Loan Refund
By k4karthik
@k4karthik (439)
India
October 18, 2009 5:00am CST
I have taken a two wheeler loan. I was defaulted two three times. My friend threaten me that even though i made the payment later, my name is updated in Sibel as defaulter. Also i will not get any more loans from any bank now onwards.
I have credit card too. I never made any late payment. Is this helps me to improve my rating in Sibel. What can i do for the mistake i have done.
1 response
@abhikmjmdr (779)
• India
19 Oct 09
Have you cleared all your arrears and is your account in good standing now? How long have you left to repay the rest of your loan? All this will affect your rankings and it will be a while, at least a year, to restore your good standing before you can get any other loan.One defaulter account tarnishes your overall credibility and your good credit card account will not help you get back on track immediately.
