CIBIL Score stuck around 760

[vinrey287]

My CIBIL Score used to be around 780 with best of 792 be end of 2022. Since Oct I have collected quite a lot Cc following the community 😁 from Sep till Jan. Also closed Amz BNPL and Auto Loan in Dec. By Jan my credit scr went down to 752.
For the past 6 mths it's stuck around 760-770 going up and down. No new CC since Jan but one Personal loan in Jan.
I was hoping credit mix would have improved with personal loan
If anyone can guide why the scr has not increased much in last 6 mths it would be helpful. ?

 

[srikant]

Da nee ellaa cardsum useyth nokku.. wait for 2 months and see if there's a difference.

Fair point, I think having almost permanently 0% utilization, even on LTF cards, might not be a good idea. Make a spend on them every now and then. With a scheduled NEFT, you can just make the spend, schedule the NEFT to repay it, and then not bother even looking at the statement.

 

[ray8285]

Have 4 cards with 10-11 years.. And all are active

BNPL was just 10k. So don't think the utilization will be impacted by closing it.

Credit age & credit mix (secured + unsecured) is the most important factor bro..

All your active accounts seems to be unsecured, get a secured loan (home /auto / LAP) and that will increase the score ! Trust me ..

Beyond a certain credit age even credit enquiries will NOT make your score drop even by 1 point. I have had 103 enquires in the last 3 years ! The only time my score dropped was when i closed the home loan !