Lazypay reported reversed cashback as overdue amount in Experian

[Anon1]

Overdue amount was reported from lazypay with 0 days (check attached screenshots), this overdue amount is mostly for cashback reversal which they have tricked us (knows lazypay users).

I have closed lazypay account on this month and also reflected as closed in cibil without any overdue amount.

Hence because of this overdue amount, my Experian score was dropped to 716 (checked on dec 16) from 835 ( checked on dec 15), I have requested lazypay to remove overdue but they denied.

Only change in my credit report within 1 days is - this overdue amount of lazypay only.

1. Any other way to bring back my Experian score to 835?
2. Is overdue amount impacts score ?

 

[rp0703]

Overdue amount was reported from lazypay with 0 days (check attached screenshots), this overdue amount is mostly for cashback reversal which they have tricked us (knows lazypay users).

I have closed lazypay account on this month and also reflected as closed in cibil without any overdue amount.

Hence because of this overdue amount, my Experian score was dropped to 716 (checked on dec 16) from 835 ( checked on dec 15), I have requested lazypay to remove overdue but they denied.

Only change in my credit report within 1 days is - this overdue amount of lazypay only.

1. Any other way to bring back my Experian score to 835?
2. Is overdue amount impacts score ?

Did you made payment for reversed cashback?

 

[Anon1]

Did you made payment for reversed cashback?

Yes made payments after bill generation.

And in lazypay made all payments on time and enabled automatic payments also. So no chance to delayed payment.

 

[rp0703]

Yes made payments after bill generation.

And in lazypay made all payments on time and enabled automatic payments also. So no chance to delayed payment.

Same they did to me. Yours get resolved?

 

[Anon1]

Same they did to me. Yours get resolved?

No. Is your score also effected?

 

[rp0703]

No. Is your score also effected?

Dropped from 818 to 756

 

[rp0703]

No. Is your score also effected?

did you mailed them or called them ?

 

[Anon1]

did you mailed them or called them ?

I mailed to second level but still no use.

Carehead@lazypay.in

 

[Anon1]

did you mailed them or called them ?

In my case, I have already closed lazypay so they denied my request to remove overdue amount by saying your loan account was already closed.

Try from your end, you may get positive response.

 

[rp0703]

In my case, I have already closed lazypay so they denied my request to remove overdue amount by saying your loan account was already closed.

Try from your end, you may get positive response.

I have also closed my lazypay account. But in cibil/experian it's showing open.

 

[Rahul Gupta]

after reading your guys chat, i am gonna close my lazypay account asap.

 

[rp0703]

after reading your guys chat, i am gonna close my lazypay account asap.

First check your credit report, see if everything is ok. then close it.

 

[rp0703]

In my case, I have already closed lazypay so they denied my request to remove overdue amount by saying your loan account was already closed.

Try from your end, you may get positive response.

did they reported in CIBIL also?

 

[Anon1]

did they reported in CIBIL also?

In Cibil it is closed, no late or Overdue amounts.

 

[rp0703]

In Cibil it is closed, no late or Overdue amounts.

In my CIBIL it's still open. Now I'm worried if they reported same in CIBIL then my cibil might go down quite significantly.

 

[Anon1]

after reading your guys chat, i am gonna close my lazypay account asap.

did u used lazypay cashback of 250 in October month?

 

[Max]

In my CIBIL it's still open. Now I'm worried if they reported same in CIBIL then my cibil might go down quite significantly.

Typically an update in CIBIL might take 30+ days - maybe that’s the reason why you aren’t seeing updates yet. Every Credit provider has a cycle of reporting to CIBIL.

 

[Rahul Gupta]

did u used lazypay cashback of 250 in October month?

yes i did

 

[Anon1]

yes i did

Then don't close wait for oct 31 update from payu to your credit reports and see if any overdue amount then ask them to remove and then close your account

 

[rp0703]

yes i did

Then don't close wait for oct 31 update from payu to your credit reports and see if any overdue amount then ask them to remove and then close your account

I don't think 250 CB is problem. I also got Rs. 250 CB in August. Problem is Rs. 100 CB received in September.