How to Improve CIBIL Rating

Dear All, Recently I was trying to get some business Loan from HDFC bank. I had submitted all documents as requested by them. After due verification they informed me that my loan application is rejected. And the reason was "Bad CIBIL rating".
Almost six to seven years back I had taken credit card from CITI bank. After using the same properly for some time my repayment was not prompt and the amount started accumulating. At one stage the amount became unimaginable and out my ability to repay. At this stage i hired a lawyer, and he after seeing all my transactions from day 1 till the final day has made some calculations and said that i need not pay any more amount to the bank as they have already overcharged against RBI guidelines. The matter was settled at that time and after that No one from CITI bank asked for any payment from me.

Now my cibil says Account closed with outstandind Rs. 1,39,000.00. For this reason HDFC bank has now rejected my loan application.

Now i would like to know if their is any way I can improve the cibil rating so that i can take loans in future. more  

View all 58 comments Below 58 comments
Get in touch with me at 9717493309. I shall explain how to get out of this. more  
Constitution provides for equality and so whatever the bank do must have to be same for everyone irrespective of their status. If not the system needs to be put on right path. more  
Mr.Uday,yes we are all correct,we need system change.The only thing that can change is introducing judicial reforms,scrutiny. Making people oriented Judicial systems. Today the world needs a system change in growing crops.Standing water is producing nitrogen and carbon,we did same for 100 years. Climate smart agriculture. So are systems changes in finances,currency,banking,judicial systems,social leaders all . We thought urbanization is way forward for prosperity employment and industrialization. We need now safe tram like transport. We need water treatment and reuse systems. Things needs change,who ever are against will loose their identity on their own. more  
It is well established that the Banks are only for the Reach People to give them Loans Without any verifications and having any assets BUT to create the Liabilities by way of defaulters and writ off the Loans of Several Hundred and Thousand Crorers of Rupees. But in case of common man, as stated earlier 400% assurance is not sufficient, over and above CIBIL, CRISIL and other Private credit rating Organisations certifications - which does not have any "Locus Standi" Prevails. Same is the Case of Other Authorities - as well, for the only reason that common man is easy Opress and depress for wasted interest. more  
It is party workers in job,holding workers meetings who are important vote catchers. The situation from top to bottom,and who will bell the cat. But there will be more wolves to catch the rats,and drive the cats. Fall in line and accept a new system other wise monopoly and multinationals will take over. Jobs,profits and many will be missed. After all British Island nations cannot support for longer time. more  
Post a Comment

Related Posts

    • Can a Co-owner as wife make a Trust deed ?

      Sale deed has 2 names-Husband & Wife. Husband is living separately in another home and wife was earning to buy flat,( Husband had No source of income) Wife is paying for maintainance...

      By Anonymous Circle member
    • Refund rule against downgrading to 3ed A.C from 2nd A. C.

      For travel on 2th April 2022 from Thane to Bydur ( Mookambika Road), on konkan Railway.the ticket booked on line through IRCTC. For difference fare, ZTTE issued a certificate. PNR no.8449078066.

    • MB loan customer care number ❾❶⓿❷❶❷❹❺❸❽

      MB loan customer care number ❾❶⓿❷❶❷❹❺❸❽ MB loan customer care number ❾❶⓿❷❶❷❹❺❸❽ MB loan customer care number ❾❶⓿❷❶❷❹❺❸❽

      By Bookmy Kumar
    • OB cash loan customer care number 9102124538

      OB cash loan customer care number 9102124538 🇮🇳 OB cash loan customer care number 9102124538 🇮🇳

      By Raju Kumar
    • ancestral property rights

      Dear Members We are 4 kids to our parents, after parents expired without partition or will. Now I want to give up all my ancestral property rights to some one legally, so that they can c...

      By Anonymous Circle member
    • CITY Governance Charges (CGC) on Carpet Area Basis?

      In a mega township project where one of the reputed builder charging CITY Governance Charges (CGC) based on per sq ft basis. It's nothing to do with building common area maintenance charges which i...

      By Mahesh Bhutkar
    • H'ble SC asked GOI;- Is Govt willing to Ban Convicted Netas life long to Contest Elections

      A CJI Teared His Eyes. A CJI suggested Joint Meets of Judiciary and Executive. Another CJI deeply regretted and Seriously commented on Convicts Heading a Political Party and Share the Rule. T...

      By Csn Sarma
    • Harazent by neighbor and society community

      What should we do to when a neighbor keeps harassing to us and our tenants who stay in our house which is in ozone villa society pune. When I was staying in 2014 with my six months baby and trying ...

      By Anjana P K Jain

      Legal Agreements are a part of our every day life. We get into formal Agreements at various stages of our life. Parents sign on Agreements for their wards at school since minors cannot get into con...

    • RWA Maintenance

      Hi, Would like to know is there are any court order or Law which gives flexibility for Owner/Tenant to pay the maintenance amount as per his/her convenience. Initially the m...

      By Anonymous Circle member
    • Legal Position - Responsibilty of the Builder to hand over the common Assets

      We have come across a situation where our builder of a group housing of Villas and flats numbering 411 has put a condition thru some of his supporters In the RWA that he will transfer the common as...

Enter your email and 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

All My Circles
Invite to
(Maximum 500 email ids allowed.)