after settling your loans will not help you to get the loan approved. CCRIS is NOT CTOS. It was put in place to have an idea of the CHARACTER of the loan/card applicant. If you are a lousy paymaster, then just because you wanted the loan to be approved, you settle your loan... Your character will STILL BE A LOUSY paymaster.... thus, having the CCRIS with a 12months record will show your change in character if you manage to consistantly pay-up...

another thing to note is that, some ppl are mistaken.... if there was 1 time long ago they were overdue for 2 months (or more)(for whatever reason), then from then onwards, consistantly pay EVERY MONTH... but what they are paying is for 2 month's ago's installment. So eventough they pay every month, they are still overdue by 2 months all the way until now..... hence, you must settle those 2 months in arrears.
ppl,

pls dont blame the banks for this... as you borrowed their $$ in the 1st place, or bought that Swiss watch, or that Gucci handbag..... they PAID for it... isnt it fair for you to pay-up when its due?     

  u're not being clear here bro ..

1) fully settled loans (do u mean the installments in arrears? or the whole outstanding balance? ). If fully settled the outstanding balance, the loan will be cancelled and not appear in CCRIS totally. This applies to homeloans, car loans, personal loans.. However, to remove the entire credit card record frm CCRIS, you need to cancel the card after full settlement...

2) your "it will not appear in ur credit report anymore" is also misleading... if u're talking about installments (which u said make 11 installments for a 10months in arrears) .. in this case, your bad record will still be in CCRIS. Even after the bank updates, its the CURRENT month onwards that is cleared. the past 11 months will still show bad record.... if u're paying consistantly every month frm now onwards, then after 1 year, you have NO MORE bad record