Sir,
I have applied for a personal loan of Rs 3, 80, 000 in HDFC Bank and I do have a similar loan in HDFC of 2, 50, 000. I have an ICICI Credit card which had a limit of 95, 000. Current Outstanding amount for Credit Card in ICICI is 20, 000. I have requested ICICI people to convert this total outstanding into EMI's. They had a feature "SMART EMI". They converted the total outstanding into EMI's. EMI's were not yet started. When I applied the personal loan in HDFC, they received CIBIL report saying "CREDIT WRITEOFF AGAINST THE CREDIT CARD". My question here is When I choose a feature of ICICI to repay the outstanding amount of CREDIT CARD, how can the CIBIL says that its a WRITEOFF amount and hence the HDFC Bank had rejected my personal loan. Even the ICICI Bank people didn't update me saying if I enable this option it will effect the future loan applications. Now I'm helpless, so approaching the blog for a solution.
Thanks in Advance
Ravi Kiran
9581002511
[email protected]
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