Can I dispute the CIBIL status after payment?

Answer

A:

Yes, you can dispute your CIBIL (Credit Information Bureau India Limited) credit report or status even after you have made a payment. Here’s how it works:

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1. Why You Might Dispute Your CIBIL Status After Payment

• Incorrect Reporting: Sometimes, payments you made might not be reflected correctly in your credit report.

• Delayed Updates: Lenders may delay updating your repayment status with CIBIL.

• Errors or Omissions: Your account may still show as “delinquent,” “default,” or “non-payment” even after clearing dues.

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2. How to Dispute a CIBIL Status

• Check Your Credit Report: Obtain a recent copy of your CIBIL report and carefully review the entries.

• Identify Errors: Highlight any incorrect or outdated information related to your payments or loan status.

• Raise a Dispute:

  • Visit the official CIBIL website.

  • Use their dispute resolution process to file a complaint or dispute about the specific error.

  • Provide supporting documents like payment receipts or bank statements as proof.

• Lender Communication: CIBIL will communicate with the concerned lender to verify your claim.

• Resolution Timeline: The dispute is typically resolved within 30 days of filing.

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3. What Happens After Dispute Resolution

• If the lender confirms your payment and the error, CIBIL will update your credit report accordingly.

• If the lender denies the claim, the status may remain unchanged, but you can escalate the issue or seek legal advice.

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4. How Legal365 Can Assist You

• Credit Report Analysis: Help you review your CIBIL report for errors.

• Dispute Filing Support: Assist in preparing and submitting a formal dispute with proper documentation.

• Lender Follow-Up: Coordinate communication with lenders for quicker resolution.

• Legal Guidance: Provide advice if disputes remain unresolved or if you face unfair credit reporting.

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Need Professional Help?

 Visit: www.legals365.com
 Call: +91 9625961599

Advocate B.K. Singh and the Legal365 team are ready to support you in correcting your credit report and protecting your financial reputation.

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