Help me undertand effect of paylater accounts on CIBIL Score

[Harshal4]

Hello Guys,

I need your help to decide whether I should close my flipkart paylater and paytm postpaid accounts.
I have these accounts for last 2.5 years. I dont use them at all since I got credit cards now(Oldest cc is 10m old). Should I close flikart/paytm postpaid?
If yes could this affect my cibil in a bad way?

 

[BeingIncog]

Should I close flikart/paytm postpaid?

yes

If yes could this affect my cibil in a bad way?

maybe for sometime but not for long, as it'll recover or doesn't happen anyting. but close them.

 

[saucy]

Pay later accounts for some totally sus reason are seen as negatives on cibil score.
So your score should increase on closing them. If not immediately, in a month.

 

[unusedbrain1]

really how so . explain a bit

Pay later accounts for some totally sus reason are seen as negatives on cibil score.
So your score should increase on closing them. If not immediately, in a months

 

[unusedbrain1]

Hello Guys,

I need your help to decide whether I should close my flipkart paylater and paytm postpaid accounts.
I have these accounts for last 2.5 years. I dont use them at all since I got credit cards now(Oldest cc is 10m old). Should I close flikart/paytm postpaid?
If yes could this affect my cibil in a bad way?

i too have paytm Pay later 3k, Flipkart 50k. & cc of 90+20+20 .
M thinking of Closing Paytm paylater.as & when i get 2-3 more cc approx 100+ limit . then after a year Gonna Close Flipkart. when my old Cc Will be 12-15 month old

 

[saucy]

really how so . explain a bit (10 marks, UPSC 2024)

There, fixed it for you.

Try finding cibil ka formula. Full disclosure - it might cost you your username