Amazon pay-later

[Harshal]

I got 2000 rupees limit in Amazon pay-later out of which 80% limit is funded by karur bank and remaining 20% limit is funded by axio And both are reporting differently in the credit report that we have given this limit, I want to ask if your credit report is also reporting this way

Can anyone give any suggestion that what should I do, I have activated this pay-later so that if the number of ontime payment increases in cibil, should I keep it activated or not?

 

[Sahilhenzy]

Yes they do report. like this only!

 

[FinoGuy]

1) yes, it's common with amazon pay later both axio & karur vysya share full limit offered. After few days they'll offer more limit.
2)continue if you're okay with this low 2k limit, else close & take confirmation over mail
3)in cibil it'll show as personal loan & contribute towards credit mix (good credit mix increases score)
4) you need to monitor statements regularly(to check if any spurious charges) and pay on time (to maintain good credit score & avoid late payment charges)

 

[Harshal]

1) yes, it's common with amazon pay later both axio & karur vysya share full limit offered. After few days they'll offer more limit.
2)continue if you're okay with this low 2k limit, else close & take confirmation over mail
3)in cibil it'll show as personal loan & contribute towards credit mix (good credit mix increases score)
4) you need to monitor statements regularly(to check if any spurious charges) and pay on time (to maintain good credit score & avoid late payment charges)

Yes, I have activated it only because the credit is mixed, and it has been 2 months since I activated it, I want to ask that if two companies create 2 accounts in cibil and report for one account, does cibil go bad?

 

[ray8285]

3)in cibil it'll show as personal loan & contribute towards credit mix (good credit mix increases score)

Clearly shows as “Consumer loan”, even in OP’s Post.

Both report as Consumer loan & NOT personal Loan ! Even in my case axio reports it as a consumer loan !

 

[unusedbrain1]

Yes, I have activated it only because the credit is mixed, and it has been 2 months since I activated it, I want to ask that if two companies create 2 accounts in cibil and report for one account, does cibil go bad?

Looking bad or not .. it doesn't not . Once u start getting credit card . start closing pay later one by one. U aren't aiming 850+ score it's good keep going .if