Learn if you can get a loan with a 750 CIBIL score but Written-Off, Settled, or Suit-Filed remarks. Fix your credit with CrediBoost Solutions Pvt. Ltd.
Introduction
The CIBIL Score is one of the most critical factors in loan approvals in India. Every time you apply for a personal loan, home loan, or business loan, banks and NBFCs check your credit profile. A score of 750 or higher is usually considered excellent, signaling responsible credit behavior.
But here comes the big problem—what if your credit report carries negative tags like Written-Off, Settled, or Suit-Filed?
This situation is common for many borrowers across India. Even after maintaining a high score, they face loan rejection reasons due to such negative entries. In this detailed guide, we’ll break down:
- What these remarks mean,
- Why they matter more than the score itself,
- How they affect loan approval, and
- What solutions exist for credit report correction and repair.
1. What Is a CIBIL Score and Why Is It Important in India?
The CIBIL Score is a 3-digit number ranging from 300 to 900, maintained by TransUnion CIBIL. It reflects your creditworthiness.
- 750–900: Excellent (ideal for fast loan approvals)
- 650–749: Fair (loan approval possible but may involve higher interest rates)
- 550–649: Poor (loan approval difficult, collateral may be required)
- 300–549: Very poor (loan rejection almost guaranteed)
Most Indian lenders treat 750+ as the golden threshold. However, they don’t just stop at the number—they dive into your full credit report. That’s where issues like Written-Off, Settled, and Suit-Filed show up and cause trouble.
2. What Do Written-Off, Settled, and Suit-Filed Mean in a CIBIL Report?
2.1 Written-Off
- Occurs when the borrower fails to repay dues for a long period.
- The bank moves the account into a loss category.
- Important: It doesn’t mean the loan is forgiven. The dues remain payable.
- Impact: Written-Off accounts stay on your report for years and strongly reduce trust.
2.2 Settled
- A settlement happens when a borrower negotiates with the lender to pay less than the full outstanding.
- Example: If dues were ₹1,00,000 but you paid ₹60,000 as “final settlement,” your account status will show as Settled.
- Impact: Lenders assume you couldn’t manage your dues fully, so you’re a high-risk borrower.
2.3 Suit-Filed
- This is the most serious remark.
- It appears when a bank files a legal case against you to recover unpaid dues.
- Impact: Even with a score above 750, most banks will reject your loan if “Suit-Filed” is on your report.
👉 Together, these remarks are major red flags and directly affect loan eligibility in India.
3. Why Negative Remarks Can Override a High CIBIL Score
Even with a 750 score, if your report shows negative remarks, lenders will hesitate.
Here’s why:
- Score = summary → It shows trends and patterns.
- Remarks = reality → They reveal whether you ever defaulted or entered disputes.
- Lenders in India focus on risk avoidance, so even one bad remark can overshadow years of good behavior.
This is one of the biggest loan rejection reasons in India.
4. How Banks and NBFCs Evaluate Loan Applications Beyond the Score
Banks follow strict criteria:
- Repayment History: Did you pay EMIs on time?
- Default Records: Any late payments, write-offs, or settlements?
- Credit Mix: Do you have both secured (home loan, car loan) and unsecured (personal loan, credit card) loans?
- Legal Status: Are there any active “Suit-Filed” cases?
- Current Obligations: How much debt is currently unpaid?
👉 This means credit report correction is just as important as improving the score.
5. Why Loan Rejection Happens Even With a 750 Score
Let’s take a scenario:
- You have a 750 score.
- Your repayment behavior in recent years is excellent.
- But your report shows a Settled account from 2018.
The outcome:
- Some banks will reject instantly.
- Others may approve but only with higher interest rates.
- Some may demand collateral or guarantors.
Thus, score alone cannot guarantee loan approval.
6. Real-Life Examples
Case Study 1: Personal Loan Decline
A salaried professional with a CIBIL score of 770 applied for a personal loan. However, the report showed a credit card written-off account. The application was rejected.
Case Study 2: Home Loan Rejection
An individual had a score of 755, but his report carried “Suit-Filed.” His home loan application was turned down, despite stable income.
Case Study 3: Loan Approval After Report Correction
One borrower had a Written-Off car loan from 2016. He repaid the full balance and obtained a No Dues Certificate. After updating his report through CIBIL, he successfully secured a home loan in 2022.
👉 These examples show how CIBIL score repair in India is essential before applying for big-ticket loans.
7. Can You Still Get a Loan With Negative Remarks?
- Personal Loans: Very tough. Lenders usually reject.
- Home Loans: Possible if remarks are very old and recent history is clean.
- Business Loans: Easier if collateral is available.
👉 In all cases, credit score improvement services can help clean your report and improve your chances.
8. Conditions Where Lenders May Approve Despite Negative Histor
- Negative entry is 5+ years old.
- Borrower’s current repayment record is strong.
- Applicant has a stable job or high income.
- Collateral or guarantor is provided.
- The borrower has closed all past defaults and updated the report.
9. How to Fix or Remove Written-Off, Settled, or Suit-Filed From CIBIL Report
- Clear Dues: Pay off outstanding balances in full.
- Get a No Dues Certificate: Ensure your account status is updated as “Closed.”
- Negotiate With Banks: Convert Settled/Written-Off to Closed by paying remaining dues.
- Resolve Suit-Filed Cases: Work with banks and legal teams to withdraw or settle cases.
- Request Rectification: Raise requests with CIBIL for updates.
- Hire Experts: Use credit repair agencies in India for professional help in credit report correction.
10. FAQs
Q1. Does a high CIBIL score guarantee loan approval?
➡️ No. Negative remarks can still cause rejection.
Q2. How long do negative remarks stay on my report?
➡️ Typically up to life time.
Q3. Can I remove a “Written-Off” status?
➡️ Yes, by repaying dues in full and asking the bank to update the status.
Q4. Do settlements permanently affect future loans?
➡️ Yes, until cleared. Settlements reduce trust and loan approval chances.
Q5. Who can help with CIBIL score repair in India?
➡️ Professional agencies like CrediBoost Solutions Pvt. Ltd. specialize in credit repair and report correction.
11. CrediBoost Solutions Pvt. Ltd.
If you are struggling with loan rejection in India because of Written-Off, Settled, or Suit-Filed accounts—even with a score of 750+—it’s time to act.
CrediBoost Solutions Pvt. Ltd. offers:
- CIBIL score repair in India
- Credit score improvement services
- Credit report correction assistance
- Support in clearing Written-Off, Settled, and Suit-Filed remarks
- End-to-end guidance to improve loan approval chances
📞 Call Now: 8099690448
📧 Email: crediboostsolutions@gmail.com
🌐 Website: crediboost.in
👉 Don’t let negative remarks block your financial goals. Contact us today and rebuild your credit health.
Conclusion
Having a CIBIL score of 750 is excellent, but it is not the only factor lenders consider. If your credit report contains Written-Off, Settled, or Suit-Filed entries, your chances of loan approval can drop significantly.
The good news is—you can fix it. With the right steps and the help of credit score improvement services in India, your report can be cleaned and your financial future secured.
CrediBoost Solutions Pvt. Ltd. is here to guide you every step of the way. Start today, repair your credit, and make yourself loan-ready again.