How can i solve my written-off status to "closed with nil dues" as i have settled my education loan
mohan
(Querist) 11 July 2015
This query is : Resolved
I have repaid my education loan with sbi under NPA Status. But it is still showing as WRITTEN-OFF in my CIBIL Report. I currently have two more house building loans which i am paying properly and has no issues with them and filing ITR properly with an income as shown Rs 311000/-. But as my CIBIL score is 560 i failed to get a credit card. My questions are :
1. How can i solve my WRITTEN-OFF status to "Closed with Nil Dues" with SBI?
2. How can i get a minimum balance credit card against a fixed deposit?
I deal in IT Services business so i need to buy online regularly and my debit cards are not supported by all online purchase mediums, they need a credit card. So, how can I convince my banker "bank of india" and "icici bank" to give me a credit card against a fixed deposit?
3. Should i approach ombudsman for a solution with SBI as i have repaid their loan under a settlement as suggested by them which may now hurt my cibil score. Can SBI still do anything so my loan status comes as closed with no dues, if so what are they and what i need to do?
Kumar Doab
(Expert) 11 July 2015
Did the bank issue you any statement showing the settled amount as 'balance amount' and another statement showing the payment of balance amount and payment of balance amount and c/f as NIL?
Since you have entered into settlement the amount unpaid by you has been Written Off.................and it is repelling for CC companies.
M/s SBI bank also sells CC of its subsidiary SBIPCSPL (SBI Cards) linked with FD.
So ideally you should press them.
Or settle the written off amount preferably thru your lawyer and after obtaining written statements from M/S SBI bank.
Rajendra K Goyal
(Expert) 11 July 2015
Consult the concerned (SBI) Bank to do the needful.
Kumar Doab
(Expert) 11 July 2015
Settlement is adverse entry.
Dr J C Vashista
(Expert) 12 July 2015
Contact the bank for removal of your name from the entry of "Written off" and improve your CIBIL Report.
