Loan Written Off vs. Settled: What It Means for Your CIBIL Score in 2025
Between a loan being written off and settled, are you confused? Borrowers look at these terms on their CIBIL report and get scared. Rightly so, both can impact your creditworthiness. But they're different, and the difference matters if you're planning to improve your credit score or access new loans in the future.
In this article, we tell you what "loan written off" and "loan settled" are, how they affect your CIBIL score, and how you can improve a bad credit report.
What Is Loan Written Off Meaning in CIBIL?
"Written off" in CIBIL means the lender has written off your loan or credit card account as a loss in their books since you have not paid the dues in 180+ days. This does not mean that the debt is waived, only that the lender no longer thinks they will get the money back in the near future.
Know More About Loan Written Off vs. Settled: What It Means for Your CIBIL Score in 2025 : https://revfin.in/resources/bl....ogs/loan-written-off
