Hi,
There have been some in-appropriate charges levied on my credit card due to no fault of mine (ref question in Credit Card section) and hence am considering with-holding on payment of the dues. Have already contacted my credit card issuing bank on the problem but they are yet to revert back.
In case the bank reports me as a defaulter with CIBIL, will it permanently affect my chances of a home loan?
I have had a very fruitful personal-banking relationship on other credit-products with other banks (ICICI /HDFC) for over 10 years. So is there a change they will take an exception to CIBIL report if i try to explain the discrepancy?
Are there any RBI regulations/ guidelines preventing scheduled banks from approving home loans to CIBIL defaulters?