Need A Financial Product › Forums › Loans › What does ?no suit filed’ in CIBIL report stands for

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • November 10, 2014 at 10:12 pm #48388
    samkapoor77
    Keymaster

    I want to apply for a car loan. I checked my CIBIL report, score is 736 and my old credit card from Standard Chartered Bank is showing balance as Rs. 52,000 and in front of status it is written ?no suit filed’. Do I need to clear this issue before applying for loan? Should I pay in full or settle my credit card dues with Standard Chartered?

    November 12, 2014 at 5:24 am #48389
    samkapoor77
    Keymaster

    Repay your dues in full. If you choose to settle then it will be marked in your CIBIL report as your inability to pay in full. This will negatively impact your loan eligibility.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.