IDFC Reported Incorrect Data To CIBIL Which Screwed My Credit Score | Vkeel - Free Legal Advice

****v

Delhi

I took a two wheeler loan in 2012 from IDFC for 46,000 and I paid off 35000, I couldn't pay the remaining balance of approx 10k because I lost my job, IDFC has posted a loan default for 81000, which screwed my credit score and I didn't default for 81k. It was almost double the amount of my loan I took, 81000 includes the loan amount of 46000 + the other penalties, I contacted them recently to get it sorted and they asked me to pay 16565 the overdue amount for once and for all and they will correct MY CIBIL and close my loan and issue me a NOC within 45 days of time. It's about to complete within the next 10 days but there are no adjustments in my credit report by them, I raised 3 disputes through CIBIL but they denied to accept my dispute, I have all the email correspondence from them, should I send them a legal notice

Expert's Answers(5)

Advocate J L Naagar
Jalandhar, Punjab

169 Client Ratings

To begin with you have to serve a detailed legal notice served upon the IDFC people. If the matter is not resolved it would be better for you to approach the Banking Ombudsman who will correct and rectify the civil wrong done by the Bank itself. It is the most appropriate authority for your purposes. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required..

September 16, 2020
Advocate Suneel Moudgil
Panipat, Haryana

40 Client Ratings

1. you can serve the IDFC a legal notice through a lawyer regarding wrong default amount with direction to adjust the same, 2. if the needful is not done within the stipulated time made despite service of the legal notice, you can file a consumer complaint as per the provision of latest amendments, 3. the consumer case can be filed from your place, 4. you can also claim an appropriate compensation for causing mental agony & unfair trade practice 5. you can contact me for a detailed discussion.

September 16, 2020
Advocate Abhimanyu Gurawalia
Patli Hajipur, Haryana

60 Client Ratings

send them a legal notice regarding your query

September 16, 2020
xxxxx cxxxxx
Bengaluru, Karnataka

184 Client Ratings

Dear Sir You may get issue legal notice and threaten to file defamation case claiming huge compensation. Please give me RANK FIVE (5) if my answer satisfies you.

September 16, 2020
Advocate Kanchan Kumari
Mumbai, Maharashtra

9 Client Ratings

u can ask them they should give everything in written on paper and if have already requested them for the clarification they can not deny it. as u explained everything here. just ask them on which basis thet imposed that much amount on u . for further consultation u can contact me . thank u

September 16, 2020