How can I increase CIBIL score by 3 points in 1 month?

[vishp]

I am new to CCs and hence my Cibil is 747. It went from 726->748->747. I will be taking a loan by end of next month. And as you know, loan interest rates change at 750. So need to reach there fast.

Any tips?? I keep my utilisation at 0.5-1% on the 3 cards I have.

 

[Pissant]

I don't think anything can be done. Just try to keep spends under 5% and not get any credit inquiries. Maybe also try to pay before statement generation.

 

[deep@vie]

I am new to CCs and hence my Cibil is 747. It went from 726->748->747. I will be taking a loan by end of next month. And as you know, loan interest rates change at 750. So need to reach there fast.

Any tips?? I keep my utilisation at 0.5-1% on the 3 cards I have.

No sureshot way for this small duration.

 

[sidpsidp is verified member.]

I am new to CCs and hence my Cibil is 747. It went from 726->748->747. I will be taking a loan by end of next month. And as you know, loan interest rates change at 750. So need to reach there fast.

Any tips?? I keep my utilisation at 0.5-1% on the 3 cards I have.

If you have bnpl? Closing that will improve score.
But any realistic change starts after 45days only and most impact by 3months.

how come it dropped to 726? Did you miss any payment?

 

[Pissant]

If you have bnpl? Closing that will improve score.
But any realistic change starts after 45days only and most impact by 3months.

how come it dropped to 726? Did you miss any payment?

When I closed BNPL my score dropped 30 points for the first month. But It did rise back up after that.

 

[sidpsidp is verified member.]

When I closed BNPL my score dropped 30 points for the first month. But It did rise back up after that.

When you close any account, 1st it might dropped. That's why I said any positive impact starts only after 45days. But it will recover by 3m. It also depends on how frequently they update to cibil.

In your case bnpl might be an old account. Even though cibil says diverse credit mix will improve score, bnpl doesn't have the same +ve impact.

 

[VasukiVasuki is verified member.]

When you close any account, 1st it might dropped. That's why I said any positive impact starts only after 45days. But it will recover by 3m. It also depends on how frequently they update to cibil.

In your case bnpl might be an old account. Even though cibil says diverse credit mix will improve score, bnpl doesn't have the same +ve impact.

Not for bnpl ..mine always increased after i closed or got card ..
Yesterday my cibil my 759...
Then sbi card got added ..
cUR 25% -15% ..
Cibil 770 🥸..

Jumping jaapang keeps happening.😁
Yet i refresh daily 😂

 

[VasukiVasuki is verified member.]

I am new to CCs and hence my Cibil is 747. It went from 726->748->747. I will be taking a loan by end of next month. And as you know, loan interest rates change at 750. So need to reach there fast.

Any tips?? I keep my utilisation at 0.5-1% on the 3 cards I have.

U will be takeing loan ok !
Did you have overdue on any loan - u won't get loan untill u clear it
Did you miss payment / default & loan is closed.. - u won't get loan unless u fix

If u going mannual via bank through Salary..unless default or Overdue..
You won't be rejected.
Banker u will tell u in process ..
Idk which kinda loan u taking..
Lot depends on other factors

 

[SSV]

I am new to CCs and hence my Cibil is 747. It went from 726->748->747. I will be taking a loan by end of next month. And as you know, loan interest rates change at 750. So need to reach there fast.

Any tips?? I keep my utilisation at 0.5-1% on the 3 cards I have.

Make utilisation rate 0 or -1 % on each and every card, your CIBIL will be between 760 and 770, assuming you never had any delayed payment

 

[Pissant]

When you close any account, 1st it might dropped. That's why I said any positive impact starts only after 45days. But it will recover by 3m. It also depends on how frequently they update to cibil.

In your case bnpl might be an old account. Even though cibil says diverse credit mix will improve score, bnpl doesn't have the same +ve impact.

exactly. I know that, but OP wants an immediate positive change so doing this right now would be a bad idea for him.

 

[deep@vie]

Make utilisation rate 0 or -1 % on each and every card, your CIBIL will be between 760 and 770, assuming you never had any delayed payment

Yes, any -ve utilisation is a big positive, not just overall but on particular cards as well

 

[vishp]

If you have bnpl? Closing that will improve score.
But any realistic change starts after 45days only and most impact by 3months.

how come it dropped to 726? Did you miss any payment?

No BNPL. 726 was the first score I saw after checking my CIBIL at start of the year.

 

[vishp]

U will be takeing loan ok !
Did you have overdue on any loan - u won't get loan untill u clear it
Did you miss payment / default & loan is closed.. - u won't get loan unless u fix

If u going mannual via bank through Salary..unless default or Overdue..
You won't be rejected.
Banker u will tell u in process ..
Idk which kinda loan u taking..
Lot depends on other factors

No. I have never taken any loan. No missed payments. 726 was my first score when I checked at start of year.

 

[CyberPsych]

Does the 30% utilisation applies for each card limit or my total cards limit?

E.g: If card 1 has 1L limit and card 2 has 2L limit, should I maintain card 1 usage within 30k and card 2 usage within 60k always? Or can I use total 90K (or below) in card 1, zero usage in card 2 and still be under 30% utilisation of total 3L limit?

 

[deep@vie]

Does the 30% utilisation applies for each card limit or my total cards limit?

E.g: If card 1 has 1L limit and card 2 has 2L limit, should I maintain card 1 usage within 30k and card 2 usage within 60k always? Or can I use total 90K (or below) in card 1, zero usage in card 2 and still be under 30% utilisation of total 3L limit?

Overall & on each card,,all matters.
But don't take it very seriously,

 

[vishp]

Make utilisation rate 0 or -1 % on each and every card, your CIBIL will be between 760 and 770, assuming you never had any delayed payment

Will do this! Thanks!!

 

[CyberPsych]

Overall & on each card,,all matters.
But don't take it very seriously,

Okay. If it is followed per card, then it will never reach 30% of overall

 

[vishp]

Yes, any -ve utilisation is a big positive, not just overall but on particular cards as well

Will do this! Thanks!

 

[CyberPsych]

Make utilisation rate 0 or -1 % on each and every card, your CIBIL will be between 760 and 770, assuming you never had any delayed payment

-1 % how?

 

[SSV]

-1 % how?

Paid in excess than outstanding..