Guidelines for updating cibil score if the late payment charges are reversed..

[chiggybansal1]

I need help regarding the guidelines of RBI, Like if the bank reverse the charges of late payment and finance charges on credit card, Can we ask bank to suppress or update the cibil report and remove the negative details. I didn't find any details for the same. Your advise will be appreciated. Bank name iis SBI, Axis and Amex.

 

[chiggybansal1]

@DocFixIt @walterwhite @bhavyegoel @VISHESH_BANSAL @S S V

 

[Vasuki]

I need help regarding the guidelines of RBI, Like if the bank reverse the charges of late payment and finance charges on credit card, Can we ask bank to suppress or update the cibil report and remove the negative details. I didn't find any details for the same. Your advise will be appreciated.

Context !
Is necessary ..so is bank name involved

 

[CMG]

I need help regarding the guidelines of RBI, Like if the bank reverse the charges of late payment and finance charges on credit card, Can we ask bank to suppress or update the cibil report and remove the negative details. I didn't find any details for the same. Your advise will be appreciated.

Is this due to bank's mistake?

 

[chiggybansal1]

Is this due to bank's mistake?

No, this was from my side due to late payment.

 

[Vasuki]

No, this was from my side due to late payment.

Tell us more like which bank & it was late payment or just some overdue

Bank can remove your charges bcz bank control it & based on relationship it gives wavier

But if u had done late payment ( your fault )
Then bank is complelled by RBI to report to cibil
Something which bank can't do about even if how hardly they want to help you .

But if it was bank problem .. its a different ball game altogether

 

[CMG]

No, this was from my side due to late payment.

Then there is nothing to do. If it gets reflected, you can request the bank to remove. Sometimes they do remove it. Atleast HDFC is good in this regards.

 

[Vasuki]

Then there is nothing to do. If it gets reflected, you can request the bank to remove. Sometimes they do remove it. Atleast HDFC is good in this regards.

Icici is worst in this regard ..so is idfc

 

[SSV]

I need help regarding the guidelines of RBI, Like if the bank reverse the charges of late payment and finance charges on credit card, Can we ask bank to suppress or update the cibil report and remove the negative details. I didn't find any details for the same. Your advise will be appreciated. Bank name iis SBI, Axis and Amex.

I don't think, there is any RBI guideline with respect to updating the DPD( Delayed Payment Days) after reversing the delayed payment fees.
It is at the discretion of the Bank just like reversing late payment fees.
So, don't expect them to enforce some undefined rule on the Banks side and instead advised to request them to remove the delayed payment status as a gesture of goodwill for your continued strong relationship...
All the best...

 

[Vasuki]

I don't think, there is any RBI guideline with respect to updating the DPD( Delyaed Payment Days) after reversing the delayed payment fees.
It is at the discretion of the Bank just like reversing late payment fees.

You r early ..trip over ?

 

[Zacobite]

I need help regarding the guidelines of RBI, Like if the bank reverse the charges of late payment and finance charges on credit card, Can we ask bank to suppress or update the cibil report and remove the negative details. I didn't find any details for the same. Your advise will be appreciated. Bank name iis SBI, Axis and Amex.

yes ofcourse.. it usually happens automatically in the next update to cibil.. but if it doesn't you have to get it done.. only if it was not overdue.. if it was late and inly fees were reversed then no.

 

[SSV]

On my way back to Hyderabad and in Orange VB now...

You r early ..trip over ?

 

[Vasuki]

On my way back to Hyderabad and in Orange VB now...

@techt he got into trains too 🙃

 

[Vasuki]

On my way back to Hyderabad and in Orange VB now...

Orange looks the tad best

 

[SSV]

Orange looks the tad best

I think it’s a slightly modified version of blue.. a very slight difference though..

 

[chiggybansal1]

Tell us more like which bank & it was late payment or just some overdue

Bank can remove your charges bcz bank control it & based on relationship it gives wavier

But if u had done late payment ( your fault )
Then bank is complelled by RBI to report to cibil
Something which bank can't do about even if how hardly they want to help you .

But if it was bank problem .. its a different ball game altogether

it was due to SBI charged renewal fees of 590 and I didnt paid that and later charged late payment fees, then i called them for reversal of both charged which they did but it got reported in cibil. In another Scenario, my bill was due on 26th nov in gold charge amex which i paid partially and new statement came on 8th december payment was in lakh and by 12th dec my all amex got blocked due to this and I made payment on 15th dec, 2023 after which they got unblocked, this was done as I could not managed my funds on time that time once. I was charged 12,390 and my gold charge fixed my universal limit to 75,100 which initial was 4 lakhs+, Can something be done in this as I once tried it even to the PNO.

 

[Vasuki]

I think it’s a slightly modified version of blue.. a very slight difference though..

I like orange .. in aeroplane too but they all paint white for less weight on plane

 

[chiggybansal1]

I think it’s a slightly modified version of blue.. a very slight difference though..

What am I missing guys? kya baatein kr rhe ho aap sbhi..

 

[Vasuki]

was due to SBI charged renewal fees of 590 and I didnt paid that and later charged late payment fees, then i called them for reversal of both charged which they did but it got reported in cibil.

This happened with your father right?? Or maybe it was another user .

If u have set up pin and was fighting for fyf or Ltf .you can have genuine case for removal from cibil as it was jf & no transction on the ongoing dispute .
Or ask for card closure bcz u never used it ..

What did sbi said in this regard .are you continuing the card

 

[Vasuki]

In another Scenario, my bill was due on 26th nov in gold charge amex which i paid partially and new statement came on 8th december payment was in lakh and by 12th dec my all amex got blocked due to this and I made payment on 15th dec, 2023 after which they got unblocked, this was done as I could not managed my funds on time that time once. I was charged 12,390 and my gold charge fixed my universal limit to 75,100 which initial was 4 lakhs+,

If u have paid minimum amount due .
Which is 10% or less
Amex should not report to Cibil as late payment but rather as overdue in that month