🧵 1/3: After fully repaying a loan, it's crucial to ensure your lender acknowledges it and updates records accordingly. Gather documentation, contact the lender, and send a follow-up email summarizing the discussion. #finance
🧵 1/3: After fully repaying a loan, it's crucial to ensure your lender acknowledges it and updates records accordingly. Gather documentation, contact the lender, and send a follow-up email summarizing the discussion. #finance
🧵 2/3: If the lender doesn't rectify the issue, raise a dispute with the credit bureau, providing evidence of payment. Consider escalating to higher authorities or seeking guidance from consumer protection agencies.
🧵 3/3: If all else fails, consult a lawyer specializing in consumer rights or financial matters. Keep documents handy to strengthen your case. Transaction history serves as concrete evidence of payment.
🧵 Read more at: https://www.financialexpress.com/money/keep-your-financial-borrowings-records-updated-loan-cleared-but-status-unpaid-3363407/