What Does It Mean When a Loan Is Written Off?

What Does It Mean When a Loan Is Written Off?

What Does It Mean When a Loan Is Written Off?

A loan write-off does not mean your loan has been cancelled or forgiven. It simply means the loan has been classified as overdue in our records. You are still responsible for repaying the full outstanding balance.

How to Clear Your Balance

  1. You can just fund your Carbon account with the amount you want to repay.

  2. In the app, go to “Repay Loan” to complete your repayment.

Once repayment is made, your loan status will be updated in our system.

Why This Matters

Timely repayment helps improve your credit standing and may increase your chances of accessing higher loan amounts in the future.

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