POSTED BY March 29, 2014 6:13 pm COMMENTS (2)ON
I would like to apply for a home loan. Actually i was out of India for past 5 years i.e, from 2009. During 2007-2009 i had a personal loan with GE MONEY with an outstanding amount of Rs 10000/-. I simply forgot about it. Now in the CIBIL Report the status of the PL is being shown as WRITTEN-OFF for the above amount+interest(Rs 60000/-).If i go for a home loan what will happen now ?
Can i talk to the GE MONEY & settle the amount, if so would they remove the WRITTEN-OFF status & change it to some thing positive?