Ring app reported to CIBIL

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Last Comment 2023-08-14

2022-09-07

Ring app which we used in June for transferring money from Amazon Pay to bank account, has reported to CIBIL /Experian. It's showing as SI Creva Capital. But the loan amount is showing as total purchases of the month instead of the limit allotted. I was allotted Rs 2000 limit in Ring . After using up the entire limit, I repaid it several times in June month to get back the limit and reuse it to transfer from Amazon Pay to bank acc. This way I end up transferring Rs 16767 in June. The same amount of Rs 16767 is shown as Loan in CIBIL and Experian. It should ideally be the limit allotted of Rs 2000.

Anyways, was anyone able to close this limit permanently?? If yes, can anyone share the process??

Also, I am new to this credit line. This is my first credit line. Is it good to close the loan in three months of issue?

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https://www.desidime.com/discussions/ring-app-reported-to-cibil?page=1#post_8673300

Ahtsham

2022-09-07

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@abhishek012 @jonsnow18 @kshmr @vkrmjeet @B3A5T @AnJo @Maverick_23 @nMehta @kukdookoo @pjain2712 @sudbht @punjab_se @satraghav @avion @Ragnarok37

https://www.desidime.com/discussions/ring-app-reported-to-cibil?page=1#post_8673366

vkrmjeet

2022-09-07

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never used this app , i did a comment on that post not to use this app also laughing

rupay bhai ne ki thi shayad

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https://www.desidime.com/discussions/ring-app-reported-to-cibil?page=1#post_8673317

sauravDD

2022-09-07

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I am very happy i didnt installed this app

https://www.desidime.com/discussions/ring-app-reported-to-cibil?page=1#post_8673325

pjain2712

2022-09-07

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Same here

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https://www.desidime.com/discussions/ring-app-reported-to-cibil?page=1#post_8673330

purval6300

2022-09-07

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They are not even replying to email related to closer of account

https://www.desidime.com/discussions/ring-app-reported-to-cibil?page=1#post_8673342

Ahtsham

2022-09-07

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When did you email??

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https://www.desidime.com/discussions/ring-app-reported-to-cibil?page=1#post_8673331

getready

2022-09-07

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I think this is the case with all BNPL services now (at least the loan lines issued after the new RBI regulations). Internally every transaction creates a new loan but these apps report the aggregate amount (once every month) as a single loan to credit bureaus (Ex: Slice)

https://www.desidime.com/discussions/ring-app-reported-to-cibil?page=1#post_8673350

Ahtsham

2022-09-07

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Now my limit has been upgraded to 11k. But I am not using it at all. Will it report loan amount as 0 or 11k or aggregate of all purchases till now which is around 16-17k?

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https://www.desidime.com/discussions/ring-app-reported-to-cibil?page=1#post_8673335

kukdookoo

2022-09-07

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op 22g 1 baat sunlo, stay away from these apps

1st step is to contact ring app and tell them to close it and ask for written explanation

https://www.desidime.com/discussions/ring-app-reported-to-cibil?page=1#post_8673593

Maverick_23

2022-09-07

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their support team is pathetic.. no clear response from them
Please let me know if someone was able to close this permanently

https://www.desidime.com/discussions/ring-app-reported-to-cibil?page=1#post_8701872

Maverick_23

2022-09-19

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Got NOC Certificate on email

https://www.desidime.com/discussions/ring-app-reported-to-cibil?page=1#post_8774758

shyamrathor57777246

2022-10-17

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Sir iski noc kese milegi mujhe noc chahiye

https://www.desidime.com/discussions/ring-app-reported-to-cibil?page=1#post_9084315

chahargaurav66255490

2023-02-10

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I have apply loan 6100rs but i have pay full amount but my loan show different amount plaese 40656 amount show jo mene liya hi nahi

Please close my loan

https://www.desidime.com/discussions/ring-app-reported-to-cibil?page=1#post_9084418

satraghav

2023-02-11

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Si Creva is the lending partner of Ring app, and they have misreported in Experian and CRIF credit rating agency. But they have reported to CIBIL properly. Don't get upset Bro, now they have the fear of getting banned if they do any golmaal. Meanwhile mail si Creva to close your account after February. Also you can report to the RBI ombudsman if you find any misreporting in future.