CIBIL Credit Score – Negative Factors and Ways to Improve your Score

by Shiv Kukreja on August 14, 2012

in Credit, Featured

This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm, Ojas Capital in Delhi/NCR. He can be reached at

Many of you must have checked your CIBIL credit score sometime in the past and for some of you it must have got a surprise either positively or negatively. Some of you might have been caught unaware of a credit card account running in your name with annual charges being levied year after year. Some of you might have undergone for a loan settlement with the lender which could have impacted your score quite negatively.

But to your surprise, some of you could have found your credit score to be quite high, despite defaulting a couple of times. This is due to some unique but scientific methodologies being adopted by CIBIL to calculate your score.

Factors that negatively affect Credit Score:

1. Late payments or defaults in the past: Your payment history has a significant impact on your credit score. So, if you have missed payments on any of the existing loans over the past couple of years, then the credit score would get negatively affected as it indicates you are facing difficulties in servicing the existing obligations.

2. High utilization of credit limits: You must remain quite careful while using the credit limits available on your credit cards. A higher and higher utilization pattern against the available credit limits is an indication of an increased repayment burden and may negatively affect your credit score. Lower outstanding balances getting reflected in your credit card statements improve this score.

3. Higher percentage of Credit Cards or Personal Loans (i.e. Unsecured Loans): A higher number of unsecured loans coupled with a high utilization would also affect the score in a negative way because of the fact that these unsecured loans carry a very high rate of interest as compared to secured loans like home loans or car loans and result in larger payments and higher defaults.

4. Behaving Credit Hungry: If you are behaving “Credit Hungry” (i.e. in an urgent need of money) and have applied for new credit facilities with a large number of lenders, then it is going to affect your score negatively and make the lenders more cautious while evaluating your application for a fresh loan.

Can your CIBIL Credit Score be improved? If yes, how?

As I mentioned in my earlier post, it is like a CAT examination. Like you can always improve your CAT score by appearing for the exam again, your CIBIL credit score can also be improved, but not overnight. If you have taken a 20-year home loan which is just a couple of years old and you’ve defaulted on your EMIs 3-4 times since the beginning, then it will probably take you at least 2-3 years or probably more than that with regular EMI payments to improve your score. You will have to maintain the greatest of financial discipline in order to secure a better credit treatment in the future. Here is how it can be done.

Measures to improve your Credit Score:

1. Pay your loan EMIs regularly in a timely manner to maintain a clean credit history: Try to keep a diligent track of your EMIs in case you are running more than one loan.

2. It is highly advisable to make full payments on your credit card instead of just the minimum payment. In case it becomes very difficult to pay the bill in full, at least make the minimum payment without fail.

It takes you a longer time to build your credit history with a loan as compared to a credit card as these loans are usually for a longer tenure whereas a regular payment of your credit card bills can help you start building a good credit score as you keep on making the regular payments. A credit card debt is categorized as a revolving credit and it helps in building a good credit score faster if the payments are regular.

3. Do not apply for an extra credit card unnecessarily when your bank’s relationship manager approaches you to get one and actually you do not require it. Applying for an extra card or a loan without any requirement would mean more credit exposure and reaching near the card’s credit limit would result in a lower credit score.

4. If you have been issued a credit card but you have not used it very frequently or the utilize credit limit has been very low, then this would affect your credit score in a positive way as unused credit cards actually imply that you are financially secure.

5. You should use special incomes like bonus or a monetary gift or some other source of savings for the prepayment of some of your existing debt. Early repayment of debt also helps in improving your score.

6. Avoid becoming a joint account holder or a guarantor in a loan or a credit card facility as any default would lower the quality of your credit score.

7. Avoid going in for a settlement or “write-off” of your loan accounts as it implies that you have not been able to pay the past dues. Keeping the credit history clean improves your credit score.

8. You should keep reviewing your credit history on a regular basis to ensure that the credit report accurately reflects your current financial status.

At the end of the day, common sense should dictate what you do with your financial life and good financial habits along with awareness of credit scores will help you build a good credit history and a good credit score.

{ 252 comments… read them below or add one }

Gaurav August 14, 2012 at 6:44 PM

It is evrytime mentioned in most articles about how to improve score,not only here but every other article,that applying for credit facility recently adds one entry in CIR as an Enquiry and that affects your credit score. Even I thought so earlier when I used to read these articles and plan accordingly.But recently my experince was something different.I applied for 2 credit cards recently and retrieved the CIBIL report from Bank that they in turn retrieved while processing my application.Also I asked one another Bank whose Credit Card I was already holding then,to retrieve my report again.This means now I was having 3 different CIBIL reports given by 3 different banks which were generated on 3 different days with a gap of around 4-10 days in between.And most importantly every successive report was showing one additional enquiry in addition to previous enquireies keeping all other particulars same as in older CIRs.By doing this what I actually tried to check — Is it really correct that applying for credit facility recently does really affect score by giving another enquiry in CIR?
The result was very much surprising!!! Though every successive report was showing one additional enquiry keeping all other particulars same,by that way my score should have reduced every time by say 5-25 points when some or other Bank retrieved my CIBIL report recently,BUT ACTUALLY MY SCORE WAS NOT AFFECTED AT ALL.THE SCORE THAT WAS REFLECTING IN EVERY CIBIL REPORT WAS CONSTANT!!!!
The score however reduced by around 24 points only when the one out of 2 credit cards which got approved recently started reflecting under my CIR!!!!By this observation its concluded that its not the recent enquiry which affects your score negatively,its the recent approval of credit facility as reflected in your CIR,which actually affects your score negatively.I can further confirm this fact when at the end of this month my other credit card approved will start reflecting under my CIR.I am expecting my sore to deep further when that credit card starts reflecting in my CIR.Lets see what happens


Shiv Kukreja August 14, 2012 at 11:48 PM

Thanks Gaurav for sharing your experience here. Your observation is a practical example of how it works. You were probably required to have a credit card and for that you approached 2 different banks. These banks must have sent their respective enquiries to CIBIL. Just getting enquiries from banks probably doesnt affect your score.

But suppose you already have a couple of credit cards and a similar no. of personal loans which you have not been able to serve that easily and you have defaulted on your payments a few times. Now if you approach 2 more banks for another personal loan or a credit card, then your behaviour would be considered as “Credit Hungry”. This makes CIBIL process scientific.

Like you mentioned above, getting one more credit facility made your credit score dip by 24 points, it made me think of a company which carries huge debt on its balance sheet. If this company approaches another bank or an investor for one more loan, then it would be natural for the lender to raise suspicion.

Please do share your experience when you get your score checked by the month-end.


Gaurav August 15, 2012 at 3:08 AM

Yes do agree about your points..
I never required a credit card infact.I am financially very strong but kept 5 credit cards in my Folio just to avail great offers on different credit cards.I was researching about the CIBIL and the related stuffs since long and was trying to unfold the untold myths about it.One fact that revealed from my recent experince was what I have stated above.
Having enquiries in your CIBIL report doesnt affect your score.It is indeed addition of recent credit facility that got aproved by the bank as reflected in CIR will actually affect the score and makes it scientific.Will definitely share my experince again later this month


Shiv Kukreja August 15, 2012 at 3:46 PM

Thanks Gaurav!


Gaurav August 14, 2012 at 6:48 PM

Yes by above view of mine,I am not denying that recent enquiry means nothing to Bank or Loan provider.Yes I do agree that the recent enquiry in your CIR does raise quotion for Bank which is handelling your application of new credit card or loan!!!I do agree this view of writer.


Anonymous Coward October 7, 2012 at 10:48 AM

Gaurav, it’d be great if you could reply to the following:

1. How did you manage to get the CIBIL report from the bank where you applied for the credit card? I have tried that and have been unsuccessful; is there any method which allows an applicant to “demand” the CIBIL report from the bank he’s applying credit card at?

2. Did the score dip a few points when you got your second credit card approved?


Gaurav October 7, 2012 at 12:11 PM

Before giving you the answer,let me know what you exactly did to obtain CIBIL report from Bank.


Swapnil October 15, 2012 at 12:48 PM

I have made settlement of 3-4 credit cards and now my cibil score is very low as recently my personal loan application is rejected.

Please tell me what I have to do now to improve cibil score. Also confirm me that is there any validity for bad cibil score like after some years I will be out of defaulters list.


Gaurav October 15, 2012 at 10:47 PM

First of all send the letters of Settlements you received from Credit Card Providers to CIBIL and ask them to update the status accordingly.Further hereafter,channelise your funds regularly to pay the henceforth debits on your existing credit cards so as to get DPDs reflecting as 000 which will signify that you are out of financial crunches now and and able to withstand financial burden now onwards.
Yes the Defaulter status will remain there for 7 years but with regular payment of your credit card dues hereafter certailnly you can improve your score till then.


Prat October 22, 2012 at 1:44 AM

Hi, I have a couple of credit card and a personal loan default. Though I have a credit card which is being paid regularly. Will I get a home loan?


Shiv Kukreja October 23, 2012 at 12:16 AM

Hi Prat… Sorry, it is not possible for us to tell you whether you are eligible to get a home loan or not, especially based on the info you have provided.


Preet Kumar November 7, 2012 at 9:58 AM

Hi Shiv,

My ICICI RM is saying that my credit limit is high ( total 3 lacs 22 thousand of all credit cards together), this is the reason credit manager was saying to reject my loan application. This is not fair, banks only give the high credit limit credit cards. My HDFC limit was 98k last year but now bank increased it upto 1 lac 98 thousand. First time they asked salary slip to increase credit limit, i denied for that. Then they increased it them self without taking the salary slip.

But my RM is saying high credit limit is not your problem, its banks problem. You didn’t ask to increase it. And he said he will get it done. Let see…with finger crossed.

One more thing, do i need to courier Payment confirmation slip, address proof and Personal Id proof to CIBIL or uploading on CIBIL portal is sufficient?

Thanks & Regards


Shiv Kukreja November 7, 2012 at 10:47 AM

Hi Preet… Ya, lets hope you get the loan with any more problem now. Uploading your docs online will be sufficient to get your credit report.


pankaj singh October 28, 2012 at 12:12 PM

HI, I had one CC from HDFC bank in 2007 and was doing all my payments regularly but in Sept 2007 I lost my CC and blocked the card immediately. At that time my 13000 balance was due and the same time I moved to other location and changed my number. In May 2008 I did final settlement from HDFC bank and paid 14000 Rs(according to them I had to pay 22000) and they sent me Final Settlement letter. Recently I applied for one CC from Standard chartered bank and got successfully(using this from last 6 month). Now I am planning to purchase one flat and will go for home loan soon. May I apply to get my CIBIL score as I already got one CC that’s mean I have good CIBIL score. Please suggest me. I do not want any rejection in my home loan.


Gaurav October 28, 2012 at 11:03 PM

Certainly,you got StanChart Credit Card 6 months back does mean that your CIBIL Score was acceptable as per the policies of Stan Chart Bank to be eligible to extend you credit facility.Moreover your regular payment of Stan Chart credit card bills for last 6 months would have helped your score to improve further.But ultimately you have to remember that the meaning of “ACCEPTABLE CIBIL score” has different meanings as per different loan/credit card provider.For some 650 is acceptable whereas for others 700 is must!!! Hence its prudence to get your CIBIL score before applying for Loan which gives a primordial idea about your credit worthiness at this point of time!!!


pankaj singh October 31, 2012 at 12:35 AM

Thanks Gaurav,

I want to know one more thing like As I mentioned From HDFC bank side payment was due 22000 ( 13000 k Original + 9000 k interest). I payed only 14000 rs and they did settlement so I am defaulter for 8000 Rs. In some thread I read It is good to make full payment and clear your name. I want to know If suppose I contact to bank and willing to pay those 8000 K, will they ask for interest also or after settlement they do not charge any interest on remaining amount.


