CIBIL IS A PRIVATE WEBSITE OWNER.

PRIVATISED BANKS HAVE MADE CIBIL A HUGE MONSTER TO CREATE NUSENSE TO CONSUMERS.


1. How do consumers fall in the CIBIL Trap?
Consumers who avail loans or creditcards - due to high interest levied by the private banks and creditcard lenders at some point of time or other- after paying few or many heavy installments - fall short of completing their loan commitment.The banks at this point : willfully offer ONETIME SETTLEMENT to the consumer.
The consumer finding the OTS attractive settles the loan or creditcard under OTS Scheme.
If the consumer is offered the settlement from the bank on a MUTUAL Agreed Ground - and the consumer having paid under the agreement cannot be penalised for making OTS.
The private bank even after recieving the payment as per OTS : places the name of the consumer as a defaulter.
The consumer who pays loan or creditcard under OTS cannot be deemed as defaulter under banking law.As the offer of OTS was extended to the consumer with consent of lending bank.
Some times the consumer pays the entire loan and creditcard and they are unable to access to hidden charges levied by the banks on their accounts.
The hidden charges are mentioned by the banker with CIBIL and this ends up Consumer ending a defaulter even after paying full payment.

What does the law have to say?
CIBIL Updates data recieved by their member private bank without consulting the CONSUMER whom the bank states is defaulter.This amounts to illogical display and is a ONESIDED BAISED DISPLAY.

This kind of display can be challenged by LAW and claimants of character assasination,wrongful display of public document can be claimed for from CIBIL and also the Bank who has provided such information.

In todays days it is very easy for any person to login to a consumerfriendly website or a public website - login with a falsely created email id and post ill and wrongly against any person.
However any post posted by any individual, bank or any entity without approproate data to substantiate the displayed claim - is punishable under law .
The crime can be detected by usage of CYBER LAW and the posting entity, person or bank can be detected by their IP Address .

WE AT ALLIED LAW : ADDRESS CYBER RELATED CRIMES
If you are suffering from CIBIL and not availing loans from Banks dont be afraid.

Legally valid resolution /remedy is on your way

write to : alliedlaw@india.com , alliedlawmumbai@yahoo.in