Credit Sudhaar continues to mislead people with 'free credit score'
Remember Credit Sudhaar, the firm that used to charge money for improving one’s credit score? It is now claiming to provide ‘free credit score’ that too when neither CIBIL nor Experian India nor Equifax gives free credit report 
Credit Sudhaar Services Private Ltd, the so-called 'credit health improvement' has come up with another idea to mislead people. Its new idea is called 'Free Credit Score' and promises to provide 'credit rating absolutely free'. What is more shocking is the page title of its website, says "Free CIBIL Score Online" to attract more people who are looking for their credit reports and score. Another issue with Credit Sudhaar is constant bombarding through SMS. But more about it later.
There are four credit information companies in India cleared by the Reserve Bank of India (RBI). Three of them give credit reports, which have details of one's borrowing. They are CIBIL, Experian and Equifax. The fourth is in a transition process. Most importantly, none of them gives free credit report and charges certain fee for the reports (Rs138-Rs142). Credit score costs more money, with CIBIL charging Rs470 for the same.
So how come Credit Sudhaar is providing free credit reports? The truth is Credit Sudhaar is actually providing 'Credit Score Estimator', its new product, which simulates the estimated range of credit score with personalised product recommendations from the company. Credit score and report are different from credit score estimates and credit health report, both brainchild of Credit Sudhaar.
Credit Sudhaar claims to provide CIBIL score and report online. However, Credit Information Bureau (India) Ltd or CIBIL has once again categorically denied any relations with Credit Sudhaar. In an email reply, a senior official from CIBIL said, "We would like to inform that CIBIL does not have any tie-up or association with Credit Sudhaar or any entity offering credit counselling service."
The question, therefore, is how Credit Sudhaar claims to provide free credit score/report online? Two years ago, Moneylife pointed out how Credit Sudhaar was accessing CIBIL reports using Safe Capital, an NBFC and Dipran Finance Pvt Ltd. In an email campaign in 2013, Credit Sudhaar was asking to become its members by paying an annual fee of Rs16,000 (earlier it used to ask Rs10,000 for the same job at CIBIL Market Place) to “restore, enhance and protect” one’s credit.
Credit Sudhaar Finance Pvt Ltd, a Credit Sudhaar group entity says it is a specified user and is authorised to obtain credit information about borrowers from credit information companies.
However, when pointed out that its name is again being used by FreeScoreIndia, CIBIL has no answers.
Credit Sudhaar also offers credit health report (CHR) service that allows it to assess credit worthiness of and provide credit report to borrowers, clients and customers. Under the terms and conditions on, (it was there till Tuesday but not on Wednesday!), Credit Sudhaar Finance, says, "The Client understands that there will be a one-time payment. The details of the plans being offered by the Company, the specification of the services available and the fees payable for availing these is provided by the Company on the website – from time to time."
Coming back to the SMS harassment, this is happening because people are mandated to provide email, mobile number and chose one from four reasons for seeking own credit score. All four reasons are related with giving Credit Sudhaar a chance to target the customer. 
MS Rao, one of the readers of Moneylife, has been bombarded with SMS from Credit Sudhaar. He says, "I am getting unsolicited repeated SMSs from freecreditscore India. These SMSs are irritating. I have a very high score from CIBIL. Without even caring to verify, the team sends SMSs in the hope of getting business. Pls stop the harassment."



B. Yerram Raju

2 years ago

I am no less victim of this fraud company Credit Sudhar. This company repeatedly asks for all the details of PAN, pass port photo, usual KYC details and when you actually post would not carry them but asks for them through repeated SMS until they realise that they would not get it from me.

RIL challenges Oil Ministry taking away five KG-D6 gas finds

RIL said the October 2013 order breached its right to retain the fields and the time for approving these discoveries 'never expired' as the Management Committee, had agreed to a phased approach for their development


Reliance Industries Ltd (RIL) has slapped an arbitration notice challenging a decision by Ministry of Petroleum & Natural Gas (MoP&NG) to take away 814 square kilometres of its eastern offshore KG-D6 area that contained five gas discoveries.
As per norm of giving up non-discovery area, RIL had in 2013 offered to give up 5,385 sq kms out of a total 7,645 sq kms area in Krishna Godavari (KG) basin KG-D6 block. But the Ministry on 30 October 2013 ordered 6,198.88 sq kms of total area to be taken away as the time allocated for producing from these had expired.
On 14th January, RIL challenged this order stating the 814 sq kms of additional area that the Ministry had taken away contained five gas discoveries holding close to 1 trillion cubic feet of reserves.
Sources said the company in the notice demanded that the dispute on taking away the area be referred to arbitration, the relinquishment order be withdrawn and compensation be paid for breach of contract by the government.
As per norms, a contractor is allowed to retain only that area where discoveries have been made. But in case of KG-D6, the Directorate General of Hydrocarbons (DGH) ordered larger area to be taken away as RIL had allegedly failed to develop the finds within the stipulated time-frame.
RIL in the notice has said that the October 2013 order breached its right to retain the fields and that the time for approving these discoveries 'never expired' as the block oversight panel, called the Management Committee, had agreed to a phased approach for their development.
The company claimed that the order was based on the "erroneous premise" that it had failed to submit a development plan for these fields.
"In fact, the contractor had submitted the field development plan for all nine satellite discoveries (including the Second Phase Satellite Fields), and it had never withdrawn the FDP," RIL wrote to the ministry.
The ministry, however, believes that RIL had passed the timelines for submitting appraisal and field development plans and that there was no provision in the production sharing contract to extend the appraisal period.
Sources said the ministry plans to reject the arbitration notice as the timelines for developing the five discoveries -- D4, D7, D8, D16 and D23, had lapsed and no development plan was submitted.
Also, RIL did not submit declaration of commerciality for D-5 and D-18 discoveries, the period for which has also expired, they said.
RIL and government are locked in two arbitration cases over the KG-D6 block -- one pertains to $1.8 billion in cost being disallowed for gas production not meeting targets and the other over government deferring gas pricing guidelines.


Anonymous takes down 800 Twitter accounts linked to IS

Hacking group Anonymous had declared war against Islamic extremists and last month had warned that they would take down all their websites and social media networks


Hacking group Anonymous has claimed responsibility for taking down 800 Twitter accounts, 12 Facebook pages and over 50 email addresses as they were linked to Islamic State (IS) terrorist group.
According to CNN, Facebook said that it had shut down 11 out of 12 pages listed by Anonymous because they breached its rules. However, Twitter has not yet commented on the issue.
Facebook declined to comment on whether the company was alerted by the hackers about the offending content.
Last month, Anonymous group had declared war against Islamic extremists and said in a YouTube video that they would take down all their websites and social media networks.


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