Credit Report 1 Day Overdue

[romurdo]

AU Bank reported to Experian for paying 1 day late. Probably to CIBIL also but didn't check yet.

Due date 15 Mar.
Paid date 16 Mar.
Previous Score 762
Current 697
Minimum amount due Rs 427

They sent an auto generated mail on 25 Mar that they have done this as per "RBI guidelines". Is this correct? I read somewhere that RBI gives 3 days Grace Period.

They haven't even charged late fee just reported to credit bureaus. I was 1 day overdue once in the past also with another bank but none of these happened then.

Question: Should I file dispute with Experian and/or Cibil or should I ask the bank to show the RBI guidelines they are referring to and tell them to remove the report.

I am really sad. Was planning on taking a home loan soon for but now that won't be so easy.

 

[SSV]

AU Bank reported to Experian for paying 1 day late. Probably to CIBIL also but didn't check yet.

Due date 15 Mar.
Paid date 16 Mar.
Previous Score 762
Current 697
Minimum amount due Rs 427

They sent an auto generated mail on 25 Mar that they have done this as per "RBI guidelines". Is this correct? I read somewhere that RBI gives 3 days Grace Period.

They haven't even charged late fee just reported to credit bureaus. I was 1 day overdue once in the past also with another bank but none of these happened then.

Question: Should I file dispute with Experian and/or Cibil or should I ask the bank to show the RBI guidelines they are referring to and tell them to remove the report.

I am really sad. Was planning on taking a home loan soon for but now that won't be so easy.

View attachment 92049
View attachment 92050

Contact bank and request them to remove the delayed payment citing the 3 days grace period..
.
.
Best practice: Always pay atleast the MAD soon after the bill generation so that even if it was forgotten later the cibil score won't be damaged..

 

[Bhauka23]

Contact bank and request them to remove the delayed payment citing the 3 days grace period..
.
.
Best practice: Always pay atleast the MAD soon after the bill generation so that even if it was forgotten later the cibil score won't be damaged..

I am suffering a lot bcz of Shriram finance ltd.. every month they report 1 day late payment even though amt is auto debited on 10th every time... And every time I have to request Shriram guys to send correct report to credit bureaus. Though it takes almost 10-12 days to rectify, during which time my CIBIL score reduces to 719 from 780..

I'm fed up of them and even raised complaint with RBIO, which they closed without even investigating.. Though they asked Shriram to send correct details..

Is there anything else I can do so they report correctly..

 

[Mr. BeanMr. Bean is verified member.]

@Bhauka23 Everyone's issue could be unique. Please open a new thread under https://www.technofino.in/community/forums/credit-score.14/ to get more visibility and answers. This new member section doesn't usually get as much visibility as others (except from new members).