@@adarshvernekar1748 no it doesn't affect as the cibil, i use the same method to keep my credit utilisation under 30%.. ru-vid.comsG1CRR7C86A?feature=share
@@okkhizar2733 heyy, bad this question, if my credit card limit is 20k and i want to purchase something of 40k so can I send 20k to credit card so then overall I can spend 40k. Is that possible?
Best video I've ever seen on credit score. Your effort on research & calculate exact number which contribute the credit score is admirable. Thank you so much didi.
Hello - is it AVERAGE length of credit history or the length of the oldest credit line? If it is average, how is it computed? Simply add up number of months and divide?
@beekifaayati hello mam can you please tell us , which one of these impacts more on credit score or helps us to get more effective score if we do repayment before statement generation or after statement generation !? Please answer Mam. Thank you . I love your videos Mam 🎉. Keep Teaching us like these .
My cibil report shows derogatory mark (different addr for different credit account) How to correct it But same credit account in other reports does not show this one
I have a question about Credit Utilisation Ratio, how's it calculated? Like for example if I have 3 Credit Cards with 50k limit on each, so the 30% is calculated from the total limit i.e. 150k? Or is it calculated per card i.e. 50k? 🤔🤔
Loved the video! Just one question, in the video you said that utilizing 1-9% of credit card limit gives the best points. Then why is it recommended to not use more than 30% instead of 9% limit?
If you see in the formula, you get maximum points for using between 1-9%. 30% is the maximum cap for using your Credit Limit, after that you start losing points pretty quickly. Between 9%-30% the impact on your Score is very low
My credit score is not increasing. It always remains between 770 to 785. Although I have been using credit cards for the last 3 years. All the payments were made timely. Never utilise more than 10%. I have noticed that if I used 2% of the limit last month and 3% present month then the score decreases by saying that the utilisation is increased by 1%. Why does this happen?
@@Kdasoriginal the more credit cards you have, the less it will be the burden on a single credit card . So instead of spending 10k on a single card, you can spend it by using 2 or 3 cards I. Tital. It really helps and always keeps the utilisation eatuo as low as possible ... 2. After 1 or 2 years of having a credit card, start looking for credit limit increase on your card .. this way, even if you have less cards, since you have very big limit, your spends will still amount for very less percentile of the utilisation ratio. These 2 are the best and most under rated ways
Hello... I have a question... Which app provide correct score... In one score i have 793 score, in your piramal it is 726... All the application varies alot... Which one is correct?
I tried all these for last month but still my cibil score remained 769 just increase of 10 points. Kindly suggest how to increase the score to above 850. Because I will need a home loan in next two years and I want lowest possible rate. I never missed any payment and previously I was using 25% of credit limit but now I reduced it to 10-12%
Views ke 3% likes bhi nhi jo log videos dekh kar apni problems ke solutions pate hai unko videos ko like karke comments karke video banane vale ki sarahna karni chahiye Bahut achha video .
Credit score is not something used in all countries though. In France, they determine if you are eligible to get a loan (e.g., to buy a house) based on the ratio between your salary, your expenses and your savings. Basically, if every month you 'burn' all your money, you're perceived as riskier than someone earning less but consistently making deposits to a saving account. I feel in the US people tend to buy things they don't need with money they dont have... The only times I feel one should need a credit is when buying 'big' things (house, car, etc.). Not for a TV. I'm 42 with over 792 credit score, time was put into that to build it up with the help of
If I have got a new credit card but after using it a couple of months I dont want to continue it and can I close the newly issued card as it is of no use and I just use my old cards itself. .Does closing a new credit card also affect Cibil score?
Being such a informative channel and over a million subcsribers i dont find any reason behind so low views. I have subscribed your channel and even clicked the Bell icon, still i haven't received any notification.
Suppose i have a limit of 70k and i used around 30-40k and then pay the bill within 2-3 days . And again i get a limit upto 70k . after that i again use it for like another 30k-40k. Is it good or bad for the CIBIL Score.
CRYPTO RECOVERY/ INVESTMENT They deserve everything that coming to them. What they do to innocent people is awful. Thank you so much for what you do. It clearly is getting to them and love to see it. You guys are doing the real work here! This happened to my 97 year old grandmother and luckily we caught it just in time, thanks to these recovery!! THANK YOU MYSTERYPLANETORG ON THE INTERNET!!!!
