anyone with cibil between 850-900?

[ltf4ever]

i am trying to understand what factors might lead to having a cibil as near to 900 as possible.

i have not heard of anyone with such high scores (in my experience i have seen only people with a
around 810 max).


its not as if at entry level (no credit card, no loan) it is 900 and starts decreasing gradually. nor is it that it increases gradually till you retire. me, despite having many credit cards and extremely low utilization and timely payments, i am having the same score as someone with minimum credit cards, a few paid off loans which were always paid on time.

if anyone in this community has the score above 850, please share your insights on how you managed it, or how you planned it.

 

[RaviAglRaviAgl is verified member.]

Seems, still we need to find someone with the answer to the question.

Anyways thats a really tough geniune question which I too would really like to know the answer to.

I guess that cibil around 800 is common for people like us who like to use (or more harshly exploit) credit cards for rewards and never miss a single payment. But the difficulty arises in raising the score from there which probably maxes out at the point where good credit card history can take us.

I guess other factors which could add to the score could be-
1. A very high ITR say 1cr+ declared income
2. Must include some long term home loan with a good payment history. More the merrier.
3. If one has guaranteed loans to some other person with a good credit standing and who also has an excellent payment record, maybe it could add more brownie points.

Though completely new to this forum, I believe most of the participants here are loyal card holders with a very good payment record but have had very little exposure to long term credit.

But, Member @Lord$$Of$$Darkness$$ has valid points too, so I could be wrong.

I have relatives who fulfill the above conditions and will try to get their cibil and see if what I said makes sense.

Thanks,

 

[krishc]

highest score I ever had was 822 more than 3 years back
at that time I'd only 2 credit cards
now I'm struggling to cross 800 and at one point went down to as low as 753
currently having 10 credit cards and 1 home loan
never missed a single payment in 5 years of credit history, small or big

 

[aniruddhaadhe]

my story
Total credit history > 13 years. Never missed any payments. Highest CIBIL: 812
Current CIBIL : 804
First HL> 50L, paid for 4 years and closed.
Second HL: being paying since 3 years
PL total 8+ combined : 1cr+ (many closed now)
CCs : 6 active ( combined limit 40L) utilisation ratio always around 5%

Still never gone above 812.
I am wondering what will get us 850+
@TechnoFino can you guide?

 

[Dr-green69]

i am trying to understand what factors might lead to having a cibil as near to 900 as possible.

i have not heard of anyone with such high scores (in my experience i have seen only people with a
around 810 max).


its not as if at entry level (no credit card, no loan) it is 900 and starts decreasing gradually. nor is it that it increases gradually till you retire. me, despite having many credit cards and extremely low utilization and timely payments, i am having the same score as someone with minimum credit cards, a few paid off loans which were always paid on time.

if anyone in this community has the score above 850, please share your insights on how you managed it, or how you planned it.

A friend of mine have a cibil score of 830+ he took 1 bike loan few years back and completed the loan without any late payment and then no loan or cc after that.

 

[rj_arora]

That's not high enough, wife has 896 😳

View attachment 13804

it's not cibil

 

[SSMV]

Eve

I really doubt if you can go above 800 with just credit cards without home loan or car loan

Even with Home loan from 2 years from Cibil score is not moving up it's stuck between 770 to 780

 

[chbhk619]

Am earning from last 9 yrs... Initially after taking credit card after 3 years I guess... My score is around 834 cibil. Without loans... Once I tried to apply for loans from multiple banks to check the interest rate I came down hugly around 780... Currently it's still below 800 with frequently credit card and loans being taken.

 

[Akash369]

AFAIK, average users like us have CIBILs of about 800. Those with credit scores higher than 850 have never been spotted using credit cards or taking out loans. Therefore, a CIBIL score of 780 or higher is excellent.

 

[srikant]

Eve

Even with Home loan from 2 years from Cibil score is not moving up it's stuck between 770 to 780

Keep utilisation on credit cards low 0-10% preferably 0-9% for a few months.