Gaurav October 31, 2012 at 10:00 AM

After paying Rs 14000 did they gave you any settlement letter?If you have been given any such letter stating the credit cardout standing has been settled then you dont need to do anything further.Your name wont be there as as a Defaulter.Rather it would be as written off


pankaj singh November 4, 2012 at 9:27 PM

thanks gaurav,

Yes one settlement letter had been sent by HDFC bank.
Could you please tell me what is “Written off”.

Will it impact me while applying any home loan. I am planning for one home loan soon.



Gaurav November 4, 2012 at 9:52 PM

Written of per se means you had defaulted somewhere in past but you did some settlement with the loan provider and resolved your issue in past.So Written off in that way,for some new loan provider,means some person better than a defaulter to lend a new credit to!!! Offcourse that means it lies somewhere between defaulter and credit worthy person..But having a Written Off status doesnt actually speak that the person defaulted purposefully or the incidence of defaulting was due to some other reason like mistake or dishonest behaviour of loan provider or just a missed payment of EMI which led to inappropriate penalty or may be due to reason like in your case where you moved your address and later on came to know that you have been charged huge interest on your outstanding.Thus whatever may be the reason,the new loan provider will look your application more carefully and may even ask you explanation for that Written Off stigma in your CIBIL report.Also if they ask so and find your reason for having that Written Off tag acceptable,then will definitely issue you a loan.But yes ,that depends on loan provider at last.


pankaj singh November 16, 2012 at 11:26 PM

Hi Gaurav,

Today I checked my CIBIL score. It is 771.
But the data is showing from last 36 month only and as I mentioned earlier I made settlement with HDFC bank in 2008 and they told me that they will share this information in CIBIL but now nothing is showing regarding HDFC bank. Only my SCB CC information is coming for which I am paying regularly.

I want to know one thing like while applying Home loan may I disclose the NOC given by HDFC bank or no use as no information is coming now.

Pankaj Singh

Pankaj Singh


Gaurav November 16, 2012 at 11:40 PM

You got a jackpot!! Your current score is near to great!!
As said earlier Banks give records upto 3 years to CIBIL for updation in CIBIL.But the incidence of default remains there for 7 years.HDFC being responsible bank unlike ICICI,helped you either knowingly or unknowingly (I dont know,Lolz) by not informing the default you made to CIBIL or it could be a mistake at CIBIL’s end that they forgot to update it.Whatever may be the case,go ahead and apply for the loan you want.It will surely get sanctioned.No need t tell them anything about your NOC or default as CIBIL would have been the source from where they would have known about it but CIBIL doesnt have any record now.


Gaurav November 16, 2012 at 11:43 PM

Provide NOC later to the loan provider only if they find about your past default later while processing your loan application.They will surely consider it with due respect.Dont worry about not providing it at the time of application only


Atul Narang August 30, 2016 at 9:52 PM

Dear Gaurav

I had taken a PL from fulltron and I had given almost all amount , But when I applied cc and in cibil they reported write off of rs 34000 , How can it’s change


Andy November 9, 2012 at 12:19 PM

Hi Gaurav, I’m in dire need of an answer to my concern, hope you can help?! So here we go, back in ’09 had a cc with citibank with a great credit limit, defaulted on my payments, but finally settled it off for a huge sum. Later the following year, took a personal loan which over the course of 1 year I squared it off without any failures. I have currently applied for a personal loan again with Fullerton India and i have been informed that though their rate of interest is higher but ppl like me can apply for loans and it does get approved. The requirement through them is anywhere around 600+. My question is, how good are my chances of getting this loan approved.

P.S: I currently have 1 cc which i make payments on time for and make more than the min. payment.


Gaurav November 9, 2012 at 7:24 PM

As per the information given by you,I dont find any reason for your loan getting rejected!!
Your application will be looked favorably as-
1) You settled your previous act of default which showed your comittment to take responsibility of what you requested Bank for.
2) By doing that you not only took responsibilty but all did something which reduced harm to Bank which would have happened by your act of not clearing off your dues
3) You took another loan later this which your cleared in just one year which speaks for itself that you are financially stable and able to pay back as well
4) Moreover by paying credit card dues on time you have further added to the fact that you are credit responsible.
Hence I feel your loan will be looked favourably.But ultimately it depends on Bank policies as other factors besides CIBIL does matter something.So I would advice to retrieve your CIBIL score before applying for Loan which will make your more confident for going ahead with your loan.Do check your CIBIL Score and verify if all details are correct in it and if found something incorrect then first correct it and then apply for Loan which will give you a pleasurable consequence


Mahesh November 12, 2012 at 3:37 PM

Hi ,

In My CIBIL report one entry for 2K is showing as due for ICICI CC payment. Actually last payment of 266 Rs and paid it after 2 days of due date…and after that i moved from my address mentioned in ICICI website . Later My Home loan provide informed me that there is due in u r CC. After cross checking with ICICI they told me that they had applied charges of 4000 on late payment by 2 days…in between period i hav not got any info about the dues.

I have two other cards SBI and CITI..with i use frequently any paymetns for these cards are regualary paid by me..Now i had paid the due to ICICI bank…how it ll impact my loan approval process…..


Shiv Kukreja November 14, 2012 at 1:19 PM

Hi Mahesh… It should ideally improve your credit history as well as your credit score in some due course of time.


Siddiq November 13, 2012 at 10:55 AM

HI Folks, I had recently take my CIBIL statement & my current score is showing as 658 just wanted to know is this a good score or bad.. Thanks in advance for your answers


Shiv Kukreja November 14, 2012 at 1:15 PM

Hi Siddiq… Credit Score of 658 is somewhat below average.


Gaurav November 14, 2012 at 1:29 PM

As said earlier 658 score is a good score infact.Please read my earlier statements i revert to previous questions by others as above.Evry Bank or Non Banking Finacial Corp though consider CIBIL score as one factor to take decision on whether to extend you loan or credit card,they decide the definition of that “GOOD” or “BAD” score on their own.That means for Bank A,score of 600 is good score too extend a loan but for Bank B anything above 700 is only requisit.But still on an average a score of 600/650 or above is a Good score.Score around 500 needs to be worked on and Score around or below 450 is definitelly bad


Rajesh R November 19, 2012 at 4:44 PM

My credit card application from SCB got rejected. After citing the RBI regulations and lot of persuasions I got a copy of the CIBIL report obtained by SCB. The TU score is 826. There are no defaults/suits filed.
Payment history for all the loans shows STDSTD….. What could be the reason for rejection? They are not giving a clear explanation. They are telling “we are unable to offer you the credit facility in this point of time since the CIBIL/Credit History -does not meet bank credit norms”

Can I demand a more clear explanation? The RBI guidelines says “banks should convey in writing the main reason/reasons which in the opinion of the bank have led to the rejection of the credit applications”.
Whether just saying “does not meet bank credit norms” without explaining what are the “bank credit norms” enough?
I had taken a home decor loan which is reflecting in the CIR as personal loan


Gaurav November 19, 2012 at 5:36 PM

Certainly,you can!!!
You are very correct about the guideline of RBI and very few people know about it not even Nodal Officer of Stan Chart Bank.
You may send a letter to Nodal Officer of Stan Chart Bank seeking exact answer about rejection of credit card application or reprocessing of application.Do let them know in polite language that as per the guidelines of RBI its mandatory to give the exact reason failing which you will seek compensation for harassment at Banking Ombuds &/or consume court.
I feel they will reopen and reprocess your application.Also do let me know whether you applied for this credit card by Stan Chart’s very famous Instant Approval In Principal way or by offiline application?Also meanwhile you do it ,do check whats your salary is,whats the outstanding amount on your existing loan as reflecting in CIBIL score.High sanctioned/outstanding amount in your loan may be the reason for application being considered CIBIL negative


Pankaj January 9, 2013 at 1:04 PM

Long back Kotak Mahindra rejected my Credit Card application on some flimsy grounds (Permanent Add is that of a small town in Haryana although I was residing in Mumbai) . Later I escalated the issues with their Nodal Officer and after her intervention my card application was re processed and a card was issued to me.

Recently, RBS closed my credit card and I had to approach RBI Banking Ombudsman for card reinstatement.

So, incase your complaint hasn’t been resolved by Nodal Officer of SCB than you may approach RBI Banking Ombudsman.


Dheer December 13, 2012 at 9:03 PM

I have settled my 1 year old(July 08-09) HDFC CC in July 2009, by paying Rs 20K(bank was demanding approx 45K)
Because of bad financial condition during that time. Till then I didn’t borrowed any money from any bank.
Since Oct 2009, I was running a salaried account(Now it is Regular account) in same bank with some good transactions, last week I have applied for a CC in the same bank on the basis of my Regular account details.
I want to know, can HDFC bank Seize my account and withdraw previous balance without my consent. will I never get any CC/Loan from HDFC or any other bank.(If yes what will be the solution), I might need HL in coming 2-3 Years.
Thank, In advance.


Shiv Kukreja January 6, 2013 at 9:10 PM

Hi Dheer,

I dont think HDFC can withdraw the previous balance due from your bank account without your consent. But, they have all the right to raise their demand against you to payback. The settlement you agreed to in 2009 would ideally spoil your credit score and I think it will definitely create some problem for you in your requirement for any kind of loan. The solution would be to fully pay the bank their outstanding demand.


Dheer February 6, 2013 at 7:54 AM

Thanks a lot Shiv


Shiv Kukreja February 6, 2013 at 11:47 PM

You are welcome Dheer!


Aavesh Y January 6, 2013 at 4:08 PM

Hi All,
I had a credit card of Standard Chartered and few times i was unable to pay on time. My card got expired in Feb, 2011 but there was outstanding amount of Rs. 1400 at that point of time. I had received a recovery call from them in the month of Sep, 2012 and i paid Rs. 5600 and received a ‘No Due Certificate’ from SC.
Now, whenever i apply for any credit card or personal loan, gets rejected saying your credit score is down.
Can you please let me know what to do now so that i can be eligible for any loan or credit card?
Really need help.


Shiv Kukreja January 6, 2013 at 8:59 PM

Hi Aavesh,

I think you should first buy your credit report from CIBIL and check why your credit score is low. If your report shows that your score is low due to this loan settlement or a long DPD (Days Past Due) and if there is something you can do to improve your score, then you should do that. Also, check the points mentioned in the article above, if any of these helps you improve your score.


Aavesh Y January 6, 2013 at 10:22 PM

Hi Shiv,

First of all, thanks alot for your prompt reply. I applied for my CIBIL report today itself and got the report today only. I had a Credit Card with SCB and a personal loan with CITI. As per the CIBIL report, my credit score is 680 and my both the account got settled now. DPD in my personal loan shows all ‘000’ that means everything is fine with CITI but for my SCB Credit Card entry, it is showing total no. of late days while making payment for that particular month.
As everyone is suggesting the methods to improve credit scores by maintaining ontime payment for our Credit Cards and loans but in my case neither i have any credit card nor any loans then how to improve my credit score in that case?? Is it mandatory to have credit cards or loans to make credit score up??
Please reply.



