Remedy against mistake made by cibil/bank

swathi (Querist) 26 December 2013 This query is : Resolved
hi friends,
my uncle has applied for home lone.the bank rejected his loan as per credit report by cibil. He took 2 loans from the bank which were paid off before the due date but in the credit report it is still showing the credit which has to be paid.
please tell me the remedies against mistake made by cibil & bank so that i can guide my uncle and help him to get home loan.
thanks®ards
swathi

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V R SHROFF (Expert) 26 December 2013
Issue notices top concerned bank to show correct picture. No credit

Rajendra K Goyal (Expert) 26 December 2013
Take the clearance from the concerned Banks and write to the CIBIL. Also take up the matter through concerned Banks to get the matter settled with the CIBIL.

If your Bank agrees, you may submit the copy of clearance to this Bank and get the loan sanctioned.

Devajyoti Barman (Expert) 26 December 2013
agree with experts.

ajay sethi (Expert) 26 December 2013
well advised by experts

Guest (Expert) 26 December 2013
Issue a Legal notice to the Chairman of the Bank for falsely including in CIBIL's Defaulter list.Things would act fast

swathi (Querist) 27 December 2013
thank you so much for all your valuable replys. my uncles lawyer sent a legal notice to CIBIL and the concerned bank authorities.

Guest (Expert) 27 December 2013
Notice to CIBIL has no relevance, as CIBIL generates its credit rating based only on the default reporting made by the banks or feedback given by the debtor about his loans credit cards, who seeks the credit report. Your uncle or his lawyer can hold only the bank guilty and not the CIBIL.