If you use more on a credit card, pay off before due date to ensure the lower utilisation: by end of month for most cards and before statement date for ICICI & SBI (and SCB I think).

 

[Chaitanya-a]

I think from all these replies, that if we have secured loans/cc and no unsecured ones, then only our score can be around 850 or even 830+.

If we start using unsecured cards/loans, then there is almost zero chances of getting that high CIBIL. Around 800 CIBIL would be ideal for unsecured CC users.

 

[Lobogris]

Keep utilisation on credit cards low 0-10% preferably 0-9% for a few months.

If you use more on a credit card, pay off before due date to ensure the lower utilisation: by end of month for most cards and before statement date for ICICI & SBI (and SCB I think).

My utilisation is always zero or near zero as I have over 80 lakhs in total credit limit. However, the score still hovers around 790.

 

[srikant]

My utilisation is always zero or near zero as I have over 80 lakhs in total credit limit. However, the score still hovers around 790.

In your case it could be because your credit history in India began only in 2021 https://www.technofino.in/community...you-get-your-first-credit-card.75/post-347307

 

[hariselio]

In 2016 My cibil was 850. That time I completed one car loan and home loan was running, few credit cards. Then took another car loan and two more CCs somewhere in 2016, cibil went down to 820. Till 2019 it was around 820 range.

In 2020, applied 25L car loan in SBI(previous car loan also from them, done foreclosure). These buggers made so many hard check for single loan and cibil went to 780 🙁. From there it reached 810 and never increased beyond that. Last one year stopped bothering about this anymore. Not sure what's the latest score.

 

[srikant]

In 2016 My cibil was 850. That time I completed one car loan and home loan was running, few credit cards. Then took another car loan and two more CCs somewhere in 2016, cibil went down to 820. Till 2019 it was around 820 range.

In 2020, applied 25L car loan in SBI(previous car loan also from them, done foreclosure). These buggers made so many hard check for single loan and cibil went to 780 🙁. From there it reached 810 and never increased beyond that. Last one year stopped bothering about this anymore. Not sure what's the latest score.

I believe if you get multiple hit for the same type of loan (other than credit cards -- which are all different "types") within 15 days, CIBIL treats them as just one. As though you were just interest-rate shopping.

 

[Dharm]

I believe if you get multiple hit for the same type of loan (other than credit cards -- which are all different "types") within 15 days, CIBIL treats them as just one. As though you were just interest-rate shopping.

My CIBIL was 830 till dec 2022 with 4 credit cards, in last 1.5 year I got 5 more credit cards and due to that it now hovers around 800, so looks like excess credit card also put negetive impact, although never missed a card due payment till date.

 

[Rajeev.Nakka]

My uncle's cibil dropped to 650 in 2020 as he missed home loan payments 4-5 times in that year, but later from 2021-till now he didn't miss any payments and he also started using his first credit card (Axis). He is always paying the bill as early as possible and mostly before even bill generation.

Now his cibil has increased to 820. Not sure what triggered this substantial increase in credit score.

 

[rajcasio]

I have heard that GOLD loans(secured) will increase your CIBIL score.

For those who don't know yet - You can check your CIBIL score for FREE in GOOGLE Pay itself

 

[Greencheese]

AFAIK, it depends primarily on your credit mix. My highest, about 853 IIRC, was when I had only 3 CCs, a home loan, and an Auto loan.

Now that I only have a bunch of CCs, it hovers between 796 to 805 based on my credit utilisation the previous cycle.

 

[srikant]

I have heard that GOLD loans(secured) will increase your CIBIL score.

For those who don't know yet - You can check your CIBIL score for FREE in GOOGLE Pay itself

Do secured credit cards count as a secured credit line, adding a mix to unsecured credit cards?

 

[oomaigawd]

Mine is 879, never took dept, 20 years of credit history and 100% payments of time