Steps to Achieve Successful Loan Settlement: Addressing Bank Harassment
October 4, 2024
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Over the past few years, cybercrime has become a fast-emerging problem in the country. Nowadays, many people take loans or issue credit cards to someone without their knowledge. And to avoid such frauds, you must safeguard yourselves.
The fraud cases have increased in the digital era. In this regard, the government takes many steps to prevent such frauds. By the time the person comes to know about this loan, it’s too late.
Today, we are going to see how you can get such information of whether a loan has been taken or a credit card issued in your name or not.
Did you know that in 2021 alone, over 45,000 cases of loan fraud were reported in India, amounting to nearly ₹4.92 trillion? As cybercrime continues to rise, protecting your financial identity has never been more crucial.
You can easily know how many loans or credit cards are issued in your name by checking your credit report. Your CIBIL score will show how many loans or credit cards you have associated with your name, so it’s very easy to check.
For free, you can check your CIBIL score on several apps like CIBIL.com, Paytm, Google Pay, etc.
Step 1: Check out your CIBIL score here www.cibil.com
Step 2: From the home page, click on “Get Your Free CIBIL Score.
Step 3: Log in by filling in name, email ID, and password.
Step 4: After the login process, you have to choose your ID proof, enter your PIN code, date of birth, and mobile number.
Step 5: Once you have filled all this, click on “Accept and continue.”
Step 6: Now, OTP will be sent in your registered mobile number. So, enter that one.
Step 7: After entering that OTP, you will get a massage from your mobile.
Step 8: Then proceed further to the dashboard.
Step 9: Here, your CIBIL score will appear and you can also see how many loans or credit cards are issued in your name.
Also Read: [https://settlemyloan.in/everything-know-loan-settlement-loan-provider/]
Having wrong loans or credit cards on your CIBIL report can cause problems like:
If you detect an irregularity in your CIBIL score, then immediately contact the credit bureau and lender asking them to rectify it as quickly as possible.
In today’s digital world, safeguarding your financial identity is essential. With loan scams on the rise, being proactive about monitoring your credit report can help you detect unauthorized activities early. By regularly checking your CIBIL score and understanding how to manage your financial information, you can protect yourself from falling victim to fraud. Remember, knowledge is power—stay informed and take action to secure your financial future.
If you believe you have been contacted by a scammer, do not share any personal or financial information. Report the incident to the nearest cybercrime police station and inform your bank immediately. Provide any evidence you have, such as call recordings or screenshots.
Yes, it is possible for someone to fraudulently obtain a loan using your personal information, such as your PAN card or Aadhaar details. This is known as identity theft. Regularly checking your credit report can help you detect any unauthorized loans in your name.
To safeguard yourself, only apply for loans from RBI-registered lenders with a legitimate website and physical address. Be wary of unsolicited loan offers, upfront fees, and lenders who do not conduct credit checks. Avoid sharing sensitive information like your password or bank account details.
Red flags include lenders who are not registered with the RBI, have no physical office, offer guaranteed approval without checking your credit, demand upfront fees, or provide limited-period schemes with very low-interest rates. If the offer seems too good to be true, it likely is.
If you have paid any fees to a scammer, immediately inform your bank and file a complaint with the cybercrime police. In some cases, banks may refund the money if you report the fraud promptly and there is no fault on your part. However, recovering funds from scammers can be challenging.
To report a loan scam, file a complaint at your local cybercrime police station and provide any relevant evidence. You can also lodge a complaint with the RBI Ombudsman if the scam involves an RBI-regulated entity. Additionally, inform your bank about the fraudulent activity.
We can negotiate your settlement so that you become debt free, in most cases without it affecting your credit score.