Will my CIBIL status be removed after settlement ?

POSTED BY kumar9806 ON March 12, 2014 8:45 am COMMENTS (2)

Dear sir, I Have taken 50k loan from fullerton india and I have made 42,000 payment till now, and the company is showing due of 34000 till now, and I wants to settle my loan for 15000/- collection executive told me that after u r payment u r name will be removed from cibil after 1 month, is it true I wants to know, I am not ready to believe collection team, kindly guide me on this regard.

2 replies on this article “Will my CIBIL status be removed after settlement ?”

  1. ashalanshu says:

    Dear Kumar, please pay full 34000 Rs. to get your name cleared from CIBIL report as defaulter.



  2. sumedh says:

    Hi Kumar,
    I don’t think that you name will be removed from CBIL , after settlement your status will be “settled” or “written off ” instead of “closed”, best way go to fullerton office speak with executive & confirm details.


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