CitiFinancial Consumer Finance - wrongly communicated my credit history to CIBIL with respect to my Auto Loan A/c
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Complaint by: B V SATYANARAYANA on June 24, 2011, 12:50 pm in Banking and Finance

Initially this was an auto loan taken on 02-04-2001 for my earlier car No: AP32B 228 subject to Hire-Purchase agreement.

Only after receiving the total payment by CITIFINANCIAL, from me in JUNE-2004, the CITIFINANCIAL had issued me the NOC. Subsequently my car AP32B 228 was sold in JUNE-2004 itself, after hypothication lift by RTA authorities, Visakhapatnam.

However in my recent CIBIL report, the details (certified and sent to CIBIL by CITIFINANCIAL) of my loan A/c No:364291 is appearing, as follows -

Account No: 364291, Control Number: 4******** date: 05-05-2011, Date opened: 02.04.2001, Date closed: 11.06.2004, Date reported: 20.06.2006,
Ownership: Individual, Current balance: 1,33,560/-

The current balance appearing as above is unjustifiable as I had paid the total amount in JUNE - 2004 as a preclosure, which in turn leading to have lesser CIBIL score of mine, affecting other loan approvals.

Complainant's Goal: I want the Current balance of my loan A/c No:364291, should be zero in my CIBIL
Complainant's Target: CitiFinancial Consumer Finance
Complaint Location: IndiaBiharPatna
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2.
Tue, 12 Jul 2011  Rectify Credit

Dear Mr B V Satyanarayana,

We are a company called 'Rectify credit'. We can help you in resolving the issues related to CIBIL. For more information visit us at 'www.rectifycredit.com'.
Or contact us on ********58/57

1.
Fri, 24 Jun 2011  Message from iComplaints.in Helpdesk

An email communication has been sent to CitiFinancial Consumer Finance on June 24, 2011, 12:50 pm