What is the meaning of settled in cibil?

Question

Accepted Answer

Settled in CIBIL refers to a status where a borrower has repaid a loan or credit card in full after defaulting or being delinquent.

Settled in CIBIL means that the borrower has cleared the outstanding dues on a loan or credit card after being in default or delinquent.
It indicates that the borrower has resolved the debt by paying the full amount or negotiating a settlement with the lender.
Settled status is considered negative by lenders as it suggests a history of payment issues.
Having a settled status in CIBIL can impact the borrower's credit score and future creditworthiness.
For example, if a person had defaulted on a credit card payment but later paid the entire outstanding amount, their status in CIBIL would be marked as settled.

Accepted Answer

It means some amount are not able to pay a particular given time than some amount decided by authorities pay from payee in one time this is settled down

Accepted Answer

It means some amount are not able to pay a particular given time than some amount decided by authorities pay from payee in one time this is settled down

Accepted Answer

Having a settled status in CIBIL can impact the borrower's credit score and future creditworthiness.

Accepted Answer

Cibil is vry importent loan disparses low cibil no loan

What is the meaning of settled in cibil?

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