VCFO Lite
Credit report (CIBIL) error correction and RBI complaint
What this means, checked by a CA
A wrong entry on your credit report can get a loan rejected. We find the error, raise a dispute with the bureau and the lender with proof, claim the RBI compensation of ₹100 a day if they miss the 30-day limit, and file a free complaint with the RBI Ombudsman if they still do not fix it. Reading the report is DAT-CRD-01; settled status is LON-CRD-03.
₹1,999
Event based, + 18% GST
- Delivered in Dispute filed within 2 working days of the report and loan papers; RBI resolution time varies
- Due: Lender has 21 days and bureau 30 days in all from the complaint; Ombudsman complaint within 90 days after the 30-day reply period or the last reply
How we do it: IDFD
Every case runs through the same four steps: Information, Discussion, Forms, Deliverables. You see each one ticked as it happens.
InformationWhat we need from you · 6 items
Latest credit report from each bureau
Shows the wrong entry
Loan NOC or closure letterOptional
Proof the account is closed
Repayment receipts or statementOptional
Disproves overdue amount
Loan account number and branch
Bureau needs it to route
PAN and ID proof
Identity for dispute
Dated copy of complaint to lender
Starts the 30-day clock
DiscussionWhat we discuss · 6 items
Is the account yours at all, or someone else's or a fraud?
Ownership dispute or data dispute
Which bureaus show the error?
Dispute with each bureau
When did you first complain, and to whom?
Compensation and Ombudsman timelines
Has the lender confirmed it reported the change?
Lender or bureau at fault
Was the loan settled, not closed?
Different remedy, LON-CRD-03
Is a loan application waiting on this?
Urgency and lender letters
FormsForms we file · 6 items
Pull reports from all four bureaus and list each error
Where: Bureau websites. Due: Day 1
Write to the lender's grievance cell with proof asking for correction
Where: Lender (email or portal). Due: Day 1
Raise an online dispute with each bureau showing the error
Where: https://www.cibil.com and other bureaus. Due: Day 1
Track: lender 21 days, bureau 30 days in total
Compensation = ₹100 x calendar days beyond 30 days until the corrected report is sent
Where: Internal. Due: Day 30
If not fixed or compensation denied, file a complaint with the RBI Ombudsman
Where: https://cms.rbi.org.in. Due: Within 90 days after the 30-day period or last reply
Check the corrected report and that compensation is credited
Where: Bureau and bank account. Due: 5 working days after resolution
DeliverablesWhat you get · 5 items
Error list and dispute IDs
When: Day 1
Lender complaint with proof
When: Day 1
Compensation claim letter
When: After day 30
RBI CMS complaint number
When: If unresolved
Corrected credit report
When: On resolution
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