Hi,
I had defaulted on my PL in 2006. I settled the loan 6 months back with a waiver of 35,000.00 Rs.
My CIBIL score had taken a bad beating and it stands at 600.
I want to pay this off .
1. Even if I pay this off , what is the possibility of applying some credit card or loan to improve my credit score?
2. Assuming I get a credit card ( at least secured card) , How long will it take to reach a good credit score after paying off my existing settlement fully?
3. Is secured Credit cards the only way to improve my credit score ?