New Delhi: Who does not desire a good credit score rating! An excellent credit score historical past will give us a credit score rating. An excellent rating will be recorded solely once we pay our loans and bank card funds on time. The credit score bureau considers it adverse if the fee shouldn’t be made on time. However many instances the credit score bureau doesn’t have an opportunity to indicate that we have now made the compensation on time. Generally it occurs because of mistake or technical causes. In such instances, it’s our duty to be alert as quickly as attainable. Immediately by way of this information we all know how you can appropriate these errors within the bank card?

Three main credit score bureaus

Credit score bureaus consider our credit score historical past. They put together reviews on our transactions and monetary self-discipline. There are primarily three credit score bureaus in our nation. They’re CIBIL, Experian, Equifax. Of those, CIBIL is essentially the most well-known. Everybody is aware of this. Many banks use CIBIL rating as the idea for giving loans and bank cards. Different monetary establishments contemplate the reviews of Experian and Equifax.

Complaining to the credit score bureau
Even when we pay the mortgage or bank card invoice on time, if it comes underneath the ‘late fee’ class in any credit score bureau report, we ought to be alert instantly. Due to this fact, we must always complain to the credit score bureau that printed the false report. For this, we have now to arrange some paperwork. We’ve got to arrange financial institution statements, mortgage statements or bank card invoice statements as proof that we have now made the fee on time. On which day and at what time can we make the fee? When was the cash deducted from the financial institution?