Before applying for home loan, I just checked my credit score at CIBIL. Its showing score of 638.I suspect that this is due to a outstanding due from standard chartered back credit card which was issued in 2004 and last payment was made in 2005 March. I am not aware of any outstanding and not aware when or if bank tried to contact me. I continued to live at same address in Mumbai till 2006 July. Its inconceivable that I would have willfully not paid or bank tried to make any serious attempt to contact me.
I have written to bank about it and asked for details. Meanwhile, I am keen to get my score improved as its causing unnecessary anxiety. I need a solution asap so that I can close the purchase soonest possible. I would apply loan for not more than 2 times of my current yearly earnings.
Sucheta Dalal Trustee - Moneylife Foundation
Abhay Datar Abhay Datar is a consumer activist and is also Member of the Managing Committee of Mumbai Grahak Panchayat (MGP). He was Treasurer at MGP for over two and a half years. After working at Bank of Baroda for about 29 years, he retired as IT Manager. After retirement, Mr Datar joined Consumer Guidance Cell of MGP in 2008 and solved many cases related to banking including online fraudulent transactions, misuse of credit cards and ATM cards. Also handled cases related to mobile and mediclaim. Mr Data
Suresh Prabhu Mr Prabhu retired as Senior Vice President from HDFC Bank
R Bhuvaneswari After serving Bank of Baroda for almost 40 years, Ms Bhuvaneshwari retired as Chief Manager in 2013.
Yogesh Sapkale Yogesh Sapkale is Deputy Editor of Moneylife and writes on finance, credit related issues
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