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Thor04

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Hi guys I need help with my credit score... pls dont judge me... Right now my cibil is 734.. experian is 630... I have. no loan or card... but today i just applied for ICICI Platinum secured card with a limit of 1.3 lakhs... my rm at icici told me to use my card at least more than 60% in order to get pre approved unsecured offers.... I have had onecard,kotak secured and step up card all close now.... I used to use paytm postpaid in 2023 july but I deleted my paytm account in august...before deleting paytm account I paid all my paytm postpaid amount but apparently my patym postpaid had an outstanding of 50 rupees and i didnt knew... It marked 4 months as late payment in cibil then finally I contacted aditya birla finance(paytm postpaid financer) and I paid them 300 and close my paytm postpaid account... but my cibil is messed up... tell me how can I improve my cibil and how much card should I use
 
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The late payment will remain in your CIBIL report.
Don't use more than 30% of your credit limit.
Don't apply for too many credit cards now as they will definitely reject your application and you will get hard enquiry which will further decrease your CIBIL score.
Only time and timely repayments can improve your credit score. There are no shortcuts.
 
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RishiKiDev said:
The late payment will remain in your CIBIL report.
Don't use more than 30% of your credit limit.
Don't apply for too many credit cards now as they will definitely reject your application and you will get hard enquiry which will further decrease your CIBIL score.
Only time and timely repayments can improve your credit score. There are no shortcuts.
Click to expand...
I have 102 enquiries lol in past 1 year
 
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Thor04 said:
Hi guys I need help with my credit score... pls dont judge me... Right now my cibil is 734.. experian is 630... I have. no loan or card... but today i just applied for ICICI Platinum secured card with a limit of 1.3 lakhs... my rm at icici told me to use my card at least more than 60% in order to get pre approved unsecured offers.... I have had onecard,kotak secured and step up card all close now.... I used to use paytm postpaid in 2023 july but I deleted my paytm account in august...before deleting paytm account I paid all my paytm postpaid amount but apparently my patym postpaid had an outstanding of 50 rupees and i didnt knew... It marked 4 months as late payment in cibil then finally I contacted aditya birla finance(paytm postpaid financer) and I paid them 300 and close my paytm postpaid account... but my cibil is messed up... tell me how can I improve my cibil and how much card should I use
Click to expand...
You can use card upto limit but pay your unbilled amount before statement generation. Only keep 10% limit unpaid to statment amount. After statement generated paid it next day.

Your CIBIL would get 750 in next 12 months if all payments ontime and <10%
 
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These are different cases I am looking at :

  • Paytm Postpaid Late payment : Get in touch with Lender and try to negotiate if they are all oK with removing that late payment they may ask for some fee under 1K should be fine to pay for CIBIL improvement.
  • Experian will go up overtime CIBIL as well. Do this Get 3-4 Secured CC or BNPL and use them or not they will make timely payments. Hence the number of late payment / Total Payment the ratio will improve and with time that late payment will also start to lose relevance.
  • For now avoid applying any Card either its Secured or Pre approved.
  • After 12 months from your last CC Application (and CIBIL>750) apply for first card not from anywhere either from an agent who have enough sources to get you the card approved or Through Branch Manager of your account holding Bank.

The damage is already being done, it will improve with time but till then have patience and play secured CC game till things improve.
 
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Lol no I am not getting any BNPL… I have applied for icici secured card with limit of 1 lakhs… I will apply for sbi prime secured with limit of 60k and idfc wow secured with limit 40k and will use less than 20% in all cards
 
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Thor04 said:
lol I tried applying for hdfc cause I have been keeping 2 lakhs balance in it…1 is for sbi secured prime and 1 for icici mmt
Click to expand...
What u r not understanding is after rejection u need to wait atleast 3-6 month

By applying mmt today
Even if u got icici platinum chip card
U pushed pre approved offer by 2 month

Now u will get pre approved around 8th month

As after rejection 6 month u can't get the card in icici no matter what you do
 
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