term insurance online.

I have lost the fear of MFs and started investing in it.

I am now looking at it for Health Insurance selection.

Pretty much any financial question that I have, I google it with appending jagoinvester to the search.

Thanks a lot Manish. Wish you a lot of successes.

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661 Manish Chauhan September 14, 2012 at 9:53 am

Glad to hear it :) . Can I earn a “Flipkart review” of my book by you :)

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662 Rakesh Kumar September 11, 2012 at 4:10 pm

Hi Manish,

I have got my CIBIL Score today it is 744. i need to register my Flat so i need funds. I am looking for a PL from ICICI my salary account. I earn 65000/- per month. will it be possible to get 3 lac loan considering below liabilities. i paid 84k of Citi bank cc yesterday. will it improve my score in next 1 week or not.

i have below liabilities.

1. Citi CC – 94k (paid 84k yesterday)
2. Axis CC – 30k (28k overdue)
3. StandardC CC- 20k (19k overdue)
4. Citi PL – 325000 (265000 overdue)
5. Axis Home Loan – 1828000 (1816000 overdue)

please suggest. Thanks

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663 Manish Chauhan September 12, 2012 at 10:22 am

I dont see any chance of you getting a further loan, you already have so much of loan and no bank would be willing to lend more by looking at your current outstandings . Also your report will get updated only after 45-60 days !

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664 Rakesh Kumar September 12, 2012 at 4:02 pm

Ok Manish thanks. then i would not apply for it. I will manager from some other sources for my registration or savings.. and yes you are doing a great job keep it up.

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665 Manish Chauhan September 13, 2012 at 10:53 pm

Yes , thats the best thing

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666 mkshekar September 12, 2012 at 2:07 pm

Hi. I asked a friend of mine to check my cibil data before proceeding to apply for a home loan. I found to my horror that two suits were filed against me from I dont know where and 3 outstanding loans. I have only 1 outstanding loan as on date. and another one was closed way back in 2009 prematurely (In order to avail the present outstanding loan)please note that the receipt with me states that it is towards final and full settlement.)How do i proceed to rectify all these and regularize my cibil record at the earliest and help me go for a new housing loan. please guide me.

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667 Manish Chauhan September 14, 2012 at 6:48 am

So you are saying that you never defaulted or there was no issue from your side, then your cibil should be clean . Please get in touch with those credit card and loans companies to understand how it appeared with them on your name when you have not taken it at all !

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668 Manjunath September 13, 2012 at 7:13 am

Hi sir i have applied for kotak creditcard as i am already holding HDFC credit card last 2 months but they rejected my application stating…
Your credit history information with Credit Information Bureau of India Limited (CIBIL) is for a duration lesser than as required by us.
We regret to inform that your application has not been approved. Please note that this is no way a reflection of your credit worthiness.
How much duration they required to apply new card on basis of old card?
Please confirm on priority.

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669 Manish Chauhan September 13, 2012 at 10:06 pm

Not sure of how much tenure it is needed for minimum . I might find out that and make a post on that, why dont you directly ask CIBIL about it

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670 Rupesh Naik September 13, 2012 at 11:03 am

Hi Manish,

I have an outstanding payment of Rs. 2200 for Airtel Postpaid. Do telephone bills records get updated in cibil? The payment is outstanding from last 9 months? What should I do?

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671 Manish Chauhan September 13, 2012 at 7:31 pm

Right now its not counted, but that data is always there, it might start affecting you later in life .

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672 Rupesh Naik September 14, 2012 at 9:17 am

Thanks a lot for the reply. It helps. Hmm..that means I should clear it off and I will. Future is uncertain, you never know when a small mistake may lead to a serious problem :)

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673 Manish Chauhan September 14, 2012 at 9:39 am

Yes .. thats exactly what happening with most of the people . better have a clean record !

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674 praveen kumar.P September 14, 2012 at 11:47 am

Hi sir, i have a doubt, a week ago i applied for my Credit Score with the help of my friend who works for a private bank in Hyderabad by paying Rs.800,inspite of knowing the charges,still i went ahead with him.after a week my got my score which was yesterday my scores show as 539 & personal loan score 549. but the thing is that,its show total no# of account as 6,overdue 2,zero balance 4,but i can’t see any bank name with whom i owe money or not. when i contact my friend he says they wouldn’t provid any bankname it would be showing only Loan opening and closing date. see my concern is that i want to clear all the debts then i want to apply for a home loan,will it be possible.??? and when i went through the CIBIL website there are two ways to get know our score one is by paying Rs 150 and another Rs.450. is their any way by which i can come to know about bank names.

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675 Praveen Kumar.P September 16, 2012 at 4:19 am

Hi sir, please help me…!!!
i have a doubt, a week ago i applied for my Credit Score with the help of my friend who works for a private bank in Hyderabad by paying Rs.800,inspite of knowing the charges,still i went ahead with him.after a week my got my score which was yesterday my scores show as 539 & personal loan score 549. but the thing is that,its show total no# of account as 6,overdue 2,zero balance 4,but i can’t see any bank name with whom i owe money or not. when i contact my friend he says they wouldn’t provid any bankname it would be showing only Loan opening and closing date. see my concern is that i want to clear all the debts then i want to apply for a home loan,will it be possible.??? and when i went through the CIBIL website there are two ways to get know our score one is by paying Rs 150 and another Rs.450. is their any way by which i can come to know about bank names.

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676 Manish Chauhan September 16, 2012 at 6:57 pm

Praveen

You must be knowing the bank names yourself right ? Why do you want to know it by others ? You had those loans , so you must be knowing the bank names . No ?

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677 praveen kumar.P September 17, 2012 at 8:19 pm

Thanks for your reply, sir one more doubt when i checked my loans documents i was surprise to see those were paid in full & they were not settled, i do have bank loan closure letters with me,so what should i do know,shall i raise a complain with the bank people…???? in my CIBIL report one bank black listed my name just for Rs.290 interest Rs.45 total Rs.335, as per your suggestion i checked all my old documents finally i came to know it was with HSBC personal loan,then immediately i called up Cust.serv she said yes their is balance of Rs.335,i clear stated her that i took the loan in Sep 2006 it got ended in Oct 2008 for an amount of Rs.20k,but nobody contact me or sending any mail or atleast a SMS that their is a balance she said we have sent a letter to you,later on i went to the bank there i spoke to one lady & she asked me to pay the amount due,which i did and asked me to send a mail with the receipt scanned to info@hsbc.co.in. she promised me that within 3 working days i will get NOC later they will inform CIBIL people. my concern is that why is that my name still appearing in Black listed when i made the payment in full,i do understand their are some cheque bounce’s,but that was in the year 2006 to 2008. why they still informed my name to CIBIL when i paid back their money in full..what should i do now should i go to other bank with the closure letters and asking them to remove my name from CIBIL,will that be possible..

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678 Manish Chauhan September 18, 2012 at 9:47 am

Calm down first .. It might happen that you made a late payment in last month (not sure on this) , which might have envoked a late payment which you didnt knew ! . Now as you have paid it, check your report after 45-60 days, but then , it must have got updated !

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679 praveen kumar.P September 19, 2012 at 11:39 am

Hi manish,
Even if they take out my name for CIBIL defaulters list and will there be any great impact in my Credit Score, i mean to say is there any chances of getting my score increased.

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680 Manish Chauhan September 19, 2012 at 5:22 pm

There is no “defaulter” list . There is just a report , your status will be changed , thats all , the score will improve , but not drastically !

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681 praveen kumar.P September 20, 2012 at 10:43 am

Thanks a lot manish

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682 praveen kumar.P September 24, 2012 at 2:23 am

hi sir, as i discussed it earlier about my HSBC P.loan which i took it in 2006 got completed in 2008,now when i checked my credit report i found that they had reported to CIBIL for not paying rs.300 & it is showing as 900 days delinquency,i still remember when i took loan i gave ECS to pay my EMI,so my question to you is that,when i gave them rights to withdraw money from my bank for there EMI’s & they did it for entire loan tenure,so why is that they did not take out money from my bank for those Rs.300,instead of that they reported to CIBIL, so on this bases can i fight with them that mistake is from there side as well as they didnt contact me or sending any due amout mail,email or sms to me. now i got the NOC from them on 21st sep as they promised what shoud i do now…?????
one more question i took one more loan from HDFC in 2006 for Rs.15k,i paid all the EMI’s on time,just once i miss the payment, so why is that they informed to CIBIL when i made the payment on time got the NOC in 2008 & balance is showing zero, when i spoke to there customer service they said someone will get back to you& day before yesterday i got a call from HDFC chennai & they said we didnt report anything bad ab my loan repayment track,sd ur payments were standard,so can i ask them any written letter stating that my loan track was took just because its appearing in CIBIL inspite of showing zero balance..what do you suggest for this one,pls advice me seperately for both the bank…thanks in advance

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683 Manish Chauhan September 26, 2012 at 1:06 pm

What I would suggest is that as of now, better pay it off and let it get correct in CIBIL and later file a case against them

684 Vinodhkumar September 14, 2012 at 11:25 pm

Hi, manish,
I used last 10years creditcards more then 20. On the time the transaction and making payment ontime for all cards. But, unfortunatly i can’t able to continue to using 20 cards. Last two years i can’t able to make payment. Now , i tried settled one by one. now still pending 6 cards. May be i settle by this month to all cards.
Only one card still iam using properly.
f, i close to all bank credit card, when i try to apply housing loan?

