CIBIL Reporting Delay

[seraph]

I have an IDFC Wealth Credit card.

The outstanding dues in August were approx 1 Lakh. The due date was the 5th of September & the full payment was done on the 3rd of September.

The next bill has been generated by IDFC but CIBIL still shows the old outstanding amount due to which my CIBIL score has fallen.

I called up IDFC but they said it was normal not to report to CIBIL for up to 45 days. They've asked me to wait till the 18th of this month.

Is this correct ?

 

[SaiyamK]

IDFC Reports to CIBIL at month end. So in your case you paid on 3rd of the month. To avoid this try to settle your dues before month end so low utilization would be shown on CIBIL.

 

[seraph]

While that's true its been more than a month ( almost 42 days today) & they still haven't updated CIBIL.

Mailed them & they said that they have 45 days to update CIBIL.

Lets see what happens on the 19th of this month.