Hi friends! I had a SCB credit card which I thought I have cleared the balance & stopped using it.
2 and 1/2 years later, I applied for ICICI bank Credit Card and got rejected because of Bad CIBIL Score.
I applied for CIBIL report and then I see 6500/- balance on my Credit Card.
Then I called up the SCB Customer Care and found that some 1000/- was left over from 2010 June.
Though they said they will give some 40% discount on the amount to be paid. I still paid the whole amount of 6500/- and got the no due certificate.
This happened a month before.
I requested for a new CIBIL Report and I stiill see that balace of 6500/- and my score is still 600.
I raised a dispute in CIBIL Website and send a mail to SCB Customer care also. to update my Account Status and Balance amount.
I had only one Credit card, which I have hardly used and No Personal/Home/Car or any kind of loan till date.
Now I am going for a Home loan next week. I am not sure what will happen. questions I have are:
–> How many more days CIBIL might take to resolve update my report and How much will the CIBIL score might be improved from 600.
Since, I don’t have any other Credit card/Loan account in CIBIL. Only one SCB Cancelled credit card. will it be around 750
OR
Since, I have not done the payment of 1000/- for around 25 months, the score remains same?
–> Will bank look in to my whole CIBIL report and consider the No-Due and sanction the loan. or they reject directly by looking at my CIBIL Score.
I am in total dilemma, whats going to happen.
Please sugguest me, what I can do to my home loan.