How accurate are these % for credit score impact (by Airtel Thanks App)

[CyberPsych]

I went to check my score and found these in tips section. How accurate is this % values?

 

[RaviAglRaviAgl is verified member.]

These are just pointers to be taken with a pinch of salt.

I am not satisfied about the credit mix section. It says keep only those which you need. But I have read and experienced that one housing loan and a car loan will definitely help to push up the credit score as opposed to only a bunch of unsecured credit cards.

So, yes even if you may not need a housing loan, you should apply for one (though maybe for a very small amount say 5-10 lacs) and repay it properly to help push up your score.

In my opinion, one long term loan is very important if you want to see a cibil score above 800. The more long term loans you have the merrier it will be.

I have seen many veterans here who have been holding credit cards since long. It is very difficult to take the credit score above 800 if you have only credit cards being reported to your cibil profile.

Thanks!!

 

[CyberPsych]

It is very difficult to take the credit score above 800 if you have only credit cards being reported to your cibil profile.

Difficult to take credit score or cibil score above 800?

 

[RaviAglRaviAgl is verified member.]

Difficult to take credit score or cibil score above 800?

Don't understand what you mean by that. Please elaborate.

 

[CyberPsych]

Don't understand what you mean by that. Please elaborate.

You said it is difficult to take credit score above 800 with credit cards only. I am asking whether you mistyped cibil score and put credit score. (Because both are different right?)

 

[RaviAglRaviAgl is verified member.]

I meant that if you have only a mix of credit cards and no other borrowings then it is very difficult for your cibil score to go above 800. Even if you have a credit history of more than 15 years with zero defaults.

Generally speaking, we refer to cibil score as the credit score. But technically you are right as cibil score and credit score are different.

Thanks!!