Ask Amitoj- The Loan Guru

(Ques) Because of I.C.I.C.I and SBI cards my name is there in CIBIL. Now I need a personal loan. I cleared all the credit card settlements and I am having the settlements letters. But no bank is giving me the loan or credit card because of that. I got a report from CIBIL. In that I.C.I.C.I over due shows zero but still SBI is showing the overdue amount of 8857. So I am in process in contacting SBI people to make it zero. But it takes time. now i need a personal loan. What to do? I am already having personal loan in icici and hdfc with good track.

Date: 2008-05-30 16:21:50

Query : Sir,
I used to hold the credit card of HDFC and CITI BANK,due to some issue we went for settlement with each of these banks.
I had a full and final settlement letter from CITI BANK and an agreement letter from HDFC for the final amount settled.
Recently i applied for personal loan with ICICI and subsequently with CITI BANK,I was told that the status in the cibil is shown as WRITE OFF with each of these bank.