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Credit Cards / Loan Products in India => India Credit Cards / Personal & Business Loans => Topic started by: bhanukishor12@gmail.com on July 07, 2012, 11:27:34 AM

Title: CIBIL-Report-How many year's account history will list in the report
Post by: bhanukishor12@gmail.com on July 07, 2012, 11:27:34 AM

I had a HSBC credit card  and not using from 7 years .Account has a pending balance of 10000/-.Suddenly some settelment team is calling me and  asking me to pay 150000/-.

 Can they proceed any legal complaint with inactive details after7yrs also.I would like to know INDIAN LAW/GUIDELINES about  Credit Card  payments and account validity.


Can CIBIL  will maintain these account details after 7 yrs and will show in the consumer report?

Title: Re: CIBIL-Report-How many year's account history will list in the report
Post by: chetan on September 21, 2012, 10:49:25 AM

1. Credit History is forever, until the end of your life.

2. Read More Here - http://www.cardbhai.com/2011/07/rules-cibil-status-update-settlement-of.html