How to Resolve CRIF High Mark Credit Report Errors

Filing a dispute with CRIF High Mark is an easy way to correct mistakes in your credit report. Errors can happen, but there is a clear process to fix them. Once you spot a mistake, you can raise a dispute with proof. Centre for Research in International Finance (CRIF) will check with your bank or lender to confirm the details. If the error is valid, they will update your report. The entire process is simple and takes about 30 days.

Common Errors Found in CRIF High Mark Credit Reports

Here are the common errors found in CRIF High Mark credit reports:

• Closed Accounts Showing as Open: Accounts you have paid off may still appear open. This can affect your credit score.
• Outdated Account Information: Some accounts may not be updated, meaning the last reported date could be outdated. This can result in an inaccurate representation of your credit history.
• Accounts that Do Not Belong to You: Sometimes, a credit account that isn’t yours may appear on your report. This may be a mistake by the bank or credit bureau.
• Delinquent Accounts: Accounts may show as overdue even though you have already paid. Being over 30 days late can harm your score.
• Same Debt Listed More Than Once: A loan or credit card may be listed twice. This could limit your chances of acquiring new credit.
• Incorrect Credit Limits: The credit limit on your credit card may be wrong. A lower limit than the actual one can hurt your credit score.
• Wrong Loan Balances: The amount you owe on loans may be higher than it should be. This can stop you from gaining more credit.
• Identity Errors: Your report may contain errors in your personal details. This could be caused by the bank, the credit bureau, or identity theft.

How to Identify Mistakes in Your CRIF High Mark Credit Report?

Here are key points to check for mistakes in your CRIF High Mark credit report:

• Ensure closed accounts are not shown as open, as this impacts your credit score.
• Check that the details for all accounts are accurate and up-to-date.
• Look for any unfamiliar accounts, which could indicate errors or identity theft.
• Verify that no debts are listed more than once.
• Confirm that the credit limits and balances on your loans are correct.
• Ensure your details, like name and PAN, are mentioned correctly.
• If you spot any issues, report them for correction.

How to File a Dispute with CRIF High Mark?

Here’s how to file a dispute with CRIF High Mark:

• Get Your Credit Report: First, download a copy of your credit report from the CRIF High Mark website. You can get one free report every year.
• Identify the Errors: Go through the report carefully. Look for incorrect account status, personal details, or credit limits. Make a list of all the errors you find.
• Gather Proof: Collect documents that prove the error. This could be bank statements, loan closure letters, or proof of correct information.
• Visit CRIF High Mark’s Website: Go to the CRIF High Mark website. Look for your account. Then Click on the “Raise a Query” button. After entering query details, click on submit.
• Wait for a Response: CRIF High Mark usually takes around 30 days to resolve disputes. You will be notified once the error is corrected or if more information is needed.
• Check the Updated Report: Once the error is fixed, download a fresh copy of your credit report to ensure the correction has been made.

How Will My CRIF High Mark Dispute Resolve?

After you file a dispute with CRIF High Mark, they will verify the information by contacting the bank or lender that provided the data. The lender will verify the details and confirm if any correction is needed. If the mistake is found valid, CRIF will update your credit report. This process usually takes about 30 days. You will receive a notification once the issue is resolved. Thereafter, you can download a copy of the new report to check the changes.

Documents Required for Dispute Resolution with CRIF High Mark

To proceed with a dispute resolution with CRIF High Mark, you’ll generally need to provide the following documents:

• Identification Proof: A copy of your PAN card, Aadhaar card, or passport.
• Address Proof: A copy of your utility bill, bank statement, or rental agreement.
• Credit Report: A copy of the CRIF High Mark credit report with the disputed information highlighted.
• Supporting Documents: Any additional documents that support your claim, such as bank statements, payment receipts, or letters from lenders.