Written Off status in CIBIL Report because of HDFC Personal Loan

POSTED BY sivareddy81 ON May 12, 2014 3:00 pm ONE COMMENT

Hi,

I have taken HDFC personal loan in 2011 now i have closed my Loan account with out any settlements some time i have not paid my EMIs for multiple times In CIBIL Report i have seen Written-Off status = Written-Off can i expect after loan was closed then Written-Off status was empty.

One reply on this article “Written Off status in CIBIL Report because of HDFC Personal Loan”

  1. ashalanshu says:

    Dear Siva, Written off status in simple words means – You took a loan, did not repay it and bank tried to collect it’s dues from you but after several attempts, close the loan account as a pending but not recoverable loan account in it’s books.

    Now, just for a while, imagine a situation – My status is written off and I apply for a fresh home loan and you are the banker, w’d you grant me the loan on the basis of my past record or not?

    Thanks

    Ashal

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