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685 Manish Chauhan September 18, 2012 at 1:14 pm

No , you will not get any loan unless you pay full amount on all credit cards . Settlement is not a solution , it will be reported to CIBIL

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686 Manish September 15, 2012 at 3:18 pm

Have Small doubt..
If a take an account of 470 will I able to access my information/report any time or this 470 Rs is a fees for only one time access of CIBIL TransUnion Score (Including CIR)?

Thanks In advance

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687 Credexpert December 7, 2013 at 12:43 pm

Dear Manish,

Rs. 470 is a one time fee to access the CIBIL credit bureau report and score.

Regards,
Credexpert
http://www.credexpert.in

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688 Sat September 16, 2012 at 5:11 pm

I am unable to pass ID authenticator, it keeps on asking lender question. Highest lender question answered and now lowest lender question is not getting passed. No matter what I select. That page is still there from half an hour.

Payment has been done successfully though.

Please suggest.

Thanks in advance.

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689 Manish Chauhan September 16, 2012 at 6:47 pm

Sat, thats a little strange , can you get on call with customer care for this and resolve ?

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690 jitendra September 17, 2012 at 12:50 pm

Sir,
Please send my credit score detail against my personnel loan taken through SBI.

jitendra

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691 Manish Chauhan September 18, 2012 at 10:20 am

Apply it on CIBIL

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692 priya September 17, 2012 at 4:35 pm

Dear Manish,

I had taken loan and credit card in past however currently i dont have any dues…i had applied for CIBIL report and my score is 841. Now i am planning to take home loan….what do you think will i get a loan

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693 Manish Chauhan September 18, 2012 at 10:06 am

Yes, its a good score

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694 priya September 17, 2012 at 5:10 pm

Hi Manish,

I had taken credit card and loans in past however now i dont have any dues pending….i had applied for CIBIL score which is 836….Now i am planning to take home loan….Wil i get the home loan

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695 Manish Chauhan September 18, 2012 at 9:59 am

Yes , 836 is a great score.. you should be accepted for home loan , but finally it will depend on your salary and how much you are paying in debt right now !

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696 H Abdul Azad September 18, 2012 at 5:56 pm

Dear Manish,
I had vehicle loan with Indusind bank for 18 month tenure from August 2010. I agreed to pay EMIs through my ICICI Sal SB a/c. My first EMI not debited in ICICI, I checked with them, they told my signature is mismatching like that. In the meantime Indusind bank approached me and got my first EMI by cash. Like that every month I made payment by cash through the collection agent. But my mistake I have not taken any steps to check the signature in ICICI. The collection agent not regularly collecting cash from me, he took his own time to collect the cash, that time I have not bothered about that whenever he comes I made payment. (It delayed two months because of the collection agent not came to my home he collected 2 months payment at one stretch) But I made all my payment within 18 months. While getting NOC the banker told I have to pay 1500 for late payment(s). But I told it is not my mistake it is because of your bank. And he convinced me and collected 350 as late fee, to get the NOC, I paid and got the NOC. Last week I applied personal loan, it was rejected due to low CIBIL score, and the loan person told the score is 540. It highly disappointed me. I don’t know what to do, could you please help on this.
Note: I had personal loan with HDFC for 3 years from 2007 successfully pre-closed the loan before 6 month of actual closure. And I had personal loan with Axis bank from 2008 ~ Sep 2012 successfully completed recently (This loan was repaid through the same ICICI Sal SB a/c ECS)

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697 Manish Chauhan September 19, 2012 at 5:40 pm

I wont say its bank mistake totally. while its collection agent lethargy , but you should also have been a little proactive to make sure the payment was done on time, you should have better paid that small payment and got things clear !

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698 H Abdul Azad September 19, 2012 at 10:10 pm

Dear Manish,

Thanks for your reply.
Could you please tell me how to correct my CIBIL score in future, or is there any possibilities to approach Indusind bank to correct the same. I am planning to take home loan also, but all the sudden everything collapsed. Please advise….

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699 Manish Chauhan September 22, 2012 at 2:12 pm
700 H Abdul Azad September 23, 2012 at 1:10 pm

Dear Manish,

Thanks for your reply. The site which you referred is very useful. Sure, i will manage my existing credit cards carefully and get my score up.

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701 Tarak Nath Singh September 20, 2012 at 2:03 am

Hi Mr Manish,

Request you to help me on below said problem and mail me your advise and idea to get rid off.
loan.
1. I had taken a car loan from ICICI in Aug-2008 and it was already been completed in July-2011 within stipulated time, so there was no delay in payment.
2. Recently I have applied for personal loan from ICICI but it was declined. ICICI officials told me that my CIBIL record is not good enough to lend me and because 10-12 ECS was bounced during my payment for car laon.
3. I have contacted in CIBIL institution and purchased CIR report by paying 470. I have already got my CIR report on 30th Aug-12 and I found that my credit score is 780,then also my personal loan was declined. Personally I met with ICICI officails many times but not approved.

Pls advise me and request you to send your valuable advise and suggestion on my personal mail id.i.e.tarak.singh@gmail.com.

BR//
Tarak

Reply

702 Manish Chauhan September 22, 2012 at 2:04 pm

most of the banks looks for more than 800+

Reply

703 Tarak Nath Singh September 26, 2012 at 1:32 am

Hi Mr Manish,

Here is my total credit history, pls advise me.
I have applied for personal loan of 2 lac from ICICI bank and it was rejected due to CIBIL report.After inquiring I came to know the following points:-
1. I had taken CAR loan in Aug-2008 and it was closed in July-2011 within stipulated time and there was no delay but as per ICICI officials my ECS was bounced 10-12 times during EMI payment as it was auto debited from my ICICI’s salary account, but they are providing me the details.
2. Then I purchased CIR and also received the hard copy and the credit score is 780.I have shown my CIR report to ICICI officials but nothing happened and their RM not approved my personal loan.
3. One more thing I would like to share with you that presently I am not bearing any credit card but I had used SBI & AXIS Bank credit card till 2007 but due to some unavoidable circumstances the due amount of my credit card was unpaid for long time and it was settled in 2011 after paying Rs 40,000 and Rs 34,200 respectively and also got NOC from SBI.
4. After that I written many mails to CIBIL and asked the reason that why my PL was rejected and I got a mail from CIBIL and they stated that they have done an in-depth analysis of the dispute raised by me and it was observed that the information pertaining to another individual’s credit report was inadvertently mixed with my report. And they have immediately taken corrective action to separate the information.
And they assured me that the disputed account is removed and will not appear in my report going forward.
5. Then again I talked with ICICI bank and forwarded the said mail which I have received from CIBIL and asked them to process my PL but this time also they denied.
6. Now again I have applied for PL from Axis Bank as advised by somebody. So is there any possibilities to decline my PL again.
I request you to help me in this regard.

BR//
Tarak

Reply

704 Manish Chauhan September 26, 2012 at 10:50 am

there are two things you need to check , report and score..

After removing the disputed account info , is your report still clean ? I dont think so , the debt you had done settlement for, it will be marked as SETTLED in your report and it must be causing the issue, unless you pay it off back , it will not be removed. talk to the bank about it

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705 Tarak Nath Singh September 26, 2012 at 7:22 pm

Hi Mr Manish,
Thanks for your reply.

Again I have to purchased the CIR to know my revised report & score or is there any other process?

Pls advice.

BR//
Tarak

Reply

706 Manish Chauhan September 29, 2012 at 11:46 am

You have to pay again !

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707 Tarak Nath Singh September 20, 2012 at 2:07 am

Hi Mr Manish,

You are great and helping us nicely.

BR//
Tarak

Reply

708 Manish Chauhan September 22, 2012 at 2:03 pm

Thanks Tarak

Reply

709 Rajat Goswami September 20, 2012 at 4:47 pm

Hi Manish,

I want to apply for a home loan.

