Are pay later accounts any better?

[hackymanoj]

Hello, I have recently requested to close my Amazon pay later, Flipkart pay later and Mobikwik zip. They have strictly said that once closed we can never open them again.

The reason I chose to close them is the number of open account on my profile is 42. So, I choose to close these pay later accounts. My credit age is 7 years and cibil is 787.

I'm also planning to close slice, postpe, paytm postpaid

Did I take the correct decision?

 

[SSV]

I have 10-12 card closed 😮

Not good, considering the profile age

 

[Vasuki]

Not good, considering the profile age

its 10 (4 icici secured card ,1 idfc wow) unsecured Flipkart, myzone, hdfc iocl ,neu )
BNpl all closed 6 .

List of closed card so far

 

[SSV]

Nah its 10 (4 icici secured card ,1 idfc wow) unsecured Flipkart, myzone, hdfc iocl ,neu )
BNpl all closed 6 .
just a loan ( vehicle)

I can’t understand what you are saying.. leave it

 

[hackymanoj]

If you have CIBIL paid subscription, look at under this place , it gives you the summary like below…

If you don’t have subscription, it is high time you get one, CIBIL paid subscription is for people just like you, the best use case scenario…

View attachment 44213

Yes, I do have cibil subscription. Looking in there

 

[Riya]

Cibil be like - 2 points lelo

Cibil will go down 2 points but no. Of accounts will go down by 4... Moreover utilisation ratio was not more than 1-2%
I realised why my cibil was stagnant for last 7-8 months

 

[Mahirathore360]

If you have CIBIL paid subscription, look at under this place , it gives you the summary like below…

If you don’t have subscription, it is high time you get one, CIBIL paid subscription is for people just like you, the best use case scenario…

View attachment 44213

Is this your CIBIL'S Screenshot? You have zero consumer loan and personal loan , you don't have different products for credit mix

 

[BeingIncog]

Is this your CIBIL'S Screenshot? You have zero consumer loan and personal loan , you don't have different products for credit mix

Stop it. Please have peace of mind. Bnpl are not worth for credit mix. Your cibil will go up in few months. Don't worry about it much for now.

 

[Mahirathore360]

If you have CIBIL paid subscription, look at under this place , it gives you the summary like below…

If you don’t have subscription, it is high time you get one, CIBIL paid subscription is for people just like you, the best use case scenario…

View attachment 44213

Stop it. Please have peace of mind. Bnpl are not worth for credit mix. Your cibil will go up in few months. Don't worry about it much for now.

huh , i need loan soon , that's why i have to fix my CIBIL whatever they require to boost my CIBIL i have to do that, not everyone have same shoe size

 

[SSV]

Is this your CIBIL'S Screenshot? You have zero consumer loan and personal loan , you don't have different products for credit mix

Yes, I have Credit cards only.. no personal loan and cosumer loans