Shiv Kukreja January 8, 2013 at 1:39 AM

Hi Aavesh… Your credit score is low as both of your accounts (loan and credit card) are ‘settled’. Settlement leaves some outstanding balance in your name and affects your credit score negatively. You need to pay off the outstanding balance with the SCB/Citibank in order to improve your credit score. It is not mandatory to have credit cards or loans running in your name to improve your score, but your credit history needs to be clean to have a good/excellent credit score.


Aavesh Y January 8, 2013 at 10:42 AM

Hi Shiv,
Thanks again.
Sorry but my both account is showing that there is no outstanding pending now.
I have paid each and every installment of my personal loan without fail on time and it got closed successfully in Nov, 2012 and i got a closing letter from CITI bank with no outstanding left. But for my credit card with SCB i couldn’t pay few bills on time but after recovery call i paid the whole amount what they asked for and for that also there is no outstanding pending now. I suspect that the only reason for my poor score card is my DPD for SCB. Awaiting your suggestions??


Shiv Kukreja January 8, 2013 at 11:32 AM

Hi Aavesh,
If you have paid all of your outstanding dues and still your credit score is low, then it will take some time for your score to improve gradually. The reason is simple – CIBIL credit score is based on one’s credit history, which in your case is not good. CIBIL score suggests the lenders what is the probability of you defaulting on a loan based on your credit history.

If there is no loan/credit card payment outstanding on your name, then it is natural that your past credit history will be taken as a hint to provide you fresh loan/credit card. You can probably improve your score by taking smaller loans and repaying them smoothly.


KG RAO January 11, 2013 at 1:50 AM

Hi Shiv,

I have a credit score of around 610-620 and at present don’t have any credit card/ loan account running .. How can i improve my score..? Should I go for a smaller loan amount may be an auto loan of around 5oK and repay the same within a year , will this be of any help?

Thanks in advance


Pankaj January 11, 2013 at 12:38 PM

Quite informative and very useful article!

Would like to put across that presently I am having 10 Credit Cards from 7 banks; many of these I have been using since Mid 2005. Never have I delayed payment and have been making NEFT payment since beginning. Use these cards to avail amazing offers by different card issuing banks or Visa/MasterCard.

My latest CIBIL Transunion score is more than 800 🙂 so I believe higher number of Credit Cards doesn’t have a negative impact on the CIBIL Score!!! Experts please authenticate if my understanding is correct….


Gaurav January 11, 2013 at 2:20 PM

Yes I agree with your points
Even I am having 10 credit cards from 8 top credit cards issuers in India.Most of them are issued in last one year.But even though my score is more than 800.Hence I also feel having more no of credit cards is not bad.Its the span of credit card payments which affect the score and not number of cards.Longer the card payment history,better is the score!!!


Pankaj January 11, 2013 at 2:51 PM

Gaurav, Would like to know abt the 24 point reduction in your score! as me also noticed a reduction of 24 points in my score.

In May last year I availed Car Loan for which my banker made 2 enquirers to CIBIL in a span of Ten Days . Even after approval and loan disbursal till date bank have not updated this Credit Information with CIBIL as it is not reflecting in my CIR. So, contrary to your case my score got reduced just by multiple enquiries and not by disbursal/approval of loan…


1) Whatz your view on multiple “Enquiry Applications” by member institutions for a single Loan/Credit Card application. Does this have a negative effect on CIBIL Transunion score or reduction in my score by 24 points is due to changes in their scoring model?

2) How Experian and Equifax different from CIBIL as like any other commoner I am worried about collection of my financial data by so many Credit Rating MNC’s.


Gaurav January 11, 2013 at 8:14 PM

Yes Pankaj,
Even I could not find a conclusive answer for how does they reduced my score by 24 points.As said earlier,my score never reduced by multiple enquiries done over a period of 2-3 months.But my score does reduced by around 24 points when the new cards started being reflecting in my account.
One more interesting fact I noticed was—
I have cards from Citi and HDFC which were frequently upgraded or swpped to different card features.Most banks keep card account same and only change the card no under it.For Cibil they report new card no on such swap or upgrade keeping all earlier reported DPDs under earlier cards to be continued to reflect under new card as well.Thus for CITI bank I had DPDs staring from 2009 reflecting under my current card though my card was swapped 4 times in last 3 years.But what HDFC did,they reported my each single card as different card accounts making 4 accounts of HDFC.It gave a false impression that I had 4 cards from HDFC .Further DPDs history was reflecting part by part under respective cards.Thus it gave false impression that I have no card with sufficiently large history!!!
But still my score never changed unless newer cards from other banks approved recently started reflecting in my CIR.My score only reduced by 24 points!!
Another interesting fact is —
I complained HDFC to merge all these cards under single card account and make all DPDs visible under single account.Now what they did,they told CIBIL to remove all cards from my account.Luckily,I was able to get a CIBIL report after removal of all HDFC cards.To my horror,my score reduced by around 100 points and came to 667!!!It gave few highlighte points at the begining of my report as below—
I had no doubt about 1st3rd,4th and 5th points as all remainging 9 cards were reflecting which had balances execept my HDFC card which was the oldest card.But 2nd point was not correct as my HDFC card was more than 3 years old which was not visible currently.
I was not affraid as I was assured as this will be a temporary problem as HDFC is going to report my current card and DPDs starting from my original card issue to CIBIL.They did it and in another 3-4 days time I got a new CIBIL report with all issues with HDFC corrected.Now to my surprise my score increased again to 776 level!!
This experience proves my earlier point that its not the no of cards but the longevity of card payments and interval between cards approved and limits given over them which affects the limit.
Now your 2nd point is somewhat correct where you said that it happened contrary to my experience and your score reduced upon multiple enquiries and not disbursal of loan.
My view on this is all points like card payments longevity,loan approval dates and interval between them,limits issued to each card or oan and lastly as said by you loan disbursal,all these affect score.But all these variations seen by you,me and sevaral others in regards with CIBIL system may be because of following reasons
1)though CIBIL updates data provided by banks in around 4-10 days time every month,the scoring doesnt appear to be a continuous process.Their system make changes to scores at some particular instances prediced by them as per the recent data received by them.In my opinion the so called prediced interval could be every three months or so as I found no change in my reports over a period of 3 months even after multiple enquiries.
2) Their system might be changing the scores even then when a complete account is removed from or added in their data base.This could be in addition to the scoring done on an ongoing basis at a predecided interval like I said earlier.
3) It might be also due to their changes in scoring system recently.But in my opinion this possibility may be very less so as to keep the uniformity in earlier and current data scoring

Whatever may be the causes,one thing is sure that we can onl express over views and possibilities as we have no other way of confirming this at this point of time.Its very well fact that how harassing behaviour CIBIL executives show when we ask such off track questions to them.The only way for this is to wait till RBI makes credit institutions more answerable.


Pankaj January 13, 2013 at 4:48 PM

1) Till date I was wondering why CIBIL lists the cards which I closed long back; now got to know importance of Credit History. 2) In my latest CIR their is no “highlighted points” which you have mentioned above. Where to find these highlights? 3) Just recently got a Credit Card upgrade; let see how it gets listed in CIR – Under old card or as a new account 4) CIBIL advises in Rule 3 to not have more Credit Cards and in Rule 5 they have mentioned “Think twice before closing credit card accounts” So what is better??? []
5) Just like you I use different Credit cards for availing amazing offers; my payment history is blemish free as I make TAD payment on due date thru NEFT so no chance of it affecting my score 6) After reading your above comment I re checked my latest CIR and found that for one card card payments longevity is just 3 months as it was approved recently and for other card although its was issued in 2005, credit history is shown for just 7 months. These might have affected drop in score. Will take up the matter of Missing Credit History with CIBIL. Thanks!

Must say I am still trying to decode the maze of CIBIL CIR and Transunion Score …


Gaurav January 11, 2013 at 8:17 PM

And Pankaj,
regarding to your worry expressed that collection of financial data by so many credit institutions,I would say a word— NOT TO WORRY!!!
Though Equifax and experian started collecting data,my experience is that no loan or card provider is giving much weightage to their reports currently.They do even consider it important to retrieve reports from Equifax and Experian at present as far as credit card applications are concerned


Pankaj January 13, 2013 at 3:47 PM

Its reassuring to hear that… Thanks


Pankaj January 13, 2013 at 6:44 PM

@ Shiv / Manshu

In my case my Auto Loan information hasn’t been provided by Credit Institution to CIBIL.
I am so regular in EMI payments thru SI towards Auto Loan and also been making huge Pre Payments and all this may have resulted in a better score had Credit Institution reported and certified my Auto Loan Account. But, they forgot to do so 🙁

So does The Credit Information Companies (Regulation) Act, 2005 enables CIBIL to take action against any Credit Institution who do not provide credit information to CIBIL???


Gaurav January 14, 2013 at 12:45 AM

As said earlier,the highlighted points were mentioned in only 1 CIR of mine out of 17 reports I am having right now.I guess it could be mentioned when my score dropped below 700 after removal of HDFC CARD7 temporarily.The highlighted points vanished when my score again crossed 800 after report of correct and COMPLETE data by HDFC.I think it could have also be one reason that different score card version reports retrieved by 2 different banks.
Further,though CIBIL’s 3rd and 5th points,both being correct.Its prudence to apply for new credit only in limit,further once new credit facility is availed pay in due time without making default.You may close unused credit at any time by making full payment or cancel unused credit cards without default.You may also keep the unused card active.BOTH THESE THINGS SHOW THAT YOU ARE FINANCIALLY SECURE AND WONT AFFECT YOUR SCORE NEGATIVELY.


Gaurav January 14, 2013 at 12:54 AM

Even for me its reassuring to find someone else having so many cards just to avail offers..Lolzz!Lolzz
BTW,which are those 10 cards you are holding currently or availed in past?Do enlist if you can.


Pankaj January 14, 2013 at 12:00 PM

17 CIR’s??? It seems you are the one making CIBIL rich 🙂

Do visit my blog and read my First and only blog entry “The Winner “ICICI AirTel rewards HPCL Gold Card “. I had listed few of the cards which I was holding in March 2007 and would soon write a review about the other cards I am using….

BTW have you taken Cards Insurance Policy from CPP? Its quite necessary for a person having a lots of Plastic Money…


Gaurav January 14, 2013 at 3:27 PM

Yes I have 17 CIRs.But its not true that I am making them rich,because I had retrieved my reports only thrice.Rest of them are from different banks.
Can you post the link of your blog?Or if you can enlist them here..
N yes,I have not yet taken CPP yet,though I am aware of them since long time.


Gaurav January 14, 2013 at 3:34 PM

oh!yes,Read your blog..But I guess the cards mentioned by you there are not being offered anymore.You still hold them?


Pankaj January 14, 2013 at 3:50 PM

Leave a comment on the blog; it will provide me with your mail id and I would mail back my Portfolio of cards…


Gaurav January 14, 2013 at 4:19 PM



Pankaj January 14, 2013 at 4:49 PM

Recheck comment section on blog for my reply…

Actually I thought of not digressing from the topic of this informative article that is why asked you to write on my blog. Don’t want Manshu to block my access to the this blog 😉


Pankaj January 14, 2013 at 3:44 PM

Plz click on my name above my comment; its a link and would lead you to my blog. Not sure whether writing site personal blog url is allowed here! Would like to touch base with you to learn few trick of trade like getting CIR from Financial Institutions 😉

I had subscribed to CPP since 2011 and it gives me peace of mind; as holding many cards have its own perils. So don’t delay buying of Card Protection policy from CPP / OneAssist or other insurer if you are convinced with benefits of Card insurance. Do read the fine prints and exclusions given in the policy.


