POSTED BY January 16, 2014 11:57 am ONE COMMENT
ONRespected sir,
I had a personal loan with india bulls & fullerton india in 2008 and I was unable to make regular payments due to some personal situation. Now i full and full paid then i have a no due certificate also,but in my cibil report the settlement status is ” WRITTEN OFF “,NOW I REMOVE THE STATUS OF WRITTEN OFF IN MY CIBIL REPORT IN THIS MONTH,
I HAVE A ONE DOUBT,MY CIBIL SCORE IS NOW 770,DURING THIS TIME I HAVE ELIGIBLE ANY CREDIT CARD or Loan PLEASE ANSWER SIR,
REGARDS,
VIJAY
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Dear Vijay, post cancellation of ‘Written Off’ Status’, your credit score ‘ll also improve a bit. Regarding Credit card, instead of applying for an unsecured card, i w’d ask you to apply for a secured card (linked with a FD). This ‘ll help you to improve your credit rating and being a secured card, bank can not deny you to offer the same even if your Credit Score is 770.
Regarding loan, let the some time pass and you build up a credit score of 800+ then only apply for a loan which you really need like Home loan. Just for any fancy consumption, please do not opt for personal loan or Car loan.
Thanks
Ashal