What is your 💳 score?

[Credit Karma]

Share your credit score along with number of years since your first account opened (doesn't matter if it is closed currently)

Update March 2023

CIBIL - 738
Experian - 802
Equifax - 702
CRIF - 560

Credit History - 1.75 Years

 

[CARDBITRAGE]

@Wealth is my birth right! Till Dec 2022, I had 3 credit cards, now I have got 8, So I’ve got 4 new cards in 2 months. My CIBIL is down by some 6-8 points as 2 new cards are visible with other 2 still not reported. I am suspecting further drop when the other 2 accounts reflect in the report. Shall I close 1-2 cards to avoid the drop?

Man closing your new accounts will not improve your credit score now. Besides, you can keep your overall credit utilisation low with the help of your new cards. Live with it. Don't apply for credit cards for some time. Your cibil score will drop temporarily, but keep your payments up to date. Your score will eventually retrace.

 

[suhailmz]

Man closing your new accounts will not improve your credit score now. Besides, you can keep your overall credit utilisation low with the help of your new cards. Live with it. Don't apply for credit cards for some time. Your cibil score will drop temporarily, but keep your payments up to date. Your score will eventually retrace.

Yeah I agree, I should have been thoughtful about applying for too many cards too fast. I got Carried away by cards like AU Vetta LTF, MMT Signature LTF, etc. But yeah my utilisation would not go above and 10% for sure

 

[SiddharthR]

@Wealth is my birth right! Till Dec 2022, I had 3 credit cards, now I have got 8, So I’ve got 4 new cards in 2 months. My CIBIL is down by some 6-8 points as 2 new cards are visible with other 2 still not reported. I am suspecting further drop when the other 2 accounts reflect in the report. Shall I close 1-2 cards to avoid the drop?

Closing card will lead to drop, don't close it.
CIBIL drop will be temporary if you apply many CCs in small time & CIBIL improves gradually with time & can see small spike after 1year

 

[suhailmz]

Closing card will lead to drop, don't close it, CIBIL will be temporary

Yeah, I will carry on for this year and not apply for new cards unless I get a pre approved upgrade. Will take a stock by year end.

 

[akshayhs]

Yeah I agree, I should have been thoughtful about applying for too many cards too fast. I got Carried away by cards like AU Vetta LTF, MMT Signature LTF, etc. But yeah my utilisation would not go above and 10% for sure

Doesn't matter. Just play the waiting game. Gradually you learn to understand how it works.

 

[suhailmz]

Doesn't matter. Just play the waiting game. Gradually you learn to understand how it works.

Yeah, thanks for the suggestion

 

[Wealth is my birth right!]

@Wealth is my birth right! Till Dec 2022, I had 3 credit cards, now I have got 8, So I’ve got 4 new cards in 2 months. My CIBIL is down by some 6-8 points as 2 new cards are visible with other 2 still not reported. I am suspecting further drop when the other 2 accounts reflect in the report. Shall I close 1-2 cards to avoid the drop?

Not essential you can boost by timely payment of bills with 30% utility of card limits

 

[suhailmz]

Not essential you can boost by timely payment of bills with 30% utility of card limits

Agree, it’s a long term game, timely fluctuations are bound to happen

 

[abhishek751]

Cibil 775
Crif 690
Equifax 742
Experian 845
Cards 10
History 2 yrs

 

[emadiqbalali]

CIBIL - 772
Experian - 870

Cards - 14
CUR - 7-8%
Enquires (last 3 years) - 29
History - 4 yrs

 

[BlueFlash]

Is there anyone with a 800+ CIBIL score and NOT having any active home/car loan ?
Reading all the above comments concludes that only people having an active home loan have a score of 800+, rest all are capped to max 795 or so...

 

[Lord Of Darkness]

Is there anyone with a 800+ CIBIL score and NOT having any active home/car loan ?
Reading all the above comments concludes that only people having an active home loan have a score of 800+, rest all are capped to max 795 or so...

Could it be cause Home loan as a Secured loan has more weightage than unsecured loans (Credit card/Personal loans etc)?

 

[Lord Of Darkness]

Agree, it’s a long term game, timely fluctuations are bound to happen

I have annual subscription to CIBIL, so I keep checking my score's 2 or 3 times a week.

In the beginning of March - when I had only 3 credit cards - score was 806
Now when i check it today ( after having 3 new Credit card enquiry ) - score increased to 808 !!!

Not sure how it works, since I had expected it to drop after the hard enquiries. Maybe it will drop once the 3 new cards get reported in the coming days. Will update the thread.

 

[BlueFlash]

Could it be cause Home loan as a Secured loan has more weightage than unsecured loans (Credit card/Personal loans etc)?

Yes, that's the exact reason... however just want to confirm if there is anyone who happens to be an exception.

 

[Wealth is my birth right!]

Is there anyone with a 800+ CIBIL score and NOT having any active home/car loan ?
Reading all the above comments concludes that only people having an active home loan have a score of 800+, rest all are capped to max 795 or so...

Had 2 home loans and 1 car loan all closed (Pre closure)
Having 13 credit cards
This month cibil is 803

 

[Theron]

CIBIL-745
EXPERIAN-789
EQUIFAX-707
CRIF-742
Credit cards - 14
Personal Loan -1
Enquiries -39 (1 under dispute as AXIS made it mistakenly)
Credit History - 14 years
Had 3 late payments in early 2020, one was of 852 days late and 2 of 59 days late. Since I was not aware about credit score and all. All these cards I got from July 2021 to till date.

 

[Theron]

From what I can see in my CIBIL reports...all accounts stay forever....only difference is that they are clearly marked closed.

Do late payment of closed account remains as it is even after 7 years?

 

[Deleted member 8482]

Share your credit score along with number of years since your first account opened (doesn't matter if it is closed currently)

Update March 2023

CIBIL - 738
Experian - 802
Equifax - 702
CRIF - 560

Credit History - 1.75 Years

cibil-778
Total credit card -9
Cibil history- 4 months

 

[Shadab_1]

Just Curious.. why nobody has Cibil in 800+ ?

 

[Wealth is my birth right!]

Just Curious.. why nobody has Cibil in 800+ ?

Currently I have 800 only lol missed 3
Last month it was 803
I recently god idfc wealth and Tata neu cards in this month
Totally 13 cards now