Querist :
Anonymous
(Querist) 23 April 2011
This query is : Resolved
Can You plz tell me if a person makes the settelement of his credit card and PL dues,
Would his name be remived from the cibil and how much time would it take?
Advocate. Arunagiri
(Expert) 23 April 2011
If you makes the settlement, (i.e.) you have arrived a compromise lesser than the original due, under this circumstances, the bank will give a report to CIBIL, the matter is settled.
So, your credit rating will be less, while applying to another loan.
Kiran Kumar
(Expert) 29 April 2011
aptly advised by Mr. Arunagiri.
as far as time is concerned the procedural delays are always there.
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