Nikhil sharma January 30, 2013 at 2:11 PM

Hey shiv, my credit score is 721. Please suggest me , this score is good, average or bad?
and if it is bad, then tell me the minimum average score, which I have to achieve.


Bapun January 31, 2013 at 6:07 PM

i am not getting any of cc or loan due to my less credit point issue. I have a cc outstanding on 3-4 months bank but i closed at the time. Also i have some EMI outstanding in my loan which was delayed 3-4 months. But now i cleared all the dues on month of Dec-12.

Can you please advice what will be my credit points status, whether i eligible for any loan or i have wait some time. Please advice.


Anonym February 4, 2013 at 11:38 PM

Hi Gaurav,
I’ve applied for a citi bank credit card and got a confirmation that it has been disqualified. later i enquired for my cibil score which is 749 and i found one loan which i’ve closed in dec.2011 is showing in written-off state. I enquired to bank and they told it is closed from our end and i raised request in CIBIL as well. Could you please tel me whether 749 score is good enough to have a personal loan/credit card. I am using SCB credit card for past 5 months and maintaining it regularly.


Gaurav February 5, 2013 at 11:38 AM

As said earlier though 749 is a good score,it actually varies from bank to bank.Some banks prefer any score above 750 to issue credit facility whereas others are fine with even 700.Some banks do not issue any credit facility to someone less than 800!!
In your case ,I suspect,Citi bank would have declined your aplication since your earlier loan repayment was not good and new card is only 5 months old. Besides this there could be some other possibility also like your area not being a serviceable area or a negative area or the income criteria is not matching as per their requirement.
I would suggest you to write a mail to Nodal Officer of Citi Bank asking for exact reason for credit card application rejection.Do not forget,as per RBI Guidelines dated 6th March 2007,its mandatory for every bank or NBFC to provide EXACT reason of credit facility rejection to customer.Oncethey provide you the eact reason as if its due to your CIBIL score being lesser than 750 then you could send them a written request form to reconsider the decision of issuing credit facility.You have to attach the photocopy of the written communication obtained from previous loan provider stating your loan is completely settled.Also attach a copy of confirmation of CIBIL stating the Written Off status of that loan which is causing you trouble. I expect they will reconsider their decision as 749 is a good score indeed.
This all procedure might take one month or more and by the same time even your Standard Chartered card will complete 6 months successfully which might increase your score a little more.YOu may try to re-retrieve your score and attach a copy of the same to the letter to Nodal Officer of Citi Bank


Bikram June 7, 2016 at 4:01 AM

Hey Gaurav! Has anyone ever told you that you talk too much?


Bikram June 7, 2016 at 4:02 AM

Hey Gaurav! Has anyone ever told you that you talk too much?
I mean please, shut the hell up. U seem to have hijacked this forum!


Pawan February 16, 2013 at 11:11 PM

Hi Shiv,

Earlier i used to have some credit cards and personal loans. some of them i have settled. now i want to know about my cibil score as i want to apply for home loan. what is the best way to know my cibil score and if it is negative then how can i improve the same. Please guide me.


Sameer February 20, 2013 at 11:56 PM

Hi Gaurav,

I want to improve my credit score which is currently around 684. My cibil report has no “settled” or “write-offs” at any place.

I hold two credit cards and one educational loan. Dont have any other credit exposure.
I want to improve my score and improve it fast. Have enough cash at my disposal and don’t really need these credit card or the educational loan.
Can i improve my score by
a) using debit card for all payments and staying away from using credit cards?
b) prepaying my educational loan? out of original 6 lacs, only 36k is left now and there is still an year left to pay the entire loan.if i pay these 36 k rightaway, will my credit score improve?
c) get a secured credit card (Against fixed deposit of 1-1.5 lakhs)?

I have enough cash and can do all of the above three, provided they will help me improve my credit score.
Would be very grateful if you can please share your valuable advise.


Shiv Kukreja February 21, 2013 at 12:39 AM

Hi Pawan… Applying for your CIBIL credit report online is the best way to know your CIBIL credit score –

Here is the article to check various ways to improve your CIBIL score:


Sameer February 21, 2013 at 2:10 AM

Hi Shiv ,

I want to improve my credit score which is currently around 684 . My cibil report has no “settled” or “write-offs” at any place.

I hold two credit cards and one educational loan. Dont have any other credit exposure.
I want to improve my score and improve it fast. Have enough cash at my disposal and don’t really need these credit card or the educational loan.
Can i improve my score by
a) using debit card for all payments and staying away from using credit cards?
b) prepaying my educational loan? out of original 6 lacs, only 36k is left now and there is still an year left to pay the entire loan.if i pay these 36 k rightaway, will my credit score improve?(shoul
c) get a secured credit card (Against fixed deposit of 1-1.5 lakhs)?

I have enough cash and can do all of the above three, provided they will help me improve my credit score.
Would be very grateful if you can please share your valuable advise.


Shiv Kukreja February 23, 2013 at 12:38 PM

Hi Sameer,
b) & c) would help you improve your score. a) would help you getting you a loan/credit card easily.


Vikram Pai February 22, 2013 at 2:25 PM

Hi Shiv,

My monthly take home is 48k.
I have a ICICI credit card with 80k limit and a personal loan with Citibank – pending 9k *3 EMI’s so applied for top up at same bank.
I recently apllied for personal loan at Citibank for 7Lacs/36 EMI’s – got rejected
Reason – does not meet our internal credit acceptance parameters
then I applied at Housing Dev bank for 4Lacs/36EMI’s – got rejected
Reason – due to EMI defaults in previous personal loan

During this process I also came to know that, Including Citibank many other banks do not give loan if there is no existing loans!

After this, I downloaded CIBIL report and no bank has reported any defaults in it. And my score is 784. I have closed/cleared all loans/CC outstandings.

My credit history:
I had taken Education loan from SBM in 2004 for an amount of 3Lacs, should have started paying loan by 2008 but I delayed since my salary was about 13K and i was the lone earning person at home. So could not pay emi/payments but I had paid outstanding interest during this period. In 2012 I decided to clear the loan.. and in about 10 months I paid 240000 and closed the Edu loan.
In CIBIL report its mentioned as restructured loan
In 2010 I took personal loan from HDFC for 75k, I was paying EMI’s properly but later when I moved to a new company my salary account changed from Citi to ICICI. EMI date was 4th of every month. As soon I get salary i would transfer it to Citi account but by the time its credited to Citi account ECS would have happened and thus the bounce. same is again debited in 2nd presentation. this EMI bounce happened for about 5-6 times but was paid in 2nd presentation.
I pre-closed this loan later.

Between 2007 to 2011, I had my salary account in Citibank but since they had fined me for EMI bounce 250 rs each time, I got upset and subsequently closed that accuont and moved to ICICI.
I also had a Citibank credit card, I converted the outstanding amount into EMI’s and closed it.

Personal loan was critical for me, and I am deeply upset.
Please suggest how to go about it. I might need home loan by next year starting.


Shiv Kukreja February 23, 2013 at 12:42 PM

Hi Vikram,
Your query involves analysing your credit report/credit history and thus would be time consuming. Please consult a financial advisor for the same.


Sameer February 23, 2013 at 5:52 PM

Dear Shiv,

Thanks a lot for your valuable advise.
You basically advised me to do all the things i had enquired about.

Within 5 minutes of reading you reply today, i paid back my pending education loan and also formally mailed the bank to close my loan account and update status with cibil. that settles point b.

Regarding point a) i have already started using debit card for all online transactions. Will use credit card only at places where there are some discounts like movie-ticket-free, 5% cash back etc. Even then will take care to keep paying back the balance amount every week or so.

Point c, i have some confusion.
Will opening a credit card against FD help me in improving my score? or will it just keep my score neutral? Although i myself asked you this question in the first place, i have some confusion now.

I have two credit cards and two Atm cum debit cards. For the last 1 week or so i have started using debit card for all online and offline transactions.
Will taking a FD based credit card help improve my score in such a situation?
If yes, then how?
Also, in that case, should i surrender one of my two current credit cards considering that i will have 3 credit cards. (have read at a few places that you shouldnt have more than 2 credit cards)

Eagerly waiting for your reply,



Shiv Kukreja February 23, 2013 at 9:05 PM

Hi Sameer,
c) Taking a credit card against your FD is considered a positive by the lenders, as this shows that your financial position is sound and the lenders are not at risk by extending you this credit facility.

Also, it is better to have lesser number of credit cards, but if you are paying back regularly without defaults then it doesnt make much difference to have 2 cards or 3 cards.


Sameer February 23, 2013 at 6:07 PM

Dear Shiv,

One last question.
Does Cibil score also check one’s salary and outstanding credit against that salary?
I am asking because the ” Employment Information- Income” section of my Cibil report, contains a salary which is 20% of my current salary. Probably Cibil got that figure from a credit card i had taken 7-8 years back. Have no clue but that is what i am guessing. or may be some tax return i had filed 5-6 years back.

Does it play a role in pulling down one’s cibil score? If yes, how do i ask get my current salary updated in the cibil database?



Shiv Kukreja February 23, 2013 at 9:16 PM

Yes, your income definitely affects your credit score. The higher your income is, the higher impact it would have on your credit score. You can get your income updated in the CIBIL records by asking the lender to enhance your credit limit on the basis of your current income. You can also do so by applying for a new credit facility.


Sameer February 23, 2013 at 9:38 PM

thanks a lot Shiv. So current salary does play a role.

But i cant get the lender to enhance my credit limit. the credit card company says that they cant do so with a cibil score of 684.

That is how i came to understand the importance of cibil score in the first place.

How can i make Cibil update my salary in their records? should i mail them directly with my last 3 months salary slip/IT Return form?
Is there any other way?


Shiv Kukreja February 24, 2013 at 12:09 AM

The problem is that CIBIL makes changes in your report only when the lender reports it. So, you will have to route it through any of the lenders, either the existing one or a new.


Sameer February 24, 2013 at 1:50 AM

Got it.
will talk to my current card company and see if they can get it updated

Thanks for the trouble taken in answering all my queries.


Shiv Kukreja February 24, 2013 at 5:47 PM

You are welcome!


Thitherwards February 23, 2013 at 8:50 PM

CIBIL Reported Someone Else’s Credit Card In My Credit Report!!

What an irresponsible organization it is, seriously and how lethargic are their services. They have reported someone else’s credit card default in my report, due to which I had to go through a lot of pain, loan application denials and very much of a loss by taking loans elsewhere with higher interest rates.

The details are provided here, with email exchanges between CIBIL and I.

Please go through this and share it with all public, however & wherever possible.


venkat March 17, 2013 at 11:32 PM


i have HDFC ,HSBC and AXIS bank CC. in 2008 i lost my 3 cards and i have settled for HDFC and HSBC and AXIS not issued card again. so far no one is approached me for these 2 banks. for HSBC i have personal loan and i have cleared it now. looking for HL in next year.. what are the chances


Shiv Kukreja March 18, 2013 at 12:05 PM

Hi Venkat… It is very difficult to comment based on these info. Buy your CIBIL report online, check your credit score and get your report analysed to get answers to your queries.


venkat March 19, 2013 at 12:38 AM

MY CIBIL score is 603 and HSBC CC status closed.. HDFC status settled.. Axis bank CC write off.. showing ou standing 100500, over deu 47K.. rest are looks fine.


