Messed up cibil score.

[shash5252]

I made a mistake by borrowing money through the Slice app. My friend borrowed 25k under my name and didn't make the payments on time. How much days it would take to get atleast 700score☹️. Loan has been cleared now(a week ago)

 

[yusuf646]

My primary account is with HDFC.
I can open accounts with other banks if necessary.

If you already have an HDFC account, then an HDFC card might be better because there's a high chance that they'll offer you a non-FD credit card later.

Actually, you don't need to open a bank account to get FD cards. For example, you don't need an IDFC savings account to get the IDFC First Woow FD credit card.

 

[shash5252]

For a better advice, pls attach your complete cibil report here hiding sensitive data..

I have attached below.

 

[yusuf646]

I have attached below.

More than a year late payment, shocking🤯

 

[shash5252]

Never borrow for someone else on your name. This is the biggest mistake you can do. When you take out a loan, irrespective of the circumstances, you have to repay the loan back.

Exactly bro 💯. Suffered alot!

 

[yusuf646]

Exactly bro 💯. Suffered alot!

By the way how the EMI got delayed more than a year?

 

[shash5252]

More than a year late payment, shocking🤯

Yes.
He misled me by saying that nothing would happen because the Slice app is against RBI rules. + We still being a student I didn't had any source of income to clear this.
One is biggest mistake of my life.

 

[shash5252]

If you already have an HDFC account, then an HDFC card might be better because there's a high chance that they'll offer you a non-FD credit card later.

Actually, you don't need to open a bank account to get FD cards. For example, you don't need an IDFC savings account to get the IDFC First Woow FD credit card.

How can I do it? Do I have to visit the branch?

 

[yusuf646]

How can I do it? Do I have to visit the branch?

No, in case of HDFC you can inform your RM or call their customer support.
& in case of IDFC you can apply online

 

[shash5252]

If you can afford there are two practical thing to do
1- Get 5-10k fd credit card ( u won't close it atleast in future.
For 2-10k take idfc wow card
Or 50k-100k icici plat chip card ( recommended ) both as per appetite


2- buy cibil subscription ( if u can afford totally optional )

With crystal 🔮 ball here are few things
1 - if closed the bad loan remark.
Cibil will be back to 700+

For 750 it would take 2-3 month..

What is your other cibil profile/ other loan added

Which card for 1st one?

 

[Vasuki]

Which card for 1st one?

Depends on your fd value u can hold ..
Dm with all the details