Loan Application Has Been Denied - What should To Do ?

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LOAN APPLICATION HAS BEEN DENIED.
ASKCRED. COM
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Life after denial of a loan application
If your loan application is denied do not
despair. It is not such a terrible thing as you
have a chance to rectify what is ailing your
financial health. Here is what you do under such
a situation
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Rectify errors on your CIBIL report
You need to follow the instructions on the CIBIL
website to raise an online dispute.
Alternatively, you can also write to CIBIL with
your grievance and include documents of evidence
of the issue at hand. Depending upon the nature
of your error it can take up to 30 days for the
rectification of the error.
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Improve your credit score
If your CIBIL report is error-free, your loan
has probably been denied because your credit
behavior needs improvement. Often, it is credit
card debt that tends to pull down the CIBIL
score of an individual.
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Consider liquidating other assets to pay off this
debt at the earlies
You may even consider taking a personal loan or
a gold loan for a short tenure to pay off your
credit card debt. In fact, regular repayment of
a personal loan can also help you rebuild your
CIBIL score in due course.
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