How to Remove Suit Filed from CIBIL Report?

 

To remove suit filed from CIBIL report indicates that a lender has taken legal action against you due to non-payment of a debt. 

This status can severely impact your credit score and hinder your ability to obtain new credit or loans. If you find yourself in this situation, here is a step-by-step guide on how to remove Suit Filed from CIBIL report:

 

1. Obtain and Review Your CIBIL Report

The first step to remove suit filed from CIBIL is to obtain a copy of your CIBIL report and review it carefully. This will help you confirm that the status is accurate and understand the details associated with the suit.

 You can request a copy of your CIBIL report online from the official CIBIL website. You may need to pay a nominal fee. Check the report for accuracy, including the suit's details, such as the amount involved, the lender's name, and the dates.

 

2. Verify the Accuracy of the Entry

Ensure that the "Suit Filed" status is accurate. If there are any discrepancies or errors, you need to address them first.

Dispute Any Errors: If you find inaccuracies, file a dispute with CIBIL. You can do this online by logging into your CIBIL account and submitting a dispute request with details of the error.

 

3. Resolve the Debt

 

If the "Suit Filed" status is accurate, the next step is to resolve the underlying debt. This involves negotiating with the lender to settle the debt or come up with a repayment plan.

 

- Contact the Lender: Reach out to the lender or creditor who filed the suit. Discuss your financial situation and negotiate a settlement or repayment plan.

- Obtain repayment Documents: Once repayment plan is agreed upon, get written confirmation from the lender stating that the debt has been settled.

 

4. Resolve the Legal Action

Ensure that the legal action is resolved in court. So that you can remove suit filed from CIBIL

 

- Follow Court Procedures: Attend any required court hearings and provide necessary documentation to the court to finalize the settlement or repayment plan.

- Obtain a Court Order: Secure a court order or official document that confirms the suit has been resolved or withdrawn.

 

5. Update Your CIBIL Report

After resolving the debt and legal action, you need to update your CIBIL report to reflect the current status.

 

- Submit a Dispute to CIBIL: File a dispute with CIBIL to update the status on your report. Provide evidence of the settlement and court resolution with your dispute request.

- Include Supporting Documents: Attach copies of the settlement agreement, court order, and any other relevant documents.

 

6. Follow Up with CIBIL

Monitor the status of your dispute to remove suit filed from CIBIL.

 

- Check Your Report Regularly: Review your CIBIL report periodically to confirm that the status has been updated.

- Contact CIBIL: If the status does not change within a reasonable timeframe, contact CIBIL’s customer support for assistance.

How to remove Written-off loan from CIBIL report?

 

To remove written-off loan from CIBIL (Credit Information Bureau India Limited) report can be a bit challenging, as these entries are typically there to reflect the history of your credit behavior. 

However, there are steps you can take to address inaccuracies or potentially improve your credit profile:

 

1. Review Your CIBIL Report: first step to remove written-off loan from CIBIL you must obtain a copy of your CIBIL report to ensure that the written-off loan is reported correctly. Sometimes errors can occur.

 

2. Verify Details: Check all the details related to the written-off loan. Ensure that the account number, loan amount, and the status reported are accurate.

 

3. Dispute Incorrect Information: If you find any inaccuracies, you can file a dispute to remove the written-off loan fromCIBIL. You can do this by visiting the CIBIL website and following their process for disputing incorrect information. You'll need to provide supporting documents to substantiate your claim that the written-off loan was paid entirely.

 

4. Contact the Lender: Reach out to the lender who reported the loan as written-off. If there was a mistake or if you have settled the loan in full, ask them to update their records with CIBIL. They may need to provide a "No Dues Certificate" or similar documentation.

 

5. Request a Revision: If the loan was written off incorrectly or prematurely, you can request the lender to update the status. Once they update their records, CIBIL will reflect the corrected status.

 

6. Settlement or Rehabilitation: If the written-off loan was settled or if you’ve come to an agreement with the lender, ensure that this is reported correctly. A settled loan might still reflect negatively, but it’s better than an unresolved written-off status.

 

7. Seek Professional Help: If you’re struggling with the process, consider consulting with a credit counsellor or financial advisor who specialises in credit report issues.

 

Remember that a written-off loan will generally remain on your credit report for a lifetime unless any steps are taken to remove it, but taking these steps can help ensure that your report is accurate and that any errors are corrected.

Does my CIBIL score go down if I check my CIBIL score repeatedly?

 

If you are worried that checking your CIBIL score go down if checked repeatedly. Then the answer is:
No, checking your own CIBIL score repeatedly does not affect it. These are considered "soft inquiries" and don't impact your credit score. 

Only "hard inquiries," which occur when a lender checks your credit report as part of a credit application, can potentially affect your score.

When you check your own CIBIL score, it does not negatively impact your score. Such self-checks are classified as "soft inquiries," which are not visible to lenders and do not affect your credit score.

 This is different from "hard inquiries," which occur when a lender checks your credit report as part of a credit application process. Hard inquiries can have a minor impact on your score.

Regularly checking your own CIBIL score is a proactive way to monitor your credit health. It helps you stay informed about your credit status, spot any inaccuracies or potential issues, and manage your financial well-being effectively. 

Therefore, you can check your CIBIL score as often as needed without worrying about it affecting your credit score.