POSTED BY October 27, 2013 4:00 pm COMMENTS (8)ON
Dear Sir / Mam,
I have just got my CIBIL report, in that the barclays credit card after going for settlement & paying the demanded amount also, showing as written – off.
I am surprised to see such status, i have setteled this card in 2009 or before.
Even then my cibil score is showing 787. how good is that score?
Kindly explain one thing, in the past when my financial status worsen during 2009, i have setteled all banks credit cards, almost by paying 90% due amount or as bank demanded. I did this when i have no chance of making payments to them, but i paid honestly to all banks as they demanded, i have nothing left to pay today, all of them setteled almost 3-4 years back.
May be thats the reason for the credit score improvement, only thing shows wrong is barclays credit card, dispite i paid setteled amount.
How may I improve my rating further?
Can I go for a FD worth 70-80000 with any bank to avail secured credit card? does this help?
I can afford only this much amount for now, as my LIC premium is due now. (3 in total between Nov to January)
Thats almost 75K to pay towards premium, so maximum i can afford 75K to go for FD.
Is it really good tactic to improve more?
Kindly suggest more ways to get the better CIBIL Score.