How to remove fake loan from CIBIL Report?

 

To remove fake loan from CIBIL report, you have to go through a procedure of dispute raise in TransUnion CIBIL, here is the detailed guidance to remove fake loan from CIBIL report. Follow these steps:

1. Obtain Your CIBIL Report: First step you should take to remove fake loan from CIBIL report is to get a copy of your latest CIBIL report from the CIBIL official website or from anywhere else where you can obtain that very easily.

2. Identify The Fake Loan: After you obtain your latest CIBIL report, analyse the entire credit report, especially the loan account sections to identify the fake loan accounts properly.

3. Gather Documentation For Evidence: If possible, collect any evidence that supports the loan was never taken by you, this evidential document may be the confirmation letter from the respective lender, account statements, or anything else that supports in your favour. These evidences play an important role to remove fake loan from CIBIL very fast.

4. Raise a Dispute: The next step you have to take is to login to your CIBIL portal again and raise a dispute against the fake loans mentioned in your CIBIL.

You should provide the evidences as an attachment. As these evidences make the process short and fast to remove fake loan from CIBIL.

5. Contact the Lender: Also, you should reach out to the lender associated with the fake loan to inform them of the issue. Request that they investigate properly and correct the record accordingly.

6. Follow Up The Dispute: Monitor the status of your dispute on the CIBIL website. CIBIL usually resolves disputes within 30-45 days.

7. Check for Updates: After the dispute is resolved, review your CIBIL report again to confirm the fake loan has been removed from your latest credit report.

8. Prevent Future Fraud: Consider placing a fraud alert or credit freeze with CIBIL to protect against future issues.

If necessary, consult with a credit consultancy service for additional assistance, as their knowledge & experience will definitely help you to tackle with these kinds of problems for now and in near future.