if we go for credit card settlement will our name be there on cibil

India
February 22, 2010 8:53pm CST
hey i have this doubt what would happen if we go for settlement on credit cards will our name be in CIBIL , what are the ways to improve credit ratings awaiting your reply
2 responses
rajunayak
@rajunayak (16)
• India
23 Feb 10
actually you use your credit card at any time then it will improve your credit ratings ok.
vigneshindian
@vigneshindian (203)
• India
23 Feb 10
i dont understand
Reyk22
@Reyk22 (131)
• United States
4 Mar 10
I think he is saying that using your credit card and paying on time or early will increase your credit ratings gradually, although I don't know how it applies lol
raynejasper
@raynejasper (2322)
• Philippines
23 Feb 10
..hi.. as far as I know, if you settle your account and pay your bills, your name won't be in the CIBIL.. And even if you settle your account in court, it won't still happen.. why? because credit card companies are service providers and if they put our names in the CIBIl, then we will be deprived of our other privileges as a customer.. and nobody has been sent to jail because of debts.. that's certain..
vigneshindian
@vigneshindian (203)
• India
23 Feb 10
i am not thinking of that extent . my issues are that future loans should nt be affected thats what i am asking for . imagine outstanding is 30000 and i settle only 12000 will i be deprived of future loans