I seek help from someone knowing complete details about credit card. If a person is defaulter from a particular credit card, his name go to the data bank of defaulter due to which he / she can not take any personal loan / credit card / car loan / housing loan as while cross checking the credentials of that particular person the banks come to know about the default thereby they regret that they can not offer him / her the loan. Now if that person repay the default amount or do the settlement, still his / her name reflect in that data bank for years. What is the reason for it and what is the process of deleting his/her name from that data bank of all banks. Is there any time limit that for so many years his / her name will be there in that data bank.
