CIBIL Defaulter List
People who are failure to made payments on loans and credits constantly over a period of time then their names will be listed in CIBIL Defaulter List. CIBIL Defaulter List is the list in which all the information about lenders, borrowers, banks, and other financial institutions is gathered by the Credit Information Bureau India Limited. People who are default on loan payments and credit card payments by even one day will get their names in the CIBIL Defaulter List.
CIBIL issues a Credit Information Report or CIR (commonly referred to as a credit report) and a credit score. After getting name in the Defaulter list, the lenders will reject your application for loans and credit cards and no loan will be provided to you till your name is included in the list. Here on the below section of this page, we are providing you the Step-By-Step Procedure To Remove Your Name from the CIBIL Defaulter List which leads to the determine your credit eligibility.
The Credit Information Bureau India Limited holds all the data of the appliers such as outstanding loans, paid off loans, inquiries for new credit, and on time payment history. Each time when you apply for a new loan, this information is re-assessed. Borrowers can remove their names from the CIBIL Defaulter List by proving that your finances are good, your credit health is good and you have a capability to repay.
Check the procedure of removing your name from the CIBIL Defaulter List and also How to improve your score and not get on the Defaulters List
How do I check if my name is on the CIBIL defaulter list?
There are 3 credit bureaus (CIBIL, Equifax or Experian) who examine the application of the appliers. These 3 credit bureaus provide a copy of your credit report to the banks. If any of the applier has poor credit score and bad credit history related to repayments the bank will reject your loan automatically at that time only. There is not any CIBIL Defaulter List or any other credit rating agencies are available.
Steps to Remove your Name from CIBIL Defaulter List:
Appliers can check the procedure of removing your name from the list which is given as follow:
- First of all, Appliers need to check or correct the credit report and make sure that the provided details such as date of birth, your name, your PAN, your address, etc is correct or any error is mentioned in the report.
- The most important thing you can do to improve your score is to fulfill all your loan/credit card obligations on time.
- Having a ‘Closed’ status on all your past loans will improve your score and help to build up your credit health.
Check From Here >>> CIBIL Full Form
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Individuals who are excited to read more updates about the CIBIL Defaulter List can go through the Link which is given on this page. Stay tuned with us for getting more upcoming latest information.
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