I’m a senior marketing professional. But the financial blunders I’ve done in past ( almost 7 years back), everybody would be shocked to know that. My net take home salary was 27 K per month at that time. I took personal loans of amount RS 10 lacs. I thought of shedding of my existing liabilities at that time. But I couldn’t manage the funds properly. I got high profile Credit Cards with good credit limits. Although I couldn’t enjoy the full limit of Credit cards but what ever limit I used I couldn’t pay on time. My EMI of my personal loans started getting missed. When I realized, I was in strong debt trap. My CIBIL reports got affected. I settelled all my loan accounts and Credit Cards.But as I was not fully aware of the facts. Banks closed the accounts in their books but for CIBIL they go on reporting the balance amount as outstanding that me & bank mutually agreed not to pay. 2 years back i got my CIBIL report. It gave me strong jolt. Then I started contacting all the banks and discuss with them if I pay the entire amount would they be giving me the full & final no due certificate against that. They all agreed to that. I started rectifying my past mistakes by paying again to the banks the balance amount and they respectively started giving the no due certificate. At the same time they started updating my account as “NO DUE” from “SETTLED OR WRITE OFF” status. 1 month bakc I got one secure credit card issued of the limit RS 42500 again the FD. my current net take home salary is RS 1.5 lacs per month. I have decided to uses the credit card’s limit maximum to Rs 20,000/- and I would clear entire outstanding every month. Now my question: No 1: Would my corrective actions already taken improve my CIBIL report in next 6 months? If not 6 month then how much time it would take. Next year I’ve to apply for my House loan of RS 60lacs. beyond that I can’t afford, otherwise I would again be in trap. No2: What other corrective actions should I take at this point of time so as to improve my CIBIL score in near future?