Cibil Consultant / Credit Repair Agencies / Cibil Clearance Service in Mumbai



 

We provide the services in Mumbai and all across the city and we give simple solution to your credit problems.
 

Credit Card Mistake Can Cost You A Lot Of Money:

I see it all the time.People want to help a Family or Friend in financial trouble. Or they want to build a good credit history so he or she give Credit Card to their friends and Family member to buy Consumer durable or any purchase.

Nearly half of current or former credit cardholders say they have let someone else use their credit card, according to a new survey by Millennium Credit Solutions.

And it doesn’t end well for a lot of these folks. In fact, 35 percent of survey participants suffered negative consequences. People overspent on their card (19 percent), they weren’t repaid (14 percent) or their card was lost, stolen or never returned (10 percent).

“You really are playing with fire when you let someone else use your credit card, so proceed with caution,” said senior industry analyst Sayeeda Shenaz for Millennium Credit Solutions. “Whether they spend more than you anticipated, don’t pay you back or you never see the card again, ultimately, you are the one who is responsible.”

“Solve your CIBIL Problems and Enhance your CIBIL Scores with us in Mumbai”

CIBIL Score is the powerful tool for Banks; As the Banking industry is facing a lot of mishaps due to BAD LOANS. (Remember Vijay Mallya. Now the first thing you want to do is googling what the CIBIL Score of Vijay Mallya is.)

Now Banks becomes more careful while lending and to mitigate future losses Bank only lend after checking the CIBIL report. Apart from the loan approval, your Good CIBIL Score helps you in getting better interest rates. It will also ensure that you get lesser insurance premiums.

If your CIBIL Score is not good, then you better be more responsible towards your financial life. The responsible use of credit, avoid bulk repayments and availing an optimum number of credit cards is what you should change in your behaviour. The CIBIL database is updated by banks regularly (monthly).So you always have a chance to improve your CIBIL Score.So always be careful using your Credit Cards.

Clean Up Your Own Credit Report

You should consider the following questions before jumping into cleaning up your credit by yourself:
  • Am I prepared to do a lot of research and learn the methods of credit repair?
  • Do I have the time and commitment to follow this to completion?
  • Do I feel comfortable negotiating with collectors?
If you want to jump into do-it-yourself credit repair, This is a good place to start if you decide to make the leap and clean your own credit report.

Have A Professional Clean Up Your Credit Report

Your other option of course is to let a professional credit repair company handle repairing your credit. This option is best for people who just want to be done with the whole thing.
There is usually a fee for this, but it’s not bad, relatively. Also, Our credit repair companies offer you a free consultation where they will go over your options. If you’re looking for somewhere to start, I suggest you check out Millennium credit solutions. We’ll take care of you. Give us a call at 9535061366 or Check out their website.

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Personal Loan For Cibil Defaulters In Mumbai

Trying to take a loan is a nightmare for most of us in any situation and, coupled with a bad credit score or CIBIL score, it promises to be a hellish experience for everyone involved.

Mumbai – the commercial, financial and entertainment hub of India – is also one of the wealthiest cities in the country. It generates over 6 per cent of India’s GDP and is also among top commercial centres globally.

For Mumbaikars, consumer durables such as air-conditioners, refrigerators, built-in ovens and microwaves are not luxury but a necessity. Though the average salary is high, still people find that their earnings are less as compared to their expenditure. To meet the shortfall, banks and other financial institutions offer personal loans at competitive rates and flexible tenure.

Generally, people prefer personal loans to meet expenditures on renovation of home, medical emergency, marriage functions and festivals as they get a lump sum on credit without any hassles and get flexibility in repayment.

Many people plan vacation to foreign destinations which can be very expensive and may burn a deep hole in their pocket. In such a situation, they avail personal loans to meet the expenses and then repay the loan in easy EMIs. 

The star studded city of Mumbai is the “Financial capital of India” that houses Bollywood’s major film production companies, national stock exchange, seaports and headquarters of some of the biggest multinational conglomerates. It is a flourishing cosmopolitan metropolis that has well-utilized the idea of living on credit. Thus, a huge segment of population of Mumbai has a need for personal loans.

Considered a highly cosmopolitan city with a very diverse population consisting of Indians and Expatriates from all over who are seeking a better life and pursuing their dreams of getting rich.

The Chatrapati Shivaji Terminus (CST) is a true sign of Victorian architecture. It would be very stereotypical to regard Mumbai as the New York City of India, but it is the City of Dreamers who believe in themselves and work hard day in and day out.

It's also a highly densely populated city with over 20.7 million people residing within its boundaries limited coastal boundaries. The working class in Mumbai is considered its backbone and comprises Movie Artists, TV Artists, Upcoming Directors, Musicians, Performing Artists, Doctors, CAs, Economist, lawyers, Engineers, etc.

It contributes greatly towards India's GDP and also comprises of some of the world's most expensive real estate. In fact, Mumbai has one of the highest cost of living benchmarks in India and its young and professional population is in constant need of financial products to ease any constraints.

A personal Loan is Required For An Immediate Solution To The Financial Requirement.

Some of the Purposes for which Personal Loan can be applied:

  • Personal Loan for a Wedding in the House.
  • Personal Loan for an uncertain medical expense.
  • Personal Loan for renovating your House.
  • Personal Loan for a Family Vacation
  • Personal Loan to set off Credit Card bills
  • Personal Loan to make up for the time being period when in between jobs

If you are in Mumbai and looking for a Personal Loan then you are at the right spot.

