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Credit Cards / Loan Products in India => India Credit Cards / Personal & Business Loans => Topic started by: travi on April 26, 2012, 12:15:57 PM

Title: CITI bank credit card settlement
Post by: travi on April 26, 2012, 12:15:57 PM

Hi CardBhai,

I was not paying for the citibank CC since 4 yrs as I was having a interest rate issue with the bank, I mailed them about the same and no reply from them, now in the CIBIL report it is in "written off" status, and the principle amt is Rs:65884. When I contacted bank they said to pay Rs.65884 and cibil status will be nill, after negociating they came down to Rs.46k(30% less) and they say my cibil status will be "Settled post Write-Off’ with NIL outstanding". Please let me know
1.whether in near future am I eligible for any kind of loan with this status
2. Or shall I pay full principle amt.

Regards,
Ravi

Title: Re: CITI bank credit card settlement
Post by: travi on April 27, 2012, 06:54:34 AM

Hi CardBhai,

Please reply on this ASAP, based on your inputs/suggestions I will move ahead.


Regards,
Raghu