Products
Go Back to Main blog page
Things That Can Go Wrong With Your CIBIL Report
2
min read
31 views
3196 Likes
Credit Information Bureau India Limited CIBIL is one of the foremost credit information companies in India. The role of the CIBIL is to collect and maintain payment records of both individuals and commercial entities pertaining to loans and credit cards.
If you apply for a loan today, the common conception is that getting a loan is a difficult and tedious task. Moreover, understanding the reason your loan application has been rejected can be quite complicated. A good CIBIL score can go a long way in obtaining a loan with stringent bank requirements.
That is why it is imperative to make sure that you get your CIBIL report right. Here is a list of common errors which you can learn about and lookout for in your own CIBIL report:
Confusion of names
There can be lakhs of names that are similar in the CIBIL database. Things can go haywire if a person with your name has defaulted and all his defaults get recorded in your file.
- Eg: In one report, the name Anju was confused with Anjum. However, it was later discovered that Anjum was deceased with no one to identify her. The corrective procedure was started only started after CIBIL examined Anju credit report. Till that point in time, the bank had put down her bouncing cheques, as default payments, issuing warnings etc. on deaf ears.
Identity Theft
This is the most serious of all causes of errors and can have a disastrous impact on a person credit profile. In recent times, identity thefts are on the rise. Right from a petty shopkeeper who swipes your card several times to sneak in an unofficial payment or track credit card details, which he can exploit, to a terrorist who wants to access a billionaire account in a remote corner of the world, identity theft is becoming a serious crime that needs a check.
- Eg: Take Anuj case, an impostor had somehow captured his Pan Card details and opened an account with a bank entering all the details he had gathered on him by accessing his mailbox. Anuj did not know for a long time about this. It was only when he decided to apply for a new credit card and his bank rejected him for being a defaulter. To clear his name as a defaulter Anuj has to go through a long drawn out process that takes up a lot of his time.
It is essential for CIBIL to allow access to an individual credit report not only in cases when the fact needs to be verified but also as a way for individuals to keep a tab on their money inflow and outflow. This will help them weed out errors, clarify facts and even identify impersonations before it too late.
Tags
Latest Blogs
Non Housing Loans and More
62 views
|
0 Likes
Non Housing Loans and More
62 views
|
0 Likes
Non Housing Loans and More
62 views
|
0 Likes
Non Housing Loans and More
62 views
|
0 Likes
Non Housing Loans and More
62 views
|
0 Likes
Non Housing Loans and More
Get a Home Improvement Loan in 4 Easy Steps!
Read More
IIFL Home Loans | Jul 12 12:47 PM
15 views
|
0 Likes
Non Housing Loans and More
Get a Home Improvement Loan in 4 Easy Steps!
Read More
IIFL Home Loans | Jul 12 12:47 PM
15 views
|
0 Likes
Non Housing Loans and More
Get a Home Improvement Loan in 4 Easy Steps!
Read More
IIFL Home Loans | Jul 12 12:47 PM
15 views
|
0 Likes
Non Housing Loans and More
Get a Home Improvement Loan in 4 Easy Steps!
Read More
IIFL Home Loans | Jul 12 12:47 PM
15 views
|
0 Likes
Non Housing Loans and More
Get a Home Improvement Loan in 4 Easy Steps!
