Loan & Advance Disputes (CIBIL Errors & Harassment)
Legal remedy for **incorrect credit reporting (CIBIL)** and action against **coercive or intimidating harassment** by recovery agents.
We restore your financial reputation and compel banks to cease illegal recovery practices immediately.
Why Filing a Case is Crucial
Legal action is the most effective way to compel a bank to rectify severe errors in CIBIL reports, which can otherwise cripple your future borrowing capability. It also serves as a critical defense against illegal harassment by recovery agents.
Key Benefits of Legal Action
Reputation and Future Credit: Compelling the bank to issue a no-dues certificate and rectify CIBIL errors.
Stop Harassment: Legal action forces the bank to cease all illegal recovery practices immediately.
Securing compensation for financial loss, costs incurred, and emotional distress.
Drafting a petition seeking a mandatory injunction to rectify the CIBIL record.
Pre-requisites for Filing a Case
You must establish a clear paper trail before escalating the dispute:
Formal Complaint: Detailed written complaint to the bank/NBFC's Nodal Officer and the CEO (for harassment cases).
Documentary Proof: Copies of the loan agreement, payment receipts, credit information reports (CIBIL/Equifax), and evidence of harassment (call recordings, WhatsApp messages, police complaints if any).
Waiting Period: Must wait for 30 days for the bank's response before escalating.
Lawizer Deliverables
Legal Strategy & Petition: Drafting a petition for the Consumer Commission or the RBI Ombudsman.
Notice to Credit Bureaus: Issuing notices to CIBIL and other bureaus along with the bank.
Compensation: Securing compensation for financial loss and emotional distress.
Frequently Asked Questions
Disputes over incorrect or erroneous reporting of loan status (e.g., 'Settled' shown as 'Written Off' or 'Defaulter') which severely damages the consumer's creditworthiness.
Cases involving coercive, intimidating, or inappropriate behavior by the bank's internal or external Recovery Agents, in violation of RBI's Fair Practices Code.
An incorrect CIBIL score can cripple a consumer's ability to get future loans (home, car, education). Filing a case compels the bank to rectify the error and restore financial reputation.
We draft a petition for the Consumer Commission or the RBI Ombudsman.