POSTED BY December 31, 2012 10:48 pm ONE COMMENTON
I’ve settled my Credit card around 5 years back, that was too with a very small amount of around 18K(at that time I was not aware of repercussions of settlement).
I have been paying a home loan EMI of 5000/month for last 7 years and, EMI of around 6000 for car loan for last 3 years without getting delayed and any fail.
Also, I am paying my regular dues on HDFC bank credit card.
Now the problem is that I am looking for a bigger home loan of around 20 Lacs for new property, but most of the banks are refusing to sanction the loan.
Q1: How can I improve my CIBIL score? To get bigger home loan in future.
Q2: How HDFC bank sanctioned me the car loan even if I’ve settled my card and I’ve bad CIBIL score(3 yrs back).