I have following credit details:-

HDFC P/L – Closed by prepayment (15 days back)
StanC Credit Card – 20000.00 (out of this 8000/- paid yesterday)
HDFC Credit Card – 12000 (5000 paid yesdterday)

Do i have a chance of getting loan.

Reply

710 Manish Chauhan September 22, 2012 at 1:38 pm

I dont think you will get a loan with these many loans already . Also even if you close all of them and apply for loan , you might not get it immediately , because there has to be a gap between two loans

Reply

711 Jacob September 21, 2012 at 4:38 pm

Hello Manish,
How many times in a Year that we can apply for CIBIL Score online without getting affected to CIBIL Score.
Best Regards,
Jacob

Reply

712 Jacob September 21, 2012 at 6:35 pm

Dear Manish,
My new query is on DPD entries in my CIBIl Report. I had a CC with a bank on 2007 and closed with full payment on 2008. There is no Overdue exists also.Please find the details below:

Dates
Date opened: 06-08-2007
Date Closed: 08-04-2008

Account Status
Credit limit::12,000
high credit:20,201
Current Balance:0
Amount Overdue: –

Status
Every thing is blank(No written off or Settled)

DPD/AC 797 767 736 …..
Monthly-Year 05-12 04-12 0312………

But then why there is this many Days as DPD comes against this account as shown above. Is it a Mistake for against I have to raise a Disput at CIBIL? Or else, Is it fine to be like this in Report.

Thanks in Advance!

Reply

713 Manish Chauhan September 22, 2012 at 9:57 am

DPD generally mean that for any given month how many days of debt was not paid . Now that should be last 36 months of data. AS you are saying that there is no dues on your name now, it should not be such a high number in DPD’s , you need to talk to CIBIL in this case

Reply

714 Manish Chauhan September 22, 2012 at 10:04 am

You can get it any number of times . There is no impact because of that in your report

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715 RAJA September 21, 2012 at 9:38 pm

Hi Manish,
I got a pl loan of 20000/- in the year 2008 from ficcl but i got 18200/-loan by cheque & i have paid 12 installment without failing after paying 12 th emi i stooped the payment due to some unavoidable reason.I recently got my CIBIL report on payment from CIBIL in that report there is written-off (principal) report was there by ficcl against a payment overdue of 15,994/- after that i visited ficcl office & made all the due payments payment details are -12453/-,loan prepayment charges of the principal loan amount outstanding as on date of prepayment 4% (498/-),service tax for 4% (62/-),interest arrears -3541/-, penalty charges-3371/- on 18/9/2012 TOTAL AMOUNT PAID TO FICCL – 19925/- now I want to know from you that how much time it will take to remove the written-off status. please let me know the new status it will reflect in CIBIL report & for getting new loans is there is any bar if yes then for how much time. Looking forward for valuable reply.

Reply

716 Manish Chauhan September 22, 2012 at 9:49 am

Raja

the bank will now update it with CIBIL in 45-60 days . and then the written off status will get removed , but the point is the DPD’s status will still refelct some part of your dues , and that can the issue while getting the loan

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717 Rahul September 22, 2012 at 1:23 pm

Hi Manish,

I applied for a personal loan with HDFC bank but they rejected because in past i had a bike loan and Although i have paid all the installments now, yet there were 5 cheque bounces during the repayment period. When will i again become eligible to apply for a loan and successfully get it.

Reply

718 Manish Chauhan September 22, 2012 at 1:25 pm

first apply for your credit report and check what is your score ? Is it very low ?

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719 Raj September 22, 2012 at 3:37 pm

please tell me my cibil score

i have given to improve it as on 4thsep.2012,

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720 Raj September 22, 2012 at 3:41 pm

Plaese tell me my cibil score

i have taken a mail of cibil report and also a request forward to improve it with all docx. an dpayment

how can i understand my score who is in hand to me and my mail.

help me

Reply

721 Manish Chauhan September 26, 2012 at 2:01 pm

What is your score as per the report ?

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722 Sam September 26, 2012 at 10:00 pm

Hi Manish,
Any Idea will CIBIL report have data of HSBC credit card settlement which i had in year 2003? I didnt even have pan card those days. I might have given my passport as proof.

Reply

723 Manish Chauhan September 29, 2012 at 11:29 am

Its in CIBIL report, because it was settled and not paid in FULL , settlement goes into CIBIL , you are in trouble !

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724 Romil September 27, 2012 at 12:37 pm

Hi Manish,

I have a problem, recently I have applied for a car loan but when the bank called my CIBIL report it mentioned a credit card unpaid amount of R. 70k. I have only 1 credit card and its very regular. How can I correct this in my report as the bank is not ready to listen my justifications.

Reply

725 Manish Chauhan September 29, 2012 at 11:02 am

Which credit card is it ? Did you have another card ? Check your report once and look into the matter, there might be a fraud case againt your name !

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726 Romil September 29, 2012 at 11:33 am

On the report nowhere the name of bank / issuing authority name has been mentioned. I do not have any second card. When I tried to inquire for the same with the bank who has rejected my loan request they were blank with a simple reply that the detail of such is not mentioned in the report so whatever is mentioned whether correct or wrong they are imposed to believe it and work accordingly.

Reply

727 Manish Chauhan September 29, 2012 at 11:41 am

then raise a dispute resolution with CIBIL and ask them which bank is it , if you feel that the data is wrong . http://www.jagoinvestor.com/2012/01/cibil-credit-report-mistakes-correction-steps.html

Reply

728 Dharminder Singh September 28, 2012 at 12:44 pm

kindly check my cibil my pan -awqps9509n
send my email

Reply

729 Manish Chauhan September 29, 2012 at 10:35 am

You have to apply for it on cibil website, by paying Rs 470

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730 Anuj Mittal September 28, 2012 at 1:25 pm

Hi Manish,

My score is 560. Do I stand a chance of getting a home loan (secured)? Does pre-paying a loan helps in improving a score in comparison to paying all EMIs in time without a single delayed incident ?

Looking forward to your reply.

Regards,

Reply

731 Manish Chauhan September 29, 2012 at 10:33 am

Thats a very bad score. Did you have any past loans which you didnt not pay in FULL ?

Reply

732 Anuj Mittal September 29, 2012 at 11:42 am

There were 2-3 disputed credit card payments 4 years back which I didn’t clear. After that, I went abroad for 3 years so banks wouldn’t have been able to contact me. Currently, I pay my EMI and cc bill absolutely in time.

But home loan is secured loan. Suppose, I borrow only 50% of the cost of the property, will it still be difficult for me to get a loan ?

Regards,
Anshul

Reply

733 Manish Chauhan September 29, 2012 at 11:44 am

Simple Fact – Unless you clear off the full amount of past loans, your credit report will mention those loans as WRITTEN OFF and no lender will lend you , even a paisa ! .. Just clear it off .

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734 Shaik October 1, 2012 at 5:24 pm

Hi Manish,

First I would like to thank you very mush for helping us.
I was working in Citigroup and I had 2 personal loan and 1 OD account from Citibank and also 1 personal loan from HDFC bank.
I have a problem
I have used Citibank OD amount and converted to EMI
I had closed all the 3 personal Loan and 1 OD on 2011
but now after 1 year I want to apply for the Car Loan in ICICI Bank but the ICICI bank is telling that there is a due in Citibank But when i check with Citibank they said every think is closed but the Citibank is not able to give me the NOC or Closer letter for the closed OD account
Could you please help me
How can I know what it is pending ?
How can I know my detail of all the bank status ?
How can I know how much it is pending in which bank ?
-Thanks

Reply

735 Manish Chauhan October 2, 2012 at 1:32 pm

I think there is some thing which was written off by citibank and your case is closed, thats the reason why they are saying there is nothing pending and its closed, but instead of a clean closed case, its a dirty cloased case . I suggest opening a dispute resolution with CIBIL http://www.jagoinvestor.com/2012/01/cibil-credit-report-mistakes-correction-steps.html

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736 Pavan October 1, 2012 at 11:08 pm

Hi Manish,

Can you please let me know the difference between these two reports?

1). CIR
2). CIBIL TransUnion Score

Should i go only for CIR report OR we must have to go for TransUnion score report?

My only concern is that if we can get sufficient information only on 145/- rs in CIR then can go for CIR report twice or thrice in a year to track our credit history.

Any suggestion?

Thanks,
Pavan

Reply

737 Manish Chauhan October 2, 2012 at 12:58 pm

1. CIR is just a report containing your information like different loan accounts and past info

2. Score will have a number called as CIBIL score along with CIR , if you do not want to know your Score, then you can just order CIR

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738 Amit Mohanty October 2, 2012 at 5:06 pm

I applied for AMEX card and it got rejected recently.The reason was that my cibil score is not above 700.I bought the CIBIL Report.I am kind of confused after seeing the report.

