Auto Loan - Suit Filed/Default/Settled

[arjun697]

Hello! I was checking the one score app after a month just to see what's happening and I noticed my CIBIL score had increase by 5 to 788. However, when I click on Active accounts, there was a pop up indicating 'Open Accounts Decreased - You have recently closed 1 account'.
I haven't closed any cards recently and I notice this could be due to the updated status of my car loan from PNB which shows - Suit Filed/Wilful Default/Settled. I'm not sure what this means since its only been a year into the car loan and the money is auto deducted from my salary account each month on the preset date. So no question of default or settlement. It's just something which will continue. So I'm curious to know why this happened? I checked the PNB loan account status and even over there the amount was taken on the same day as always in Dec and Jan around the 26th. So not sure why this happened.

 

[D₹V]

Suit Filed/Wilful Default/Settled.

Maybe incorrect reporting by PNB.

What it mean here is, you defaulted the loan & later settled the loan with an agreement amount between lender and you which is around principal left.

Suit Filled/Settled is more bad for a credit profile than late payments.

You should immediately contact bank & get it corrected.

At the same time, it may be error of onescore app too.

Recently same thing happened in one of my loan account & I got it fixed. Will have to see the latest report.

Hope it answers your query, you can mark my answer as solution by clicking best answer ☑️ button below my reply.

 

[arjun697]

Maybe incorrect reporting by PNB.

What it mean here is, you defaulted the loan & later settled the loan with an agreement amount between lender and you which is around principal left.

Suit Filled/Settled is more bad for a credit profile than late payments.

You should immediately contact bank & get it corrected.

At the same time, it may be error of onescore app too.

Recently same thing happened in one of my loan account & I got it fixed. Will have to see the latest report.

Hope it answers your query, you can mark my answer as solution by clicking best answer ☑️ button below my reply.

No other option to check it without official CIBIL right? As its a small branch, I can meet the manager easily. Will go check this out soon.

 

[D₹V]

No other option to check it without official CIBIL right? As its a small branch, I can meet the manager easily. Will go check this out soon.

There are many ways to check.

Airtel, GPay, Amazon, etc.

 

[arjun697]

There are many ways to check.

Airtel, GPay, Amazon, etc.

Thank you! I checked in Google pay and there seems to be no indication of default for auto loan until Feb 2024. The Feb due date is around 26th, so guess its a one score issue.

 

[D₹V]

Thank you! I checked in Google pay and there seems to be no indication of default for auto loan until Feb 2024. The Feb due date is around 26th, so guess its a one score issue.

Glad it helped.

You can mark my above answer as solution.

 

[rk2022]

There are many ways to check.

Airtel, GPay, Amazon, etc.

Thanks - I checked on all 3 as I was worried with onescore showing the same.

Everything looks fine. I think onescore is messed up.

 

[Aditikpurohit]

Hello! I was checking the one score app after a month just to see what's happening and I noticed my CIBIL score had increase by 5 to 788. However, when I click on Active accounts, there was a pop up indicating 'Open Accounts Decreased - You have recently closed 1 account'.
I haven't closed any cards recently and I notice this could be due to the updated status of my car loan from PNB which shows - Suit Filed/Wilful Default/Settled. I'm not sure what this means since its only been a year into the car loan and the money is auto deducted from my salary account each month on the preset date. So no question of default or settlement. It's just something which will continue. So I'm curious to know why this happened? I checked the PNB loan account status and even over there the amount was taken on the same day as always in Dec and Jan around the 26th. So not sure why this happened.

Kindly contact Pnb And get it removed
Suit filed a dangerous point on your cibil