I got my cibil score recently and it is 640 around. However i found just one card for which has a written off status (Rs.3800). This is not even my personal card, It’s a corporate card which is closed now.
i have 2 other credit card details showing which are in good status and one housing loan which is also in good status. Now my questions is,
1. What can i do about the credit score….it is affecting me a lot. I am not able to apply any loan or credit cards due to this.
2. If i pay off the credit card balance, will it improve my credit score.
3. how long will this show up in my record.