1.I have not missed a single payment from last 4 years.
2. I have never done late payment
3.I have never settled any account/written off
4.I have 2 credit cards and both are almost unused.

Still my score is low.However I have seen 2 things
1.I have taken an education loan from SBI and was closed in 2010.I have the closure document but in the report it does not show closed.
2.My Annual Income is wrongly quoted.They have missed a ‘0’ Zero.Bringing down my salary 10 times below my actual :-)

Can these 2 points be the reason for my low score?What needs to be done?How long does it take to correct the mistake and get a revised score.

** I did not see any posts regarding a low score because of wrong income.So was curious does that mistake actullay messes up the score or not ?Also the frequency shows ANNUAL so i assume its my CTC.

Please help

Reply

739 Manish Chauhan October 4, 2012 at 7:36 pm

Actually your income does not matter, but there can be relation between your income and your loan , like outstanding loan in comparision to your income, so that would be 10 times ! .. Your education loan seems to be the issue , what is the status in the report for that loan ?

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740 Amit Mohanty October 5, 2012 at 1:31 am

Its hows Rs 2400 due and last payment received inJuly,2010.There is no closure date/I have raised a dispute for the same.Is it possible that this single point messes up my report ??

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741 Manish Chauhan October 9, 2012 at 11:21 am

Yes, it can mess up big time . it will be mentioned as WRITTEN off in your report and banks will not give loan looking at that !

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742 Amit Mohanty October 9, 2012 at 12:10 pm

The strange thing is that the report does no show WRITTEN OFF.Infact it does not show any status for thr edu loan account.it shows ‘-‘ . .Just that there is no closure date and in the due amount Rs 2400 is shown.What does that mean?If there is no WRITTEN OFF mentioned yet some amount is due then does it still affect?

Reply

743 Manish Chauhan October 9, 2012 at 12:32 pm

It means that they have not closed that account, I suggest pay off 2400 and close the matter, if its not your mistake, then pursue it later with bank

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744 Amit Mohanty October 9, 2012 at 12:39 pm

I had already paid Rs 2400 in 2010 and have obtained the NOC after closing the account.They have not updated the details in CIBIL.I have raised a dispute with CIBIL and they replied that they will resolve the issue in 30 days.Even if the status is ‘-‘ and the amount is due then it will affect my score?The reason I am asking this is because nothing else looks bad in my report.All my credit cards are unused,all loan accounts closed,no settlement/written off and not a single late payment.So if this issue is fixed my score will be improved?
Sorry for bugging you but I do not know who else to ask questions.

Reply

745 Manish Chauhan October 12, 2012 at 3:34 pm

Yes it will improve your score, but not much , because anyways this is a small issue .

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746 Baskar October 3, 2012 at 2:04 am

Hi Manish

After reading the above comments (few) you are doing a great job.

I have taken a pl in Citifinancial and I have not paid the last 2 installments for some personal reasons. It was more than years pending. How long my name will be in CIBIl?

Reply

747 Manish Chauhan October 4, 2012 at 6:54 pm

For 15-20 yrs !

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748 Amit October 3, 2012 at 2:52 pm

Hi Manish,

I have applied for home loan.This bank is saying i am gutanter for two persons.
Can i know the name of persons through CIBIL report ? or is there any other report which can tell me the persons name to whom i am the guranter.

Reply

749 Manish Chauhan October 4, 2012 at 6:40 pm

Have you never been a guarantor to someone loan ? If not, then its mostly a identity theft issue . Better check your report first

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750 Amit October 5, 2012 at 1:20 pm

I was guarantor but i am not remembering the names of person.
Whether i can get the name of that persons or other details from CIBIL report.

Reply

751 Manish Chauhan October 9, 2012 at 11:16 am

You dont remember ? Are you serious !

Reply

752 Shaik October 3, 2012 at 7:49 pm

Hi Manish,

Reply

753 Shaik October 3, 2012 at 8:09 pm

Hi Mansih thanks for helping us as u said to apply CIR report so i got my CIR report.

In the report i came to know about ICICI credit card as overdue of 60,000 unfortunately i didn’t received after applying and also informed to ICICI that I have not recieved to ICICI in 2008, In short it was received and misused by someone i called to ICICI customer care after seeing the CIBIL report,they said they will contact the branch and get back to me tomorrow.

So please suggest me the correct procedure to remove this dispute
1. Do i need to go through ICICI bank
2 or shall i complaint to CIBIL

Reply

754 Manish Chauhan October 4, 2012 at 6:06 pm

Wait for ICICI response .. it might happen that it was misused, there nothing CIBIL can do here, its a matter between your bank and you .

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755 Kunal October 3, 2012 at 10:28 pm

Hi Manish,

I have total of 7 credit cards of different with credit limit of around 9-10 lakhs. 2 credit cards were never used & were closed by the bank.

Only once there was a delay in payment & late fees was charged which was reversed by the bank.

My monthly credit card bill is around 25-30 thousand & is always paid in full. Never defaulted any payments.

Also I have a housing loan, EMI for which is paid on monthly basis through ECS. (no default)

My questions

1 Does the number of credit cards affect Cibil Scores ?
2 One of late payment fees charged by bank & later reversed in same bill affect the Cibil scores
3 Paying Housing loan in timely manner without any default affect the credit score.

If answer to any of my questions is yes please advice to improve the score.

Reply

756 Manish Chauhan October 4, 2012 at 6:00 pm

Kunal

1. NO , its not the number, but the quantum of unsecured credit out of the total credit you have .

2. No , only the outstanding dues in a given month is reported !

3. It will affect in POSITIVE way and help build credit score !

Reply

757 Kunal October 3, 2012 at 10:30 pm

Hi Manish,

I have total of 7 credit cards of different with credit limit of around 9-10 lakhs. 2 credit cards were never used & were closed by the bank.

Only once there was a delay in payment & late fees was charged which was reversed by the bank.

My monthly credit card bill is around 25-30 thousand & is always paid in full. Never defaulted any payments.

Also I have a housing loan, EMI for which is paid on monthly basis through ECS. (no defaults)

My questions

1 Does the number of credit cards affect Cibil Scores ?
2 One of late payment fees charged by bank & later reversed in same bill affect the Cibil scores
3 Paying Housing loan in timely manner without any default affect the credit score.

If answer to any of my questions is yes please advice to improve the score.

Reply

758 Pradeep Bhandari October 10, 2012 at 4:20 pm

Reply of 1. No. …..NO
Reply of 2. No…… it may affect if you are negotiation is not acceptable by bank example: if not acceptable late payment charges will keep reflating in your bill or your card will closed after limit
Reply of 3. No …… your scores will be good …….. as low is 300 (as per your income and bank transition your score gets increased )

Reply

759 Purnendra October 4, 2012 at 4:05 pm

Hi,
I applied for car loan . and i got to know that there is some 2090 INR rs overdue
will this amout impact my SCORE badly?
on my name for some credit card but as per my knowledge i am using only one credit card and that i am paying on time but some time back citi bank issue me on credit which i hv neve used and even i dont knw its number . i am still not able to know how this due is coming in my name?

Reply

760 Manish Chauhan October 4, 2012 at 5:00 pm

Yes it will affect your score .. better enquire more about it , order your credit report !

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761 Purnendra October 4, 2012 at 5:05 pm

will report tell me clearly abt card numbers and bank detail? as i m not aware about to whom i need to repay that ?
as i just got to know due to this my score is around 650

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762 Manish Chauhan October 4, 2012 at 5:32 pm

It will not give the bank name, it will give you the amount outstanding and type of loan, you will have to follow up with CIBIL on that.

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763 Purnendra October 4, 2012 at 5:39 pm

How to follow up with CIBIL on that ?

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764 Manish Chauhan October 4, 2012 at 6:39 pm

You will have to raise a dispute resolution . See this article http://www.jagoinvestor.com/2012/01/cibil-credit-report-mistakes-correction-steps.html

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765 Purnendra October 4, 2012 at 7:27 pm

this is not dispute i just want to know the details of default accounts so that i can pay the respective accounts in my case this is credit card number will it have this number in place of account number column?

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766 Purnendra October 5, 2012 at 6:46 pm

hi,
i applied to car loan on this monday and on wednsday they took my CBIL report and score was coming 688 and so they asked to check it and there was one overdue on my credit card which is i have already cleared 5 months back in April and that card also is expired and i got new card with new number . this card is also there in CBIL report .

so i have 2 account in CBIL one for expired credit card with overdue
other with new card number without any overdue. i dont able to under stand as i have clerd my due amout still it is showing overdue.
and one intresting fact i applied for my personal CBIL report today and my score os now coming 769 but it has same history with overdue as bank have . How can these two score differ in two dyas as i havnt did any thing?