Shiv Kukreja March 19, 2013 at 12:45 AM

Based on this info, your chances of getting a home loan are not bright, but you can still try with a low loan-to-value ratio.


venkat March 22, 2013 at 1:07 AM

Thanks shiv.. ihave taken FD from ICICI and applied for CC on FD.. with this if i maintain the CC properly will my score improves? in 2012-04 score is 606 and 2013-03 score 603 .. no change.. what is the chance of getting CC?


Shiv Kukreja March 22, 2013 at 10:12 PM

Hi Venkat… It is like “If I eat food, will it reduce my hunger?” The answer cannot be ‘No’. If you pay your credit card bills on time, it is bound to improve your credit score.

Also, your chances of getting a CC depends on the issuer bank only whether it is comfortable issuing you a card based on your credit history or not.


SAMIR KUKREJA March 18, 2013 at 7:28 PM

hi sir,
7 mnths back my credit score was 779….and i am paying all my emis regularly…
just a couple of months back, i had applied and recieved a credit card and also applied and recvd a housing loan… but i just observed my cibil score and it has fallen to 768….
but my query is that i am paying all the emis regularly.. then y has it fallen down by 11 points.
fyi my credit card limit is 60,000 and my highest credit used was 49,000 ..but i had paid it as soon as i recvd the bill i.e before the due date…(all emis are being paid on time…)
my query is y did it fell down by 11 points? i would be grateful if you can tell me…as i was expecting my cibil to increase…


Shiv Kukreja March 18, 2013 at 11:47 PM

Hi Samir,
Credit score is a reflection of one’s credit usage and loan repayment behaviour. In your case, the loan repayment behaviour is fine but the credit usage has gone up since you last checked your score to be 779 i.e. you have taken a home loan and a credit card since then. That is why it has fallen to 768. You need not worry about it. Just keep paying the EMIs & credit card payments regularly and the score will start rising gradually.


SAMIR KUKREJA March 18, 2013 at 7:32 PM

also one more query, sir my DPD shows mostly 000 and STD at times and also in between once XXX …what does it mean? i would be grateful if u can letmeknow the same


Shiv Kukreja March 18, 2013 at 11:56 PM

Just check this post to understand more about your credit report:

DPD stands for Days Past Due and suggests the number of days a due payment was late, after the due date of payment.
DPD as 000 – Payments made on time.
DPD as XXX – Not reported by the lender(s).
DPD as STD – Payments made within 90 days after the due date.


BHUPESH AHUJA March 20, 2013 at 5:10 PM

Hi Shiv / Gaurav, I have been using a lot CC’s for past couple of years. The oldest of all was CITIBANK. I got the entire outstanding “RESTRUCTURED”. It was converted into EMI’s for 47 months. Last year(2012) I had to stop the payments as I was moving to a different city. Payments were stopped from May 2012. Now, recently I had applied for a Home loan and I had a word with the Credit Manager of the respective Home Loan Bank. They refused the loan. Primary borrower was my wife and I was the secondary or joint borrower. There are few things I want to clarify:
1. My Transunion Score as on 31/03/2011 was 601. Will this loan application have any negative impact on my wife’s track record in CIBIL. I am not sure if this bank has uploaded this enquiry in CIBIL stating that it has been rejected.
2. I have contacted CITIBANK to clear all the dues as soon as possible. So that I can try for a home loan again. What would be your recommendation?
3. I need to apply for a home loan, please suggest some measures which can help me in getting the home loan successfully.


BHUPESH AHUJA March 22, 2013 at 9:17 PM

Hi Shiv,

Your reply will be highly appreciable..


Shiv Kukreja March 22, 2013 at 9:54 PM

Hi Bhupesh,

1) I dont think it will have any major negative impact on your wife’s credit history, but an enquiry for a loan will definitely get captured in her credit report.
2) It is always better to get your credit report clean as soon as possible. It will help you improve your credit score gradually.
3) If your wife is earning and her credit history is clean, then apply for a home loan in her name. You may consult a financial advisor to analyse your case.


suman March 21, 2013 at 10:26 PM

Hi Shiv/Gaurav.

I have a cibil trans union score of 797

I have improved it over last 2 yrs and I had a “writen off” status with a citi bank CC where I couldnt pay them in time coz of financial issues that time..But I myself contacted them and paid fully all the dues…I mean all single paise.
Still they are using “writenn off” status.
can we do something here? can we ask citi or cibil to take it off to show my report more clean!
would it create an issue while applying a home loan?
pl advice me…many thanks.


Shiv Kukreja March 28, 2013 at 12:15 AM

Hi Suman,

Please check this post:

You can get your CIBIL report rectified by Citibank by following the procedure mentioned in the article. You have all the rights to get your report rectified and it will not create any issue while applying for a home loan.


Vikash agarwal March 25, 2013 at 4:54 PM

I had taken a cibil report and found that when i applied for personal loan from ICICI Bank online.No one ever contacted me for collecting any document but an inquiry in CIBIL was carried out by ICICI Bank. Is it justified act from Bank’s end ? or shall i initiate legal proceedings against bank.


Shiv Kukreja March 28, 2013 at 12:30 AM

Hi Vikash,
If ICICI Bank has any genuine proof that you only applied for a personal loan online, then they are justified in raising the enquiry and you have no case to initiate any kind of legal proceedings against the bank. It is just an initial check point. Physical documentation is required once the bank is satisfied about your credit history and wants you to go ahead for the loan application.


Jaya March 28, 2013 at 1:49 PM

Hi Credit Score is 624 as of today earlier it was 595. I had a written off status on my CIBIL report which I had cleared off by paying the total amount due. I have received the NOC from the bank. Please let me know the banks in chennai which will be able to offer my personal loans. Also let me know if I can use the NOC to further increase the points or if I can use the NOC to get loans from banks.


Shiv Kukreja April 15, 2013 at 3:00 PM

Hi Jaya… Please buy your CIBIL credit report online and check whether it still carries the written-off status. If yes, you can get it rectified by raising CIBIL dispute resolution request with NOC as the proof. Please check this post:

You will have to check it yourself which banks in Chennai would offer you personal loans based on your profile and credit history.


arjun sharda April 12, 2013 at 11:16 PM

Dear shiv I took two wheeler loan from icici bank dated 19/10/2006 which I have settled on 28/2/2013 & bank has given me NOC . now in my cibil report it show settled , DPD also reflect ooo with 36 months report ,I contecte icici bank coustomer care regarding the matter they suggested me that pay waiver amount to remove ‘settled ‘ tag but they can’t remove DPD portion of report, they also suggest me go for theircredit builder programme. my cibil score is 613 I do not have any Loan at present. Now suggest me how I can improve cibil score.


Shiv Kukreja April 15, 2013 at 3:08 PM

Hi Arjun… DPD is a factual information of your credit report and no lender can get it removed from the report. You can improve your score by paying off the whole of the outstanding balance ICICI Bank is demanding. Also, a good credit history itself is the best way to improve your CIBIL score.


arjun sharda April 18, 2013 at 12:47 AM

dear sir if i pay waiver amount to bank is my cibil score improve ? suggest me other way to improve cibil score.


Shiv Kukreja April 18, 2013 at 10:25 AM

Yes, paying the whole of the outstanding balance will gradually improve your CIBIL score. Please check this post to find ways to improve your score:


Gopal Saran Srivastava April 25, 2013 at 1:13 PM

I hv come to know tht my name is included in cibil(negative list) but I hv no information on which company’s / Bank oustanding at me , pl confirm.


Shiv Kukreja April 25, 2013 at 7:31 PM

Hi Mr. Gopal… Please buy your CIBIL credit report online and you’ll get to know yourself what all is there in your report.


Navin Kumar May 6, 2013 at 12:32 AM

Dear Shiv,

we all know of various agencies like CIBIL, TransUnion etc. where every individual’s records is kept that whether that individual is a defaulter or a person with healthy credit.

My question to you and all people on this blog is that is there a place where people or some 3rd party website which maintains a record of the lender ?

Say comments like these and ratings are recorded for the lenders. For e.g. : Citibank is a good lender and has fair practices, ICICI and Bajaj Finserv have goon armies to recover debts irrespective of your personal problems they will threaten to recover their dues.

The reason I am asking that is that a person looking for loans could review such a report before applying to get a loan/financial aid !

Your enlightenment and response shall be much appreciated !



Navin Kumar May 6, 2013 at 11:52 AM

Hence, by asking this question I mean to ask in layman’s terms that is there a 3rd party organization which maintains the scores of Lenders/Banks/NBFIs etc. A history and score and the fair practices code which could give an insight view to a loan-seeker that to whom to approach to get loans/financial aid or assistance. As, the sort of trend which is prevailing, seems to be a one-sided way. That irrespective of any reason, any lender/banker or financial institution can blacklist a person and hence, can render a person helpless incase of real time emergency situation wherein a person might be looking out for a loan or financial help for home for family or for medical emergencies and NOBODY would extend a supportive hand, just because some banker has had marked him/her down on CIBIL score for any XYZ reason. The reason I have asked this is that I have faced this situation for none of my fault and that the concerned bank does NOT want to correct/rectify it’s report sent to CIBIL, despite the fact that I have cleared all the dues with that bank’s credit cards honestly. Moreover, I have been caught up with family emergencies and hence have not been able to take out time to approach Consumer Court or the Civil law-suite for their reluctance to get this addressed altogether.


Shiv Kukreja May 15, 2013 at 12:31 AM

Hi Navin… I can understand your concerns here and I’m afraid I dont know any such agency to the best of my knowledge, which maintains such data for the lenders. I dont know what reasoning your lender has in not rectifying its reporting to CIBIL in your case and whether you’ve tried the CIBIL’s Dispute Resolution process or not, but I think & hope that approaching the Banking Ombudsman or a consumer court should help you out. I know this is not a world for people like us, but we cant change the whole system and can only pray to the God to improve things around.


Suresh May 6, 2013 at 2:01 PM

Looking for Home loan. How much i can get?
My CIBIL score is 500 and my monthly EMI is 20,000. My monthly earning is 80,000.
My credit card due across cards is 250,000.


Shiv Kukreja May 15, 2013 at 12:35 AM

Please check your home loan eligibilty with the lenders Mr. Suresh, we are not competent enough to do that. Thanks!


Prabs May 23, 2013 at 12:22 AM

Dear Shiv,

Iwanted to go for a home loan and before applying for the same, I applied for my CIBIL score. Unfortunately my CIBIL score as on 20 May 2013 is 601.

I had a vehicle loan which I had defaulted a few times, but I have foreclosed the loan a month back. Also there were 2 credit cards which I had assumed would get closed by itself (in 2008). Unfortunately, the annual fees kep accruing and just this afternoon, I have paid 2 cheques to settle my out standings.

How long would it take before my CIBIl score improves. I want to go for a housing loan in next 40 – 60 days. Do you think it would be possible?

Please advise.


