Hi sir,
now i know that i’ve a credit card with Barclays on my name which has been reported to CIBIL as WRITTEN OFF & ACCOUNT SOLD AMOUNT DUE-0, what i’m assuming is that the account which is there with PHOENIX ARC at Present is the same account, what BARCLAYS IS showing except this one AMOUNT DUE Rs.44OOO,ACCOUNT PURCHASAED .sir the only reason behind rush is that i want to pay off this amount due as soon as possible,so that i can improve my CIBIL Score. i really don’t know how much time will it take for my CIBIL Score look better,but i’m thinking may be within a year. don’t have much knowledge that’s why going with tough time sir. one more question say suppose if i contact the Phoenix ARC (recovery team), & suppose if they say both BARCLAY’S C.CARD & PHOENIX ARC are one account, how should i approach them i means to say, in the beginning itself should i inform them that i am ready to pay off the entire balance or should i ask for settlement on the account. suppose if i go with the settlement, will i be eligible to get future loans?????
Suppose i go with full payment, apart from NO DUE CERTIFICATE, what else should i ask them in written to make my Cibil record clean & clear. and or should i ask them one more NO DUE CERTIFICATE on BARCLAYS LETTER HEAD.
please help me sir.