Reply

767 Manish Chauhan October 9, 2012 at 10:59 am

Looks like your credit card company has not updated with CIBIL , ask them to do it !

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768 Purnendra October 9, 2012 at 1:03 pm

but can you please explain in 2 days with the same history
how my score is coming different.
it was 688 2 days before in bank’s report(i have seen this myself) and it is coming 769 in my personal report ?

Reply

769 Sanjay October 9, 2012 at 12:08 am

Cibil did not issue my report after submitting scan as well as hard copies of my details. They just want to eat our money. They did not authorised Axis Bank statement address proof. They just want to cheat people, they belong to same category who just work for their own gain on general public money.

Reply

770 Manish Chauhan October 9, 2012 at 9:49 am

Sanjay

Did you talk to the customer care people on this , what are they saying ?

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771 Sanjay Shiyalwala October 9, 2012 at 3:02 pm

Dear Manish,

I had contacted them and what they exactly want is that one of the Bank should send their personal executive to my house and to verify the same address which is on my bank statement. And why any bank will do this, as already they have verified my address before updating into their system with all my address proof documents submitted to them.

Cibil just collecting money and later starts harassing, so that we don’t ask them again and they will gain that money.

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772 Manish Chauhan October 12, 2012 at 3:23 pm

Is your address with banks same as your current address, I doubt ! ..

Because CIBIL only sends the report if your address proof matches with the one with your bank . If its not same , then you should first change it on bank side.

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773 Sanjay October 12, 2012 at 11:45 pm

Dear Manish,

I had updated the address as per my current residence, and had got updated with Axis bank for address proof while giving them my telephone and gas connection bill. But still they told that my address is not matching as per their records, so may be they have old address in any of my credit card. I am living in rented house so used to change house every 2 years as per I find good and suitable house. I have not updated my address to my credit card.
For report delivery I also requestd to send me via email, but that also they didn’t agree and wanted to have address proof from any national bank whose executive should visit my house and then send them report. Its not possible so I just dropped that idea and understood that I got into wrong place for CIBIL report.
Thanks
Sanjay

Reply

774 Manish Chauhan October 16, 2012 at 2:41 pm

Yes, its all done to make sure only right person gets the report . The point is , your all banks records for address and other things should match ! .. with your current records. if not, then make changes in the bank side

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775 Sanjay October 16, 2012 at 3:22 pm

Dear Manish,

I agree, but I had many credit cards earlier and all I have closed, and it is not possible to get all the address changed. Also I have given bank statement with my present address with transactions in that month to prove that I am the right person on the correct address. Its not possible to go to each bank and change my address accordingly. For my identifications I had submitted the bank statement, telephone bill and gas connection with all same address and with transactions in that particular month. What more they need for ID proof.

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776 mkshekar October 9, 2012 at 1:48 pm

Hi I need to know a few things

I got my cibil report in my mail and found my score was 823. fine. I discovered so many inquiries which were not mine from various banks. This report was dated 25-09-12 .But again when my bank took a fresh report on 4-10-12 when i submitted a loan application I found the score drastically reduced to 713. what could be the reason.? could it be because of the latest unauthorized inquiry i found from a bank and it was dated 11-09-12.Is it because somebody has taken a loan in my name and it is yet to be updated in my report? so many doubts I have. how do i dispute this inquiry which is not mine? in cibil

Reply

777 p.pasupathi October 9, 2012 at 7:48 pm

kindly give handphone no-

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778 Manish Chauhan October 12, 2012 at 3:27 pm

Yes , there might be an identity theft case againt you and some one has misused your details . you need to enquire on all the loans which are not taken by you

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779 Dhruva Pathak October 10, 2012 at 10:17 am

This is one of the best articles I have come across for cibil. Does buying and selling of
Mutual Funds tracked by cibil?

Reply

780 Manish Chauhan October 12, 2012 at 1:06 pm

No , mutual funds investment are not tracked by CIBIL

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781 Ranjani October 10, 2012 at 12:20 pm

Hi,

I have applied for Cibil report online, I have not received the details n email, but i have got a message in my handphone, how can i get the detailed report.

Reply

782 Manish Chauhan October 12, 2012 at 12:39 pm

WHy are oyu not getting it on email , contact the customer care !

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783 Ranjani October 10, 2012 at 12:51 pm

Hi Manish,

I have applied for CIR and payed 470,, the process was successful, I have received an sms in my handphone that the details were emailed on 8-10-12. But till date i have not received any details in my email. How do i contact them to get the details.
Please suggest.

Reply

784 Manish Chauhan October 12, 2012 at 12:32 pm

Contact on the customer care .

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785 Harish October 11, 2012 at 9:05 pm

Hi Manish,

I have applied for personal loan and credit card from different banks and it was rejected from all banks due to CIBIL issue. I did not take any loans and even any product on EMI Basis, I dont know what is the problem exactly. Where can I get my report and how to apply for that, please help me in this issue and is there any office in Hyderabad to know the details about my CIBIL Issue and how much I have to pay for this if want to apply in online.

Reply

786 Manish Chauhan October 12, 2012 at 10:34 am

Did you have any credit card earlier ? Or have you been someone guarantor for any loan ?

First check your cibil report . apply online for it , follow this – http://www.jagoinvestor.com/2011/12/get-cibil-score-online.html

Reply

787 Vijayaraghavan October 12, 2012 at 10:53 am

Thanks Minesh.. I really appreciate the instructions u sent across.. pasting the same for other’s reference. i was able to reach CIBIL finally.

Dial the number 022-66384600 . It will ask you if you want any information on cibil report etc and ask you to dial 1 , else directly press the extention number .

So press 1 , then it will ask for language , again press 1 for english and then it will give many options , and final option will be 9 for speaking to any customer care executive . Then press 9 . after 2 min , I was greeted by one lady Shruti who asked me if I had any issue :) .

So after dialing the number , follow this sequence 1-1-9

Reply

788 Manish Chauhan October 16, 2012 at 2:51 pm

Welcome

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789 riyaz .a.wadiwala October 12, 2012 at 4:31 pm

my question is i do i repair my score because iam not getting any card so plz answer as sooon as posible

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790 Manish Chauhan October 16, 2012 at 2:42 pm

Take a secured credit card .. and use it

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791 mkshekar October 13, 2012 at 7:47 am

“Manish Chauhan October 12, 2012 at 3:27 pm
Yes , there might be an identity theft case againt you and some one has misused your details . you need to enquire on all the loans which are not taken by you”

Ya . But I enquired with a all the branches of the member bank which apparatly made the enquiry. But all of them negated making any enquiry in my name.
and you havent replied to my second query wjy would my score drastically rfeduce by over 100 points?

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792 Manish Chauhan October 16, 2012 at 2:39 pm

Where is your old reply , I cant locate it now

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793 rocky October 13, 2012 at 9:15 am

does it make sense to check my CIBIL score as I have started sing credit cards last year onwards and have not taken any type of loan till now?

one more thing…the link you provide doesn’t open in new window/tab but on same page..”1. Fill up the online form The first step is to fill up a form online here”…

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794 Manish Chauhan October 16, 2012 at 2:36 pm

Yes ,it makes sense to check it .

Just click on the link while pressing CTRL , it will open in another page

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795 Vijayaraghavan October 17, 2012 at 6:32 am

Hi Manish Ji,

I got my cibil report. The score is 755. is it a decent score? Another question is i have been paying my HDFC PL properly. But the report shows DPD as 025 for the past 10 months. When i checked with the bank they said i have been repaying properly and there have never been any overdue amount logged. They are asking me to contact CIBIL. But wont they put it on bank again as it is the bank that sends the details?

Please advise me Manish Ji

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796 Manish Chauhan October 19, 2012 at 9:59 am

Yes , the change has to happen on Bank side, mostly you talked to soemone on customer care side who dont understnad how it works , HDFC will update bank on this . Also to be safe better open a dispute resolution with CIBIL too and inform that – http://www.jagoinvestor.com/2012/01/cibil-credit-report-mistakes-correction-steps.html

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797 sarabhjeet October 17, 2012 at 3:02 pm

Dear Manish Ji,

I had taken a PL from HDFC Bank, which I settled paying some amount (not full) in April-2011.. Recently i checked my CIBIL Score; for Persona Loan it is showing 755 and my Transunion Score is 755…

My question is, is that enough score to get a Car Loan or Home Loan ?

