Eroneous entry in CIBIL report

I checked my credit report in CIBIL and to my surprise find that my name is associated as a guarantor of an education loan given by Corporation Bank. I have never signed as a guarantor in any education loan ever. So, I raised a dispute in the CIBIL website. However, after a few days, I received an email from CIBIL stating that they can't do anything in this case and I have to take it up with the bank. Since I have no clue who to approach in Corporation Bank to get this issue resolved. I shall appreciate any guidance in this regard. more  

View all 15 comments Below 15 comments
Dear Nr. Naganand,

To be sure that guarantee is not given by Abhijit, I suggested to visit branch and see the documents. Once it is confirmed that he has not signed the guarantee documents, Branch Manager will also take action to remove it from CIBIL. more  
Getting removed from the civil is not important and not difficult at all. He need to go to the root and see whether it is a fraud and to what extent I.e size of the scam more  
CIBIL always refers any complaint to the concerned bank and gives a reply whether the complaint is accepted or not. If there is a mistake, the bank restores the rating and the matter is closed.

My experience is that the Branch Managers do not accept their mistakes. In case of frauds, there is a nexus. By approaching the BM, he is alerted and tries to cover up the fraud. Therefore it is necessary to lodge a complaint.

CIBIL is adamant to correct the rating by depending on the bank raising the demand. Your version is not accepted by CIBIL.

After all it affects your credit rating and it is necessary to protect yourself from demands being enforced.

I have experienced this at ICICI Bank for cards. A fraud has been established by the police and the fraudster located. However, the banker is not prepared to correct the rating and thereby CIBIL has retained the wrong rating. Presently the matter rests with the District Consumer Forum.

In the present case it is a guarantee which could be enforced by the bank for a default of the person receiving the education loan. The complainant is just a student. more  
When you say that you have not stood guarantee for some one, then it is a criminal offence of making a false document by some one using your identity and details.
The only option is to lodge FIR with the police station where you stay. The police will investigate into the matter and nab the culprit who is using your identity.You should use the CIBIL report as evidence.
What about the liability of the loan and how has the bank kept quiet after it has come to its notice that the guarantor is not you?
CIBIL and Ombudsman will not help you in a matter of crime. You should not waste time. more  
On Fri, Feb 8, 2019 at 11:46 AM P. K. Bansal <support@localcirclesmail.com>
wrote:

>
> P. K. Bansal
> P. K. Bansal commented on the Post
> P. K. wrote: "Dear Abhijit, 1. Find the branch of Corporation Bank. If
> possible, visit bank and ask branch Manager to give you details of account
> in which your name is entered as Guarantor. 2. If you feel that you have
> not guaranteed the person, ask him to show the guarantee bond. 3. Give him
> a letter in writing that you have not guaranteed any person and hence the
> entry made by the branch should be removed. 4. If they do not remove the
> entry, write to their higher officer and banking Ombudsman. 5. Then the
> bank will inform CIBIL to remove the entry from more...
> <https://www.localcircles.com/a/home?t=c&pid=4AR_QcNya5lLx0Alip3kYWR1DRMcoKGMjHWRTLMzaY8>
> "
> View/Comment
> <https://www.localcircles.com/a/home?commid=bj14BpjpqM0ZoAFgrANBFusog0FY_9AJDhKaD8CP2Nc&pid=4AR_QcNya5lLx0Alip3kYWR1DRMcoKGMjHWRTLMzaY8&utm_campaign=tracking&utm_medium=email&utm_source=postcomment> Reply
> to this email to post a comment.
> more  
Dear Abhijit,
1. Find the branch of Corporation Bank. If possible, visit bank and ask branch Manager to give you details of account in which your name is entered as Guarantor.
2. If you feel that you have not guaranteed the person, ask him to show the guarantee bond.
3. Give him a letter in writing that you have not guaranteed any person and hence the entry made by the branch should be removed.
4. If they do not remove the entry, write to their higher officer and banking Ombudsman.
5. Then the bank will inform CIBIL to remove the entry from your record.
6. In parallel, you should also make a complaint to CIBIL. They will also ask the bank to give details and will correct it only after bank confirms that you are not a guarantor to the account attached with.
The process will take time and you will be required to follow up vigorously. more  
The loan is educational hence the amount may not be huge but enough to put strain on the complainant. more  
CIBIL never accepts any responsibility and directs you to the bank in case of a complaint to it. In my opinion, it is fraud committed by the bank or its employee and needs investigation by the police only. The bank will be a party to this. This is a crime not a mistake.
All this will be true only if the complainant is correct in stating that his name has been used by some imposter. more  
You can do the following:
1.approach the grievance reddressal cell of the bank
2. Post a complaint on the bank’s website
3. Give a complaint to bank ombudsman whose address can be found in RBI website
(www.askfreelegaladvice.com) more  
Post a Comment

Related Posts

    • Motor Insurance Renewal w/o my knowledge by new owner under my name

      I sold my car in Jan 2017 to a dealership in Noida Sector-8 for an exchange value when buying a new vehicle. After 2.9 years of this transaction, I received a motor insurance certificate at my addr...

      By Akhil P Walia
      /
    • Need help/Suggestion

      I am buying a running restaurant from individual. Paying him a heavy refundable deposit and also a small amount every month as royalty for the business. Shop owner is different with whom I will do ...

      By Ashutosh Jajodia
      /
    • Consumer protection

      Rs. 875/- paid to Amazon.pay for Airtel postpaid bill on 08th sept.2019 has not been credited by Biller resulting in default requiring another payment if Rs.875/- ?? Amazon need to compensate ...

      By Surrender Singal
      /
    • Advocate help required in NCDRC against builder jaypee.

      Advocate required for fighting case in NCDRC against jaypee builder on behalf of association for a very clear case of deficiency in service and extortion in the name of maintenance charges. We have...

      By Pravesh Saini
      /
    • Re registration of 15+ years old vehicles

      What is the legal position on re registration of more than 15 years old vehicles. Is it compulsory to re register the vehicle after 15 years in case there is no plan to use it? If the veh...

      By Mustafa P V
      /
    • Legal Advice on Property BuyBack Agreement & Mou

      Hi, Would anyone here will be able to help with the draft or guidance on property buyback agreement & mou offered by a real estate developer to an investor. Thanks

      By Anonymous Circle member
      /
    • Advice needed

      There is one apartment having 5 flat owners . Out of 5 , three flat owners have occupied their flats . Recently , One flat owner on first floor might have given his flat on Rent to three boys as th...

      By Mahen Patle
      /
    • Section IIC in supreme court of India

      Respected members, i have made a complaint to Supreme Court of India and this complaint is forwarded to section IIC. Can anybody explain the meaning of forward complaint to section IIC. W...

      By Iqbal Singh
      /
    • How can I get judgement date from CDRF Shalimar Bagh.

      Plzz suggest me that what is to be done to get judgement from CDRF, Shalimar Bagh, Delhi as after submitting written arguments in January 2017, I am getting only date and dates for oral arguments....

      By ARVIND JAIN
      /
    • Delhi school admission for 11th grade for a student passed 10th in open schooling

      Dear friends, Wanted to check whether a person who passed 10th grade through open schooling system can take the regular schooling admission for 11th in delhi government school. 2. If a person...

      By Anuradha Bhatta
      /
    • SELLING SECOND HAND VEHICLES

      What precautions are advised for me at the time of selling my old vehicle?. It appears that name change with RTO takes a longer time and in the meanwhile should there be a misuse of the vehicle. Wh...

      By VIJAYKUMAR N
      /
Share To
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)