The said organisation is not effective as the banks never update the agency on time regarding the credit history of a person. My freind is suffering for the same as SCB has mentioned his credit history to CIBIL and on the information the other bank rejected his loan whereas the said person has the no dues letter from SCB dated December 2006 prior to the CIBIL got in force. It is rediculous as no bank in the country would ever admit its mistake and the customer is always a sufferer if genuine and no bank can recover its money from a non genuine borrower.
