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Credit Cards / Loan Products in India => CIBIL Credit Report Score => Topic started by: ashishthakur78 on January 19, 2011, 04:28:08 PM

Title: Understanding CIBIL Report
Post by: ashishthakur78 on January 19, 2011, 04:28:08 PM

Hi,

Just now I got my CIBIL report, in front of CITI Bank it is written POST(W/o) Settled, in Frontof HSBC it is written Settled and Infront of Asix bank it is written written off. Whats the difference between all the three.


Regards,


Ashish

Title: Re: Understanding CIBIL Report
Post by: nagaraj on January 28, 2011, 03:05:42 PM

All the three are same, it means u havent closed the a/c with these banks-once u clear the amount with this banks the status should be shown numeric (0) of closed--it means who dont have a bad credit history-

Title: Re: Understanding CIBIL Report
Post by: cardbhai on February 02, 2011, 01:31:40 PM

Quote from: ashishthakur78 on January 19, 2011, 04:28:08 PM

Hi,

Just now I got my CIBIL report, in front of CITI Bank it is written POST(W/o) Settled, in Frontof HSBC it is written Settled and Infront of Asix bank it is written written off. Whats the difference between all the three.


Regards,


Ashish

Settled Means - You have Defaulted first and then you have come for Settlement and hence the Bank has Settled.
Written Off - Its a bad Debt in the Books of Accounts of the Bank.

Title: Re: Understanding CIBIL Report
Post by: ashishthakur78 on February 04, 2011, 02:52:58 PM

Thank you Card Bhai

Title: Re: Understanding CIBIL Report
Post by: Imran84 on May 19, 2011, 05:00:59 PM

Hi Ashish,

I have seen your Credit card settlement topic, Congratulations to Tension free life...

i'm also defaulter of SCB...i want to settle this issue..

Can you please tell me if we bargain with bank and settle 20 or 25% after that they will not make any problem.

And also please let me know how what are things to be note carefully at the time of the payment?

Thanks in Advance.