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What is your 💳 score?

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Share your credit score along with number of years since your first account opened (doesn't matter if it is closed currently)

Update March 2023

CIBIL - 738
Experian - 802
Equifax - 702
CRIF - 560

Credit History - 1.75 Years
 
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suhailmz said:
@Wealth is my birth right! Till Dec 2022, I had 3 credit cards, now I have got 8, So I’ve got 4 new cards in 2 months. My CIBIL is down by some 6-8 points as 2 new cards are visible with other 2 still not reported. I am suspecting further drop when the other 2 accounts reflect in the report. Shall I close 1-2 cards to avoid the drop?
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Man closing your new accounts will not improve your credit score now. Besides, you can keep your overall credit utilisation low with the help of your new cards. Live with it. Don't apply for credit cards for some time. Your cibil score will drop temporarily, but keep your payments up to date. Your score will eventually retrace.
 
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BLK said:
Man closing your new accounts will not improve your credit score now. Besides, you can keep your overall credit utilisation low with the help of your new cards. Live with it. Don't apply for credit cards for some time. Your cibil score will drop temporarily, but keep your payments up to date. Your score will eventually retrace.
Click to expand...
Yeah I agree, I should have been thoughtful about applying for too many cards too fast. I got Carried away by cards like AU Vetta LTF, MMT Signature LTF, etc. But yeah my utilisation would not go above and 10% for sure 🙂
 
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suhailmz said:
@Wealth is my birth right! Till Dec 2022, I had 3 credit cards, now I have got 8, So I’ve got 4 new cards in 2 months. My CIBIL is down by some 6-8 points as 2 new cards are visible with other 2 still not reported. I am suspecting further drop when the other 2 accounts reflect in the report. Shall I close 1-2 cards to avoid the drop?
Click to expand...
Closing card will lead to drop, don't close it.
CIBIL drop will be temporary if you apply many CCs in small time & CIBIL improves gradually with time & can see small spike after 1year
 
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suhailmz said:
Yeah I agree, I should have been thoughtful about applying for too many cards too fast. I got Carried away by cards like AU Vetta LTF, MMT Signature LTF, etc. But yeah my utilisation would not go above and 10% for sure 🙂
Click to expand...
Doesn't matter. Just play the waiting game. Gradually you learn to understand how it works.
 
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suhailmz said:
@Wealth is my birth right! Till Dec 2022, I had 3 credit cards, now I have got 8, So I’ve got 4 new cards in 2 months. My CIBIL is down by some 6-8 points as 2 new cards are visible with other 2 still not reported. I am suspecting further drop when the other 2 accounts reflect in the report. Shall I close 1-2 cards to avoid the drop?
Click to expand...
Not essential you can boost by timely payment of bills with 30% utility of card limits
 
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Is there anyone with a 800+ CIBIL score and NOT having any active home/car loan ?
Reading all the above comments concludes that only people having an active home loan have a score of 800+, rest all are capped to max 795 or so...
 
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BlueFlash said:
Is there anyone with a 800+ CIBIL score and NOT having any active home/car loan ?
Reading all the above comments concludes that only people having an active home loan have a score of 800+, rest all are capped to max 795 or so...
Click to expand...

Could it be cause Home loan as a Secured loan has more weightage than unsecured loans (Credit card/Personal loans etc)?
 
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suhailmz said:
Agree, it’s a long term game, timely fluctuations are bound to happen
Click to expand...

I have annual subscription to CIBIL, so I keep checking my score's 2 or 3 times a week.

In the beginning of March - when I had only 3 credit cards - score was 806
Now when i check it today ( after having 3 new Credit card enquiry ) - score increased to 808 !!!

Not sure how it works, since I had expected it to drop after the hard enquiries. Maybe it will drop once the 3 new cards get reported in the coming days. Will update the thread.
 
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BlueFlash said:
Is there anyone with a 800+ CIBIL score and NOT having any active home/car loan ?
Reading all the above comments concludes that only people having an active home loan have a score of 800+, rest all are capped to max 795 or so...
Click to expand...
Had 2 home loans and 1 car loan all closed (Pre closure)
Having 13 credit cards
This month cibil is 803
 
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CIBIL-745
EXPERIAN-789
EQUIFAX-707
CRIF-742
Credit cards - 14
Personal Loan -1
Enquiries -39 (1 under dispute as AXIS made it mistakenly)
Credit History - 14 years
Had 3 late payments in early 2020, one was of 852 days late and 2 of 59 days late. Since I was not aware about credit score and all. All these cards I got from July 2021 to till date.
 
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