I have taken a consumer loan from Bajaj Finance for purchasing LCD in 2008. Loan Account no: 400201393. The total amount was Rs. 65, 000/- and the tenure was for 24 months. I have paid 8 months EMI as advance. I have agreed to pay the remaing EMI's through ECS mode. Bajaj Finance messed up with the ECS mandate and the EMI's were getting debited 2 times every month. I have tried to complain several times through their customer care but no one answers the phones. They did not respond to emails or register posts. I had no other option but to close the bank account after giving intimation to Bajaj Finance as they were not taking any action. Finally on September 6 Bajaj Finance has aggreed to settle the outstanding dues. I have paid in full and received the confirmation letter for full and final settlement by their recovery department. They promised to remove my name from CIBIL as defaulter.
Till date i am maked as defaulter and i am denied loans from the finance companies due to this. I dont understand why should i be marked as defaulter for no fault of mine. This is a black mail technique used by these finance companies. CIBIL system is being misused by the finance companies like Bajaj Finance. I suggest that even finance companies should be given CIBIL scorings and penalized for their wrong doings.
I need help. Please suggest.
Regards
Nitin
[email protected]
9581888988
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