How to improve cibil score beyond 760

[bhaveshbhai]

Suggest how can I improve my cibil score from 760 which is stuck around this for quite some time.

I have never delayed any payments since last 15 years, always paid my credit card bills in full. I have never utilized more than 10-20% of my credit limit. But I have only unsecured loans (17 credit cards) which are open in my cibil report, I don't wish to avail any new loan (secured) just for improving the cibil score, but I don't understand what else can I do to improve the score.

I use around 7-8 credit cards regularly from my 17 credit cards, should I close others (all are benefecial for yearly sales)

 

[D₹V]

760 is fine bro. Nothing wrong in this.

If you can manage to lower the usage to 1% or even 0.

It might increase.

 

[D₹V]

But again it's a lot of headache.

And we have so much to do in life.

So just ignore it & live life simply ✨ i.e. keep using card as you use (10-20% usage).

 

[1RC]

Suggest how can I improve my cibil score from 760 which is stuck around this for quite some time.

I have never delayed any payments since last 15 years, always paid my credit card bills in full. I have never utilized more than 10-20% of my credit limit. But I have only unsecured loans (17 credit cards) which are open in my cibil report, I don't wish to avail any new loan (secured) just for improving the cibil score, but I don't understand what else can I do to improve the score.

I use around 7-8 credit cards regularly from my 17 credit cards, should I close others (all are benefecial for yearly sales)

I can help but you got to do as I ask and not cut corners. If you are up. DM me.

 

[pothi]

@bhaveshbhai why do you want to improve beyond 760?

 

[James]

Mine is stuck with 735. I want to increase ti 750 +

 

[John Since]

Regularly use all the CC and make atleast one payment on every card even if it's Rs.1/-
Unused cards will be not be counted as prompt payment afaik.

Suggest how can I improve my cibil score from 760 which is stuck around this for quite some time.

I have never delayed any payments since last 15 years, always paid my credit card bills in full. I have never utilized more than 10-20% of my credit limit. But I have only unsecured loans (17 credit cards) which are open in my cibil report, I don't wish to avail any new loan (secured) just for improving the cibil score, but I don't understand what else can I do to improve the score.

I use around 7-8 credit cards regularly from my 17 credit cards, should I close others (all are benefecial for yearly sales)

 

[1RC]

Solutions to improving anyone's credit score is very personalized to everyone. We all are different and so is our credit profile.

 

[SSV]

Mine is stuck with 735. I want to increase ti 750 +

Do you want to know why it is stuck?? Want to increase the score?? .. need your full CIBIL report hiding all the sensitive data.. DM me if you may wish to..

 

[CARDBITRAGE]

Suggest how can I improve my cibil score from 760 which is stuck around this for quite some time.

I have never delayed any payments since last 15 years, always paid my credit card bills in full. I have never utilized more than 10-20% of my credit limit. But I have only unsecured loans (17 credit cards) which are open in my cibil report, I don't wish to avail any new loan (secured) just for improving the cibil score, but I don't understand what else can I do to improve the score.

I use around 7-8 credit cards regularly from my 17 credit cards, should I close others (all are benefecial for yearly sales)

I don’t know why you’re chasing a higher score, but with 760, if you have good financial health & stability, you’d get access to the best credit products at optimal rates anyway.
Some ways you can improve your score:
1. Getting a secured loan. Your score will sometimes only go so far with just unsecured loans. Obviously, this would be based on a requirement, and since you don’t have one, we’ll skip this.
2. Increase in your income in your credit report. This will happen only when a financial institution updates the same, if you apply for a new CC(or LE) or a loan. Obviously for this to work, you need to have enhanced your income since it was last reported to the bureaus.
3. Reduce your credit utilisation even further.
4. Cut unnecessary cards. Your total credit/total income(as per report) or DTI- the lesser, the better.

 

[James]

Do you want to know why it is stuck?? Want to increase the score?? .. need your full CIBIL report hiding all the sensitive data.. DM me if you may wish to..

As far as I know, I don't have secured loan and my credit utilisation ratio is high on 1 or 2 cards

 

[D₹V]

Your total credit/total income(as per report) or DTI- the lesser, the better

First time heard it.

 

[CARDBITRAGE]

First time heard it.

It is a parameter that they consider. The lesser the credit exposure of an individual(as a proportion to their income), the less likely they are to default(obviously). Therefore, they would potentially be a good debtor if they were to seek any future loans/credit. Hence, they will be awarded a slightly higher score.

 

[bhaveshbhai]

@bhaveshbhai why do you want to improve beyond 760?

I fear that if it touch or go below 750, it would be somewhat tough to get loans in future.. hence I want to improve it if it is possible to atleast be around 800

 

[aceventura]

As far as I know, I don't have secured loan and my credit utilisation ratio is high on 1 or 2 cards

Your score would improve if you reduce the credit utilization by paying before statement generation.

Also what do you mean by high? High as in 10%, 30%, 50% or 100%?

 

[rajcasio]

Is closing PAYTM POSTPAID & AMAZON PAY LATER increases my CIBIL SCORE?
My CIBIL score is 785.

 

[SSV]

Is closing PAYTM POSTPAID & AMAZON PAY LATER increases my CIBIL SCORE?
My CIBIL score is 785.

YE S.. BNPL not good as far as CIBIL is concerned

 

[SSV]

I fear that if it touch or go below 750, it would be somewhat tough to get loans in future.. hence I want to improve it if it is possible to atleast be around 800

Thinking correctly ..
✅✅

 

[D₹V]

It is a parameter that they consider. The lesser the credit exposure of an individual(as a proportion to their income), the less likely they are to default(obviously). Therefore, they would potentially be a good debtor if they were to seek any future loans/credit. Hence, the will be awarded a slightly higher score.

So getting Bob card should be my priority.

Because they report 1 crore for income of 1 lac 🤣.

So my DTI ratio will be almost nill.

 

[akshayhs]

760 with a 15-year history is a dream for so many people. You have done a great job with that. I have been advised to not bother as long as your credit score on CIBIL is 750+. So I wouldn't really be concerned on that.