Mar 12, 2014 03:02 PM
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(Updated Mar 12, 2014 03:02 PM)
I work in a retail chain in Bangalore and earn a good salary. I went through a bad phase during 2008 - 09 when I did not have a job and during which I did not make regular payments of my card and loan accounts.
However after I got my new job I managed to keep the accounts fairly decent if not perfect. I was not given any new loans or cards from any bank in the last two years and all my loans were rejected and the reason always was same, CIBIL score.
I also noticed that every time I applied for a CIBIL report my score was going down even though I was paying my dues on time. I could not understand why this was happening and at the same time I read about Debt Doctor in Deccan herald and approached them.
Debt Doctor understood my problem and analyzed my CIBIL report. I was told that my score was going down because of the number of times I was applying for loans or cards with different banks. Then I was informed that I should completely stop applying for any new loans until the score is good for a loan or a card.
After this they helped me to get a secured credit card from DCB and advised me on how to spend and make payments in a way where my score would increase over a period of time. No doubt this process took almost 14 months and today my score is 760. Also this helped me to get a home loan at the right time.
I thank Debt Doctor for all the efforts they have put in advising me the right steps to be taken to increase the score. I wish them the best of luck for the years to come.