Read More
IIFL Home Loans | Jul 12 12:47 PM
15 views
|
0 Likes
Non Housing Loans and More
Save More With Tax Benefits of Home Renovation Loan
Read More
IIFL Home Loans | Jul 12 11:09 AM
21 views
|
0 Likes
Non Housing Loans and More
Save More With Tax Benefits of Home Renovation Loan
Read More
IIFL Home Loans | Jul 12 11:09 AM
21 views
|
0 Likes
Non Housing Loans and More
Save More With Tax Benefits of Home Renovation Loan
Read More
IIFL Home Loans | Jul 12 11:09 AM
21 views
|
0 Likes
Non Housing Loans and More
Save More With Tax Benefits of Home Renovation Loan
Read More
IIFL Home Loans | Jul 12 11:09 AM
21 views
|
0 Likes
Non Housing Loans and More
Smart Borrowing: Taking a Loan Against Property for Affordable Financing
Read More
IIFL Home Loans | Jun 02 7:21 AM
41 views
|
0 Likes
Non Housing Loans and More
Smart Borrowing: Taking a Loan Against Property for Affordable Financing
Read More
IIFL Home Loans | Jun 02 7:21 AM
41 views
|
0 Likes
Non Housing Loans and More
Smart Borrowing: Taking a Loan Against Property for Affordable Financing
Read More
IIFL Home Loans | Jun 02 7:21 AM
41 views
|
0 Likes
Non Housing Loans and More
Smart Borrowing: Taking a Loan Against Property for Affordable Financing
Read More
IIFL Home Loans | Jun 02 7:21 AM
41 views
|
0 Likes
Non Housing Loans and More
Smart Borrowing: Taking a Loan Against Property for Affordable Financing
Read More
IIFL Home Loans | Jun 02 7:21 AM
41 views
|
0 Likes
Non Housing Loans and More
Smart Borrowing: Taking a Loan Against Property for Affordable Financing
Read More
IIFL Home Loans | Jun 02 7:21 AM
41 views
|
0 Likes
Non Housing Loans and More
A Comprehensive Guide to Using a Loan Against Property EMI Calculator
Read More
IIFL Home Loans | Jun 02 7:21 AM
61 views
|
0 Likes
Non Housing Loans and More
A Comprehensive Guide to Using a Loan Against Property EMI Calculator
Read More
IIFL Home Loans | Jun 02 7:21 AM
61 views
|
0 Likes
Non Housing Loans and More
A Comprehensive Guide to Using a Loan Against Property EMI Calculator
Read More
IIFL Home Loans | Jun 02 7:21 AM
61 views
|
0 Likes
Non Housing Loans and More
A Comprehensive Guide to Using a Loan Against Property EMI Calculator
Read More
IIFL Home Loans | Jun 02 7:21 AM
61 views
|
0 Likes
Non Housing Loans and More
A Step-by-Step Guide to the Loan Against Property Process
Read More
IIFL Home Loans | Jun 02 7:21 AM
44 views
|
0 Likes
Non Housing Loans and More
A Step-by-Step Guide to the Loan Against Property Process
Read More
IIFL Home Loans | Jun 02 7:21 AM
44 views
|
0 Likes
Non Housing Loans and More
A Step-by-Step Guide to the Loan Against Property Process
Read More
IIFL Home Loans | Jun 02 7:21 AM
44 views
|
0 Likes
Non Housing Loans and More
A Step-by-Step Guide to the Loan Against Property Process
Read More
IIFL Home Loans | Jun 02 7:21 AM
44 views
|
0 Likes
Non Housing Loans and More
A Step-by-Step Guide to the Loan Against Property Process
Read More
IIFL Home Loans | Jun 02 7:21 AM
44 views
|
0 Likes
Non Housing Loans and More
A Step-by-Step Guide to the Loan Against Property Process
Read More
IIFL Home Loans | Jun 02 7:21 AM
44 views
|
0 Likes
Non Housing Loans and More
Invest in Your Home’s Future: Upgrade Today with a Specialized Renovation Loan
Read More
IIFL Home Loans | May 19 6:42 AM
46 views
|
0 Likes
Non Housing Loans and More
Invest in Your Home’s Future: Upgrade Today with a Specialized Renovation Loan
Read More
IIFL Home Loans | May 19 6:42 AM
46 views
|
0 Likes
Non Housing Loans and More
Invest in Your Home’s Future: Upgrade Today with a Specialized Renovation Loan
Read More
IIFL Home Loans | May 19 6:42 AM
46 views
|
0 Likes
Non Housing Loans and More
Invest in Your Home’s Future: Upgrade Today with a Specialized Renovation Loan
Read More
IIFL Home Loans | May 19 6:42 AM
46 views
|
0 Likes
Non Housing Loans and More
Unlock the Value of Your Property with a Loan: No ITR Required
Read More
IIFL Home Loans | May 19 6:42 AM
429 views
|
0 Likes
Non Housing Loans and More
Unlock the Value of Your Property with a Loan: No ITR Required
Read More
IIFL Home Loans | May 19 6:42 AM
429 views
|
0 Likes
Non Housing Loans and More
Unlock the Value of Your Property with a Loan: No ITR Required
Read More
IIFL Home Loans | May 19 6:42 AM
429 views
|
0 Likes
Non Housing Loans and More
Unlock the Value of Your Property with a Loan: No ITR Required
Read More
IIFL Home Loans | May 19 6:42 AM
429 views
|
0 Likes
Non Housing Loans and More
38 views
|
0 Likes
Non Housing Loans and More
38 views
|
0 Likes
Non Housing Loans and More
38 views
|
0 Likes
Non Housing Loans and More
38 views
|
0 Likes
Non Housing Loans and More
38 views
|
0 Likes
Non Housing Loans and More
Empowering local businessmen of the nation with IIFL SHAKTHI Loan against Property
Read More
IIFL Home Loans | Aug 02 11:53 AM
212 views
|
0 Likes
Non Housing Loans and More
Why to invest in a Home Loan than in savings account or similar?
