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)

 

[shake-all-Sphere]

I never checked my cibil score it was always experian( from cred) which is about 840, crif has always been volatile and keeps on changing, so I never bothered about it just checked my cibil from amazon it shows 805 after long time

 

[wapenshaw]

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..

Hey I might need your help. Ref https://www.technofino.in/community...eing-reported-upd-lost-36-cibil-points.20505/

 

[Baki]

Can some give me some tips my cibil is 793 for 3 years now, 18 Cards , 2 HL, 1 Car loan. 1.45 Cr. Secured loans , 50L cards.

Just want to get 8 points to cross over 800 mark

 

[Vasuki]

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.

After how many days

 

[SSV]

Can some give me some tips my cibil is 793 for 3 years now, 18 Cards , 2 HL, 1 Car loan. 1.45 Cr. Secured loans , 50L cards.

Just want to get 8 points to cross over 800 mark

Pay all the CCs before bill generation date.
Your current balance should be either 0 or -ve in each of your accounts.
Your score will increase by 10.
After 5 years of credit age , another 10 points increase..

 

[Baki]

Pay all the CCs before bill generation date.
Your current balance should be either 0 or -ve in each of your accounts.
Your score will increase by 10.
After 5 years of credit age , another 10 points increase..

Credit age is already 15+ years

& Thanks Will do on all ccs this cycle.

 

[Lobogris]

CIBIL (for paid subscription) has stopped showing total credit available for a few months. Anyone knows how to see this? Earlier it used to be visible on the app and website under credit summary.

 

[Baki]

CIBIL (for paid subscription) has stopped showing total credit available for a few months. Anyone knows how to see this? Earlier it used to be visible on the app and website under credit summary.

Shows on overview page to me. Active & total accounts in accounts

 

[Lobogris]

Shows on overview page to me. Active & total accounts in accounts

It shows your total available credit limit like say 85 lakhs, 1.2 crores etc? For me it only shows each account individually, not the total as it used to show earlier.

 

[Baki]

It shows your total available credit limit like say 85 lakhs, 1.2 crores etc? For me it only shows each account individually, not the total as it used to show earlier.

No. of accounts,

It shows your total available credit limit like say 85 lakhs, 1.2 crores etc? For me it only shows each account individually, not the total as it used to show earlier.

Subs. Expired yesterday, will renew in jan so the cycle more easy to remember. Will update u then

 

[ontherocks]

No. of enquiries while it is one of the factors, it is of low impact, and would generally recover in a couple of months. I would attribute the drop mainly to the missed payment. Get it cleaned from the report, otherwise the score will recover but it will take a long time to do so (about 3yrs to clean it up).

What do you mean get it cleaned? Why would CIBIL ever remove the remark of a missed payment, even if one has repaid it later? A missed payment is a missed payment.

 

[edm]

3 to 4 year history will take score around 780 and home loan, secured loan will take u around 800+

 

[edm]

i don’t understand obsession around cibil
3 things needed
source of income
no default payment
identify proof
bank will provide u loan credit card

 

[cardio_guy]

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 am in your same state, except that I had only 4-5 cards. My score was 760. I closed 2 of them and score became 780. Not sure if the closing of cards helped. But no other change in the credit history. I am lingering around 780. Wanted it above 800. Thinking what to do.

 

[Pravas]

I have a few queries regarding CIBIL score. Currently I have a CIBIL score of around 790 with 12 years of credit history. ( 9 active and 4.closed)

1. Is the credit utilisation calculated on the total credit limit of all the card combined or per card basis ? Why I am asking the question is that some of my cards like ICICI had a credit limit of 25 LAKH but my recently approved Airtel axis card has a limit of 23K (more than 100 time less).

2. In my credit report though I have 4 ICICI credit card it is reporting as 1 account but for HDFC both the cards are showing as separate entry. Is there something I am Missing hear ?

3. In this post I saw somewhere people are talking about income reported to CIBIL. How to check these values as I am not able to find them the report or in the app ?

4. I am seeing 2 entries with name "CAP FLOAT" and "KARUR VYSYA" . are these for Amazon pay later or something and if closing them help increase the score ?

5. Recently I have taken 2-3 credit card after following the forum and closed 1 of my unused card. After what time these will be reflected in the CIBIL report?

 

[BeingIncog]

i'm answering some questions which i know.

2. In my credit report though I have 4 ICICI credit card it is reporting as 1 account but for HDFC both the cards are showing as separate entry. Is there something I am Missing hear ?

ICICI cc have shared limit and accounts, all core or gemstone card like platinum, coral, sapphiro etc will be in same/shared account on cibil, co-branded like mmt or amazon pay will be having different accounts each on cibil.

4. I am seeing 2 entries with name "CAP FLOAT" and "KARUR VYSYA" . are these for Amazon pay later or something and if closing them help increase the score ?

yes they are service provider for Amazon pay later. yes it will help.

5. Recently I have taken 2-3 credit card after following the forum and closed 1 of my unused card. After what time these will be reflected in the CIBIL report?

around 2-5 months for sure. don't worry.

 

[Pravas]

Today credit limit dropped by 10. Two new updates

1. ICICI reported Amazon pay card with 25L
2. Axio loan account closed (Amazon pay later)

One doubt I have is as ICICI is reporting 2 entries one for core card and one for Amazon pay credit card both with 25L limit, will that impact CIBIL as it may think that I am over leveraged ?

Same issue with HDFC DCB and tata nue which share the limit but 2 entries in CIBIL report each with 8L limit.

Curious to know what could be the reason for this score drop. Any insight on this is greatly appreciated.

 

[ontherocks]

Today credit limit dropped by 10. Two new updates

1. ICICI reported Amazon pay card with 25L
2. Axio loan account closed (Amazon pay later)

One doubt I have is as ICICI is reporting 2 entries one for core card and one for Amazon pay credit card both with 25L limit, will that impact CIBIL as it may think that I am over leveraged ?

Same issue with HDFC DCB and tata nue which share the limit but 2 entries in CIBIL report each with 8L limit.

Curious to know what could be the reason for this score drop. Any insight on this is greatly appreciated.

May be because you closed the loan. Don't worry, the score will go up pretty soon as its not because of payment defaults.
Having too many card entries in CIBIL doesn't cause a score drop. It may be a criterion for some banks to decide your credit worthiness, but not for CIBIL score.

 

[svijayan86]

i'm answering some questions which i know.

ICICI cc have shared limit and accounts, all core or gemstone card like platinum, coral, sapphiro etc will be in same/shared account on cibil, co-branded like mmt or amazon pay will be having different accounts each on cibil.

yes they are service provider for Amazon pay later. yes it will help.

around 2-5 months for sure. don't worry.

Can someone confirm if axis privilege card and axis atlas card shall be considered as shared credit limit or seperate credit limit... i got axis atlas with 1.8lakhs (same as priviliege card) so wanted to see if 30% utilization comes to 60k(30% of 1.8 lakhs)
or 1.2 lakhs(30% of 1.8+1.8 lakhs)

 

[James]

Can someone confirm if axis privilege card and axis atlas card shall be considered as shared credit limit or seperate credit limit... i got axis atlas with 1.8lakhs (same as priviliege card) so wanted to see if 30% utilization comes to 60k(30% of 1.8 lakhs)
or 1.2 lakhs(30% of 1.8+1.8 lakhs)

Why do you care about utilisation? Want to keep under 30% for cibil?