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.

 

[SSV]

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

CIBIL or Experian?

 

[Dharm]

Same

CIBIL or Experian?

Same Question, never heard any body more then 850 cibil, although my wife has 870 Experian score,

 

[SSV]

Same

Same Question, never heard any body more then 850 cibil, although my wife has 870 Experian score,

I Used to have 895 Experian... I was thinking what?? then later I realized experian scores will be like that only...

 

[Dharm]

I Used to have 895 Experian... I was thinking what?? then later I realized experian scores will be like that only...

My wife is house wife, and does not use card much, once in 3-4 month, still 870

 

[SSV]

I Used to have 895 Experian... I was thinking what?? then later I realized experian scores will be like that only...

I also got that 895 score when I used to have only two CCs that were rarely used. now it is 831.. 🤣 🤣

 

[Das.N]

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

I am searching for this question's answer for many days, but didn't get any answer till now.

 

[SSV]

I am searching for this question's answer for many days, but didn't get any answer till now.

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

Technically speaking, they are secured loans.. Here what AU bank has to say regarding this:

https://www.aubank.in/blogs/what-is-an-fd-backed-credit-card-and-who-can-get-one#:~:text=Banks%20nowadays%20offer%20a%20Credit,collateral%2Fsecurity%20by%20the%20bank.

But in reality, how they are reported by each bank and how each credit bureau is treating them is anyone's guess.
I will give an expample, I have taken a loan against FD( ICICI).., CIBIL treated as Secured loan where as Experian and all others treated as unsecured, even though there is a value in their collateral column in their reports.

Same loan against FD in HDFC reported as a unsecured loan in CIBIL as well as all other bureaus...

Now tell me where is the consistency and whom should I ask..
That is the state of Indian banks and Indian Credit bureaus... No one has accountability and standards and governance non existent...

No on follows rules and noone cares..
GOD bless all of us..

At the end, have you got the answer?? If no, who is responsible ....??

 

[insight]

Not true. I have had a mix of jumbo loan/ personal loan/ home loan - all paid on time - my CIBiL score always hovered around 800 - currently at 807.

Credit history - 16 years
Not a single late late payment till date.
Had 2 credit cards till Feb ( had closed 1 before in 2015). Have got 4 nee credit cards and 4 CIBIL enquiries since Feb, score is still the same.

I have annual subscription to CIBIL so check every 2 or 3 days. The score has not decreased even after the hard enquiries. Need to see how CIBIL reacts in a month or 2 when it sees 4 new credit cards !!

Mine was 795 last month with only starting first Indian CC during Pandemic.

If there's not much diff between 795 & 807 per se, then is anything above it actually realistic or possible at all? Or is that just "a scale" for the sake of having one.

 

[insight]

Mine is 879, never took dept,

What? How? Please do elaborate.

20 years of credit history and 100% payments of time

On what? CCs or Auto/ Home Loans?

 

[SSV]

Mine was 795 last month with only starting first Indian CC during Pandemic.

If there's not much diff between 795 & 807 per se, then is anything above it actually realistic or possible at all? Or is that just "a scale" for the sake of having one.

Anything between 780 and 800 is more than good enough for all practical purposes..
Between 800 and 810 is just an excellent one to have..Anything above is just bonus..
All these are on long term basis..
Early into the credit history, it is normal to have just above 800..Once you startbusing start using different credit products, it will stabilize ..

 

[bsc0008]

startbusing ..

Start using or start abusing 😛😏

 

[SSV]

Start using or start abusing 😛😏

take whatever you like, and consequences as well.. 😉 😉

 

[srikant]

Anything between 780 and 800 is more than good enough for all practical purposes..
Between 800 and 810 is just an excellent one to have..Anything above is just bonus..
All these are on long term basis..
Early into the credit history, it is normal to have just above 800..Once you startbusing different credit products, it will stabilize ..

Thanks, that makes me feel good about my 805-ish score 🙂

 

[alok416]

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.

Chahe 900 kar lo...

Axis fir bhi "Internal Policies" ke karan hi decline karega 🤣🤣😛😛😛 bar bar...

Sahi bola na ? @4uziaul

 

[Das.N]

Chahe 900 kar lo...

Axis fir bhi "Internal Policies" ke karan hi decline karega 🤣🤣😛😛😛 bar bar...

Sahi bola na ? @4uziaul

Ekdom sahi bola bhai

 

[alok416]

Ekdom sahi bola bhai

Thnx bhai...Lagta hai tum bhi Axis bank ki "Internal Policies" ke fan ho 🤣🤣🤣

 

[SSV]

Thanks, that makes me feel good about my 805-ish score 🙂

Very good...
Remember, getting there is easy..hanging there is difficult..Best wishes

 

[Shubham Yadav]

I have a cibil 830 with only cc

 

[Das.N]

I have a cibil 830 with only cc

That's an unbelievable score with only cc. Did you have any pay later/personal loan/fd credit card in the past? Or you just started with unsecured credit card?

 

[alok416]

That's an unbelievable score with only cc. Did you have any pay later/personal loan/fd credit card in the past? Or you just started with unsecured credit card?

Chacha ji Vidhayak hai uske 🤣