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Flipkart Pay Later by IDFC First Bank CARELESSNESS & Shady Practice reflecting on Credit Score CIBIL

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Deal Cadet
yulu

Hi Guys!!

I have been member of this forum for a long time and has helped me in saving most of my dime!!

But this is regarding my unfortunate event that has happened with Credit Score when I went to Bank for loan.

When the bank took my credit score report from CRIF it showed low risk category but under personal loan section it mentioned Written off Rs.500 and borrowed 5000 and paid 11,000. Due is 500 and written off. This itself is contradictory.

The banker asked me to give statement regarding this written off. I was shocked to see that there was default of 500. But in the report it never mentions the bank name or from whom you have taken. Then after checking all my mails and permutation and combination still nothing happened. Later I remembered Cred giving my score as well as showing where I am lending.

Then realized the culprit was Flipkart Pay Later by IDFC First Bank which has done this shady business and recklessness of putting incorrect information.
I tried contacting FK customer care thrice, first time they said to contact IDFC. Contacted IDFC they said I don’t have the account with them. Later again asked FK for providing me the loan statement she said shell look into it and after 20 mins cut my call after putting hold. Again called IDFC they said at least give Pay later account identification. Again called FK they said they don’t have any info on this.

After this I wrote mail to IDFC nodal officer, they replied it will be resolved in 2 days . Its 3rd working day nothing happened.

I had to apply loan and everything is up to date and no default till date. Yet these idiots have put incorrect data and I am stuck for their mistake!

Hence my sincere request to you guys keep checking your score either on cred or registered website and check on active loans and under that check due.
My all these years of savings went in vain just like that! My 10 lakh of loan is stuck bcos of this false Rs.500.

I read previous threads on this platform, it has happened to them also. If any one can help me in this regard it will be really grateful!

And my sincere request never ever use these pay later platforms, after this incident i read many blogs it has happened to lot of people. Use credit card or digital cash(upi or debit card).

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Critic Critic
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the only thing to remember is, other than ICICI Paylater, all other similar loan services can damage your credit rating very very badly. stay away from them.

Deal Cadet Deal Cadet
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Complain on PGMS portal.

Deal Cadet Deal Cadet
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Have Your Cibil Report Checked Regularly.

Must for everyone to be on safe side as to no other card/loan has got issued against your name

Also to check for any faults

Deal Cadet Deal Cadet
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I took loan from cred (cred cash and IDFC bank) amount is already paid back 4 months before but still in cibil it shows as 1 re due. I was taking it lightly but i think time to get into action now.

And OP i think culprit is idfc

Pro Shopping Friend Pro Shopping Friend
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u should write RBI, FK is always customer unfriendly, have seen many people FK accounts were blocked and they were even NOT allowed to pay paylater dues, pathetic, FK is very dictatorial.
They lost my shipment once and always calling me to cancel order such cheaters, Amazon much much better, though it also started cheating in the name of offer collect/CB etc so confusing

Lucknow Super Giants Lucknow Super Giants
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caks2006407 wrote:

u should write RBI, FK is always customer unfriendly, have seen many people FK accounts were blocked and they were even NOT allowed to pay paylater dues, pathetic, FK is very dictatorial.
They lost my shipment once and always calling me to cancel order such cheaters, Amazon much much better, though it also started cheating in the name of offer collect/CB etc so confusing

Reading the thread is very scary
I have amzpaylayer, fk pay later and ola Postpaid
All dues are cleared, rather rarely they have been used
How to close all 3?

Pro Shopping Friend Pro Shopping Friend
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BubbleBoyChickenLittle wrote:

Reading the thread is very scary
I have amzpaylayer, fk pay later and ola Postpaid
All dues are cleared, rather rarely they have been used
How to close all 3?

U should collect Account ID details and write to that particular bank to close the account – I read this process here. I never used these pay laters

Hotshot Hotshot
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You must be able to view account number of your IDFC loan account in your cibil or in experia that comes to cred registered mail.. note that call IDFC register complain saying no dues but still showing like this.. they will register complain but since it is related to cibil it may take time( for RBL card closure status on cibil it took 60 days after I received noc)

Lucknow Super Giants Lucknow Super Giants
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caks2006407 wrote:

U should collect Account ID details and write to that particular bank to close the account – I read this process here. I never used these pay laters

Okay thank you
Will do this on high priority this weekend itself

Deal Captain Deal Captain
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Even in Credit score for me showing Loan Amount is 500 Only.

While my Flipkart Pay Later is Expired 1 Year ago (KYC not completed)
But still showing active in Credit Score

Is there any harm in future because of this ??