Shiv Kukreja May 25, 2013 at 12:06 PM

Hi Prabs,

It is very difficult for me to guesstimate the time it would take your CIBIL score to improve, but I think if you apply for a home loan with a lower “Loan to Value” (LTV), then it increases the probability of you getting the loan. e.g. If the property your are planning to purchase is worth Rs. 30 lakhs & you manage to pay majority of the cost on your own, say Rs. 16-18 lakhs, then the lender would be happily willing to extend you the loan with even this credit score of 601.


Prabs September 6, 2013 at 12:03 PM

Hi Shiv,

I would like to thank you for your advise. Also some of the posts/comments also did help me in improving my scores.

I bought my scores yesterday and found that the score has improved to 725. Moreover, there are no out standings now. I have one credit card which I have not used for more than 6 months now.

Hopefully I would get a home loan.


Shiv Kukreja September 6, 2013 at 4:05 PM

That is great Prabs, I am glad it helped you !!


sandeep awasthi May 25, 2013 at 4:36 PM

Is there any bank or Financial unit which offers Personal loan in cibil score of 630


Shiv Kukreja May 26, 2013 at 11:03 AM

Hi Sandeep,
CIBIL score alone is not the only factor which the lenders look for while taking their decisions to extend loans to the borrowers. Every lender has its own risk management systems and other parameters to judge your repayment capacity. So, it is not possible for us to name any financial institution which can offer you personal loan with CIBIL score of 630. You should try it yourself with some of the lenders.


Albatross June 16, 2013 at 4:25 AM

Hello Everyone,

I was told by a few banks that every time I order my cibil report online the score drops (deduction of 30 points) is that true?
I have ordered my report more than 5 times now. Score was NH for the first time when I ordered in Sept 2012. Then 804 in Jan 2013, 739 In march 2013, 652 in Apr 2013 & May 2013, 623 in June 2013.
What is going on? Why is the score dropping so drastically? I have always made payments on my loans and credit cards on time.
Why can’t people have a systematic procedure which helps consumers and not torture them in life.
Loans/cards applied through marketplace also gets declined, what is the point in having such a cibil marketplace which is of no use?
I’m currently going through a horrifying experience with the Banks in our country. I have been trying to avail a personal loan since Oct 2012 from financial institutions and have been unsuccessful all the time. All my loans and credit card applications are being declined. None of the banks are able to provide me with the same. I understand that the sanction of loan is at the sole discretion of the bank. We come across so many ad’s regarding loans. Just like any common man I applied for a few as well. I have almost approached every single bank in our country and have been unsuccessful in getting a personal loan. I and my wife are salaried with a household income of 90,000 per month, we have our own house in Bangalore. Even after this I’m told that i’m not eligible for loans by each and every bank. There have been many instances where I have shared my cibil score prior to application and was always convinced that the loan will be sanctioned since the report looks clean. But then they decline the loan again. Me and my family are going through a very rough time with these banks. All I needed was a loan of 4 to 5 lakhs to clear our debts and start a new life. But never knew that getting a loan is this difficult in our country. I think RBI needs to look into the policies, procedures and norms that banks follow in granting a loan. I have approached the below mentioned banks for loans and have face rejection now and then for no reason. ICICI Bank, Standard Chartered Bank, HDFC Bank, ING Vysya Bank, HDB Financial, Bajaj Financial, Axis Bank, Kotak Mahindra Bank, Indusind Bank, Citibank and so on. I have a secured job and i’m salaried since 8 years. All these banks have rejected my loan application for one or the other reason and has never shared the reason for declining the loan applications. This has been such a disappointing and terrifying experience. Please help with your inputs and give me advice.

And yes, Apologies for the wrong name as I didnt want to disclose my name.


Gautham June 24, 2013 at 11:17 PM

Hello Shiv,

I just got my CIBIL report and score today and got to know that my scores is 684. In the report the first one is showing as a write-off on my two wheeler loan taken 8 years back where as I have closed the account by paying the whole balance. Now what do I need to get this corrected.

Also 2 of the credit cards taken long back do not have a closer date but there is no written-off and anything mentioned.

Please advice.


Credexpert August 3, 2013 at 5:48 PM

Dear Gautham,

If you have paid off all the EMIs on your two wheeler loan and the bank has given you a “No dues outstanding” certificate stating that you have closed your account, then you can raise a dispute with CIBIL for the incorrect status mentioned in your report.

You can raise a dispute at the follow link:

In case of your credit cards, if there is no date closed, it means that you are currently using the cards. If you are not and you have closed the credit card accounts, you may include the same in the CIBIL dispute.



som June 26, 2013 at 2:52 PM


I have setteled all my overdues in my cards and my loans one year back-where in i have received all the noc.

Now i have come to know my cibil score is 600-suggest how to improve it now?


Credexpert August 3, 2013 at 5:49 PM

Dear Som,

Settlement of any credit facility has a negative impact on your score. To improve your credit score, you may repay the outstanding on your accounts, and depending on the bank’s policies, the settled status may be removed from your account.

The other way to improve your score is to build a new credit history. This can be done by getting a new credit facility such as a secured credit card and service this regularly to show good payment behaviour. This will reflect on your credit report, and in time improve your score.



sadhu August 2, 2013 at 4:07 PM

Hi Manish,

My CIBIL score is badly affected because of a personal loan. Current score is 540. The personal got closed on Nov, 2010. I recently applied for a Home Loan and got rejected. On enquiring for the reasons, I got a shocker, saying the personal loan has 2100/- outstanding. The reason for this amount was because of the bank triggered ECS twice for 6 months and hence the late fees remained which I was unaware of. Now a month back I have cleared it with full payment and filed a request with the Bank for which I got a mail stating that the amount will be refunded. Now the funny part is, I paid them 15000 including interest but I will get only 2100 as refund.

Now my goal is to improve my credit score. I am using a CC card since an year and its history is quite clear.

do I stand any chance of getting my score because of the refund I got from the bank and full payment I made to them?

thanks in advance.


Credexpert August 3, 2013 at 5:51 PM

Dear Sadhu,

We can assist you with your query, if you could clarify on the following points:

1. “the bank triggered ECS twice for 6 months and hence the late fees remained”. What do you mean by this statement?
2. “I paid them 15000 including interest but I will get only 2100 as refund.” Please clarify as to what this amount is for, and why you had to pay them Rs. 15,000.

If the account on your credit report shows a closed status with “zero” balance, it may marginally improve your score. Also, using a credit card and paying your dues on time will improve your score gradually.



Vivek Phadke August 14, 2013 at 6:57 PM

I have seen my CIBIL report and it has all wrong information in it. My address is wrong, my telephone numbers were never known to me and it gives two instances of credit cards supposed to be closed in 2001, still carrying 150 days and above overdue amounts which are written off, I don’t know what what reason. It shows I had 6 credit cards in the past, where, what I remember are only 2 and that too closed long back.

I have tried to write to CIBIL to know who has given this wrong info or if someone else’s data is included in my report, but they do not respond.

It gives a completely wrong picture to a new person looking at the report. If banks or credit card organizations can be allowed to spoil your report without giving a chance for you to review the same and give your version also, this is unfair and devoid of rights of the consumer.


Credexpert August 15, 2013 at 2:24 PM

Dear Mr. Phadke,

Cibil and other Credit bureaus have a process in place where the KYC provided by you to access your report might have got mis-matched with the database and that’s when the wrong data is reflecting in your credit bureau report. As you have asked CIBIL to rectify the data, they will have their own mechanism in place because at their end they would have to do some verification to clean your credit bureau report.

In certain cases, you may have to coordinate with the respective lending institution for getting your account information updated correctly.

Also, in case of your demographic information such as addresses and phone nos., these details are recorded and updated on your report as per any prior applications you may have made with them.

We at Credexpert are celebrating Independence Day with our clients to become debt free and live credit healthy. We have exciting offers and discounts on our products to monitor your credit bureau score and report on timely and regular basis.



Chandan Baran Das October 5, 2013 at 2:02 PM

I had a Edu Loan at 2007 but due to some personal reason it was delayed but at 24 Aug 2013 i have paid the full amt with interest.But still in the cibil report it is showing defaulter. And now my Cibil Score is 622 only. Please give me suggestion…when it will delete from my CIBIl as an defaulter? How much time will take to update?


mahesh November 7, 2013 at 10:39 PM

hi. i just got my cibil score report and it shows 757.
i got a current balance of -800 for my credit card which i was closed 1 year ago and that was the excess payment i made at that time. is negative current balance is good or bad.


Sree February 19, 2014 at 11:31 AM


I’m a HSBC credit card holder. Twice I have converted my dues into 3 months EMI option. My question, does EMI conversion effects credit score?
Also, please advise atleast what score one should have to get loans/CC from banks.


Prashanth April 12, 2014 at 3:59 PM


My CIBIL score in 647 and loan gets reject 3 times now. I have taken a loan of 50K and due to some my personal problem i left the company and not paid EMI upto 4 month…Suddenly i got legal notice from bank to pay the amount…At the same time i paid all the remaining amount with late fine of 7K approx. Apart from this i am using 2 credit cards and paying bill on time. Now which bank will provide me personal loan as its quite urgent need to Loan.. Please advise me and also how to increase my CIBIL score and i dont have any other option apart from Loan. Please advise…


Rahul June 6, 2014 at 9:19 PM

Hi Shiv

My current CIBIL score is 836.
In 2009, I first got to know about cibil when my home loan application got rejected. I tried to find out reasons, it was due to 3 credit cards and one personal loan, this happened due to address change
I immediately followed up with the credit cards and settled them, also I settled personal loan. Currently my credit cards show as settled but personal loan shows a written off.
I continue to have 1 credit card with clean payment history.
with CIBIL score of 836, can I apply for a home lone now?


Shiv Kukreja September 8, 2014 at 1:45 PM

Yes, you can go ahead and do that. I don’t foresee any reason for a rejection.


SKG August 6, 2015 at 7:01 PM

Hi Rahul,

did you get the loan ?
I also have background like your’s and I dont have lacs of rupees to pay the full amount.



Vimlesh Rajbhar September 17, 2015 at 5:30 PM

Granting or rejection depends on Bank, Some of Banks can even reject on Settled account and some Banks can even Grant.. Decision lies on Bank whether to grant or reject..
Written off Means you are not making the payment and also bank is not able to recover it from you, which increases chances of rejection.
Regarding if you wanna remove Settled Status or Written off Status we will help you for same. We will help you in rectifying as well as improving the score.
You can call me on 9892191855


ankit singh June 18, 2014 at 2:53 AM

Hi shiv sir…..

Pls help me out .. It’s lil crutial….. I hve two credit cards… One is with citibank whose credit limit is 86000 out of which available balance is around 8000… Nd the other card is with hdfc bank whose credit limit is 50000 …. Of which 15350 is available…both cards were issued in the month of january 2014.. I converted a part of the credit ( around 60 k ) into installmenys nd the rest of the amount is shown as due in the statements …. My concern is regarding my cibil report… I always made payments on tym … I hve revolved the credit but hve always made payment more thn minimum due nd before due date…..
I plan of applyin for a new card as my cards are now more thn 6 mnths old… So that i can get loan on card ehich i can use to repay these cards.. As there comperative interest would be very low…. So sir pls help me out… Shd i go ahead and apply for the card or shd i not do that coz a rejection will hurt my credit score ?? I have never defaulted any payments..will my score be good or average or bad… Approximately… Sir i am relying on your experience… Pls help me out….. Thanks in advance


Shiv Kukreja September 8, 2014 at 1:41 PM

Hi Ankit,
Your score would be fine and I don’t see why your application would get rejected. You can go ahead and apply for a new card.


ritu August 12, 2014 at 9:15 PM

I have cibil score 695 and have one ecs bounce this month which is not mention in my i have two question, i eligible to get education loan and what are the chances. much my cibil be reduced?


