Introduction

Occasionally, banks or financial institutions may report incorrect transactions to CIBIL , which could display a loan from Vivriti Capital Private Limited that you did not apply for. This article provides a comprehensive guide to understanding the reasons behind such discrepancies and offers practical steps to take in order to resolve the issue.

Understanding the Problem

When your CIBIL report shows a loan from Vivriti Capital Private Limited that you did not apply for, it may arise from several factors:

Identity Theft or Fraud

One possibility is that someone has fraudulently used your personal information to take out a loan without your consent. Identity theft is a serious matter and requires prompt action to protect your identity.

Error in Reporting

There may be an error in the reporting by Vivriti Capital or a mistake in your CIBIL report. Financial institutions occasionally report incorrect information, which can impact your credit score.

Pay Later Services

Certain pay later services may be associated with lenders such as Vivriti Capital even if you did not explicitly apply for a loan. If you used a service that partners with them, this might be the reason for the entry.

Previous Application

It's also possible that you applied for a service or product involving Vivriti Capital in the past, and the loan was reported on your CIBIL report.

Steps to Take for Resolution

Check for Errors

Review your CIBIL report thoroughly to ensure there are no other inaccuracies or unfamiliar accounts.

Contact Vivriti Capital

Reach out to Vivriti Capital directly to inquire about the loan and determine if they have any information regarding its origination.

Dispute with CIBIL

If you believe the entry is incorrect, you can file a dispute with CIBIL. They will investigate and rectify any errors if necessary.

Monitor Your Credit

Keep an eye on your credit report for any further unauthorized entries. Consider using a credit monitoring service for additional protection.

Report Fraud

If you suspect fraud, report it to the appropriate authorities. Consider placing a fraud alert on your credit report to protect your identity.

Conclusion

By taking these steps, you can effectively address the issue of an unrecognized loan on your CIBIL report and safeguard your credit history. Regularly monitoring your CIBIL report and being proactive in managing your personal information can help prevent future identity theft and financial discrepancies.