Police FIR for wrong entries in CIBIL report
Hello Everyone,
I applied for a home loan and the lending company obtained my CIBIL credit report for verification. My CIBIL report contains wrong account information, all of which are defaulted with long standing overdue. None of these accounts are mine as I never took loans befor and I pay credit card dues on time.
Loan lending company demands either of the following for loan disbursal
1. Police FIR or
2. Updated/Corrected CIBIL report.
Based on the CIBIL report, I approached the banks and got to know that these accounts(credit card and personal loand) dont belong to me and are wrongly reported. I raised a dispute with CIBIL for this and CIBIL would take 30 days to resolve this. Based on my experience with them, it may take even more time.
I explained this to loan lending company and they insist that there is nothing wrong in doing a Police FIR. I am not convinced about this as I know that all the information in the report is faulty and there is no fraud here. I dont have any evidenct of fraud to provide to police. The company wont disburse any amount and I have no time as I have to travel overseas on a work assignment.
Please advise on the following
1. Is it fair to do police complaint in this condition?
2. My wife is co-applicant for the loan and this is a mortgage loan and hence secured. She alone in eligible for loan. In this case, isnt the bank obliged to disburse loan?
Please advise on how to approach further.
Thanks in Advance.