Flipkart Pay later Cibil issue

Alpha_Lion wrote:

I was not having any previous Credit History so my Credit Score was NIL and with purpose of building it gradually, I have activated both Amazon Pay Later and Flipkart Pay Later, few Months back.

Amazon Pay Later has Capital Float as Lending Partner and sanctioned Credit Limit of ₹10000 in this account, while Flipkart Pay Later has IDFC FIRST Bank as Lending Partner and sanctioned Credit Limit of ₹5000 in this account.

Now, when I have checked my Credit Score via One Score, Wishfin, Paisabazaar etc., both Experian and CIBIL Scores have improved from its NIL Status.

Amazon Pay Later is reflecting in both Experian and CIBIL as an Active Consumer Loan with sanctioned amount of ₹2000 by Capital Float, while Flipkart Pay Later is reflecting only in Experian as an Active Personal Loan with sanctioned amount of ₹5000 by IDFC FIRST Bank.

I think this Persona Loan of ₹5000 by IDFC FIRST Bank should also be reflected into my CIBIL Report, as it will help me in improving score, if I do transactions with Flipkart Pay Later on Flipkart and PhonePe and later do timely repayments. But if they don’t show this Personal Loan in CIBIL and won’t report its timely repayments then it won’t affect CIBIL Score at all.

Contacted Flipkart over its IVR but there is no option to talk to their CS Agent, even selected option for applying Flipkart Axis Bank Credit Card, but even after facing call waiting for more than 60 minutes even, no Agent got connected. Tried many such failed attempts.

After lot of frustrations approached IDFC FIRST Bank over 1860 500 9900 and explained this issue, nut they are not able to check my Loan Account details in their databse. Now, I wonder then how the same Personal Loan is reflecting in Experian Report, in their name. Contacted them multiple times.

Initially they didn’t helped in any way and told to contact Flipkart for any query related to Flipkart Pay Later account, but after few attempts, I was able to convince their one of the executive that they are Lending Partners, thus they sanction Loan amount and not Flipkart, they generate inquiries with Credit Agencies and report it as Active Loan and its usage & repayments, then he somewhat convinced to my logic an ready to help.

He has provided me this banker(at)idfcfirstbank(dot)com email id and informed to write my issue and attach copies of Credit Reports of Experian and CIBIL to them, then their concern team will revert back to my mail and will also receive follow up call from them in this regard and provide correct resolution.

So now, I want help & guidance from experienced dimers that what should I do in such a scenario? should I go ahead with this or avoid reporting in CIBIL by IDFC FIRST Bank, as some dimers faced issue of much higher Loan Amounts like ₹60000, ₹75000 etc. reported by them in their CIBIL Report.

I am quite confused as not having much knowledge of Credit Products and Services, so please provide your valuable suggestions.

is it 7 months since u have activated amazon and flipkart pay later?? CIBIL takes almost 7 months… from my personal experience… my first credit card reflected in the 8th month from the date of activation…

send an email to this address- [email protected]
mention ur contact no. and loan account no. and PAN no. if u have
u will receive a call back.

Nope, Amz Pay Later is 2 -3 months and Fk Pay Later is 1 – 2 months older, approx.

But both are visible in Experian Report and Amz Pay Later is only visible in CIBIL Report.

Loan Account No. for IDFC FIRST Bank (Fk Pay Later) is visible in Experian Score, but when called them on IVR, CS Agent told that it don’t get accepted in their database.

Will surely send them email on this said id.

Thanks for your help.

Maine jab se flipcart pay later active kiya h tab se mere civil me 60k ka persanl lone dik raha h .jab ki maine koi bhi lone nahi liya h .plese help.

Maine jab se flipcart pay later active kiya h tab se mere civil me 60k ka persanl lone dik raha h .jab ki maine koi bhi lone nahi liya h .plese help.

ganeshu289299 wrote:

Maine jab se flipcart pay later active kiya h tab se mere civil me 60k ka persanl lone dik raha h .jab ki maine koi bhi lone nahi liya h .plese help.

ur monthly paylater limit must be 5000 so it will show 60000 as loan amount in cibil report…

Hii,

I am facing the same issue. Can you share the IDFC email address and what should I type the in the email to close the IDFC loan account.

swativerma4052467 wrote:

Hii,

I am facing the same issue. Can you share the IDFC email address and what should I type the in the email to close the IDFC loan account.

