Get Rid From CIBIL Credit Card Write Off

Cibil credit card amounts write off is a condition, which happens after continuous 180 days of non-payment of your credit card dues. Banks write offs your credit card account if you do not make the payment, which is due on your card for 6 months.

However, you will still keep on receiving calls from the collection agency but the account is written is a write off account. It indicates the bad history of a borrower and it stays in your credit report for 7 years according to the rules.

Here is how you can remove a credit card write off from your cibil report:

* Well, a write off stays in your credit report for 7 years; but the banks have the power to upgrade any debt three times every seven years and this means that it can actually stay in yourcredit report for complete 21 years. But there is a way out to this and one can improve his/her cibil report by getting rid of this.
* The moment you figure that you have a write off account in your credit report, you must immediately contact your lender. Your lender would surely help you if you are showing interest in making the payment and would not treat you badly or as a bad customer. Get the total amount due on you r card calculated with the help of your lender.
* You may require presenting the last monthly bill statements received and some other details of your credit card. Follow the instructions and give proper details needed. Your bank will now give the exact figure of amount that you owe to the bank.
* Pay this amount and get a no due certificate or payment receipt from your lender. The process is not over yet. You will now have to call up your bank again and request them to update about the full and finalpayment to the credit bureau. You bank will now update this to cibil and within a span of 40 days, the write off will get cleared from your cibil report and the account would be shown as a normal closed account.
* You can contact Cibil directly also, if your bank does not co operate in updating the status to cibil and tell them about your settlement by showing thepayment receipt. After some clarifications and enquiries from the lender, the credit bureau will update the same in your report and your report will be clean.