Samar jeet singh
TF Buzz
What is Adverse payment and how to remove this from cibil.
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Adverse payment
- Thread starter Samar jeet singh
- Start date
- Replies 11
- Views 698
Can you share the masked screenshot?
Even I am not aware of this.🤔🤔
By looking into the screenshot maybe experts from here can help you!!
Have you recently made any late payments or defaulted?
Without knowing the entire thing, it will be difficult to advise you.
Samar jeet singh
TF Buzz
Yes bro . I have overdue of sbi card.. and account sold to kotak mahindra bank.. now i have fully paid to kotak bank.. but in cibil only kotak account closed not sbi till that.. i have applied for a loan and got rejected.. reason is, adverse payment
Did a lender take a write off on any of your debts? Or any sort of debt restructuring due to default?
Samar jeet singh
TF Buzz
Yes .i have a settlement of credit card.. and have over due . But now i did clear overdue amount 2 months ago.. but still settlement is open
Delinquent payments ki wajah se hi adverse wala case aaya hai. Iska scene jaldi sort karo.
You need to close that and provide SBI with proof of payment settlement. It may take time, but resolving this is crucial for future loan or credit card applications. Focus on clearing the issue and improving your CIBIL score. Consider approaching small finance companies for a loan, as banks may be hesitant to lend to you for now.
Samar jeet singh
TF Buzz
Tab settlement jaldi clear Karo warna mushkil hai
Samar jeet singh
TF Buzz
Ha bhai.. bs usme thoda time lgega. But settlement jo 4 year phle kia tha. Wo ab bhi effect kr rha h kya..cibil vaise thk h mera
Cosmicgaze
TF Select
If cibil shows that the loan/card was sold to another it usually happens when a person has not paid for a long time.
When I had defaulted for 3 months my cc I did repay it in a week and was worried I will never be able to get loans or cards in future from hdfc or anyother banks. The person who was assisting me from the bank (retail or was it something else) I asked the same question he basically said that my default was still with the bank and did not move to collection or recovery attempt was just at intimation phase. He said if a person pays in full during this phase credit score takes a hit cause it shows days past due but it does not have a deragatory remark yet. If a person does not clear in this time then it goes to collection if that fails then the amount is sold to other agency’s or banks to recover when this happens a bad remark is added and usually bank will add person on defaulters or black list.
If a person does settlement also it may prevent person from availing loan or credit card from the same bank. And maybe other banks would see this and if you have two accounts that went in default or settlement chances of being accepted are very less.
My default happened in may-July in august my savings account was frozen. During that time I had health issues and the registered phone was not with me my mind was not in right place. August first week account was frozen when I tried contacting a person from retail division contacted me and said I have to visit the office to sign documents. He said I can pay however I want full or parts (through net banking) when entire amount is recieved card will be closed forever. And I can apply again after some months. My score on equifax was 480 during august. By third week of august I paid the entire amount. Bank sent noc. Person called and said very less people with overdue payments paid up in full very quick, you did so bank may take into consideration as it wasn’t intentional and approve another application sooner if you try.
I did not apply again. By October equifax score went to 710 jumped 230 points account was marked as closed no dues.
This was 6 years back. I got cards and pre approved loan offers now.
For you I would suggest taking a secured card and build score back.
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