Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

CIBIL-List of defaulters

Prakash (Manager Accounts) (117 Points)

25 August 2009

What is CIBIL?

How one can come out from the list of defaulter ?

Reply
Follow
Share

3 Replies

N.Naveena Maheswara Rao (Assistant manager for accounts) (1096 Points)
Replied 26 August 2009

CIBIL means credit information bureau india(pvt.).ltd.

CIBIL defaulter list is a list of all the people with default histories.

It is divided into two groups:

Defaulters of Rs 1 crore and above
Defaulters of Rs 25 lacs and above and who have mad this defaulter by their own will.

All these people have suit filed against them by the banks to which they have not made the payments. All this information is provided to the credit bureau by various member banks and financial institutions following the directions of RBI. As soon as a bounce in the payment is reported, the banks get the information updated in the defaulter list of CIBIL.

The Defaulter List contains:

Name of the director’s of the companies in whose name default has been made and case has been filed by the bank.
Names of Financial institutions and state financial corporations looking for recovery of the amount they have lent to the borrower.

This list is available on the website of CIBIL and can be viewed by everyone. The credit bureau is not responsible for the accuracy and authenticity of the information as this information is provide to bureau by the banks and other members. One can approach the concerned institution from which his loan or card is running, if there is some fault in his status for all the clarifications.

Tips To Remove Your Name From Defaulters Database

Here is how you can remove your name from CIBIL Defaulter Llist:

First you should pay the entire amount pending on your account and ask for a no due certificate from the bank. You can also get a settlement done if the amount is too big. Many times the banks and other financial institutions settle a big default in less payment as full and final.
Opt for any of the above mentioned options and take a no due certificate form the bank and then ask your lender to get the information updated in the CIBIL, so that the bureau gets your name removed from its defaulter list.
You can file a complaint against your bank, if no action has been taken for 15 days. Once the bank has settled on an amount to be paid as full and final and have issued you a no dues certificate, the bank should on it’s own update this information with CIBIL. But if this has not been done even after a request from your side, legal action can be taken.
Approach CIBIL directly and sent a copy of the certificate issued to you to the credit bureau. Ask the department to remove your name from the defaulter list because you no more have any pending dues on your account.

Upgrade to CAclubindia Pro. Subscribe Now!

hitesh (accountant) (22 Points)
Replied 07 December 2009

sir,

i need my cibil status

my name is hitesh agarwal, from pali-marwar

address : - 347, rajat vihar colony, behind mahalaxmi petrol pump, college road, pali-marwar (raj.) 306401.

Silki Garg (.) (30 Points)
Replied 25 September 2012

Please understand that CIBIL does not publish any such list like CIBIL Defaulter's List. It only calculates your credit score based upon the your past credit profile. You need to maintain clean credit history to get a good CIBIL score.

Found a good source here...

https://loancalculators.in/cibil-defaulter-list-remove-list-defaulters/