Read More
IIFL Home Loans | Feb 26 1:45 PM
86 views
|
0 Likes
Non Housing Loans and More
Why to invest in a Home Loan than in savings account or similar?
Read More
IIFL Home Loans | Feb 26 1:45 PM
86 views
|
0 Likes
Non Housing Loans and More
What are loans against rentals?
Read More
IIFL Home Loans | Feb 22 1:30 PM
25 views
|
0 Likes
Non Housing Loans and More
What are loans against rentals?
Read More
IIFL Home Loans | Feb 22 1:30 PM
25 views
|
0 Likes
Non Housing Loans and More
What are loans against rentals?
Read More
IIFL Home Loans | Feb 22 1:30 PM
25 views
|
0 Likes
Non Housing Loans and More
What are loans against rentals?
Read More
IIFL Home Loans | Feb 22 1:30 PM
25 views
|
0 Likes
Non Housing Loans and More
How does loan against property help you with future financial emergencies?
Read More
IIFL Home Loans | Feb 22 1:15 PM
22 views
|
0 Likes
Non Housing Loans and More
How does loan against property help you with future financial emergencies?
Read More
IIFL Home Loans | Feb 22 1:15 PM
22 views
|
0 Likes
Non Housing Loans and More
How does loan against property help you with future financial emergencies?
Read More
IIFL Home Loans | Feb 22 1:15 PM
22 views
|
0 Likes
Non Housing Loans and More
Home Loan Versus Loan Against Property
Read More
IIFL Home Loans | Feb 21 6:15 PM
55 views
|
0 Likes
Non Housing Loans and More
Home Loan Versus Loan Against Property
Read More
IIFL Home Loans | Feb 21 6:15 PM
55 views
|
0 Likes
Non Housing Loans and More
Home Loan Versus Loan Against Property
Read More
IIFL Home Loans | Feb 21 6:15 PM
55 views
|
0 Likes
Non Housing Loans and More
Factors affecting Loan against Property Tenure
Read More
IIFL Home Loans | Feb 21 5:15 PM
26 views
|
0 Likes
Non Housing Loans and More
Factors affecting Loan against Property Tenure
Read More
IIFL Home Loans | Feb 21 5:15 PM
26 views
|
0 Likes
Non Housing Loans and More
Factors affecting Loan against Property Tenure
Read More
IIFL Home Loans | Feb 21 5:15 PM
26 views
|
0 Likes
Non Housing Loans and More
LAP - Loan Against Property Explained in Detail - IIFL Finance Blogs
Read More
IIFL Home Loans | Jan 01 12:15 PM
234 views
|
0 Likes
Non Housing Loans and More
LAP - Loan Against Property Explained in Detail - IIFL Finance Blogs
Read More
IIFL Home Loans | Jan 01 12:15 PM
234 views
|
0 Likes
Non Housing Loans and More
LAP - Loan Against Property Explained in Detail - IIFL Finance Blogs
Read More
IIFL Home Loans | Jan 01 12:15 PM
234 views
|
0 Likes
Non Housing Loans and More
Things That Can Go Wrong With Your CIBIL Report
Read More
IIFL Home Loans | Dec 04 11:15 AM
31 views
|
0 Likes
Non Housing Loans and More
Things That Can Go Wrong With Your CIBIL Report
Read More
IIFL Home Loans | Dec 04 11:15 AM
31 views
|
0 Likes
Non Housing Loans and More
Things That Can Go Wrong With Your CIBIL Report
Read More
IIFL Home Loans | Dec 04 11:15 AM
31 views
|
0 Likes
Non Housing Loans and More
Things That Can Go Wrong With Your CIBIL Report
Read More
IIFL Home Loans | Dec 04 11:15 AM
31 views
|
0 Likes
Non Housing Loans and More
Is your CIBIL score getting you down? Cibil Score
Read More