[email protected]

[email protected]

send emails to above email ids, mention that u were using flipkart pay later but u want to close it and ask idfc to suppress ur loan account from Cibil.

mention ur contact no. idfc will call u within 1 or 2 working days and u will have to mention ur PAN and loan account no. in the email

shaqib19 wrote:

My account was blocked yesterday so will my paylater account also get closed?
I still have Rs330 dues to pay for this month and around Rs 600 for next month but I am unable to do so as account is blocked.
I have pointed out this concern to twitter team but they still haven’t responded me.
Any suggestion?

They will make your life hell… I suffered for one year…. Finally was able to settle the issue…

batmanBABA wrote:

They will make your life hell… I suffered for one year…. Finally was able to settle the issue…

My FK account was later unblocked upon complaining on twitter.
It was blocked automatically by their system on raising a return request for a defective product deliberately sent by 3rd party seller.
FK refunded full amount without taking back the product.

Why you need fk pay later bro, in case if you have credit card ignore all pay later options it will impact borrowing eligibility

Please open mu Flipkart pay later

siva.murala378 wrote:

Why you need fk pay later bro, in case if you have credit card ignore all pay later options it will impact borrowing eligibility

Correct 💯

Paylater type thing is to target those who can not get credit card due to low cibil

shaqib19 wrote:

My account was blocked yesterday so will my paylater account also get closed?
I still have Rs330 dues to pay for this month and around Rs 600 for next month but I am unable to do so as account is blocked.
I have pointed out this concern to twitter team but they still haven’t responded me.
Any suggestion?

Hey bro, what about your Flipkart Pay Later. Now my account was also blocked, I have to pay 3559 rupees. So how did you pay your last due. Can it creates problem to our cibil score. Reply must

Dear sir
Already I pay later closed but still CIBIL show active loan 60000 why because already informed to customer care he didn’t reply aslo

aahmad39786776 wrote:

Dear sir
Already I pay later closed but still CIBIL show active loan 60000 why because already informed to customer care he didn’t reply aslo

[email protected]

send email to this email id along with proof that u have closed paylater, idfc will remove entry from cibil

Still I am facing the same issue from flipkart… As per my request flipkart stopped my Paylater service.. but in my latest CIBIL report it is shows that IDFC loan account is still open..
Contacted several times to flipkart customer care ..but unfortunately nothing happened..Now contacted IDFC bank also but they informed they don’t hve any contact with the customers only flipkart can do the same.. . . Really fed up with flipkart

Flipkart pay later account deactivated karna hai

my pay latter option not use

Very worst

My account is blocked

Overdue payement karna hai

Sir mera civil score kherab ho rha h plzz idfc bank loan close kro

I am pay my due on 24 June 21 it is not updated and impact on my cibil

ankit99911679 wrote:

Sir mera civil score kherab ho rha h plzz idfc bank loan close kro

contact idfc first bank, wo close kar denge

ajaygoogli687 wrote:

I am pay my due on 24 June 21 it is not updated and impact on my cibil

1 mahina lagta hai update hone me, kabhi kabhi 2 mahine baad update hota hai

Iam paid my flipkart pay later amount 17th august .
Its not updated my cibil score was very low , its effects my job and other issues ,so please solve my problem

Give contact number of idfc first bank for my problem of flipkart pay later

pranaychand77402 wrote:

Give contact number of idfc first bank for my problem of flipkart pay later

[email protected]

send email to this address, also mention ur no., idfc will call u

1. Apart from “Flipkart Pay Later”, and “Amazon Pay” which Other App is “Powered by IDFC Bank”?

As I got an E-mail from IDFC Bank that "my Loan Account is Approved and Verified by CDSL. (Irony is that, I don’t have a Savings Account with IDFC Bank. Yet I have a Loan Account). This is Totally Disgusting.