Cibil score has not changed

[Satyajeet]

Hello Folks,

I am really confused regarding by Cibil score, So it has not changed much since last 4 years or so!

Been between 780 ~ 790 always.

In the last 4 years, added and closed many cc's, got a personal loan, credit utilization upto 80%.

But the margin hasn't moved much, I just want to keep it above 800.

Can anyone please enlighten me of how the score works please or am I missing something?

 

[Ram1]

Unsecured credit cards and personal loans wont move score much.
U need secured accounts in cibil for more impact and break barrier of ur 790.
Like fd credit card, gold loan, house loan etc..

 

[Mahirathore360]

Yeah, credit utilisation upto 80% won't help , keep it below 10% and add a secured credit card

 

[Nishan11]

780 plus is good enough score. Never take unnecessary secure card/loans just to boost cibil. Take if you genuinely need it, otherwise don't.

Have patience, there are many people in this forum who only have unsecured cards & have around 800 cibil score & more.

@SSV has perfect 800 I assume & as far as I remember he only has unsecure credit cards in his portfolio.

My score is 797 & I also have unsecured cards only. I keep credit utilization ration nearly 1 or below that as I pay bill/outstanding before statement generation & credit report date by banks.

So you don't need to take extra unnecessary burden to boost score above 790. Keep patience for some more time, keep utilization ration low ( not only overall but on each card).