Credit Card CIBIL Reporting Date

[Fini7777]

no bhai not like that my question is ... suppose take some bank which reports on month end ....
my query is do they report the statement due or current due

are you getting it ..... i have X credit card which reports to cibil on month end
now i have spent 1 lakh on that card and 15th is the due date .. i paid on 14th and on 15th statement generated for 0 balance
on 16th again i spent that 1 lakh ..... and now on 31st month end will the bank reports my statement due which generated as 0 or my current due which is 1 lakh ????

"They'll report the current Due on your card not stmt amount"

 

[helloworld]

I've subscription of CIBIL taken for almost full price (just 10% discount) , still they're not showing me credit summary page instead showing as per attachment.
How can I raise complaint against this malpractice??

go to homepage and click "view credit summary" there. it works

do not use 'link below score' but either left menu 'credit summary' or homepage credit summary.

 

[helloworld]

no bhai not like that my question is ... suppose take some bank which reports on month end ....
my query is do they report the statement due or current due

are you getting it ..... i have X credit card which reports to cibil on month end
now i have spent 1 lakh on that card and 15th is the due date .. i paid on 14th and on 15th statement generated for 0 balance
on 16th again i spent that 1 lakh ..... and now on 31st month end will the bank reports my statement due which generated as 0 or my current due which is 1 lakh ????

Post in thread 'Best way to pay Credit Card' https://www.technofino.in/community/threads/best-way-to-pay-credit-card.3485/post-59915

 

[Riya]

Sbi reported my utilization on 5th may,
my bill date 12th may

Yess... SBI reports a week before bill date... Totally weird

 

[pradeepG]

Yess... SBI reports a week before bill date... Totally weird

Logic is they report due date + 3 days which eventually is 7-10 days before next statement generation date.

 

[Riya]

Logic is they report due date + 3 days which eventually is 7-10 days before next statement generation date.

Point

 

[nayra]

If HDFC doesn't report credit limit, how do CIBIL check utilization ratio???

 

[ᏰᏋᎥᏁᎶᎥᏁፈᎧᎶ]

If HDFC doesn't report credit limit, how do CIBIL check utilization ratio???

Are you from pre June 2023 era?

 

[nayra]

Are you from pre June 2023 era?

CIBIL will consider your highest spent amount on reporting date as Credit Limit

I saw the above message, didn't knew its outdated. I have yet to pay my first bill, and this scared me... since my highest purchase is 10k and utilization is 50k... Limit is 3.8L though

 

[nayra]

@BeingIncog can you fill me in, so HDFC now reports credit limit too?

 

[ᏰᏋᎥᏁᎶᎥᏁፈᎧᎶ]

@BeingIncog can you fill me in, so HDFC now reports credit limit too?

Yems . . .

 

[SSV]

@BeingIncog can you fill me in, so HDFC now reports credit limit too?

Yes . HDFC reports your sanctioned CL.

 

[SAS]

dont mind asking out of subject question ... @nayra has TF BUZZ @BeingIncog has TF LEGEND and @SSV has TF PIONEER tags what are those ??? and what is the heirarchy ? can somene just brief

 

[helloworld]

dont mind asking out of subject question ... @nayra has TF BUZZ @BeingIncog has TF LEGEND and @SSV has TF PIONEER tags what are those ??? and what is the heirarchy ? can somene just brief

Thread 'TechnoFino Trophy Points & Levels System' https://www.technofino.in/community/threads/technofino-trophy-points-levels-system.2009/

 

[helloworld]

If HDFC doesn't report credit limit, how do CIBIL check utilization ratio???

except charge cards every bank reporting credit limit now.

and for some reason if any bank not report limit, CIBIL won't consider that card outstanding for utilization calculation.

Moreover if its 3 to 4 months thing, then no issues with CIBIL except if its a continuously exceeding limits every month. then only worry about credit utilization etc. till then ignore and use as you see fit.

One major factor: pay on time.. that is primary concern, utilization can be managed but do not ever miss payment.

 

[shivakrishna987]

Anyone know about dbs bank reporting date ?

 

[helloworld]

Anyone know about dbs bank reporting date ?

it will show as 'date of report' in CIBIL DBS account.

 

[shivakrishna987]

it will show as 'date of report' in CIBIL DBS account.

Yes i know but i got this card recently and i want to know about it's reporting date,is it statement genearation date or 30th of every month, anyone know about this?

 

[SSV]

Guys,
For those interested in CBIL Score and how it works and how to improve .. here is the new post..

Enjoy...

Thread 'CIBIL Score - A Practical Guide'

Jul 18, 2024

CIBIL Score - A Practical Guide

Discalimer: This is mainly for regular Credt Card users who pay all their dues before due date and wondering why their score is not increasing..
Here we dont discuss the cases where there were defaults and / or delayed payments..that is for another day..​

Ladies and Gentelmen,

Here is the much awaited post on CIBIL Score and how it works and what we should do to improve it over the period of the time..

Here I won't go in detail about how the score is constructed as there were numerous posts on the internet in explaining the CIBIL score...

• SSV
• cibil score
• Replies: 375
• Forum: Informative Threads

• 
• 
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[sasha008]

Guys what about the impact on scores?
Like if a bank is reporting on month end, when the impact of this report is reflected in scores? I think I read somewhere 7days. Shouldn't it happen instantaneously once reported as the score is generated through some algorithm not human intervention?

@SSV Do you know if this is true? Does the impact on score and it's recalculation doesn't happen instantly as soon as the bank reporting is done and updated within CIBIL? If not instant, does it take ~7 days per your experience?

PS:- I had my overall O/S reduced from 21% to 12% today but the score hasn't changed, hence wondering.