https://www.desidime.com/comments/permalink/10439655
No need it corrects automatically in 6 months pay bills on time and it will be back to normal.
increase the lost CIBIL score
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Hello Diamers,
I have around more than 15 + credit cards.
I had 100% repayment history on time for every card.
Recently due to some reason I missed one payment five months back and that time civil got decreased.
My history of 100% payment on time has been reduced to 99.7.
I did not use card much recently and use only one or two cards in most time we do the same way except if there are any offers on Amazon or Flipkart.
In August I applied SBI cash back credit card which got rejected with reason internal policy.
Since I did not receive any proper response from bank with their head carti matual I file on RBI case.
Bank took time to respond me but on the RBI case I have been mention that I am not eligible for this card with following rejection.
Application is correctly declined on account as it is overleveraged Applicant. Applicant’s debt is higher than income. We express our inability that we will not be able to offer him a credit card at this moment.
In future I definitely not going to apply any SBI cards for sure.
Also the similar thing happened with HSBC cashback card.
I would like our diamond help what are the possible ways I can increase my CIBIL score because due to this my CIBIL got down from 789 to 700.
It is hard to recover from it?
May I try the way like applying FD best credit card or secure loans or overdraft facility may help to increase my cibil?
I have around more than 15 + credit cards.
I had 100% repayment history on time for every card.
Recently due to some reason I missed one payment five months back and that time civil got decreased.
My history of 100% payment on time has been reduced to 99.7.
I did not use card much recently and use only one or two cards in most time we do the same way except if there are any offers on Amazon or Flipkart.
In August I applied SBI cash back credit card which got rejected with reason internal policy.
Since I did not receive any proper response from bank with their head carti matual I file on RBI case.
Bank took time to respond me but on the RBI case I have been mention that I am not eligible for this card with following rejection.
Application is correctly declined on account as it is overleveraged Applicant. Applicant’s debt is higher than income. We express our inability that we will not be able to offer him a credit card at this moment.
In future I definitely not going to apply any SBI cards for sure.
Also the similar thing happened with HSBC cashback card.
I would like our diamond help what are the possible ways I can increase my CIBIL score because due to this my CIBIL got down from 789 to 700.
It is hard to recover from it?
May I try the way like applying FD best credit card or secure loans or overdraft facility may help to increase my cibil?
Disclaimer
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https://www.desidime.com/comments/permalink/10440581
It's been 6 month already but late payment mark it still visible.
My civili also not being increased much but only increased by plus two points and there is soft entry of SBI card + rejection definitely will be affecting my current score
https://www.desidime.com/comments/permalink/10440018
For how many days after due date you paid? it will take some time just make payments no need to take any new loans.
https://www.desidime.com/comments/permalink/10440574
Actually because of CRED issue it did not send me notification and payment delayed for one month.
Plus due to rejection of SBI card, my CIBIL got drastically down.
I want to add some Quiker way to increase my CIBIL score.
Any other thing you can suggest because somebody from timers told me to take a overdraft facility to recover your CIBIL faster.
Not sure how effective is that but would like some more pointers from you all.
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https://www.desidime.com/comments/permalink/10440025
Continue using your cards and make payment on time after bill generation, this will improve your score gradually.
https://www.desidime.com/comments/permalink/10440584
Thanks brother that I will do not a problem but any other thing in your mind you can suggest to improve this for faster?
I heard about zet they claim that you CIBIL will improve using this virtual card.
How good there climbing?
https://www.desidime.com/comments/permalink/10440756
no need to open new credit accounts
one thing is sure, rejecting WONT AFFECT CIBIL DRASTICALLY
i GOT 64 HARD enquiries in last 1 year and 70% of them is kinda rejection i think and my cibil is 766 at this moment
so your issue is just repayment
so to correct it quickly DO CARD JUGGLING AGAIN
but beware its dangerous
what i mean as card juggling is
create Rs.100 or Rs.200 bill in every 15+ card you have for every month in next 3 months and repay them after 2 days of bill generation
and this will give more payment history with 15 paid on time x3 months = 45 payment done on time
this will boost credit score quickly
THIS IS MY PERSONAL IDEA AND SPECULATION SO TRY IT AND SEE HOW IT GOES
BEWARE THIS IS DANGEROUS BECAUSE YOU MIGHT FORGET THE DUE DATE AGAIN AND MISS PAYMENT BECAUSE 15 CARDS IS HARD TO MAINTAIN
do it with caution AND PROPER EXCEL SHEET TRACKING
https://www.desidime.com/comments/permalink/10440942
That's really a good idea I will do hundred rupees payment to electricity bill to all the 15 credit cards.
Generally my electricity bill is around 1500 to 2000. This will be a good idea
Have two ways to track the payments now.
Cred and second is checkq.
In along to this there is a phonepe alerts also added.
Generally my electricity bill is around 1500 to 2000. This will be a good idea
Have two ways to track the payments now.
Cred and second is checkq.
In along to this there is a phonepe alerts also added.
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no need to open new credit accounts
one thing is sure, rejecting WONT AFFECT CIBIL DRASTICALLY
i GOT 64 HARD enquiries in last 1 year and 70% of them is kinda rejection i think and my cibil is 766 at this moment
so your issue is just repayment
so to correct it quickly DO CARD JUGGLING AGAIN
but beware its dangerous
what i mean as card juggling is
create Rs.100 or Rs.200 bill in every 15+ card you have for every month in next 3 months and repay them after 2 days of bill generation
and this will give more payment history with 15 paid on time x3 months = 45 payment done on time
this will boost credit score quickly
THIS IS MY PERSONAL IDEA AND SPECULATION SO TRY IT AND SEE HOW IT GOES
BEWARE THIS IS DANGEROUS BECAUSE YOU MIGHT FORGET THE DUE DATE AGAIN AND MISS PAYMENT BECAUSE 15 CARDS IS HARD TO MAINTAIN
do it with caution AND PROPER EXCEL SHEET TRACKING