How to regain Credit Score after a late payment

[parthv]

I have accidentally made a late payment of my ICICI Credit Card, it was for the month of February and my CIBIL has dropped from 795 to 737. My credit age is 8.1 Years. I want to know, is this the end or will the score bounce back to normal?
I have already written to ICICI to remove the entry, as it's just one instance in 8 years.

 

[Vasuki]

I have accidentally made a late payment of my ICICI Credit Card, it was for the month of February and my CIBIL has dropped from 795 to 737. My credit age is 8.1 Years. I want to know, is this the end or will the score bounce back to normal?
I have already written to ICICI to remove the entry, as it's just one instance in 8 years.

If your inspiration isn't amex
U r good
It will bounce back in 3 months

To make even better
Do 1rs payment to all cc u own .making ur payment ratio more

 

[parthv]

If your inspiration isn't amex
U r good
It will bounce back in 3 months

To make even better
Do 1rs payment to all cc u own .making ur payment ratio more

I already have Amex, will it affect the existing account?

 

[Vasuki]

I already have Amex, will it affect the existing account?

No
Amex is liberal now .
Late payment is ok once in decade 🐱

U didn't default or anything.
When u settle then banks take action

 

[nrj1007]

No
Amex is liberal now .
Late payment is ok once in decade 🐱

U didn't default or anything.
When u settle then banks take action

I have 3 late payments around 2-3 years back. 2 of them were mistake by SBI as they were deducting 1rs less than the actual should be amount.
My credit score now is 781. Will Amex consider me?

 

[Vasuki]

I have 3 late payments around 2-3 years back. 2 of them were mistake by SBI as they were deducting 1rs less than the actual should be amount.
My credit score now is 781. Will Amex consider me?

Ask @BestBanker he is employee

 

[ashu99924]

I have accidentally made a late payment of my ICICI Credit Card, it was for the month of February and my CIBIL has dropped from 795 to 737. My credit age is 8.1 Years. I want to know, is this the end or will the score bounce back to normal?
I have already written to ICICI to remove the entry, as it's just one instance in 8 years.

Similar thing happen to me but ICICI is not removing the CIBIL entry. My score was dropped from 798 to 728. Now CIBIL simulator showing if I clear the outstanding on ICICI credit card, my cibil would increase by 70 points. Already made the payment along with late payment fee as soon as I realized, now for me every 19th of month they report to CIBIL, hopefully CIBIL would increase after 19th. This has happen to me at worst possible time as I am looking for homeloan in next 1-2 month.

 

[Vasuki]

Similar thing happen to me but ICICI is not removing the CIBIL entry. My score was dropped from 798 to 728. Now CIBIL simulator showing if I clear the outstanding on ICICI credit card, my cibil would increase by 70 points. Already made the payment along with late payment fee as soon as I realized, now for me every 19th of month they report to CIBIL, hopefully CIBIL would increase after 19th. This has happen to me at worst possible time as I am looking for homeloan in next 1-2 month.

Won't be a problem.
Just clear the dues .

 

[ashu99924]

Won't be a problem.
Just clear the dues .

yes, immediately did via UPI so it will credit on same day. My bill was 500.88 .. due to extra 0.88 they charge 500 rs late payment otherwise it would have been 100 rs late payment. ICICI is very strict and not entertaining any request even if I am their customer since 2015.

 

[Vasuki]

yes, immediately did via UPI so it will credit on same day. My bill was 500.88 .. due to extra 0.88 they charge 500 rs late payment otherwise it would have been 100 rs late payment. ICICI is very strict and not entertaining any request even if I am their customer since 2015.

Don't worry about home loan part .
Just make sure when u applying late payment isn't showing as overdue .
Rest dent to 100% track of payment to.99 is perfectly fine

 

[doraemon]

yes, immediately did via UPI so it will credit on same day. My bill was 500.88 .. due to extra 0.88 they charge 500 rs late payment otherwise it would have been 100 rs late payment. ICICI is very strict and not entertaining any request even if I am their customer since 2015.

There is some rule na ki they can't charge for o/s below 1 rs


@DocFixIt

 

[Vasuki]

There is some rule na ki they can't charge for o/s below 1 rs


@DocFixIt

Ache se read kijiye

Due was 500.88
Hence more than 500
So late fees is 100
If it was flat 100 it should be zero.

Since it's not due left after minimum due
Hence late payment charges

Late fees is charged by system not humans

 

[BestBankerBestBanker is verified member.]

Ask @BestBanker he is employee

No problem with delayed payments. Make sure you clear those soon

 

[turingmachine]

Hey, for how many days did you miss the payment? I missed the payment by 6 days as I was traveling and didn't remember it.

 

[TechUser]

Dear @BestBanker I am looking to get the Amex Platinum Charge Card on a C2C basis. I have ICICI Credit Card of 8 lakhs limit and Indusind for 5 lakhs. Please let me know if you can help. Thank you!