No, they don’t. In India, most negative information such as loan defaults or late payments remains on your credit report for up to 7 years. However, its impact on your credit score may reduce over time, especially if you build positive credit behaviour going forward.
Yes. Under Indian law and RBI guidelines, you have the right to an accurate and updated credit report. If there's any incorrect or outdated information on your CIBIL or Experian report, Crif High mark, Equifax you can raise a dispute with the respective credit bureau or lender to have it corrected.
The sooner, the better. Whether you’re planning to take a home loan, apply for a credit card, or get a car loan, improving your credit score now can make borrowing cheaper and easier in the near future.
Absolutely. You can directly raise disputes with Indian credit bureaus like CIBIL, Equifax, Experian, or CRIF High Mark if you find any inaccuracies. However, the process can be slow and sometimes complicated. That’s why many people prefer to take help from credit advisory or financial planning services to speed things up.
It varies. Improving your credit score depends on factors like your current score, debt history, and repayment behaviour. Many people start seeing progress in 3–6 months, but building a strong credit profile may take longer. The key is consistent financial discipline.
Some financial advisory firms offer free basic credit reports and advice, while others charge for personalised services like dispute resolution or credit coaching. Pricing can range from a few hundred to a few thousand rupees per month, depending on the service provider and plan.
Credit advisory services have grown significantly in India since the 2010s, as more people have become aware of the importance of a good CIBIL score. Many established firms now offer structured credit repair and financial wellness programs tailored to the Indian financial ecosystem.
A loan consultation service helps you understand your eligibility, compare loan offers, and choose the best lender based on your needs. Consultants also assist in paperwork, application filing, and improving your chances of loan approval especially if you have a low credit score.
A good loan consultant knows which banks or NBFCs are more flexible based on your credit profile. They can help you negotiate better interest rates, reduce processing fees, and avoid hidden charges by guiding you through lender policies and fine print.
Yes, a high CIBIL score (750 and above) improves your chances of getting a loan with lower interest rates. However, some consultants specialise in helping individuals with low or no credit history secure loans by finding alternative lenders or guarantor-based options.
Loan consultants in India typically assist with:
Home loans
Personal loans
Business loans
Education loans
Car/bike loans
They can also help you with loan balance transfers, top-ups, and pre-approved loan offers.
Some consultants charge a flat fee, while others take a percentage of the loan amount (usually 0.5% to 2%). Many services also offer free initial consultations or work on a success-based fee model, where you only pay if your loan gets approved.
Yes, many consultants now offer end-to-end digital support, helping you compare offers, upload documents, and apply for loans entirely online. This is especially useful if you're looking to avoid long bank visits or need help navigating online applications.
