Which option will increase my CIBIL score ? Foreclosure or settlement

[samkapoor77]

I have personal loan from HDFC bank and for last more than 727 days, I am unable to meet my dues. Bank has communicated to me that if I will not settle my loan with them then they will file a case against me. They have also given me an option of foreclosure whereby they are ready to remove late charges. What should I do and how to improve my CIBIL score?

[samkapoor77]

Don’t go for settlement, choose full and final settlement. In case of foreclosure, make sure that DPD will be removed and don’t forget to get NOC from HDFC.

[Author]

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