Outstanding credit amount

[Arun]

Hi,

I used a HSBC credit card a few years back and had to rush out of station, hence handed it over to a friend of mine to get it surrendered. Since then I have not been stable at any of the location and have been continuously moving. Now after all these years I came to know that the credit card has got an outstanding balance and I have been blacklisted. Also the card was never surrendered. I haven't received any call yet but a common friend told me about this. Now I am willing to settle the things out and don't want to be blacklisted.
I somehow came to know that the outstanding amount a few years back was around 20k.
Could the experts please advice me of a workaround for the same to get everything settled and also about the amount that I would have to pay.
I also don't have the card details now as the card is no more with me and the friend has no contact left around.

Thanks,
Arun

[cardbhai]

Height of Carelessness Mr. Arun. Get your CIBIL Credit Report and you will know the Details of the Card - http://credit.cardbhai.com/2009/08/cibil-credit-report-on-demand-available.html

[harinathbobby]

Height of Carelessness Mr. Arun. Get your CIBIL Credit Report and you will know the Details of the Card - http://credit.cardbhai.com/2009/08/cibil-credit-report-on-demand-available.html

Hello sir

I am Harinath i have taken barclays,hsbc,citibank,icici banks credit cards and loans from hdfc,icici,fullertron, so i have settled all the bank loans and credit cards last these all happen because of age when i was 25 i was working in company somajiguda i got the cards i used it but i was not aware of cibil and credit should be and i have to credit card balance all the stuff my saying is true and i am from middle class family but god grace i have lended the amount from my uncle on the emi based and cleard to all the banks but latest when i applied the credit card for hdfc i did not get it and there is no feedback  from the bank and i got doubt and i have login to cibil and payed the amount and got the cibil report but in that report everything is settled has written  expect two banks status was nil nothing written in the one bank is hdfc bank and karnataka bank 

So please kindly let me know what i have to do now i want go for home loand or personal what i have to to get out this rid and back normal

[cardbhai]

Harinath,

Your Card Application was probably rejected because of "Settled" Status. Your chances of Getting Home Loan is very Low. Personal Loan is also Low but they may sanction at Higher Rate of Interest. But again with kind of uncertainty in Financial Market, nobody would like to Risk.

How to Rebuild Credit ?

Get a Credit Card against some Surety like Fixed Deposit or Guarantor. Rebuild History by paying Bills on this Credit Card. Thus at a later stage [after 18 Months] you will be more comfortable negotiating with Bankers for Loan. If you are Salaried Employee, then your chances brighten further.

Hope this Helps.