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Citibank Credit Card — Name in CIBIL after Final Settlement on Card

Dear Team,

This is with reference to my citibank credit card for which i have done a final settlement.
To just give you a brief i had taken a loan on card, Which i was not able to pay for a while due
to personal financial problems. I then settled the card as full and final settlement with the bank,
Through a agency deployed by the bank. I have got the settlement letter from the bank.
The settlement value was 2.5 Lak.

My current problem is that i want a loan to manage my current situation which is not possible due
to name in CIBIL.

Pls. suggest and guide me how to approach and whom to for resolving this problem.
I sincerely belive that once i have paid the amount there should be not hurdels for the banks to
send a responce to CIBIL since the settlement was mutually done.

Awating responce.

Thanks & Regards
G S Kamath
Complaint comments  5 Comments     Updated: Share0Tweet0

Comments

City Bank Card — I want to final settlement

Respected Sir,
My son Mr. Narendranath Reddy has taken a credit card. and he misuse it. It will came to my notice after few days. now he is not in my house. but the credit card holders are arrashing to finalise the amount. I agree and settle the amount for Rs. 30,000/- by 10 instalments. I paid three instalments also. but I am not welthy to pay that amount also due to my financial problems. I want to settle the amount by anyway. please would you arrange the settlement with CITY BANK holders for few amount.
Card Holder's Name : P. Narendra Nath Reddy
Card : CITY BANK CARD
hi,

all credit information are sent to CIBIL, citibank would have not send your latest information to CIBIL on your closure, contact citibank customer care, blast them and ask them to update the details in CIBIL or let me them know you will file a case with consumer court. one of my friend did that last week and he got his records corrected in CIBIL and his loan got approved. i will get intouch with him on what are the details you need inorder to get in touch with CIBIL
Dear Team,

This is with reference to my Citibank credit card for which i have done the settlement.
To just give you a brief, I had stopped using Citibank credit card since last 1 year, till date they have collected the payment which is approximately nearby I used. The total outstanding of mine is 77834/- till dated 6th July 2009. As per the settlement they offered the principle amount given is 52848/- which is divided in EMI of 24 months,
through an agency deployed by the bank. I have accepted the offer and got the settlement letter from the bank.

My current problem is that i want a car loan which is not possible due
to name in CIBIL.

Pls. suggest and guide me how to approach and whom to for resolving this problem.
I sincerely believe that once i have paid the amount there should be not hurdles for the banks to
send a response to CIBIL since the settlement was mutually done.

Awaiting response.

Thanks & Regards
A. A. Pednekar
I have a Citibank card in which I pay off the balance each month.
I recently received a notice of an APR change. The reasons given:
1) I do not make the minimum payment when due
2) go over the credit line, or
3) make a payment to us that is not honored.

Now the APR change does not affect me because I pay off the balance each month.
But I was insulted by form letter that was sent out to me.
Upon calling, it became clear to me that the company wants to get rid of "deadbeats" like myself. If Citibank insults the customer, they'll then likely tear up their card.

My answer is: don't tear up your card. Each month use the card to buy a stick of gum. Let's tie up Citibank for the billing. Granted, my return postage will cost more than the gum.
But it's worth it.
I am using ICICI credit card since 3yrs from 2007 to 2009. 21/2 years I have made the payment regularly without fail. But November & December 2008 I could not made the credit card payment, due to some financial problems. That time my outstanding was Rs. 23, 700/-, (approx) In the month of January 2009 With out intimating me they have debited Rs. 9, 500/- from my Savings account, which is kept for Loan EMI. Because of that my loan EMI cheque got bounced. Immediately I went to the bank and asked about the reason, they have not responded me properly. Since then I stopped paying the amount to ICICI credit card.

Now, recently they have called me after 5 months regarding the same (Now the outstanding is 44, 400/-). I asked them to settle for Rs. 15, 000/-. One of the ICICI Credit Card representative saying that If I go for the settlement (paying the amount Rs. 15, 000/-) for the said amount in one payment, my account details will not go to CIBIL.

My questions are...
1. Can I go for the settlement.
2. As per the ICICI Credit Card representative, If I go for settlement, my name will not be added on CIBIL.
3. How can I believe them.
4. Will they give in written saying that my name will not be added in CIBIL on the settlement letter.

Please advise, how should I proceed in this case.

Thanks
Prabhas

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    Citibank Credit Card - Name in CIBIL after Final Settlement on Card