Can CIBIL modify information in this database or not ?

POSTED BY vijaykumar ON December 22, 2013 5:35 pm COMMENTS (2)

Respected Sir,

thanks for your reply,i already report to cibil,cibil says “cibil cannot modify any information in the database without confirmation from the relevant credit institutions.”

please reply sir,

Regards,

Vijay.v

2 replies on this article “Can CIBIL modify information in this database or not ?”

  1. Credexpert says:
    December 26, 2013 at 10:54 am

    Dear Mr.Kumar,

    All the data stored and maintained by CIBIL is reported by lending institutions to it on a periodical basis. CIBIL plays the role of a depository system and hence cannot modify any information unless authorised and confirmed by the respective lending institution.

    To correct any erroneous data appearing on you credit report, you would have to first raise a dispute with CIBIL on https://www.cibil.com/consumer-dispute-resolution. The bureau would then coordinate with the respective lending institution and update its database based on the corrected information reported by the lending institution on a monthly cycle. Depending on the error, the bureau could also ask you to directly contact the lending institution.

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

    Reply
  2. ashalanshu says:
    December 23, 2013 at 1:55 am

    Dear Vijay, if there is any wrong entry in your report, please file a dispute with CIBIL. On your behalf, CIBIL ‘ll contact the institution ‘ll update the report based upon the clarification given by the institution.

    thanks

    Ashal

    Reply

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