Hi,
I got my CIBIL reports, which has only 621 points.
I have Closed 2 credit card in the past which is mentioned below,I am not able to understand what is it showing,is it ok or I should do something more on that.
SBI CARDS
STATUS
VALUE OF COLLATERAL – SUIT FILED / WILFUL DEFAULT –
TYPE OF COLLATERAL – WRITTEN-OFF STATUS POST (WO) SETTLED
WRITTEN-OFF AMOUNT (TOTAL) –
WRITTEN-OFF AMOUNT (PRINCIPAL) –
SETTLEMENT AMOUNT
Barclay Credit card
STATUS
VALUE OF COLLATERAL – SUIT FILED / WILFUL DEFAULT –
TYPE OF COLLATERAL – WRITTEN-OFF STATUS POST (WO) SETTLED
WRITTEN-OFF AMOUNT (TOTAL) 31,720
WRITTEN-OFF AMOUNT (PRINCIPAL) 7,744
SETTLEMENT AMOUNT 12,700
Kindly provide your valuable sugesstion on that.
Thanks
Abhishek