Date:
Name:
E-mail:
Message:
City: Hyderabad
Employement Status: Salaried
Date of Birth: 25-03-1985
Earning Members: 1
Dependants: 2
Net Salary: Rs. 16500
Assets
Property: Owned
Vehicle: Do not own
Other Assets: Do not own
Loan Details
Loan Type: Personal Loan
Loan Amount: Rs. 250000
Tenure: 48
Emi: 9500
ROI: 18
Emi Paid: 6
Query: Hi
I have two different personal loans one with hdfc and one with icici. Combining both it is around 25000 towards which i make a payment of nearly 9500.
I also had a credit card with citibank on which i never used to receive bills so i use to inform them on a regular basis made minimum payments for nearly 6 months on not receiving the statement i stopped making payments. After 3 months i went to there collections office and paid off 67000 towards the purchases they said they will not take any interest so waived of nearly 12000, so i thought everything is ok with my profile. But when i applied for a loan of 75000 from icici they told me that citibank has reported me as a defaulter with CIBIL. So i contacted citibank collections office then told me that what ever amount i paid was towards the settlement of the credit card, which i know obviously will reflect negatively i never recievd statements but the problem here is i cannot even raise a complaint coz i dont know how to do it. But what i need now is to no how is my credit standing gonna improve. Please give some suggestions and tips.
Regards
Date:
Message:
Dear
Once you start regulating your payments & making them on time towards your other debts will your credit score improve.Normally it takes 6 months to a year.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi