Recently we spoke about CIBIL score in "General Trading Chat" thread. I think we should have a separate thread for it.
I just saw a program on Awaaz "Pehredaar". There was a complaint about CIBIL score there.
A citizen from Haryana had no credit card, no bank loans, no credit history. Then he needed a bank loan for his daughter's marriage. He applied to his bank, SBI, for a loan. The loan was rejected because of his CIBIL score. They said that he had HDFC credit card and had not paid his dues there. The fellow protested that he had no credit card at all, but the loan was refused.
He approached HDFC bank and got the usual runaround about it.
Then he contacted CNBC Awaaz's Pehredaar program and put forth his complaint. Pehredaar approached HDFC with this complaint and the bank said that there was a "data mismatch" because of which the citizen's name showed a wrong entry for credit card dues. HDFC said that they were taking care of the problem.
-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x
So, it seems that I did a right thing by checking my CIBIL score just for the heck of it. Maybe everyone should do it from time to time, because the banks are prone to "technical glitches" which can put a liability on your head for no reason or fault of yours.
I just saw a program on Awaaz "Pehredaar". There was a complaint about CIBIL score there.
A citizen from Haryana had no credit card, no bank loans, no credit history. Then he needed a bank loan for his daughter's marriage. He applied to his bank, SBI, for a loan. The loan was rejected because of his CIBIL score. They said that he had HDFC credit card and had not paid his dues there. The fellow protested that he had no credit card at all, but the loan was refused.
He approached HDFC bank and got the usual runaround about it.
Then he contacted CNBC Awaaz's Pehredaar program and put forth his complaint. Pehredaar approached HDFC with this complaint and the bank said that there was a "data mismatch" because of which the citizen's name showed a wrong entry for credit card dues. HDFC said that they were taking care of the problem.
-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x-x
So, it seems that I did a right thing by checking my CIBIL score just for the heck of it. Maybe everyone should do it from time to time, because the banks are prone to "technical glitches" which can put a liability on your head for no reason or fault of yours.