Via -Email
HI
Right from 2004 I have been paying my all EMI's regularly. But my cibil score is 670. I think thats bcos of ICICI card status as Written off. Now I have settled and they would change the status as " Settled". By doing this my cibil score improve?
Please tell me if you know this topic.
Regards
Manohar
Yes once you settled this should help improve your score. Keep paying the existing EMI without any delays and eventually the score will improve.
Also, note that, in India as on today, score does not mean anything. A client came to me with a score of 822 and solid balance sheet. He was declined loan of just Rs 100,000 for business by HDFC Bank citing high risk profile as he was from IT sector. So lot depends on your rapport with bankers, usually old banks SBI, Canara, BOB etc.
Thanks.
