Dear Sir,
This is Rahul, and I have taken two credit cards from ICICI & HDFC in the year 2008. I was using the card and making timely payments but then subsequently things went into the wrong direction. I lost my job and was not able to make payments. My credit card dues were ICICI – Rs56K & HDFC Rs65K in the early 2009. Then I got a new job and got a call from the bank in the year 2010-11 for payments. My total dues as of this time was ICICI – Rs60K & HDFC Rs72K. They offered me settlement which I accepted. And I paid in one lump sum the amount offered by them, (ICICI – Rs40K & HDFC Rs56K).
But my problem is that recently I applied for a new credit card which was declined by Axis bank, I fear that is because my name is in CIBIL list. I am planning to buy a car, so I want to know if I will get a loan for that as it’s a secured loan where the bank will put a LIEN on the car.
So please help me out, by letting me know if I can get any loan or not? If not then what shall I do?