I mailed IDFC 6 months ago no response from them

Rajasthan Royals Rajasthan Royals
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sauravDD wrote:

Even in Credit score for me showing Loan Amount is 500 Only.

While my Flipkart Pay Later is Expired 1 Year ago (KYC not completed)
But still showing active in Credit Score

Is there any harm in future because of this ??

I mailed IDFC 6 months ago no response from them

First contact Flipkart and wait for flipkart pay later service remove from your account & then login at CIBIL & Dispute it.
I did same to remove Paytm postpaid & flipkart pay later service.

Deal Subedar Deal Subedar
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Same is the case with Amazon Pay Later. Have received many msg regarding their incorrect reporting and due to which CIBIL is hampered. So keep checking the score and reporting any discrepancies at the earliest option if you are using these.

Deal Cadet Deal Cadet
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yolodime wrote:

Complain on PGMS portal.

Thanks pray will do it

Deal Cadet Deal Cadet
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caks2006407 wrote:

U should collect Account ID details and write to that particular bank to close the account – I read this process here. I never used these pay laters

Yes, I’m asking the same to IDFC bank and FK both are not providing the number, hence mailed to nodal officer.

Deal Cadet Deal Cadet
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Fanil wrote:

You must be able to view account number of your IDFC loan account in your cibil or in experia that comes to cred registered mail.. note that call IDFC register complain saying no dues but still showing like this.. they will register complain but since it is related to cibil it may take time( for RBL card closure status on cibil it took 60 days after I received noc)

pray Thanks a ton mate!!

I searched now in my mail regarding this and guess what, I had requested report last year from CRED and it has the most important account number and also showing no dues till last year. Now will call IDFC and will resolve. hope today is not a holiday for them!

Thank you so much kissing_closed_eyes, you solved my 90% of the problem. Have a happy day!

Deal Subedar Deal Subedar
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And my sincere request never ever use these pay later platforms,

Only if people listened. rolleyes

Deal Lieutenant Deal Lieutenant
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Bhai yeh credit score sirf bache logo k liye hota h
Legend ko kisi credit score ki jarurat nai parti loan avail karne k liye.
Bas pahuch hona chahiye bank wale se

Hotshot Hotshot
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yulu wrote:
pray Thanks a ton mate!!

I searched now in my mail regarding this and guess what, I had requested report last year from CRED and it has the most important account number and also showing no dues till last year. Now will call IDFC and will resolve. hope today is not a holiday for them!

Thank you so much kissing_closed_eyes, you solved my 90% of the problem. Have a happy day!

Glad I could be of help.. but remember since it is related cibil, I would suggest you to ask SR number once you raise with the bank.. this helps you actually know that they have raised it internally or just told you we will check. Also makes it easier for you and the bank to track. Again since it is cibil related, it might take sometime and you need to be patient.

Deal Cadet Deal Cadet
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Fanil wrote:

Glad I could be of help.. but remember since it is related cibil, I would suggest you to ask SR number once you raise with the bank.. this helps you actually know that they have raised it internally or just told you we will check. Also makes it easier for you and the bank to track. Again since it is cibil related, it might take sometime and you need to be patient.

What is SR number?

Deal Cadet Deal Cadet
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bankipad wrote:

Bhai yeh credit score sirf bache logo k liye hota h
Legend ko kisi credit score ki jarurat nai parti loan avail karne k liye.
Bas pahuch hona chahiye bank wale se

May I know how?? Could you please explain?

Deal Lieutenant Deal Lieutenant
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panchabhut wrote:

the only thing to remember is, other than ICICI Paylater, all other similar loan services can damage your credit rating very very badly. stay away from them.

other than ICICI Paylater
is icici that good at this?

Deal Subedar Deal Subedar
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kukdookoo wrote:

other than ICICI Paylater
is icici that good at this?

If inactive, then ICICI will automatically terminate pay later OD account.

Deal Subedar Deal Subedar
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yulu wrote:

What is SR number?

Service Request number

Critic Critic
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kukdookoo wrote:

other than ICICI Paylater
is icici that good at this?

ICICI Paylater is basically Overdraft account offered by Bank. So it is subject to the checks and controls as imposed by RBI on any OD account.

Critic Critic
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@MrKool_JJ

Deal Cadet Deal Cadet
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ULYSSES wrote:

Service Request number

Thank You

Mobile Guru Mobile Guru
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guest_999 wrote:

@MrKool_JJ

Ye to tension wali baat hai o.O

Hotshot Hotshot
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yulu wrote:

What is SR number?

Sr number is service request number.. for most services you raise with bank they generate a service request number.

Entertainer Entertainer
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+🔥 for visibility. ✝️ Karma given to @yulu for informative post. Hope things resolve for you

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