Removing suit filed willful default written off settled status
2 years ago
Hi. I took an education loan from the Bank of Baroda and did some instalments after the Moratorium period. Since I had a very low salary at that time, I was not able to pay the remaining instalments. Bank officials finally advised us to do a one-time settlement and settled the loan with the amount they put in the settlement statement. But they blacklisted me and put Suit filed wilful default written off settled status in the report. I came to know about this when I went to a different back to take the loan. I would like to know if there is an option to remove this status from the credit report so that I can take loans going forward.
A.Dear Sir,
Yes, you may either go to banking ombudsman or get issue a legal notice.
I could have explained more if background is known to me. You are supposed to give more details to get detailed answer.
Please be inform that free questions deserves to be attended on priority basis so be brief but disclose summary of your case.
Yes, you may either go to banking ombudsman or get issue a legal notice.
I could have explained more if background is known to me. You are supposed to give more details to get detailed answer.
Please be inform that free questions deserves to be attended on priority basis so be brief but disclose summary of your case.
Helpful
Helpful
Share
Read Related Answers
Repayment of loans and credit cards
Dear Client,
Under the Provincial Insolvency Act, 1920 (which is now repealed as IBC Code 2016), you can file for bankruptcy if you are unable to repay a debt greater than ₹500. After analyzing wheth...
Multiple unsecured loan defaults
Dear Client,
Once a borrower fails to repay his debt, the Lenders/FIs initiate a routine course of action for recovery of the loan/debt from the borrower following the provision under the SARFAESI Ac...
Unfreeze
Dear Client,
Once a cybercrime scam or fraudulent transaction is reported online to the National Cyber Crime Reporting Portal(NCCRP), on the instruction of the Cyber Crime Cell, the investigating tea...
For bank loan
Dear Client,
the loan amount must be repaid by the legal heirs of the deceased or the nominee by the deceased if the assets would be frozen by the bank. there is no other legal remedy to non payment
Bankruptcy and Debt
Dear sir,
You may join any reputed NGO and render your personal service where you can get at least free accommodation and boarding.
Read Blogs on Bankruptcy and Debt
Bankruptcy and Debt Lawyers
Find Lawyers by Location
