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Now, lenders to inform borrowers while reporting their loan defaults to credit bureaus

By demanding the appointment of nodal officers at every credit institution, assigning a financial penalty for delay in redress of customer grievances, and regular updates to the customers on access of their credit information reports, one can expect the industry to be more customer-friendly. ....

Emi Default , Customer Grievances , Credit Bureaus , Default On Loans , Credit Information Companies , Credit Information Report ,