IIFL Home Loans | Dec 04 10:45 AM
1 view
|
0 Likes
Non Housing Loans and More
Is your CIBIL score getting you down? Cibil Score
Read More
IIFL Home Loans | Dec 04 10:45 AM
1 view
|
0 Likes
Non Housing Loans and More
Is your CIBIL score getting you down? Cibil Score
Read More
IIFL Home Loans | Dec 04 10:45 AM
1 view
|
0 Likes
Non Housing Loans and More
Is your CIBIL score getting you down? Cibil Score
Read More
IIFL Home Loans | Dec 04 10:45 AM
1 view
|
0 Likes
Non Housing Loans and More
How to get a personal loan with low CIBIL score?
Read More
IIFL Home Loans | Dec 04 10:30 AM
188 views
|
0 Likes
Non Housing Loans and More
How to get a personal loan with low CIBIL score?
Read More
IIFL Home Loans | Dec 04 10:30 AM
188 views
|
0 Likes
Non Housing Loans and More
How to get a personal loan with low CIBIL score?
Read More
IIFL Home Loans | Dec 04 10:30 AM
188 views
|
0 Likes
Non Housing Loans and More
How to get a personal loan with low CIBIL score?
Read More
IIFL Home Loans | Dec 04 10:30 AM
188 views
|
0 Likes
Non Housing Loans and More
Everything You Need to Know About Your CIBIL Score
Read More
IIFL Home Loans | Nov 02 12:00 PM
179 views
|
0 Likes
Non Housing Loans and More
Everything You Need to Know About Your CIBIL Score
Read More
IIFL Home Loans | Nov 02 12:00 PM
179 views
|
0 Likes
Non Housing Loans and More
Everything You Need to Know About Your CIBIL Score
Read More
IIFL Home Loans | Nov 02 12:00 PM
179 views
|
0 Likes
Non Housing Loans and More
Everything You Need to Know About Your CIBIL Score
Read More
IIFL Home Loans | Nov 02 12:00 PM
179 views
|
0 Likes
Non Housing Loans and More
Everything You Need to Know About Your CIBIL Score
Read More
IIFL Home Loans | Nov 02 12:00 PM
179 views
|
0 Likes
Non Housing Loans and More
Everything You Need to Know About Your CIBIL Score
Read More
IIFL Home Loans | Nov 02 12:00 PM
179 views
|
0 Likes
Non Housing Loans and More
Everything You Need to Know About Your CIBIL Score
Read More
IIFL Home Loans | Nov 02 12:00 PM
179 views
|
0 Likes
Non Housing Loans and More
Everything You Need to Know About Your CIBIL Score
Read More
IIFL Home Loans | Nov 02 12:00 PM
179 views
|
0 Likes
Prelude to Building Green - IIFL Home Loan's Guide to Sustainable Affordable Housing
Download report
Most Read Blogs
Non Housing Loans and More
A Comprehensive Guide to Using a Loan Against Property EMI Calculator
Read More
IIFL Home Loans | Jun 02 7:21 AM
61 views
|
0 Likes
Non Housing Loans and More
A Step-by-Step Guide to the Loan Against Property Process
Read More
IIFL Home Loans | Jun 02 7:21 AM
44 views
|
0 Likes
Non Housing Loans and More
Empowering local businessmen of the nation with IIFL SHAKTHI Loan against Property
Read More
IIFL Home Loans | Aug 02 11:53 AM
212 views
|
0 Likes
Non Housing Loans and More
Everything You Need to Know About Your CIBIL Score
Read More
IIFL Home Loans | Nov 02 12:00 PM
179 views
|
0 Likes
Non Housing Loans and More
Factors affecting Loan against Property Tenure
Read More
IIFL Home Loans | Feb 21 5:15 PM
26 views
|
0 Likes
Non Housing Loans and More
Get a Home Improvement Loan in 4 Easy Steps!
