Do banks check with other credit bureaus apart from CIBIL?

[pleasegiveltf]

Long story short - SBI had made a mistake in their reporting to credit bureaus (see this thread), stating that I made a late payment on a loan I took. I've been fighting with them for 6 months and it looks like it'll finally be corrected on the CIBIL report (had to escalate all the way to RBI ombudsman).

My question is: is correcting the CIBIL one enough? I don't want to fight with them for another 6 months to correct in all of the other bureaus if banks don't even check other scores. Is there anything I should prioritize?

 

[D₹V]

Ask them to correct in all bureaus they reported. i.e. Experian, Crif etc.

 

[LIIT]

Ofcourse! Quite a few do multiple bureau checks.
It's advisable to see it through!

 

[pleasegiveltf]

Yeah, I have asked them to. The branch manager is a pain though and is not very responsive. Like I said - even for CIBIL it took me 6 months and three escalations to higher levels (to the AGM of Local Head Office, GM and then finally to the RBI). They only fixed it at the last escalation (RBI). I'll do this for all bureaus too but just wondering if it's really worth it...

 

[zaid_2913]

Long story short - SBI had made a mistake in their reporting to credit bureaus (see this thread), stating that I made a late payment on a loan I took. I've been fighting with them for 6 months and it looks like it'll finally be corrected on the CIBIL report (had to escalate all the way to RBI ombudsman).

My question is: is correcting the CIBIL one enough? I don't want to fight with them for another 6 months to correct in all of the other bureaus if banks don't even check other scores. Is there anything I should prioritize?

They will report to experian, equifax and crif.
I had the same issue, after request they removed late payment from CIBIL, after 6 months i again requested to remove from CRIF & Experian and they did in a week. Now after 17 months i asked to remove from Equifax also and they did immediately😂

 

[Trust Me]

My question is: is correcting the CIBIL one enough? I don't want to fight with them for another 6 months to correct in all of the other bureaus if banks don't even check other scores. Is there anything I should prioritize?

Did you ask them to correct it just with CIBIL? Have you already accepted the resolution? If not, insist on their correcting it with all the credit bureaus before you agree to have the case closed. RBI should agree.
.

 

[pleasegiveltf]

They will report to experian, equifax and crif.
I had the same issue, after request they removed late payment from CIBIL, after 6 months i again requested to remove from CRIF & Experian and they did in a week. Now after 17 months i asked to remove from Equifax also and they did immediately😂

Wow. Thanks, will follow up with them for others as well. Who are you contacting by the way? The branch manager? My branch manager is being a huge pain, thinking if there's anyways to bypass him.

 

[Rkr]

One word Yes. @pleasegiveltf

 

[zaid_2913]

Wow. Thanks, will follow up with them for others as well. Who are you contacting by the way? The branch manager? My branch manager is being a huge pain, thinking if there's anyways to bypass him.

In SBI there is a separate department who handle CIBIL related issues, each state have their department. cibil.mum@sbi.co.in

 

[pleasegiveltf]

In SBI there is a separate department who handle CIBIL related issues, each state have their department. cibil.mum@sbi.co.in

Does that mean they have other departments for CRIF/Equifax/Experian? Or should I just find out the CIBIl department for my state and email them.

I just emailed the branch manager again copying the AGM and the GM by the way

 

[zaid_2913]

Does that mean they have other departments for CRIF/Equifax/Experian? Or should I just find out the CIBIl department for my state and email them.

I just emailed the branch manager again copying the AGM and the GM by the way

No only one department for all four bureaus

 

[SSV]

Long story short - SBI had made a mistake in their reporting to credit bureaus (see this thread), stating that I made a late payment on a loan I took. I've been fighting with them for 6 months and it looks like it'll finally be corrected on the CIBIL report (had to escalate all the way to RBI ombudsman).

My question is: is correcting the CIBIL one enough? I don't want to fight with them for another 6 months to correct in all of the other bureaus if banks don't even check other scores. Is there anything I should prioritize?

Theoritically what happens is:

1) A bank usually tie up with one bureau ( say for example, it ties up with CIBIL)
2) when you apply for any "borrowing product" then the bank checks your complete credit profile from CIBIL, this leaves a hard enquiry on CIBIL.
3) Then what happnes is: the Bank will report all credit activity to all bureaus, like, enquiry, accounts opened, accounts activity, etc..

So that means even if it checks with one bureau, it should provide all the data to all the bureaus...
This is the theory and it generally happens also ..

 

[Deleted member 8482]

They will report to experian, equifax and crif.
I had the same issue, after request they removed late payment from CIBIL, after 6 months i again requested to remove from CRIF & Experian and they did in a week. Now after 17 months i asked to remove from Equifax also and they did immediately😂

Is there any app or website where we can check all these 4 credit bureaus. I have 13 years credit history but checked for cibil in all those years

 

[SSV]

Is there any app or website where we can check all these 4 credit bureaus. I have 13 years credit history but checked for cibil in all those years

No single app to check all 4 bureaus.
More info about all the 4 bureaus can be found here.. then you can decide if it's worth or not

Thread 'My Credit Bureau Journey - An Experience (Experian, CRIF and Equifax)' https://www.technofino.in/community...n-experience-experian-crif-and-equifax.14542/

 

[Deleted member 8482]

No single app to check all 4 bureaus.
More info about all the 4 bureaus can be found here.. then you can decide if it's worth or not

Thread 'My Credit Bureau Journey - An Experience (Experian, CRIF and Equifax)' https://www.technofino.in/community...n-experience-experian-crif-and-equifax.14542/

ok Thanks for Info

 

[RAMESH BABU N]

PaisaBazaar app/site has a credit report section wherein ALL FOUR ratings from the four credit rating agencies are visible - CIBIL, EXPERIAN, EQUIMAX n HIGHMARK.

You can download each of them in .pdf format. Read it carefully n you can raise DISPUTES for rectifying mistakes therein.

I raise such disputes every quarter to see that no incorrect/unrelated entries are there.

 

[CyberPsych]

I raise such disputes every quarter

Do you raise disputes to Bureau or banks?

 

[RAMESH BABU N]

Do you raise disputes to Bureau or banks?

I raise disputes with CIBIL/EXPERIAN - with all relevant details - who in turn will take up with banks for rectification. It would take about 2-3 months....

 

[CyberPsych]

I raise disputes with CIBIL/EXPERIAN - with all relevant details - who in turn will take up with banks for rectification. It would take about 2-3 months....

Does this method have less headache than dealing with banks?

 

[rahulsethi]

No single app to check all 4 bureaus.
More info about all the 4 bureaus can be found here.. then you can decide if it's worth or not

Thread 'My Credit Bureau Journey - An Experience (Experian, CRIF and Equifax)' https://www.technofino.in/community...n-experience-experian-crif-and-equifax.14542/

You can check all four for free on paisabazaar