POSTED BY January 30, 2013 10:27 pm COMMENTS (5)ON
My current CIBIL score is 518.
I had 2 ICICI credit cards, 1 Barclays card, 1 HSBC card and 1 HSBC loan 3 years back.
Due to my tight financial situation i was not able to pay any of these dues on time till now. However i have now paid all the outstanding amount in FULL without any balance and have got the respective No due letters. I even paid the remaining amount of my HSBC credit card which i settled 2 years back for removing my written off status from the report and waiting for bank to update the bureau records. I have also applied for a secured credit card against FD in ICICI and using it for the past one month for rebuilding my score and credit history
I checked my cibil scores before making all these payments and it was 518 . Now i do not have any dues outstanding from any bank and waiting for the banks to update the payments to CIBIL. I can understand that I will not get any loans from any lenders for this score.
My question is
A)how many points i can expect to increase after all these payments are updated in the cibil.
b)What are the chances of getting a loan for me and in how many days?