When it comes to applying for a loan or a credit card, your CIBIL score is among the most important factorsaffecting the application. If your credit score is strong, you may get the loan approval at a reasonable rate.
But, what if you have paid your bills on time, check CIBIL score, and still found to have a poor score?Therecould be errors in your credit report leading to CIBIL disputes.
But, you have nothing to worry! It is because you can get out of your CIBIL dispute by going ahead with
CIBIL report correction. Read on to know how?
CIBIL report correction initiation steps
The first step is to land on the official CIBIL website – cibil.com.
The next step is to navigate to the credit reports section and dispute centre and hit ‘Dispute an Item’.
You will now need to fill the online CIBIL dispute form by selecting the relevant section you want to dispute.
If the dispute is about ownership or duplicate entries, you should choose the dispute type.
If it is about data errors, you need to enter a figure for the disputed field.
Once done, you will need to submit the CIBIL dispute online correction form.
After you submit the online CIBIL dispute correction form, CIBIL may take about 30 days to respond to your claims. If the issues are complex, it may take longer for the authority to swing into action. It is also possible to check CIBIL dispute status online and know about the progress of the claim.
After the updation in the credit report is made, it will reflect in your CIBIL score as it will improve. In turn, it may help you get the loan approval faster and at an affordable rate.
Bajaj Finserv comes with pre-approved offers on personal loans, home loans, business loans and more. It is
to ease off the processing of the loan.
You can check your pre-approved loan offers today by sharing your basic details such as your name and mobile number.
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