Remove Your Name From Cibil Defaulter’s List

Credit information bureau of India limited or Cibil is an agency that maintains the entire record of all the loans and advances taken by an individual from all the banks and other financial institutions who are members with Cibil.

This information is provided to cibil by the member banks and institutions. This record is maintained to help all the member banks so that they can get the previous and updated record on the repayment status of a particular person. This information helps the lenders take the approval decision quicklyand with fewer risks.

It has been seen that many a times your name still exists in cibil after default settlement.

There can be two reasons, which may be responsible for this:

* Data processing error
* Banks not updating your settlement status to credit bureau.

What basically happens is, sometimes banks do not update to cibil that your dues on a particular loan or credit card has been settledand so your name should be erased or deleted from cibil defaulters list.

Mentioned below are the ways through which you can remove your name from cibil defaulters list after default settlement:

* If you see that your name is still existing as a defaulter after you have made the full and final payment towards your account to your lender, you must contact your lender immediately and request it to update the status of your dues that it has been cleared form your end to cibil so that the bureau should remove your name from defaulters list.
* For this, you will have to mail a copy of your settlement receipt or no due certificate to your bank, which has been issued, to you at the time when you made the payment. Your lender will then contact credit information bureauand will also give the details of your account. Now cibil will remove your name from its defaulter list.
* You can also contact cibil directly on the helpdesk number- 1800-224-245 or telephone number- +91 -22 6638 4600 / 2281 7788 and place a request for removal of your name from cibil after default settlement. You would be required to give some details about the account on which you have made the paymentand after a few enquiries with your bank, your name would be removed and your credit report will become clear.