CIBIL SCORE REPAIR AGENCY

 

In our daily life, we often heard about cycle repair, bike repair, car repair and also computer repair. But now in this video, you are going to come across a new kind of repair CIBIL score repair.

 Now you must be wondering what is this CIBIL score repair?

I have been posting videos on YouTube and writing articles related to CIBIL on my website and in those, I have received a common question that is regarding the CIBIL  score.

So today I am here to discuss and clarify every little doubt and question related to questions that one might get.

So, what are CIBIL score repair services?  and what exactly is the job of a CIBIL score consultant and CIBIL score consultancy?

Why is CIBIL score consultancy gaining popularity in recent days and last question is how does CIBIL score agency work/function. How to select an agency for repairing your CIBIL score.

On the basis of a person’s loan history, the TransUnion bureau prepares a report which shows each and every detail of his previous and existing loan. The TransUnion also sets a score for the person which is known as the CIBIL  score.

750 plus score is considered to be a very good CIBIL score and the more your score is, the easier you will be able to get a loan from a very good bank or financial institute.

 If by any chance your score is less than 750 the bank or the credit institute will be denying your loan or will be reluctant to provide you loan service.

Why does a person have a bad CIBIL score?

There are two main reasons which make the CIBIL score of a person bad.

  1. There might be some mixed data in customer CIBIL, which means someone else data got entered into customer CIBIL wrongfully.

   2.    Second reason for a bad CIBIL score is that customer took a loan and he/she didn’t pay off the loan properly or isn’t paying Emi properly.

The procedure to correct or rectify a bad CIBIL score report is called CIBIL score repair. It is also known as the CIBIL score improvement process.

The person agency we contact to make our CIBIL score strong is known to be a credit score consultant or CIBIL score consultant.

CIBIL score repair is a new field. In the year 2000 credit bureau of India limited came into action or started functioning.  The in the year 2004 credit bureau services are launched in India.

 Next in 2006, the CIBIL bureau commenced its work.   In the initial stage, the CIBIL bureau wasn’t popular but it gained momentum in the year 2010. After this, each and every institution started to follow the CIBIL report before providing any loan to any customer.

 The customer didn’t face any problems in the beginning, but later on, the customer faced problems due to this CIBIL report. 

According to RBI, every credit institute has to send loan repayment statements of each and every customer on a monthly basis to four authorized credit bureaus. The four-credit bureau is:

1. Transunion CIBIL 

2. Crif high mark

3. Experian

4. Equifax.

RBI also instructed them to go through the CIBIL report properly before passing the loan to any customer.

Now a days credit institution also uses some kind of software which detects low CIBIL score and automatically rejects customers’ loan.

As you can see how low CIBIL score creates problems for customers at tithing of loans. Hence CIBIL scores repair agency gaining popularity.

 

Now a question might pop up in your head. Whether you should go for a CIBIL score report agency or not?

If you have ideas about loans and banking procedures, and you are good with computers, then you don’t need to go to any agency. You will be able to solve your CIBIL-related problem by yourself.

You will easily find videos related to CIBIL report reading, CIBIL report correction and how to increase your CIBIL score on YouTube.

The first thing you need to know is how to read your CIBIL and then find the error or issue which needed to be fixed.

If you don’t understand your CIBIL and if you don’t have enough time, then you can definitely go to any agency.

Now a vital question is how to choose a CIBIL correction agency.

First and the only thing you need to do is, you have to run a background check on the agency.

Because all agency is not good in terms of the service which they are providing.

Check their website, talk to them over the phone or an even better idea is to visit them in person, and see their review or any complaints against the company. Once you are sure about them, then start your business with them.

 

You should treat bad credit reports as a disease. Some disease gets cured easily and some take huge time and money. You need first understand how bad your CIBIL report is then you can choose the treatment.

There are times when your CIBIL score improved but not 100 percent. Improvement of CIBIL comes with its own limit and boundaries.

 

If any agency without looking at your CIBIL, gives you a 100 percent guarantee of fixing it 100 percent then that agency is faking it. Try avoiding this kind of agency. they might charge you but the result might be highly disappointing.

 I have many clients who came to me when their loans got rejected, asking for help.  They want me to fix their problem in no time. But the truth is some problems can be fixed in a month but the rest take huge time. So everyone needs to be patient. 

 

If you have any CIBIL score-related issues,  you can contact us. We are in this business for over a decade and we have many satisfied customer bases.

Read More:

 1. Improve CIBIL score from 0 to 750+     

2. CIBIL Repair

3. CIBIL  Score Repair Agency near me