Rebuild Your CIBIL Score Post-Settlement: A Legal Approach
A low credit score isn't just a number—it's a barrier to your financial dreams. Whether your score has dropped due to loan settlement, delayed payments, or identity theft, rebuilding it requires a strategic and legal approach. DebtCure provide the expertise to clean up your credit history and restore your status as a "bankable" citizen.
Why Your Credit Score Matters in India
In India, a CIBIL score below 650 can make it nearly impossible to get an unsecured loan or even a credit card. High-interest lenders might exploit your low score, leading to further debt. A healthy score (750+) ensures:
- Lower interest rates on Home and Car loans.
- Faster loan processing and approval.
- Pre-approved offers từ top-tier banks.
- Professional credibility for business owners and high-level executives.
Did You Know?
Nearly 1 in 5 Indian consumers has an error on their credit report that is negatively affecting their score. These include 'wrongly reported' defaults, 'cloned' identities, or closed accounts still showing as open.
Our 3-Phase Credit Restoration Plan
We don't just look at the score; we analyze every line of your CIR (Credit Information Report) from CIBIL, Experian, and Equifax to detect anomalies and legal violations by lenders.
We file formal disputes with the Credit Information Companies (CICs) and follow up with the banks' grievance cells to ensure incorrect entries are rectified within 30-45 days.
We advise you on the right credit mix, how to use secured credit cards as an 'anchor', and the importance of credit utilization ratios to boost your score organically.
Moving from 'Settled' to 'Closed'
A 'Settled' status on your report can be a red flag for many banks. Our legal team explores opportunities to negotiate with lenders for a secondary 'post-settlement' payment to update your status to 'Closed' (NOC), which is far more favorable for future loan eligibility.