How to Increase credit score

[Subhajeet]

Am using the credit card for almost 12 years, using 30% max limit no payment default and failure, but my score is 789 just and its increasing at snails pace found one of my friend whose score i saw was 870 asked him but he could not explain how this is so high any suggestion from any body?

 

[Rahul Gupta]

Am using the credit card for almost 12 years, using 30% max limit no payment default and failure, but my score is 789 just and its increasing at snails pace found one of my friend whose score i saw was 870 asked him but he could not explain how this is so high any suggestion from any body?

Do you have any secured cc?

 

[Subhajeet]

Do you have any secured cc?

no all unsecured and no car and home loan as well only credit card just from 12 banks 1 card each

 

[Subhajeet]

no all unsecured and no car and home loan as well only credit card just from 12 banks 1 card each

sourced one card each year from different bank

 

[deep@vie]

Am using the credit card for almost 12 years, using 30% max limit no payment default and failure, but my score is 789 just and its increasing at snails pace found one of my friend whose score i saw was 870 asked him but he could not explain how this is so high any suggestion from any body?

789 is very good score,no need to panic. 870 is unreal. could be experienced.

 

[metal_heart]

Score above 750 is considered very good. I too have 15+ yrs of credit history but have very rarely crossed 800. It hovers b/w 780-800. I have stopped tracking now. Till the time you are using your credit limit correctly and not defaulting; dont worry too much on it.

 

[Saul Goodman]

no all unsecured and no car and home loan as well only credit card just from 12 banks 1 card each

Credit mix also plays a role - like having an education loan / auto loan / home loan boosts the credit score a bit.

 

[SangEUD]

Experian is almost always higher. Yours is CIBIL, friends must be Experian. Anyway 750+ is very good

 

[Subhajeet]

Experian is almost always higher. Yours is CIBIL, friends must be Experian. Anyway 750+ is very good

no its cobil my eperian is only 889.

 

[SangEUD]

Rare to see such high CIBIL score. Anyway it doesn't matter much whether you are at 780 or 880. What matters is above 750 or not

 

[Patil007]

Score above 750 is considered very good. I too have 15+ yrs of credit history but have very rarely crossed 800. It hovers b/w 780-800. I have stopped tracking now. Till the time you are using your credit limit correctly and not defaulting; dont worry too much on it.

I have 6 year of credit history and 8 credit card and 1 home loan. 801 score was my highest. So above 750 is good score. Currently it is 785.

 

[Rahul Gupta]

Guys a secured cc will boost your score alot in long time

 

[Patil007]

Guys a secured cc will boost your score alot in long time

If I closed the FD, Need to close the card also right?

 

[luciferlucifer is verified member.]

If I closed the FD, Need to close the card also right?

yes card gets closed automatically on fd closure

 

[Patil007]

yes card gets closed automatically on fd closure

Okk.

 

[Wealth is my birth right!]

Nothing special with cibil above 800 homeloan providers giving subsidy interest rate for 800>
And for me 796 as of October from yes bank free report I have 10cc recently closed home loan prepaid
Car loan 2 yrs back paid as emi for full tenor

Am using the credit card for almost 12 years, using 30% max limit no payment default and failure, but my score is 789 just and its increasing at snails pace found one of my friend whose score i saw was 870 asked him but he could not explain how this is so high any suggestion from any body?

 

[Momo_Scooby]

If you can see the high and medium impact items those are the most contributing factor for the credit score. You can plan accordingly.

 

[KS7]

If you can see the high and medium impact items those are the most contributing factor for the credit score. You can plan accordingly.

What's derogatory marks for, in the screenshot?

 

[akshayhs]

What's derogatory marks for, in the screenshot?

That's just One score doing goofy stuff. If there is any mismatch in personal data one score considers it derogatory.

 

[avishekubi]

That's just One score doing goofy stuff. If there is any mismatch in personal data one score considers it derogatory.

I also found a derogatory mark.
It was because of the address and father's name mismatch,