Absol is one of the very few credit counseling agencies that have the expertise to handle all kinds of debt including secured debt (mortgages, car loans, etc.), not just credit cards. Your physical health and your credit health are the same – they both need the right specialist examination to prescribe the perfect solution. And the earlier you get this specialist advice the quicker you recover and the more you avoid getting worse. And even if you completely credit healthy, a routine examination makes sure you stay that way.
So think of us as your credit health doctors – Examining the state of your credit’s health, and helping you regain and improve your credit health completely!
The process we go on with is as follows:
1.We will purchase a detailed CIBIL credit report (CIR) on your behalf or the CIBIL score provided by you.
2. We will analyze your CIBIL credit history & the CIBIL credit score.
3. A detailed plan will be drafted to resolve any discrepancies first i.e., (you might have paid all the dues to the financial institutions and information in CIBIL is wrongly updated. We will fix the errors on your credit report)
4. Then we will check about the defaults / overdue amount to be paid by you to the financial institutions.
5. We will first check with you (since when you have defaulted or not paid the amount to the financial institutions)
6. Then we will check with the bank about the closure amount.
7. After paying the closure amount to the creditors.
8. We will get you the closure letter/ No due certificate letter from the bank.
9. We take the complete responsibility of the documentation for closure.
10. We also ensure the CIBIL update is done by the bank. And whichever information are not updated in the report we will get it updated in the report.
11. For the score to improve there must be running loan or credit card so we will get you a pre-paid card for the score improvement and monitor for the score
12. After updating all the records in CIBIL, your CIBIL will be cleared & then loans should not get declined