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798 Credexpert December 7, 2013 at 12:45 pm

Dear Sarabhjeet,

755 is a good credit score for a Home or Auto loan. Although credit score is considered to be one of the most important tools used by lending institutions to evaluate an individual’s credit worthiness, it would also consider other factor basis their internal credit policies.

A credit report with negative remark of “Settled” would be viewed negatively by the lending institution in spite of a good score. The only way to remove this remark is by repaying the complete outstanding amount against this credit card, provided your cash flows allow you to do so.

We would request you to make the remaining outstanding payment towards your personal loan, this will give a positive impact towards your credit score.

Regards,
Credexpert
http://www.credexpert

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799 Kiran October 17, 2012 at 10:50 pm

Dear Manish,

I had a credit card with HSBC with credit limit 25,000. I had defaulted the full amount of 25K and never paid anything since 2005 when I had used up 25K (100% of my credit limit) due to my pathetic financial condition in 2005. Otherwise I have a good record in my credit score. My CIR score as of October 2012 is 850, however, the outstanding as of now on my 25K credit limit is around 4 lacs. Currently I have a housing loan of 7 lacs and paying EMI of 7K and no other loans. The HSBC credit card history shows as written off. Now JM Financial is behind me to clear the outstanding. I know I cannot do anything regarding the written-off status. Now my immediate concern is not CIBIL score, but to stop recovery agents from knocking on my door (so far nobody has come). I cannot pay the current outstanding amount of 4 lacs. Please suggest a way to settle this account and what is the minimum I will have to pay to settle this account (I cannot afford more than 30,000). Can I get the settlement in an amicable way. Your input will be most appreciated.

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800 Manish Chauhan October 19, 2012 at 9:18 am

Kiran

I dont thikn there is a great solution here , the 25k payment has grown with all the interest and charges in a legitimate way , so legally you are bound to pay .

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801 Ash October 18, 2012 at 2:27 pm

Hi Manish,

I have got my Cibil score, it is 823. I am looking for a home loan of 50+ L. How do you see possibility with this score.

Regards

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802 Manish Chauhan October 19, 2012 at 8:57 am

the score is extremelly good . Just make sure you understand that score is just primary level . After that it depends what is your loan eligibility as per salary .

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803 A Rajasekar October 19, 2012 at 2:28 pm

Hi Manish,
I got my score thro mobile but I’m not getting the report by mail. They claimed to send the report to my email ID twice but I never got it. Even I gave them an alternative id but still didn’t get any.

I keep calling the customer care for weeks and nothing happening. how to go about this

Thanks,
A Rajasekar

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804 Manish Chauhan October 22, 2012 at 12:23 pm

there is no other alternative here, check with customer care once and ask them you want to talk to someone above them . and you are complaining to RBI on this. This might speed up things .

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805 Chetna October 20, 2012 at 12:41 pm

Manish is it possible to talk to you for some suggestion? if yes, can i have the number please

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806 Manish Chauhan October 20, 2012 at 1:12 pm

Hi Chetna

Incase its regarding a personal query, you can ask it on our forum – http://www.jagoinvestor.com/forum

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807 ZaK October 22, 2012 at 1:44 am

Hi Manish,

my Credit card got settled after the Grievances readdresal of team Barclays but status says written off, while communicating to the Grievances readdresal team after the settlement so reply i have received over the mail is ” We wish to inform you that since account was in Written Off status before settlement, we will not be able to remove the written off status even if the remaining outstanding is paid.

May we explain that once account is in written off status the same will be updated with the credit bureau as a process. Please be informed that we cannot rectify or update the status otherwise.

Manish I really need your advise in this !!

Also sharing with you that there was one article from RBI which says “Bank can not seek written off dues” kindly refer this link to read the complete article and advise… thanks Zak >> http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Key=TOIBG/2010/02/24/15/Ar01500.xml&CollName=TOI_BANGALORE_ARCHIVE_2009&DOCID=188278&Keyword=(%3Cmany%3E%3Cstem%3Ecibil)&skin=pastissues2&AppName=2&ViewMode=HTML&GZ=T

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808 Manish Chauhan October 22, 2012 at 9:43 am

Zak

I have seen cases where banks update the CIBIL with clean status after the person has paid off the rest amount (balance is NIL) , So even in your case it should happen . I suggest raise a query with CIBIL also on this and also complain to RBI and banking ombudsman on this issue

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809 Zak October 22, 2012 at 2:14 pm

Thanks Manish for the revert, also update you that I have paid 8000 of 20k and they (bank) had given me the Full and final NOC against the payment now I’m trying to contact them to remove my name from CIBIL but they are unable to help me. I have requested my CIBIL CIR which is expected in next 2-3 days (Offline). I hope you have seen the article , kindly advise next please as Barclays has stopped the operations in India as well.

Kind Regards
Zak.

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810 Manish Chauhan October 22, 2012 at 3:35 pm

The article you had put is an old one , not sure if it still applies or not . You should check with CIBIL also on the next thing you should do .

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811 Zak November 3, 2012 at 3:49 am

Hi Manish,
My CIR has been delivered and the score is 813 ! hope it’s a decent 1.
Need to understand that what is the meaning POST (WO) SETTLED under the Status of COLLATERAL.

Dates : Opened : Disbursed : 17-10-2007
Date Closed : 30-03-2010
Date of last payment : 29-12-2008
Date reported and certified : 31-07-2012

As per my report :
Written Off amount (Total) : 19069
Written Off amount (Principal) : 8689
Settlement Amount : 8000.

Can I pay rest amount to the bank can get the clear this statement ? Since this is already written off so I don’t think this status can be changed ? anyways I already raised dispute so will keep you updated. Pl give any suggestion if you have. Thank You.
Zak.

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812 Manish Chauhan November 6, 2012 at 4:47 pm

Yes, you need to pay any outstanding amount to bank !

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813 Kripa S October 22, 2012 at 10:12 am

Hi Manish,
First of all Thanks for the Article this is very usefull,
I have few important query can you please help me into this, so that i can get out of myself from messup or wrong dission,

Question- 1
I had Credit card from SBI in 2006 i used it then payed also but deu to small knowladge. after that i used some rs. 10000.00 and did not pay in the same time i joind another company in other city so the SBI is not able to contact me and i did not pay the money.

it pending till date.

my surname and sign was diffrent that time now is new from last 6 yrs.

what should i do- i want plan my invesment now in insurance or saving it will effect after if they trace me they will diduct from my saving with interest.

Question -2

Afetr that i taken personal loan in 2010 from HDFC- 2Lacs.
i regulary paid the EMI for 1 year and after of rs 7081/pm
then for 1 year late the payment for 5-6 days in every month deu to salary date.
so total approx 15 ECS payment was bounced and payed late.

then again i regulry started paying my EMI on time.
rigth now i have painding only 3 EMI + interest of 15 cheque bounced charge, late fee ect is 10000.00 approx.

Its closing time i realized this now befor few day when i pland for a piaggio vespa by finance now they are not given me the loan becouse of that.

I started recerching all kind of credit and cibil problems.
I realized i was going wrong way.
I was not aware about credit score, bad credit will effect with the littile late EMI and disorder the cheque.

Its closing time so how will i plan for final setelment, i herd from your article never do setelment. so how will i close the account now.
please help the procedure of closing or NOC. I dont know where i go.

Also please help me to improve my Credit Score for my Future.

it will be great help
Thankyou Very Much in advanced

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814 Amit October 25, 2012 at 10:02 am

Hi Manish,

i was googling out and found a sample report – http://www.mycarhelpline.com/images/easyblog_images/128/sample_cibil_report.pdf

could you suggest
– what is xxx
– what is not disclosed in member name
– what is 000

thnx

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815 Credexpert December 7, 2013 at 12:47 pm

Dear Amit,

Lending institutions report borrower’s data to the bureau on a monthly or quarterly basis. XXX means that the data has not been reported by the lending institution to the bureau in that particular month. 000 reflects the DPD (days past due) status, hence 000 reflects that you have been zero days past due for that particular month.

We believe, you are referring to the copy of the credit report that is obtained by lending institutions which is different from the credit report that an individual obtains.

Certain fields are not disclosed in the report obtained by lending institutions. You should obtain your report from the bureau on https://www.cibil.com/online/credit-score-check.do

Regards,
Credexpert
http://www.credexpert.in

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816 Pratap Maharana October 25, 2012 at 4:50 pm

Hi Manish,
i am pratap , requesting you to guide me to get my CIBIL report

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817 Manish Chauhan October 27, 2012 at 12:03 pm

What guidance you need ? All the steps are mentioned in the article itself !

