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Non updation of payment status in cibil
29-Dec-2023 (In Banking / Finance Law)
Hi sir I'm capt pemba lhamu bhutia Indian army, I got your number from some known person of yours. I am holding a credit card of indusind bank, I missed some payments of 4 months and the delayed payment was for 90days, as a result overdue amount was 30000, and during the month of August I paid amount 30000, as per date now according to statement my outstanding is 45000 card limit is 75000. I applied for personal loan but my application got declined many times , reason being there is no update from the banks end to my cibil report . Kindly assist me sir
First of all you have to clear all the past dues of the credit card and have to correct your cibil score by contacting your credit card issuing authority and ask him to update cibil score afterwards if your cibil score is up to the mark then you are qualified for personal loan
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Adv. Ajay Garg
Delhi | 100+ Answers
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Dear Captain
I’m sorry for the hardships being suffered by you. In your case I will advise you to clear all the outstanding balance as reflected in your credit card account statement. Credit card over dues bears a hefty penalty and a penal interest rate which is around 46% per annum. If your outstanding balance is not cleared the Indus ind credit card company will keep on sucking your hard earned money. You are advised to fully pay all the outstanding balance and request the credit card company to struck off your late payment record.
I’m sorry for the hardships being suffered by you. In your case I will advise you to clear all the outstanding balance as reflected in your credit card account statement. Credit card over dues bears a hefty penalty and a penal interest rate which is around 46% per annum. If your outstanding balance is not cleared the Indus ind credit card company will keep on sucking your hard earned money. You are advised to fully pay all the outstanding balance and request the credit card company to struck off your late payment record.
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Adv. Suraj Prakash
Delhi | 25+ Answers
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You may call the Customer care of Indusind Bank and they will assist you in resolving your grievance. But if you have availed the credit facility, I advice you to repay the amount or request them to allow you to repay by easy monthly installments, so that your Cibil report is clean for future banking transitions and loans etc.
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Adv. Mahesh Singh
Delhi | 25+ Answers
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