POSTED BY December 5, 2013 6:04 pm COMMENTS (4)ON
5 years ago, I had 2 credit cards with Citibank and ICICI bank. I had a large amount due which was very difficult for me to pay back. So, I asked both banks for settlement and they agreed. So I paid the settlement amount and got the settlement letters from the banks.
Now when I got my credit report from CIBIL, it shows both credit cards due as Rs. 000 (running for last 3 years) and my score is quite poor at 694. Can these Rs. 000 entries removed from my CIBIL report?
Or will they be removed automatically? If so, when? Is there anything I can do to improve my score of 694?
I currently do not own any credit card neither I have any loan.