Credit bureau fix steps for closed loans still shown active
In short
If a closed loan still shows as active on your credit report, the advice is to gather your NOC, contact your lender and file a dispute with the credit bureau. The piece explains a simple fix process for borrowers.
This matters because a wrong loan status can affect a person’s credit record. The report does not say how often this happens or whether lenders have changed their process.
What the reporting says
A publisher summary says borrowers whose closed loans still show as active on CIBIL should gather their NOC, contact the lender and raise a dispute with the credit bureau. The article is presented as a how-to guide on fixing an incorrect credit report entry. The reporting does not describe a new policy or give figures, only the steps a borrower can take.
Why it matters
The report gives borrowers three steps to fix a closed loan that still appears active on a CIBIL credit report: collect the NOC, contact the lender and raise a dispute with the bureau. It is a consumer guidance item, not a policy change, and the source does not state how widespread the issue is. The immediate relevance is to borrowers whose credit records may be inaccurate.