Even a 10 rs outstanding bill can reduce the cibil by 5-10 points... I forgot to prepay the SBI card's amount due to last minute buying and costed me 10 points in CIBIL and 20 in CRIF 😡
@vinrey287 No it doesn't. My score had been in the same range since last 2 Years. Back then, I used to pay Bills around the 40 day mark, just before the due date. But later, @SSV confirmed that prepaying helps. And it really does. Now I am in the top bracket. Also confirmed with family member accounts as well.
@shrewdoc , thanks for validation..it would help others if you could write the same comment in the main cibil thread that I wrote.
And another important thing is, it is not just pre paying just before bill generation date, it is bill reproting date..as some banks report as on 30th/ 31 st irrespective of whenever the bill is generated
@shrewdoc , very good in your case .
But everyone else also should know this..
Please mention this point also in your response there , in your words.
I already mentioned this several times at several places. If others also mention this in their words then more people will be aware of this.
Thank you @Riya , hope you also are aware of this point..