Regarding Cibil report
srihari
(Querist) 31 December 2010
This query is : Resolved
Sir,
Recently I was told by my banker SBI that following CIBIL report that my past credit record is not good due to credit dues being written off, I will not be eligible for any more loans. Actually I had standard chartered credit card in 1998 and in view of exorbitant compounding of interest following representation the existing balance then was written off which was only few thousands then but now to my shock it says the overdue balance is 43 lakhs ,in the report as on today which is unimaginable.It also says the credit limit given to me then was again around 43 lakhs. I think this is an erronious report and i intend to file a suit and also to write to the bank. please let me know how can they hike the overdue balance so much which is not true though I have closed the account after paying few thousand which was the actual overdue balance then.
Dr Hari
malipeddi jaggarao
(Expert) 01 January 2011
You file an application under RTI Act with SBI seeking the details of your credit card account and the amount written-off in that account. Also call for a copy of default report sent to CIBIL by SBI. Simultaneously you call for the copy of SBI report to CIBIL with full details indicating you as defaulter. After gathering all the information, you can seek legal remedy. For seeking legal remedy follow the advice of other experts.
s.subramanian
(Expert) 01 January 2011
You can approach the Banking Ombudsman. If things don't work there,you can complain to the consumer court in this regard.
Advocate. Arunagiri
(Expert) 02 January 2011
First issue a legal notice to them. Based on their reply, proceed for further legal actions.
srihari
(Querist) 05 January 2011
Dear Sir's
Thankyou for all your advises and I will proceed further as advised by you all.Certainly these advises will help me a lot.
Thankyou all of you once again
Dr Hari