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818 Ranjan October 26, 2012 at 3:56 pm

Dear user,

if one have a bad CIBIL score what should one do to make it a good score even if he dont have any credit card and loan running right now.
Please suggest.
Regards
Ranjan

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819 Manish Chauhan October 27, 2012 at 11:39 am

If you do not have a credit card or loan, then how does your cibil report and score exist ? Were you guarantor for someone ?

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820 Ranjan October 27, 2012 at 12:39 pm

Dear Manish, in past I had 3 credit cards 2 personal loan and 1 consumer loan. I have cleared all the loans and credit card dues but one credit card due is still pending as the bank never contacted me in that case. I dont know the exact balance amount that I have to pay for that particular credit card. The credit limit for that card was 25000/-. In the past I applied for a personal loan but the loan was rejected due to bad CIBIL score I suppose. Now how can I improve my CIBIL score if I had a bad score. I have all the documents related to the loans and credit card that I settled and paid fully including NOC. Please suggest.

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821 Manish Chauhan October 30, 2012 at 11:57 am

All you have to do is contact the bank and pay the full amount .

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822 NITHIN November 1, 2012 at 11:03 am

Hi Manish,

Bit confused. Which address should i give while requesting for report. Present or previous? While filling online form, its telling that address should match with the address provided at the time of taking credit?

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823 Manish Chauhan November 2, 2012 at 11:19 am

It should match with the bank records . SO if you have given old address at bank , then it might be reflecting in CIBIL , so if you have changed address, first change it in bank and then within some days it will get changed in cIBIL, and then you can apply for report with new address

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824 NITHIN November 2, 2012 at 2:05 pm

Thanks Manish for your prompt reply.

Having one more doubt. Taken credit card from 2 banks and settled the amount also long back i.e approx 5 yrs back. At present no credit card no loan. So can i give present address for report?

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825 Manish Chauhan November 2, 2012 at 2:15 pm

I dont think so , CIBIL will only send to that address which is with the bank record , this is to make sure the report does not go to wrong hands .

Manish

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826 NITHIN November 2, 2012 at 2:27 pm

With continuation of earlier sent msg- My name reflecting in bank a/c is NITIN while in all other documents like passport,pan card etc is NITHIN. So by which name i should request for report. In case authentication get fails than i have to send hard copy of documents, it would be a problem.

I approached bank also for change of name but they didn’t proceed my request.

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827 Manish Chauhan November 6, 2012 at 5:27 pm

Thats another issue then , your name has to be SAME at both places .

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828 Dhanu November 1, 2012 at 11:52 am

I had two CC earlier. due to my financial problems I could not able to do the payment. If I clear the amount now, will my credit score increase?
If yes, How much time it takes. Plz respond.

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829 Manish Chauhan November 2, 2012 at 11:17 am

Yes it will increase in 60-70 days !

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830 Gaurav November 3, 2012 at 11:30 am

I have asked for my CIBIL score in month of August 2012 and got that by Post. After that I have taken a personal loan and also settle a small credit card due.
How can i know my latest score now? Do I need to apply again for CIBIL score and pay again?

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831 Manish Chauhan November 6, 2012 at 4:46 pm

Yes ,now you can pay online

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832 Himanshu November 7, 2012 at 12:11 am

Hi Manish,

I am a permanent employee of PSU.

I have queries.
1) Will CIBIL rating affect by my credit score enquiry?
2) I applied home loan and got rejected due to cheque bounce. Will it be shown in my CIBIL report of Cheque bounce and hamper me to get home loan from other major lender?
3)I had education loan which i paid in 4 months three years back and then I took 2W loan which i paid in 1 year. Then i took 4W loan which i cleared in next 17months. Now, I have applied for Home loan and applied in HDFC first which got rejected due to above reason mentioned in (3). Can this good Credit Record improve the chance of getting the home loan over Credit Inquiries from HDFC again or any other major lender. Please reply fast.

Regards

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833 Manish Chauhan November 12, 2012 at 9:20 am

No , your enquiry for credit report will not affect your score. Cheque bounce is an issue, but depends on the quantum .

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834 rajeshmanepalli November 7, 2012 at 1:04 pm

Before applying for my CIBIL report, Can you confirm these.
If any of the bank given a negative rating in CIBIL without having any evidence
Can I file a case against them?
I applied for SBI and HDFC creditcards, but in the verfication call itself I said I am not interested. but they dispatched the cards before the the verfication call.
So I called them and told them to block the card without using a single transanction with the card(both the banks)
They given wrong statements while applying the creditcards and when I asked the same in verfication call, they did not confirm the same and dispatched the cards.
I have a mail proofs also and can I ask them the recordings of the calls?

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835 Manish Chauhan November 12, 2012 at 9:00 am

Yes you can sue them and you should .

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836 Thomson November 9, 2012 at 10:19 am

Is it true that everytime we request for credit score from CIBIL, our rating goes down by a few points? I heard this from someone but I am not sure if this is true.

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837 Manish Chauhan November 12, 2012 at 8:25 am

Its not true ! .. I think you got confused with “enquiring for Credit” ! .. When you enquire for Loan or credit from banks , that goes into credit report and that might affect your score if done excessively !

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838 Shreesh November 12, 2012 at 12:39 pm

My score is bad as I have done settlement of the few cards ( Thanks to recession). Now my score is very poor, how can I improve on …

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839 Manish Chauhan November 15, 2012 at 7:55 pm

All you can do is pay them off back , no short cut here !

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840 M Upender Joshi November 13, 2012 at 12:33 pm

Dear Manish,
I had applied to CIBIL on 15-03-2012 for my CIBIL Score. The payment is also acknowledged by them. I was asked to submit my id and address proof but due to my heavy official work could not submit the same. Now I came to know that the CI BIL score can be obtained online. Could u clarify whether the payment made earlier stands good as on date or do I need to pay again to get the same?
Joshi

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841 Manish Chauhan November 15, 2012 at 7:43 pm

You need to pay that everytime you want a report !

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842 Thomson November 13, 2012 at 9:00 pm

Dear Manish,
Thank you for your prompt response to my previous query. I really appreciate it. I have one more question. I have never been a defaulter; thank God for it! In the previous month, I used my credit card a little more and I was not in a position to pay the outstanding amount completely. I have made 50% of the payment and I will make the remaining 50% of the payment during the next cycle. Does this affect my credit score? It would be nice if you could please let me know. Thank you.

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843 Manish Chauhan November 15, 2012 at 7:36 pm

Yes, this will go into your credit report , but this is a minor thing and a one time issue, should not be a very big impact thing ! , clear it off next month and try it does not happen again . Not much to worry !

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844 Alok November 14, 2012 at 2:47 pm

Hello Manish,

Thanks for all your help through this blog in getting the cibil report. I have been reading all the responses so far and got lot of valuable notes.
My cibil score was 650. I worked with banks and got two cards closed which increased by score to 670. But as said mistakes are mistakes cannot be cleared from Cibil. I was struggling to get the score increased by any means but this is not possible. After lot of research i thought of this..

For everyone who are trying to increase the score: You need to get an instant credit card which is on a FD and start using this card. Once you pay your outstanding on the desired date and keep doing this. After few months your score will increase. I have been using this credit card from last few months and got the report now, my score has been increased by 10. I am short of few more points to get to 700.

I have a small problem with one of the credit cards. Bank has given be 10000 has to be paid to nullify my credit card. Meanwhile i spoke to Debt doctor which is one of the institute which helps you in closing such credit cards. Problem is that they have asked me to pay 30000. Now i am not sure what the actual amount is?

How do i go about this.

Kindly advice.

Alok…

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845 Manish Chauhan November 15, 2012 at 7:31 pm

Who has asked you to pay 30,000 ? debt doctor ?

What you are doing is right direction !

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846 Alok November 16, 2012 at 10:02 am

Hi Manish,

Yes the Debt doctor has asked me to pay this amount, Bank people are not ready to tell the outstanding amount on my card.
Bank has been dragging this for a long time, every time i call them and ask for this they push me to call some other department and this moves on. I am unable to get any more details on this.

I have decided to write an email to the bank including the top management where my concerns will be handled in a better way.

Regards
Alok

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847 Manish Chauhan November 20, 2012 at 5:14 pm

Also Debt Doctor has asked to pay this amount to them or to the bank . Is 30k your outstanding amount ?

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848 sivakumar November 22, 2012 at 11:51 am

CIBIL report is now sent immediatly if the online authorization is successful. I got in less than a minute. The message is also now changed to “Your report has been sent” instead “You report will be sent in X working days” up on successfull payment. Atleast CIBIL has improved in this front.

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849 Manish Chauhan November 25, 2012 at 11:27 am

Good to know that SivaKumar !

