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How to Remove Disputes from Your Cibil Report?

How to Remove Disputes from Your Cibil Report?

It could be quite shocking if your loan or credit card application is rejected due to your poor credit score even if you had maintained a good track record of credit behaviour. 

How to Remove Disputes from Your Cibil Report?

It could be quite shocking if your loan or credit card application is rejected due to your poor credit score even if you had maintained a good track record of credit behaviour. Your credit activities are reported by your lenders to the credit bureaus. It is sometimes possible that your credit report can contain errors as human work is involved in updating the credit report.

For example, your name or address might be misspelled, your credit limit misreported, or the status of a loan account which is closed might not have been properly updated. Sometimes, such mistakes might also signify ID theft and fraudulent activity. Getting these errors rectified can have an immediate positive impact on your credit score.

Steps to Remove Disputes from Your Credit Report

If you find any errors in your credit report, it is very important to file a dispute immediately and get it corrected. Errors can be committed either by you while giving information, or by your lender while updating your credit behaviour and account information, or by the credit bureau. However, these can be easily corrected and updated.

You can file a dispute on the official websites of the credit bureaus in the following easy steps:

Step 1: Download the Dispute Resolution Form and clearly state your query in the space provided. Be as accurate as possible, as this will help with faster processing.

Step 2: Once you have filled in the form, you need to attach a valid, self-attested copy of Identity Proof (voter ID card / driver’s license / passport / PAN card – any one) and Address Proof (Copy of electricity bill / landline telephone or mobile bill / credit card / savings / current account / other bank account statement / gas utility bill / ration card – copy of any one)

Step 3: You need to send the form along with the self-attested documents through courier, regular post or speed post to the address mentioned on the official website of the credit bureaus.

Guidelines for sending the dispute form and supporting documents:

·          Keep in mind the all photo copies should be properly self-attested.

·         Make sure that ID card numbers and photographs are clear and visible.

·         If you are sending any utility bills as way of address proof, then it should be within three months from the current date.

·         Make sure that you are sending in copies of valid ID proof documents at the time of sending the dispute form.

·         The name and address on the ID proofs should be of the requestor and there should be no mismatch

·         The address should be clear and visible

Typically, it takes up to 30-45 days for the error to be corrected. The credit bureaus cannot make any changes on its own and will update the status only after it gets the requisite authorization from the lender concerned.

It is very important to follow up to check that the errors have been rectified and the correct status is reflected in your credit report.

 

 

  • How to Remove Disputes from Your Cibil Report?

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