I have applied online and got my Cibil report on 20th May 2015 And Equifax report on 29th May 2014. Which shows my Score 594 & My 3 Accounts are not clear.

Can you please tell me how i can clear those account and improve my cibil score ASAP
Since you have already obtained your credit reports, you need to move forward and analyse what has gone wrong. If three accounts are not clear, then you need to check why and if there is any payment to be made, you need to do it. Remember, you will also have to pay interest in order to have a completely clear credit report. If you have settled your dues in the past, this is going to affect your credit score.

If you want any detailed advice from us, you will need to share your report with our counsellors. This, as you know, is FREE Counselling from a not-for-profit foundation and you have no worries about being chased by any collection agents. You can come in person, or email it to us and we can forward it to them for advice on your behalf.

As for your second wish of improving your CIBIL score ASAP - we have no such quick fix remedy. Depending on your credit report and your current borrowings (for instance whether you make timely payments on your credit card and post-paid telephone bills) you will be able to rebuild your score. Or by having timely payments on a fresh loan.

We can only help you further when we have more details. Trust you have found this feedback useful.
Our Experts

Sucheta Dalal Trustee - Moneylife Foundation

Abhay Datar Abhay Datar is a consumer activist. After working at Bank of Baroda for about 29 years, he retired as IT Manager. After retirement, Mr Datar joined Consumer Guidance Cell of Mumbai Grahak Panchayat (MGP) in 2008 and solved many cases related to banking including online fraudulent transactions, misuse of credit cards and ATM cards. Also handled cases related with mobile banking frauds and mediclaim. He was a Member of the Managing Committee of MGP till March 2021.

Suresh Prabhu Mr Prabhu retired as Senior Vice President from HDFC Bank

R Bhuvaneswari After serving Bank of Baroda for almost 40 years, Ms Bhuvaneshwari retired as Chief Manager in 2013.

Yogesh Sapkale Yogesh Sapkale is Deputy Editor of Moneylife and writes on finance, credit related issues

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