Two mysterious loans in my Experian credit report

[aceventura]

I recently generated my first Experian credit report using OneScore. Some of the accounts that are there in my CIBIL report are missing the Experian report, which is ok. However, I also see two loans from SBI in my report that got opened in Mar 2017 but dont have any outstanding. I have never taken a personal loan, definitely not from SBI. These two accounts were never there in CIBIL.

Any idea, what these could have been? Should I look into disputing these or just let it be?

 

[aceventura]

Will disputing these lead SBI to report these to CIBIL as well?

 

[aceventura]

@ray8285 @s-s-v
Your thoughts on the above? Is it worthwhile to pursue this?

 

[sv004]

Was there any bank guarantee that u took ?

 

[aceventura]

Was there any bank guarantee that u took ?

No, I did not. I do have a PPF account with SBI opened a few years before 2017. But other than that, I dont do much with SBI.

 

[Vishal N]

It would be easier and wiser to contact SBI grievances and then escalate for deletion if you believe it's not yours. Atleast find out whether it's some identity fraud or maybe something else being reported as personal loan

 

[ray8285]

Will disputing these lead SBI to report these to CIBIL as well?

No. If they are not yours then SBI cannot legally report these loans in your name.

Rather than going through customer service raise this directly with SBI grievance & serve the email as notice, if nothing happens follow up 2-3 times in 30 days and keep those communications as proof of notice / reminders. After 30 days escalate with the Rbi ombudsman if they don’t remove the loan. This will also make it clear if any fraud has happened or not.

Let Sbi prove it if they believe you took the loan or a credit line. If not they need to remove it.

Once again you if you haven’t taken the credit same should not have been reported.

 

[ray8285]

Was there any bank guarantee that u took ?

These doesn’t seems guarantor loans. The amount is just 40K. Also doesn’t seem like fraud, as the balance outstanding is 0.

So my money is on Sbi being sbi made a mistake & they should rectify that !

 

[addy]

I recently generated my first Experian credit report using OneScore. Some of the accounts that are there in my CIBIL report are missing the Experian report, which is ok. However, I also see two loans from SBI in my report that got opened in Mar 2017 but dont have any outstanding. I have never taken a personal loan, definitely not from SBI. These two accounts were never there in CIBIL.

Any idea, what these could have been? Should I look into disputing these or just let it be?

I recently generated my first Experian credit report using OneScore. Some of the accounts that are there in my CIBIL report are missing the Experian report, which is ok. However, I also see two loans from SBI in my report that got opened in Mar 2017 but dont have any outstanding. I have never taken a personal loan, definitely not from SBI. These two accounts were never there in CIBIL.

Any idea, what these could have been? Should I look into disputing these or just let it be?

Don't worry i also have entries of exactly same dates in my experian report. Its something done from SBI side only (may be to show increase in no. of loan accounts that time)

I recently generated my first Experian credit report using OneScore. Some of the accounts that are there in my CIBIL report are missing the Experian report, which is ok. However, I also see two loans from SBI in my report that got opened in Mar 2017 but dont have any outstanding. I have never taken a personal loan, definitely not from SBI. These two accounts were never there in CIBIL.

Any idea, what these could have been? Should I look into disputing these or just let it be?

Don't worry i also have entries of exactly same dates in my experian report. Its something done from SBI side only (may be to show increase in no. of loan accounts that time)

 

[aceventura]

No. If they are not yours then SBI cannot legally report these loans in your name.

Rather than going through customer service raise this directly with SBI grievance & serve the email as notice, if nothing happens follow up 2-3 times in 30 days and keep those communications as proof of notice / reminders. After 30 days escalate with the Rbi ombudsman if they don’t remove the loan. This will also make it clear if any fraud has happened or not.

Let Sbi prove it if they believe you took the loan or a credit line. If not they need to remove it.

Once again you if you haven’t taken the credit same should not have been reported.

Thanks, will do.

 

[aceventura]

Don't worry i also have entries of exactly same dates in my experian report. Its something done from SBI side only (may be to show increase in no. of loan accounts that time)

One thing I have heard, is that one's credit score is always lesser if they have a personal loan compared to one who doesn't. If the account was atleast closed, I would been happy that it will fall off after 7 years, but it is still in open state.

 

[aceventura]

Don't worry i also have entries of exactly same dates in my experian report. Its something done from SBI side only (may be to show increase in no. of loan accounts that time)

It is very weird in that case, either SBI or Experian screwed up majorly. If it were in US, folks could have bandied together to get a class action lawsuit going on.

 

[sayantanb211]

This can be any pay later account t that you might have. Like ola money paylater , flipkart paylater. Do check once if you have pay later. Otherwise file a dispute on EXPERIAN

 

[mailmenow]

I could see that an unauthiored Enquiry in the name "EXPERIEN GPD CLIENT". How a credit information company can check the Credit Enquiry behalf of customers??? I already raised the concern on 17-JAN-2024. But Whenever I am calling they informed me that they couldn't find any dispute raised with the automated reference number provided. I smell something fishy as I got a mail on the next day after raising the dispute stating that"we are working on your query". But they keep saying that they couldn't find any dispute raised with EXPERIEN GPD CLIENT. Does they intentionally done the same by not raising any dispute as the enquiry institution name is showing as"EXPERIEN GPD CLIENT"?? Any idea??

 

[mailmenow]

I could see that an unauthiored Enquiry in the name "EXPERIEN GPD CLIENT". How a credit information company can check the Credit Enquiry behalf of customers??? I already raised the concern on 17-JAN-2024. But Whenever I am calling they informed me that they couldn't find any dispute raised with the automated reference number provided. I smell something fishy as I got a mail on the next day after raising the dispute stating that"we are working on your query". But they keep saying that they couldn't find any dispute raised with EXPERIEN GPD CLIENT. Does they intentionally done the same by not raising any dispute as the enquiry institution name is showing as"EXPERIEN GPD CLIENT"?? Any idea??

I Escalated the same to their principal nodal officer,nodal officer multiple times regarding the same. None of them replied me back with a single reply. PNO, nodal of EXPERIAN BUERO are waste