How to Correct Errors in CIBIL Report?

Obtain Your Credit Report

• Request Report: Obtain a copy of your CIBIL report from the CIBIL website or through other credit bureaus.
• Review Thoroughly: Carefully review each section of your credit report to identify any inaccuracies or discrepancies.

Identify Errors

• Incorrect Personal Information: Check for errors in personal details such as name, address, PAN, and date of birth.
• Incorrect Account Information: Look for errors in account details, such as loan amounts, payment history, and account status.
• Unauthorized Accounts: Identify any accounts that you did not open or authorize.

Gather Supporting Documents

• Proof of Identity: Provide documents such as PAN card, Aadhaar card, or passport to verify your identity.
• Proof of Address: Submit documents like utility bills, rental agreements, or bank statements to verify your address.
• Loan Documents: Gather loan agreements, payment receipts, or other relevant documents to support your claims.

Dispute Errors with CIBIL

• Online Dispute Resolution: Use the CIBIL website to raise a dispute for incorrect information.
• Provide Documentation: Upload supporting documents along with your dispute to substantiate your claims.
• Monitor Status: Keep track of the status of your dispute through the CIBIL portal.

Follow Up

• Stay Persistent: Follow up with CIBIL & Reporting bank if there is no resolution within the stipulated timeframe.
• Escalate if Necessary: If the dispute is not resolved satisfactorily, escalate the matter to higher authorities within CIBIL and also with Reporting bank.

Monitor Your Credit Report

• Regular Monitoring: Continuously monitor your credit report for any new inaccuracies or discrepancies.
• Stay Informed: Be aware of your rights under the Credit Information Companies (Regulation) Act, 2005, and the process for disputing errors.