Shiv Kukreja September 8, 2014 at 1:37 PM

Hi Ritu,
Only the lender(s) would be able to tell you whether you fulfill their loan criteria or not. Also, we won’t be able to tell you how much your CIBIL score would have reduced due to one ECS bounce.


John. August 18, 2014 at 6:43 PM

HI All, I had applied for my first credit card(CiTI BANK) . But they had rejected my application , HOw come they can reject my application form even if i doesn’t have any credit card history . i doesn’t have any loan also.


Shiv Kukreja September 8, 2014 at 1:34 PM

Hi John,
It is the banks’ discretion whether they want to issue a credit card to any customer or not based on his/her income and credit score.


Vimlesh Rajbhar September 17, 2015 at 5:33 PM

Hi John,

We will help you in coming out of the rejection phase and improving your CIBIL Report.


suresh August 21, 2014 at 6:55 AM


I am planning for a home loan now. I have 5 personal loans all 5 with a clean record. And a Citi bank credit card last month I had an outstanding which I couldn’t clear but cleared this month. How would credit score look like please advice.

Need your advice urgently.


Shiv Kukreja September 8, 2014 at 1:33 PM

Hi Suresh,
It is not going to affect your credit score in a major way. For precise score, you need to buy your credit report.


AKBAR BASHA MOHAMMAD September 4, 2014 at 11:48 AM

My credit score is 609.
I would like to whether iam eligible to take any home loan in future from any bank??

At present I am in UAE with 11000 /- AED salary


Shiv Kukreja September 8, 2014 at 1:31 PM

Hi Akbar,
Though your credit score is low, it depends how much home loan you need vis-a-vis the value of your property. CIBIL credit score is not the only criteria banks check before taking their decisions. Still, it is better to get your credit report and try to improve your score.


swaminathan September 5, 2014 at 2:11 PM


I have applied for citibank credit card last week with required documents and phone verification also over. salary wise i am purely eligible for credit card.but now i got the email from citi bank, that my application was rejected.”We regret our inability to process your credit card application as it does
not fulfill our internal policy criteria”. I got the information from customer support team that the application was rejected due to CIBIL report is negative. I was surprised to hear that as i have never used any credit card / borrowed a loan / any liability in the past.
for my clarification i applied for CIBIL report also by paying rs.470. it will take 7 business days to deliver.what could be the reason for the rejection.

My only guess is i am having IOB saving account, that was locked 2 times due to non usage of the account more than 6 months.

Is may be the reason for CIBIL negative report?

please advice.


Shiv Kukreja September 8, 2014 at 1:12 PM

Hi Swaminathan,
I don’t think non-usage of a savings bank account could be the reason for a rejection of a credit card. Please wait for your CIBIL report to know the exact reason.


swaminathan September 15, 2014 at 10:54 AM

Hai Sir,

I got my CIBIL report. my score is showing as ‘NH’.

And i don’t have any credit history so far.

What i have to do next.?


Shiv Kukreja September 15, 2014 at 11:14 AM

Your credit card application probably got rejected as you don’t have any credit history or your income level does not match Citibank’s criteria. So, you should probably approach some other credit card company or take some secured loan first like a home loan or a car loan.


Ravindra September 13, 2014 at 9:05 PM


I checked my CIBIL score and it reads 795 then i applied for Personal loan with Bajaj Finance and it got reject citing CIBIL norm does not met. In past 2011-12 i used to have 4 CCs which had dues to paid. I made all the outstanding payments for all 4 cards once i became financially sound in mid 2012. I can see all four card showing close status and one of them from SCB has a status as WRITTEN-OFF. Now i am not sure why they made this as written-off though i paid entire outstanding amont after few months of default. Please help me how to get it removed from CIBIL .


Shiv Kukreja September 15, 2014 at 11:18 AM

Hi Ravindra,
You should approach SCB and ask them to get it rectified in your CIBIL report. If they do not cooperate in this matter, you should approach CIBIL for dispute resolution.


Mahesh September 25, 2014 at 1:08 AM

Actually my credit score is 721, but i have some delay payments.
I applied for so many loans but all got rejected.
I spoke with one of the banker before applying and he told that 720 is enough for that bank and as i got 721, i again applied but still got rejected.

My question is if there are any delay payments how can my score got 721 and if that bank will lokks only for score (720) why my loan got rejected.

Your valuable answers will be appriciated.

Thanks in Advance


sam November 12, 2014 at 5:49 PM

I recently got SBI credit CARD but i feel cheated by customer care team as the card is with annual fees and there are cards free of cost so if i close the card within first30 days after settling dues on time will it impact my cibil score or whaht is the right time to close such card where i feel cheated


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Ankit November 20, 2014 at 10:31 PM

Hi Sir,
I had a dispute with HSBC in 2008.
That time my card limit was 17000.
I failed to paid it.
last EMI i paid in Dec 2008.
Now i checked my CBIL score is 603.
There is a outstanding amount is 26000 after several wavers.
Should i go for settlment or close it from. Which way will help me in future but still i am unable to pay full 26000 to bank.
tell me the way to improve my CBILL.
I am planing to buy a CC through FD.
I also want to apply loan for last in 2015.
Please help me


Gaffar December 1, 2014 at 4:01 PM


My credit score is N/A as per cibil report. 7 years back I took HSBC credit card and used for once or twice. But then my name added to defaulters list as I didn’t pay it on time. Later I applied for loan then I got to know that cibil included my name in defaulters list. So I paid the credit card outstanding balance with fine and got the NOC also from HSBC. It’s 4 yrs done that I got the NOC. Then I again applied recently for credit card and loan also. But the loan got rejected. Can somebody pls help me out how to get the loan as I have already paid the money to HSBC and got the NOC also? and my cibil score is N/A as of now.


Gaffar December 18, 2014 at 4:36 PM

I mean my credit card score is NH. So pls help me how to make it to 750?


SudhaLak December 4, 2014 at 11:35 PM


I was using an SCB credit card in 2005 and had a balance of Rs 1000 which was unpaid. I completely forgot to make the payment from my end for this outstanding amount. Later in Year 2012, an entry was made in CIBIL report in the defaulters list. When negotiating with SCB, they ask for a lumpsum Rs 25,000 for CIBIL clearance. I have never received any statements / mail communication in the meantime from 2005.

I have the following questions for which I need your help to understand.

a) Can SCB make a CIBIL entry after 7 years? Is this valid?
b) Is there any other way other than paying Rs 25000 and settling the dues for the principal of Rs 1000?
c) Will approaching Banking Ombudsman help?

Thank you in advance.


Daxesh Prajapati December 18, 2014 at 10:33 AM

I lost my citibank credit card no & i want to pay my overdue as soon as possible. Because of this I am unable to take loan. I also checked at Bank end but they are unable to find by personal details.

So help me to get my citibank credit card.


Rakesh kumar raushan December 23, 2014 at 10:29 PM

Dear sir

My cibil score is 600 as on date, can I eligible for a personal loan of 5 lakhs for 36 emi.
I don’t have any credit card n loan running.
My take home salary is 52500/- per month which is credited in axis bank n I m also applying for a personal loan of 5 lakhs for 36 emi.
Can I get the loan or ls guide to how could I improve my cibil score card.
Thanks n regards
Pls guide


Avinash December 24, 2014 at 12:30 AM


what will be the status of below mentioned points in my CIBIL(Settled or Closed or written off / and what will be DPD) in my case :

1. I was having HDFC Bank credit card –> Card is permamently blocked–> I have cleared full amount that was asked from bank.

2. I have taken PL from HDFC of 50K and I was supposed to clear this by April 2014 but I cleared it on 10th Nov 2014 in this also I have cleared all the dues whatever was demanded from bank(full due amount including late fees I have cleared) but only thing is I have paid late by 7 Month.

3. I have taken Auto Loan from Bajaj Finance of 50K and I was supposed to clear this by May 2014 but I cleared it on 13th Nov 2014 in this also I have cleared all the dues whatever was demanded from bank(full due amount including late fees I have cleared) but only thing is I have paid late by 6 Month.

If i am applying for Credit Card or PL now will I be able to get ?

Presently I am not having any credit card or PL or any loans.

Thanks in advance 🙂



neeharika December 29, 2014 at 6:22 PM

Hi Gourav,

I am writing this as a i felt that you are perfect person to help me.
I used to have one credit card from ICICI bank where in i settled the CC for 18k (The actual ammount is 43134 with intrest)
CC Date opened :22-12-2008
CC date closed:11-03-2011
Date of Last Payment :22-02-2011
Date reported and certified:28-02-2014
parallely i took one consumer loan and cleared it.

After that i made few enquiries in the year 2011 which got rejected because of cibil score.

a year back in 2013 i pulled up my cibil score it is NH.

then i took a two wheeler lan and cleared it completly.

But for some reason the loan details are not reflecting and when i chekced with my bank they said that it is a direct payment but not a ECS clearance thats the reason it is not reflecting like that.

Still my CIBIL Score is NH

Still my score is NH and I want to know can i apply for cc or personal loan?

My personal loan is rejected recently.

what should i do to get a personal lan approoved and have the recent consumer loan updation in cibil.

Iam eligable for applying a credit card if my cibil score is NH and i settled my credit card

Please help


Manikanta January 2, 2015 at 10:02 PM

Recently my ECS form is not cleared and I made direct payment to bank for my personal loan, will it effect my CIBIL score?


Hardik Parekh February 5, 2015 at 8:09 PM

Dear Sir,

I think you are the best one to answer my question ? I have taken an Auto Premium Loan from HDFC Bank. the Loan amount is 13 Lacs for Five years and I have paid all 48 Installments till april’2014. I am in deep financial crisis, even i do not have money to have my food, due to wrong investments and trust. I sold my house, property all the assets. Since Last 11 Months i have not paid any single installment of the same, the amount of Installment is Rs.27,700/- per month. Now i do have some money, to clear the outstanding Installments. Same is the question with my credit cards from HDFC / ICICI

My question I do not want to go for settlement I want to pay all the dues including Penalty and Interest to both ICICI & HDFC… Would my CIBIL score would be back to normal if i pay each and every penny ?


Avinash February 10, 2015 at 12:38 AM

Hello Sir,

I am Avinash below is my scenario and Present Cibil Score:

1. In April 2013 I have taken 50,000 Personal Loan from HDFC BANK for 12 Months, I have missed installment 3-4 times, I have cleared this loan in November 2014 instead of April 2014, I have Cleared all the dues whatever asked by Bank done full payment and I have NOC for this.

2. I was having HDFC BANK Credit card, I have missed many times payment of card dues, Bank Permanently blocked my Card, I have paid all the dues whatever asked by bank done full payment, I am having NOC for this Credit card.

3. In July 2013 I have taken 50,000 Auto Loan from Bajaj Finance for 10 Months, I have missed installment 3-4 times, I have cleared this loan on 31st December 2014 instead of June 2014, I have Cleared all the dues whatever asked by Bajaj done full payment and I have NOC for this.

