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Will my CIBIL status be removed after settlement ?

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.

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