Read More
IIFL Home Loans | Jul 12 12:47 PM
15 views
|
0 Likes
Non Housing Loans and More
Home Loan Versus Loan Against Property
Read More
IIFL Home Loans | Feb 21 6:15 PM
55 views
|
0 Likes
Non Housing Loans and More
How does loan against property help you with future financial emergencies?
Read More
IIFL Home Loans | Feb 22 1:15 PM
22 views
|
0 Likes
Non Housing Loans and More
How to get a personal loan with low CIBIL score?
Read More
IIFL Home Loans | Dec 04 10:30 AM
188 views
|
0 Likes
Non Housing Loans and More
Invest in Your Home’s Future: Upgrade Today with a Specialized Renovation Loan
Read More
IIFL Home Loans | May 19 6:42 AM
46 views
|
0 Likes
Non Housing Loans and More
Is your CIBIL score getting you down? Cibil Score
Read More
IIFL Home Loans | Dec 04 10:45 AM
1 view
|
0 Likes
Non Housing Loans and More
LAP - Loan Against Property Explained in Detail - IIFL Finance Blogs
Read More
IIFL Home Loans | Jan 01 12:15 PM
234 views
|
0 Likes
Non Housing Loans and More
Save More With Tax Benefits of Home Renovation Loan
Read More
IIFL Home Loans | Jul 12 11:09 AM
21 views
|
0 Likes
Non Housing Loans and More
Smart Borrowing: Taking a Loan Against Property for Affordable Financing
Read More
IIFL Home Loans | Jun 02 7:21 AM
41 views
|
0 Likes
Non Housing Loans and More
38 views
|
0 Likes
Non Housing Loans and More
Things That Can Go Wrong With Your CIBIL Report
Read More
IIFL Home Loans | Dec 04 11:15 AM
31 views
|
0 Likes
Non Housing Loans and More
Unlock the Value of Your Property with a Loan: No ITR Required
Read More
IIFL Home Loans | May 19 6:42 AM
429 views
|
0 Likes
Non Housing Loans and More
What are loans against rentals?
Read More
IIFL Home Loans | Feb 22 1:30 PM
25 views
|
0 Likes
Non Housing Loans and More
Why to invest in a Home Loan than in savings account or similar?
Read More
IIFL Home Loans | Feb 26 1:45 PM
86 views
|
0 Likes
Non Housing Loans and More
62 views
|
0 Likes
Disclaimer: The information contained in this post is for general information purposes only. IIFL Home Finance Limited (including its associates and affiliates) ("the Company") assumes no liability or responsibility for any errors or omissions in the contents of this post and under no circumstances shall the Company be liable for any damage, loss, injury or disappointment, etc. suffered by any reader. All information in this post is provided "as is", with no guarantee of completeness, accuracy, timeliness, or of the results, etc. obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability, and fitness for a particular purpose. Given the changing nature of laws, rules, and regulations, there may be delays, omissions, or inaccuracies in the information contained in this post. The information on this post is provided with the understanding that the Company is not herein engaged in rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers. This post may contain views and opinions which are those of the authors and do not necessarily reflect the official policy or position of any other agency or organization. This post may also contain links to external websites that are not provided or maintained by or in any way affiliated with the Company and the Company does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. Any/ all (Home/ Loan Against Property/ Secured Business Loan/ Balance Transfer/ Home Improvement Loan/ NRI Home Loan/ Home Loan for Uniformed Services) loan product specifications and information that may be stated in this post are subject to change from time to time, readers are advised to reach out to the Company for current specifications of the said (Home/ Loan Against Property/ Secured Business Loan/ Balance Transfer/ Home Improvement Loan/ NRI Home Loan/ Home Loan for Uniformed Services) loan.
