How to increase CIBIL score (above 790)?
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As per the below CIBIL report, it falls under "Good" range.
While others factors are Excellent. How to make "Credit Mix" excellent? Any suggestions?
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Baat to sahi hai 🥲
My credit score
Stop obsessing over credit score. 783 is an excellent score top 10% in the country.
The only way to increase credit mix is to get new loan products, who wants that headache? Do you really want to take out a new loan and pay the interest on it just to get your score up? even that doesn't happen immediately.
Credit score is supposed to help you get credit/loan easily. You shouldn't take new loans to get better score.
If you really want to, home loans, personal loans, vehicle loans, overdrafts are some of the loan products that increase credit mix.
Not worth it.
Padhai karo😊
There are a lot of factors that affect your score... How far back does your credit history go. How much are the outstanding loans. How recent are your loans, How many credit accounts are active, etc.
It's not worth worrying about your credit score that much. Just keep paying off the loans on time and don't apply for many credit products and you should be fine.
I have 8 active credit products - 7 credit card accounts (2 of these are credit cards that have expired 4-5 years back but the accounts are still active and contributing to my positive payment history) and 1 home loan and I have a score of 804. When I took the home loan 2 years back it went to 780s and after few months went back above 800.
what does it mean that the card is expired but the account is active?
why is the credit account still active?
Stop obsessing over credit score. 783 is an excellent score top 10% in the country.
The only way to increase credit mix is to get new loan products, who wants that headache? Do you really want to take out a new loan and pay the interest on it just to get your score up? even that doesn't happen immediately.
Credit score is supposed to help you get credit/loan easily. You shouldn't take new loans to get better score.
If you really want to, home loans, personal loans, vehicle loans, overdrafts are some of the loan products that increase credit mix.
Not worth it.