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850 Makarand Mohandas November 26, 2012 at 11:07 pm

My score was obtained in 10 mins.
I have a CIBIL score of 812 and guess what. my home loan has been rejected 4 times in the last Jan 2010. 2 times by HDFC, 1 time by CITI and 1 more time by Tatacapital. 2 loans settled so far. A 2 wheeler loan which was settled by waiving on Rs 1200 in Dec 2006 and a 4 wheeler loan which was settled by waiving off Rs 12000 in May 2008. Had I known this Rs 13000 would have cost me so much…..
I had later got a 4 wheeler loan from a Co-op bank for 4 Lacs in May 2009 which I have paid off completely. I had taken a personal loan of 1 Lac in May 2008 which I have paid off completely. couple of consumer loans (for washing machine and LED TV) worth 1 L which I have paid off completely. I enjoy 2 credit cards with limits of 5+ lacs credit limit. But lending insitutions love my older track record.
What can I say. home loan which is the most securitized loan one can get. Bank can confiscate my home in case of default but no…. my settled history haunts me and dont seem to find a way out. Is there any light at the end of the dark tunnel.

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851 Manish Chauhan November 30, 2012 at 1:45 pm

Does not matter if you have a high score, your report should be clean ,thats the main thing .

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852 Nilab Deka November 27, 2012 at 8:45 pm

Hi Manish,
Few days back i applied for a PL in HDFC, but today the banker told me that the file got rejected as one of my EMI towards purchase of a handset which was bought from a shop got bounced due to insufficient fund. But the other day i paid it off along with thier bank charges. The shopkeeper actually sells home appliances and other gadgets in finance. But i have repaid it and cleared the installments. but just because it bounced once, i think the record got bad. Kindly advice as what to do. My loan application got stuck now.

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853 Manish Chauhan November 30, 2012 at 12:29 pm

Yes , it would get stuck because its not a small incident from bank angle , giving a UNSECURED LOAN to someone who once bounced his previous loan is a DANGER ZONE :) . Note that from your angle you paid it next day , and you might feel ,come on that not a big issue , but put yourself in the shoes of the lender and imagine the kind of feelings they will have and you will understand what I am saying :) . All you can do now is to apply for a loan at some other lender or try to convince the current lender :)

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854 Rajesh November 28, 2012 at 12:39 pm

My application for credit card was rejected by SCB and they were citing “CIBIL/Credit bureau history-does not meet bank credit norms” as the reason. After lot of calls and persuasions , they shared with me a copy of the credit Report.(For those of you who are not aware of this, Please understand that as per RBI Regulations , a customer is entitled to get a copy of the credit report from the credit institution ). They explained me that one of the loan accounts mentioned in the report, is shown as “Restructured(RST)”. Actually that was a wrong info as I had never any default/settlement/problems with any of my loans. Then I contacted CIBIL customer care and they are telling, now my loan account is not showing as “Restructured(RST)” but it was there when SCB had obtained the report.

SCB is telling they can look at reopening my case if I get them a new report from CIBIlL. But CIBIL is asking me to pay for it. They are not ready to give a corrected report free of cost.
Am I legally entitled to get a report free of cost? Why should I unnecessarily pay for something which is not my fault?

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855 Manish Chauhan November 30, 2012 at 12:20 pm

Rajesh

Not that CIBIL has no relation with Bank in that way , I mean if you want a report from CIBIL, then you need to pay them , They are under no obligation to provide it to you free of cost, regarding your matter with bank , its totally between you and them now , you can wait and reapply with bank for loan after X number of months defined by them when they will again access your report .

I would say rather than getting stopped by Rs 470 , better go ahead with the main task !

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856 nilab deka November 28, 2012 at 1:36 pm

Dear manish,
i applied for a PL in HDFC bank which was rejected as the CIBIL report says that external two wheeler loan bounce, but not a single time a cheque was bounced. i have repaid the loan and i have received the NOC from BAJAJ auto finance as well. KIndly advice as what to do to get the PL sanctioned.

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857 Manish Chauhan November 30, 2012 at 12:17 pm

I am sure there is some confusion , either there is a cheque bounce and you are nto aware about it or bank has some wrong entry on their side which they have updated with CIBIL ! , check with Bajaj auto on this !

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858 ponbhaskaran November 28, 2012 at 3:14 pm

BANK – STANDARD CHARTERED BANK
PLOT LOAN A/C NO. 41227395
SANCTIONED DATE 31/03/2003
SANCTIONED AMOUNT Rs. 24,75,000.
LOAN CLOSED DATE 02/11/2012.

When I happened to see my CIBIL Report 4 months back, in the status column, it is mentioned ” Suit filed” Now I have closed this plot loan and received back my secured documents. please advice me what i have to do to delete the suit filed word from CIBIL which will help me to increase my score. if you want proof for this loan closure, can I mail the same for your proceeds.

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859 Manish Chauhan November 30, 2012 at 12:12 pm

Did you close this loan and didnt take a LOAN CLOSURE NOC ? Take it from the bank !

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860 PON BHASKARAN December 4, 2012 at 1:35 pm

I have received loan closure NOC and also got back original Documents please advice me what i have to do to delete the suit filed word from CIBIL which will help me to increase my score.

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861 Manish Chauhan December 5, 2012 at 12:13 am

If you have the NOC of the full debt paid, then first ask bank how they are reporting your status as NOT CLEARED

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862 Punit November 30, 2012 at 11:41 pm

i would like to above how many points is a good score

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863 Manish Chauhan December 11, 2012 at 4:56 pm

Atleast 700 is good in general

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864 pranav December 2, 2012 at 10:35 pm

hello

My authentication step was unsuccessful. Will i be able to get my report in my email account? i have uploaded the KYC documents.

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865 Manish Chauhan December 11, 2012 at 4:47 pm

Yes , they should be able to send it , talk to customer care on this

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866 manish December 3, 2012 at 4:29 pm

Hi Manish,

What about NRI’s..Do they get a score and what address proof would be required

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867 Manish Chauhan December 11, 2012 at 4:39 pm

Manish

Note that you dont need to submit anything when you apply online, when when the online verification fails , then you need to send your address proof . You need to choose the credentials you had last ! to do the verification !

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868 Mayur December 7, 2012 at 3:00 pm

I had a Citibank Credit card which I unfortunately misplaced and had to cancel it. Since I did not have any details regarding my credit card , they could not send me the E-statement and hence i could not pay the amount of 2700. This was in 2010, July.

Since then I have checked my CIBIL score in Nov 2011 . It was 816. I checked it again in Dec 2012 . it was 808. The Current Amount for the credit card is showing as 5016, but there is not Written off or any other details. Only Outstanding amount and Current amount can be seen. Also Actual payment amount shows 15,000 ( I dont know what this is ). There are no DPD’s or any other bad remarks on my report.

What I want to know , is Will Citibank mark Written off for my credit card ? How long does a bank take to put Written off into the CIBIL report?

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869 Credexpert December 7, 2013 at 12:49 pm

Dear Mayur,

We assume that the bank is informed about the misplacement of the said credit card.

If yes, then the outstanding amount should have been repaid completely before closing the same. If not, then inform the bank about the same and repay the complete outstanding amount against it.

The outstanding balance if not paid can balloon into high dues and result in a debt trap for you. Also there are possibilities that the bank might write off the amount on account of non recovery from you.

Regards,
Credexpert

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870 Ravi December 7, 2012 at 3:23 pm

Hi Manish

In past years 2001-2004 i have used 4-5 Credits cards back to back, initially payments were done in time, later on after 2004 till 2009 , i have make settlements for all the cards. During 2001-2004 i had a personal loan which was cleared on time every month. Now in the month of dec 2010 i have purchased a car on my mothers name and i am the Co-owner , every month EMi is being deduted from my account itself.

If i go for a Home loan in future, what will be impacts of CBIL report

Ravi

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871 Manish Chauhan December 11, 2012 at 3:28 pm

At that time, if you credit report is clean and your score is good enough , then you can get the loan , your timely payments on your car loan will help . But the settlements done on the card earlier in life will always be there. I think that will act as negative thing !

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872 Ajit JAdhav December 8, 2012 at 2:59 am

Hi,

I had applied for a loan on home appliance and a two wheeler , my to wheeler EMI goes on time since last 6 months . now for thehome appliance loan i missed my first EMI, how much do you think it will affcet my score.? and how can i improve it back ? Please suggest

Ajit.

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873 Ajit JAdhav December 8, 2012 at 2:59 am

Hi,

I had applied for a loan on home appliance and a two wheeler , my two wheeler EMI going on time since last 6 months . now for the home appliance loan i missed my first EMI, how much do you think it will affcet my score.? and how can i improve it back ? Please suggest

Ajit.

Reply

874 Manish Chauhan December 11, 2012 at 3:20 pm