CIBIL DEFAULTER LIST PDF

What is Defaulter or Negative List? Get answers to commonly asked questions related to the credit score and credit reports There is nothing called a Defaulter List or Negative List. Banks and credit institutions report repayment performance on loans and credit card dues to the Credit Information Companies. Such data will include both prompt payments made and defaulted payments made.

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What is Defaulter or Negative List? Get answers to commonly asked questions related to the credit score and credit reports There is nothing called a Defaulter List or Negative List. Banks and credit institutions report repayment performance on loans and credit card dues to the Credit Information Companies. Such data will include both prompt payments made and defaulted payments made.

Anyone who has ever taken a loan or a credit card gets reported to the credit bureau and whether they have made timely repayments. Most people at point of time would have faced the problem of being denied a loan or a credit card on grounds of not being eligible due to a bad credit history. When you approach a bank or a NBFC for a loan, they first collect your credit information report to understand your credit history and judge your credit worthiness.

How do I know my name is in the defaulters list? CIR is a factual report which gives an idea about your credit history of the borrower which is compiled from the information from the different credit lenders. What if my name is still in the defaulters list? During this period no lender will come forward to give you credit. After 7 years you must start from the scratch and rebuild your credit score by paying your loans and credit card bills on time.

A few simple steps to improve your credit score are: Never spend more than you earn: If your expenditure is more than your income, it might put you in debt, which eventually leads to low credit score.

This is one basic step for a better financial security. This will get you into trouble and permanently effect your credit score. Save for future: Make sure you have enough savings in your bank account, which can help you reduce your financial burden by paying debts and bills.

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What is Defaulter or Negative List?

If your application has been rejected for a loan or credit card, it is probably because you might have a low credit score which is caused by your poor record of repayments. Banks and other financial institutions do not want to give credit to customers who have a history of missed or late repayments. You can follow the below mentioned pointers to maintain and increase your credit score: Examination of Your Credit Report : Make a careful examination of your credit history, this will help you understand your mistakes and will also ensure that your details in the report are flawless and correct. Clear Off Your Dues : The best way to improve your credit report, is to clear off your all outstanding credit. In case you have any financial limitation, you should speak with your lenders in advance and make sure you have a way out. Once your bills are cleared, wait for 3 months and again check your credit report.

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How to Remove Name from CIBIL Defaulter List

Best investment policies at lowest premiums. Top performing investment plans, better than mutual funds Plans with zero commissions and lowest charges in the market. Rather, credit companies maintain data pertaining to your repayment performance on credit of all sorts. Any individual who has ever been on the credit line gets a report automated in the credit bureau together with information on the repayment timings.

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