Mera account ICICI bank me hai, maine koi loan yah credit card abhi Tak nahi liya, cibil score check karne ka 440 rupya lag raha hai, kya karen ? Kya pehli Baar check karne ka Paisa lagta hai please bataiye, credit card apply hoga ya nahi
Hello I have a credit score of 720+ and i want to increase it to 800 approx and my payment history is totally clean and even my credit utilisation is max 8% as an average from last 1 year can you please suggest some ways for me?
Credti utilization pe ek issue hai. Agar hum apne credit utlization bill generation date se 2-3 din pehle hi 9 percent le jaaein, toh kya credit utilization 9 percent hi dikhegi ya usse jyada. Banks report to cibil on which exact date? Is it just before the bill generation date or can be any date?
Mujhe loan ke bahut offer milte h.. Jbki mera koi bhi registered dukan ghar Firm business nhi h.. Rent pe rahta hu.. Only Aadhaar Pan par loan offer approve ho jata h??? Cobil score 757
Yes, Flipkart pay later service impact on cibil score. This condition depends on two factors. If you repay your due amount on time it will not affect any bad Impact on your CIBIL score. If you failed to pay your lone / due amount on time this will reflect on your CIBIL score and it will decrease.
Ma'am, I use credit card only when there is money in my account. I pay the amount via credit card and then just after the payment I pay the credit card bill via cred. Does this smount spent come under utilisation? For example my limit is 10k n I spent 3k via credit card and pay 3k via cred at that moment only. Do it come under credit utilisation? Will my credit score increase?
Madam Mera credit score 752 h but M jab bhi loan apply krta hu credit card ya phir personal loan ke liye Mera loan reject ho jaata h btaoge aakhir kyu😢
CRYPTO RECOVERY/ INVESTMENT They deserve everything that coming to them. What they do to innocent people is awful. Thank you so much for what you do. It clearly is getting to them and love to see it. You guys are doing the real work here! This happened to my 97 year old grandmother and luckily we caught it just in time, thanks to these recovery!! THANK YOU MYSTERYPLANETORG ON THE INTERNET!!!!
I have hdfc credif card and it has limiti of only25 now i am getting axis bank credit crd which are offering 1 l limit i want to close hdfc credit card will it affect my cibil ? If i pay all the overdue?
Mine got deducted 90 points for no reason. Now from 800 points to 710 😢😥 , for further enquiry I learnt a lesson never check credit scores frequently. Do once in a month.
Great Video. Just one question. The CIBIL i got from the link you provided is 140 less than what CRED calculated from me, whic is backed by Xperian. Why such a huge difference?
Credit Agencies uses different formulas for calculating your Credit Score, it's difficult to pin point the exact reason. The good news is that Banks consider both Experian and CIBIL for their assessment
Because there are multiple companies which hold and manage credit score data like CIBIL, Experian, CRIF, Equifax, etc. CIBIL being the most popular and mostly financial institutions trust it and follow it's record in making the final decision.
I've a Card from HDFC Bank where limit is 5.22 Lac but in CIBIL it's showing only 1.22 Lac. Now since I've used 60k out of that card so my credit utilization is showing more than 30% which is ideally incorrect. I've raised this with HDFC Bank and CIBIL but they are unable to resolve the query. Please suggest solution.
Just spend total limit only a month, they will report that spend to cibil, one's limit used reported to cibil, its permanent, next month use whatever you want
I took a education loan of 4 lakh rupees . I am paying it's emi on time, byt at this point the toatal principal outstanding is 5.25 lakh due to interest occurred on it. So what i wanted to ask was whether this can be considered as a high credit utilisation and hamper my cibil or it is fine . And the yes the loan was unsecured loan . Without collateral. Please reply. If anyone can . It would be great help
I have two open loans, citi bank and mobikwik..should I settle both of them(which would save me some(30k) or pay that extra money and get it closed? would settling be really that bad for any future loan? PLS TELL what to do?
I have started using a FD credit card and after 8 months my credit score is 756. My limit is 90k but I only use 7k to 12k per month. Is it good? Will It increase to near 800 after One year?
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