I see in CIBIL Report one credit card outstanding 3,10,000/INR on my credit history so I recall & realize I fail to pay 18,000 to Bank due to some circumstance & now bank outstanding have 3,10,000 with written off status which is enough to mentally harrashment.
I took initative & drop a mail to bank close this dispute. I rcvd a call from Bank executive & he give me option to Settlement but i denied settlement due to other user experience loan problem after settlement so i request to Bank to search a way to 0 outstanding with CIBIL Rectification after that bank purposed me solution to pay principle amount with 18% intrest will be 60,000 on 3 Installement.Bank stated after repaying they will reverse the balance outstanding on credit card account & arange to remove write off staus.
Let me know this solution help me or not to resolve this dispute & which precaution i follow.Please refer to bank mail:
This is with reference to your credit card number 4412 XXXX XXXX 000123
At present, your credit card account has been deactivated due to non receipt of payment according to the payment schedule. The credit card account has been blocked as Write-Off in our records.
As on date, the total outstanding balance is INR 310,618.82 on the credit card account.
Credit Information Bureau of India Limited (CIBIL) is monthly refresh and the data of customers are reported to CIBIL every month.
We understand that you have approached our bank representative for CIBIL rectification on your add-on credit card.
Further to your discussion with our bank representative, we understand you have agreed to pay the amount of INR. 60000/- in 3 installments for CIBIL Rectification.
After the repayment, we will arrange to reverse the balance outstanding on the credit card account. Further, we will arrange to remove the ‘write off’ status from your Credit Bureau Information India Ltd (CIBIL) records.
Please note that in case of any breach in the agreed terms and conditions, the above deal will stand cancelled on the credit card
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