Credit card with post write off settle status

Querist : Anonymous (Querist) 25 November 2011 This query is : Resolved
Hi,

How can i avail home loan when i have negative information about me in CIBIL with status "Post Write Off Settle". This account was settled after paying the negotiated amount to the bank. The bank says since the account was settled after account was closed so the status in CIBIL is "Post Write Off Settle".

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Shonee Kapoor (Expert) 25 November 2011
The bank is right.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

Raj Kumar Makkad (Expert) 25 November 2011
You cannot avail house loan for some more time.

Devajyoti Barman (Expert) 26 November 2011
Yes unless the name is totally removed.

M/s. Y-not legal services (Expert) 27 November 2011
not only with that bank, i think you can not claim loans from any banks

prabhakar singh (Expert) 27 November 2011
CIBIL is a slate on which bankers write history of their borrowers and enter exchange
the info among them.Hence a clean chit is always required here for being eligible to any loan from any Bank.

Raj Kumar Makkad (Expert) 27 November 2011
If a person has been defaulter, the bank despite of having cleared the account of such defaulter by way of compromise, writes down history so that no further dealing may be done with such person. After a duration of say 6 months to 1 years, such writing automatically get deleted due to entries of latest defaulters and this process go on unending so better to wait for some more time.

Rajeev Kumar (Expert) 27 November 2011
Agree with experts

Sailesh Kumar Shah (Expert) 28 November 2011
Wait some time as detailed advised by Mr.Makkad.

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