POSTED BY January 16, 2014 11:57 am ONE COMMENTON
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,
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One reply on this article “Remove the written off status in my cibil report in this month”
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.