How to remove fake loan from CIBIL Report?

 

It is very important to remove fake loan from CIBIL report, as fake loans always put you under a financial crisis especially during the application of credit facilities. And to remove fake loan from CIBIL, you have to go through a step-by-step procedure, which is as follows:

To remove a fake loan from your CIBIL report, follow these steps:

 

1. Get Your CIBIL Report: First step to remove fake loan from CIBIL you must get a copy of your CIBIL report from the official CIBIL website, or from any other sources available.

2. Identify the Fake Loan: After you get your latest CIBIL report. Analyse it thoroughly and carefully to find out the fake loans reported in it.

3. Collect Evidence:The next step you should take to remove fake loan from CIBIL report is to collect proper evidence if any, that supports the credit facility was never availed by you. These supportive documents might be confirmation letter from corresponding lenders, your bank statement, etc.

4. Raise a Dispute: Now log in to the CIBIL official website and navigate to the dispute section, to raise a dispute against the fake loan. Also, attach those supportive documents (if any) with that dispute. This helps you to remove fake loan from CIBIL very easily and efficiently in a short period of time.

5. Contact the Lender: You should contact the lender associated with the fake loan. Inform them that the loan is never availed by you. Keeping contact with the lender also helps you resolve the issue quickly.

6. Follow Up: Keep track of your dispute's status through the CIBIL website. They usually resolve disputes within 30 days.

7. Review Your Report: After the dispute is resolved, check your CIBIL report again to ensure the fake loan has been removed.

8. Consider Fraud Alerts: To prevent future issues, consider placing a fraud alert on your credit report.

If you encounter challenges, seeking advice. Never hesitate to take advice from a credit advisor or from a financial consultant as their knowledge and experience will definitely help you to overcome from this situation.