CIBIL Defaulter in Mumbai

The most common reasons for the denial of personal loan is when the applicant is a CIBIL defaulter. This means that such a person has previously defaulted the loan or delayed the EMIs or has too many loan payments balance resulting in a low CIBIL score. And such individuals are said to be CIBIL defaulters by banking institutions and personal loan application are straight away rejected by the credit lenders. Your CIBIL score shows whether you are creditworthy and eligible for loan or not. The low CIBIL score makes the banking officials think that you are likely to default payment in the future.

Defaulters! The word is very dangers for all which can change your financial life anywhere in India. Actually no one want to be defaulter, it happens either in bad circumstances or sometimes due to system errors. These errors might occur due to some wrong entry or delayed entry in system. The important point to be noted is that, banks should intimate customers before they share any data with the CIBIL. It should also recall the name of the customer from CIBIL database if he/she justifies the transaction or provide technical evidence to the loan provider bank. As we know, a healthy CIBIL score gives maximum opportunity for instant loans.

Is Personal loan for CIBIL defaulters In Mumbai possible?

Opting for secured personal loan

There is a way to get the personal loan complete information if you are a CIBIL defaulter. You can keep your assets, equities, fixed deposits, gold as collateral with the bank. Bank will consider offering you the personal loan without even checking your CIBIL score.

Raise your income or salary

If you had previously not paid the EMIs on time, your credit score must have gone low. But if you find a job where you get high income and discuss this with the bank, then they will grant you a personal loan.

Get loan in the name of another person in the family

A person can even take a loan in the name of his family members. For example, if a husband does not qualify for personal loan eligibility then he can simply take the loan in the name of his wife. Only if his wife has good repayment history with a good CIBIL scores with the bank.

Loan from private companies

There are many private companies which offer personal loan without verifying the CIBIL score. However, in return, they charge very high-interest rate. But this is another good way to get a personal loan.

Therefore, you do not have to worry even if you are a CIBIL defaulter because the above-mentioned ways to get a personal loan will help you get a personal loan approved for you by the banks and you can fulfill your instant financial requirements. However the CIBIL score can become better with mortgage.

Here We Share Few Things Which Will Prove Useful To All Our Customers To Stay Away From Being Defaulters Of personal Loan In Mumbai:

Read Carefully all Loan Documents: 

Before applying for any loans, read all the loan application related documents very carefully. Get a Xerox copy of all the duly filled application documents and keep it with you.

Fill the Entire Details in your Presence: 

Self fill all the loan disbursal documents, agreement as far as possible or ask the loan provider bank guy to fill the agreement in your presence only. Also keep a copy of all the documents as a proof of evidence.

Check the EMI Cycle: 

Mostly, the loan default case occurs on the first EMI due date. This is due to lack of information of the first EMI date. Banks send the EMI alert SMS to all customers and those are very helpful.

Always Pay the Complete Amount: 

Whenever the default occurs in any of loan and the customer want to repay the overdue amount, he should always pay the complete amount as settlement. Also he should get the payments receipts along with the all communication receipts, mails, letters etc.

Healthy Communication: 

Always write healthy mails, letters to the concerned banks and other financial service providers and maintain good relations with them. It will help customers when the issue goes to the consumer forum or any other dispute settlements agencies.

FAQs on Personal Loan in Mumbai

How to get a personal loan in Mumbai despite a low CIBIL score?

City like Mumbai demands a high CIBIL score of about 750. As you may be knowing already that the Banks and NBFCs depend heavily upon credit score as credit score is a clear indication of your creditworthiness.

If you have a low CIBIL Score then maybe banks will reject your application. In such a scenario you may try NBFCs and peer to peer (P2P) lending, whichever is more economical to you in terms of interest being asked for the loan. NBFCs are known to be slightly more flexible as compared to Banks. They may or may not accept your application if you have a low score. but if they do they would charge a higher interest rate than normally being charged. Whereas, in P2P, you would be screened on various parameters and based on that you would be allowed to avail a personal loan in Mumbai on mutually agreed interest rate. These parameters are around 30+ in numbers, some of them are:

Financial behavior

Future financial prospects

Education

Demographics

Socio-economic conditions, etc.

If you have time of about 6 months to one year then you can also improve your CIBIL score by paying your dues and closing unused credit cards.

Is a credit card score mandatory for a personal loan in HDFC?

Your credit score depends on the various loans that you have taken, the repayment history thereof, the loan enquiries that you have made, your location profile etc.

You can improve your cibil score by:

  • Checking Your Credit Report
  • Pay your loans
  • Eliminate credit card balances
  • Pay bills on time

Which is the best personal loan finance for a low CIBIL score in Pune?

A personal loan is a loan taken to deal with personal emergencies. So, to sanction a personal loan, a lender thoroughly checks if the applicant is capable enough to repay the loan timely. Since there is no collateral or security deposited with the lender, it is important for them to check the past history of the applicant in terms of credit repayment via CIBIL score.

A score lower than 750 is considered as a low CIBIL score. Banks generally do not sanction personal loans of people with a low CIBIL score, or even if they do, they may charge a very high rate of interest.

 
 

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At Millennium Credit Solutions, we believe that life is easier with excellent credit.
We have a dedicated staff devoted to assisting you with your future financial needs.
We provide advice and information on how to best manage your current credit to maximize the impact to your qualifying ability.
 
 

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