Right now I don’t have any credit card or loan, I have fetched my Cibil Score on 10th February 2015 and the score is 593 only.

How much time will it take to increase to 750 mark, Moreover How much time will it take to update my 3rd loan status in Cibil that I have mentioned as that I have cleared on 31st Dec 2014.

Could you please suggest me some ways to improve my score.



Manikandan February 12, 2015 at 9:00 AM

Dear sir,
My earlier CIBIL score is 674. After that i have tried few times for PL. Now my score is 590. Now only I came to know that is because of credit hungry. Is there any way to improve my CIBIL score sir. Can I approach any credit repair agency or wait for some time? Pls help me with your guidance sir.


dev February 16, 2015 at 8:58 PM

I have an existing loan which I am clearing on a regular basis with no defaults. also I had a loan about three years ago which I cleared without defaults. I wanted to know that I have missed only one payment on a credit card and once I cleared the patent the very next day I also closed my card this was about a year ago. Now my query is that the bank asked me a few no the ago if I wanted a card and I said ok. But the application got rejected twice due to a address discrepancy. After which I stopped trying. But will these two attempts and the one late payment adversely affect my score.. Because I am looking to study in a year or two and would definitely have to use lending products for that. Also NY present loan is for 5 years and I am only on year one. But I am in a position to clear that loan in two months but have been told that if I preclude a loan points of my score would be deducted. Is this all true.. I’m a little confused..


Jaya February 16, 2015 at 9:46 PM

Hello sir,

I had a cc 6-7 years back which had an outstanding of Rs. 2500. I somehow missed this payment. In 2013 the credit card company made an entry indicating default payment because of which my scroe came below 600. However I have closed this and I have a NOC from the bank and my score is 820 now. However in my cibil report the dpd Details for this payment is indicating that I had defaulted the payment. Will this affect my future loans. Is there anyway I can have this dpd detail removed


AMAR DEEP March 5, 2015 at 11:12 AM

Hi, i have settled 3 credits cards and 2 personal loans and paid all emi of two wheeler loan.I have settlement letter of all banks.Currently i have taken car loan from Mahindra Finance and paying emi on time since last two years without any bounce.My current cibil score is 609.Kindly advice me how could i improve my Cibil score,i have settlet all credits cards an loans in 2012 and still its all showing in CIBIL record,is it withdrawn after certain period of time?what is the process to submit settlement letters of banks to Cibil for updatation.Is it possible to take home loan in future.

Amar Deep


Manjunathswamy March 30, 2015 at 4:24 PM

Dear Sir,
In month of Dec’14, i took CIBIL report with NH, when i applied the personal loan that is get rejected, due to CIBIL score, when i applied the CIBIL score it shows as NH (3 reasons given) It is new account for CIBIL like that but how can cibil will give two type of report to bank & me


Gaurav April 8, 2015 at 3:14 AM

My cibil score is 595 as I hav settled my credit card payment. If I make full payment to bank now so my cibil score will increase or not ?? If yes dan by how much points???


SantoshKumar April 21, 2015 at 7:13 PM

Dear Sir,
Iam in very critical situation due to my Cibil report,lot of times my personal loan applications got rejected.Main reasons are below:
1)I was having two credit cards from SBI and HDFC due to over burden i was not able to pay the minimum dues on dates and its paid very lately.Later I come to know I paid the lot of excess money as minimum dues, thats what I put those cards for settlement.SBI card totaly paid and got no due certificate,HDFC two EMI will pay coming months.

2) I was having a housing Loan later I paid it early due the sale of property

3)Some personal and Agricultural loan from Banks, those are alrady paid, but the same still showing in Cibil report.

Please help to find out the soluations to solve my Cibil issues.Really Iam trapped.



srikanth April 25, 2015 at 8:59 AM

I have an hdfc saving account with negative bal due to non maintenance of min bal. Account was dormant. Does it effect my cibil report. ?


shyam April 27, 2015 at 12:39 PM



Rahul Sharma May 7, 2015 at 12:24 AM

Hi sir,

This is Rahul Sharma. My father has home laon and car loan. From the september 2014 we couldn’t pay the EMI properly. Now i tried for car loan then bank executive told me that u can’t take loan becuase your father name is in CIBIL list.Now we are in good financial condition and will pay EMI time to time. How we can remove my fathername from CIBIL list? Can i take loan again?Actually i am just 25 yrs old. Plz replyme as soon as possible.

Eagerly waiting for your reply.

Thanking you


Shashi May 12, 2015 at 10:26 PM

I settled a credit card in Jan 2014 due to some financial crisis. I have currently going through 1 home loan and 1 credit card for which I am paying it on time till the time I had taken. Home loan I had taken 1 and half year back and none of my ESI has been bounced and 1 credit card I had taken 5 years back and making payment on time. I have to apply for personal loan, please advice if it is good time to apply or bank will reject my application.


HANS RAJ May 16, 2015 at 12:47 PM

please confirm the pre approved lone mean & how much time in process the lone


hans raj


Anirudh May 18, 2015 at 3:03 PM


Since the time i have been using credit facilities i.e. credit card, personal loan finance etc, I have not bounced a single payment but few months back i cleared all the dues on my credit card somehow i was shock the on one of my card they reflected a due of Rs.25oo/- as some foreclosure fee which i had already paid by making access payment and also confirmed by the bank customer care. Now these guys keep on issuing new statement every month with all kind of late fee etc. and are not resolving this issue from 7 seven months, on calling upon customer care they agree that i have made an access payment so their is no due on card and on other hand they keep on issuing new statement everymonth.. On putting a request mail to bank they always keep on requsting for more time and this is affecting my cibil score? Pls help. Also let me know if this issue gets resolved would my cibil score be back to what it was and will it affect my furture transactions with the banks? Thank You.


sathish May 21, 2015 at 6:10 PM

Hi my civil score is 500, and filled as an defaulter. i have not paid credit card loan intrest for past 7 months. If I now settle the full intrest how long it takes to not an defaulter and wat will be the score.please guide me how long it takes time to get civil score After full payment.


YARLAGADDA ANIL KUMAR May 27, 2015 at 5:44 PM

have taken the personal loan fromPAN NO. ABSPY0194Q ICICI BANk, HDFC BANK and settled 3 years ago. Its really hindering the chance of getting the loan for me. Now I am looking to remove the Settled word from the CIBIL report.
Can I get the second chance from the Bank to pay the pending principle and ask them to close this in CIBIL?


AVIMANNU SARDAR June 4, 2015 at 7:25 PM

I have taken 02 personal loan from ICICI,BANK in the year of 2007, &2008,both loan has settled and paid accordingly the settlement of bank after exempting Rs:- 2800.00 for one loan & Rs 4800.00 for another.
The ICICI BANK duly issued No DUES CERTIFICATE, but wrote in CIBIL as remarks “SETTLED” Please advice me how could I erase or change the remarks settled in Cibil.


Tarsem Singh June 11, 2015 at 4:53 PM

Dear sir,
yesterday i saw my Cibil it is 747 but i have an another question i had been a credit card with citi bank and i settled (written off) on sep 1998 and its reflect in my cibil report how can i improve it


Tarsem Singh June 11, 2015 at 5:09 PM

Dear Sir,
past i was self employed and now i am a salaried person and got 50000 per
month from 6 years but my Cibil Show i am self employed how change it and my one credit card with Citi bank since 1997 and it is written off ( settled) on September 1998 so this reason i cant get a card from any bank please suggest how can i improve


naveen June 15, 2015 at 6:10 AM

I was holding axis bank credit card in year 2007.
Credit limit of the card was 26000
I used the card till 2009 and due to some financial problems i was unable to pay the dues, and my job was transferable job.
But i got a call from the axis bank 20 days back that your credit card dues are pending of 55890.
I paid the dues of 55900.
Now when i had written a mail to the bank to close the account and update the status closed in cibil. they had wriiten me a mailas below

We refer to your appended email regarding credit card payment and CIBIL updation.

We observe from our record that, your credit card account is permanently deactivated due to non-receipt of the payment against the outstanding which is same as cancellation.

We inform you that, we have received the payment of Rs.55,900.00 on May 29th, 2015 in your credit card account.

Thank you for making the payment.

As on date, there is no outstanding due is pending towards your credit card account.

As per our record, your credit card account has been written off.

To remove the written of status from CIBIL, we request you to make the payment of Rs.Rs.21,1975.70 on or before 14.06.2015 as CIBIL Masking amount.

I had not setteled or ask the bank to give a suitable amount to pay.
They only told me that ur outstanding amount is 55890.
I paid the full amount .

Then why are they asking more than 2 lakhs

Sir can u please suggest me


Rajeev Sinha June 19, 2015 at 8:05 PM

Dear Sir,

I have one question regarding home loan repayment. I repay my home loan EMI thru NEFT. It will improve CIBIL.

Please confirm.

Rajeev Sinha


sachin vasant sonawane June 24, 2015 at 11:20 AM

Please im remove to cibil


a.jayakumar June 25, 2015 at 12:54 PM



Surendra Singh June 30, 2015 at 11:39 AM

My cibil score is 517 but my status in Hdfc bank shows written off. I am not using any other card or loan. How should I improve my cibil report.


a b narayanan July 22, 2015 at 8:00 AM

dear sir

i have a credit card with rs.97000/- outstanding balance paying minimum amount regularly

now i am going for a home loan with dhfl for an amount of Rs.8 lakhs

Will this affect my hone loan will it reduce home loan amount

DHFL Says i am eligible for 7 lakhs

will it decrease the home loan amount

Pls clarify



Irfan July 25, 2015 at 7:49 AM

I am having 7 savings bank accounts.I’m not maintaining minimum balance in any of these Ac’s.
Do this information be shared with CIBIL.

Please, Provide u r valuable feedback.

Thanks & Regards. .


Chiradip August 11, 2015 at 11:23 AM

I have made a online transaction using my ICICI cc and opted for EMI option, But then I have cancelled the order & the amount refunded back to my card account.
Despite this, for the same transaction the EMI is continuing.
It’s been couple of months now, requested them to stop this but nothing is happening!
How this going to effect my CIBIL score & how to stop it from appearing every month on my bill.


Saurabh Udavant August 15, 2015 at 5:25 PM

If the total value of the online purchase exceeds the credit card limit while converting the purchase into an EMI which does not exceed the credit card limit, will it impact negatively on the CIBIL score?


suman ojha August 16, 2015 at 2:24 PM

sir i did not get any loan in my life .But my cibil score is in -1 .what can i do for can i get my cilib score around 750


barun kumar singh September 2, 2015 at 9:01 AM

Plise mi caliear lon so sivil name


Padam September 4, 2015 at 4:28 PM

Hello Sir
Need your help for the following matter:

A have applied for a Housing Loan from LIC HFL, and the same got sanctioned for Rs 41 Laks. I entered into a sale agreement (not yet registered) with the builder and paid the down payment amount. The builder without my consent/knowledge has been able to get disbursement of around Rs 35 lacs. Now i have found that the construction of the building has not been done as per the agreed terms and conditions/sanction plan passed by the local muncipality.

My questions are the following
1. Whether Banks are auth to disburse without borrower’s consent.
2. It is one of the conditions of sanction that registration of the flat should be completed before disbursement
3. Since I have not yet done the registration of the flat, how Banks would recover its loan



raj September 9, 2015 at 11:03 PM

HI SIR BEFORE 2 YRS I bought bajaj bike finance actually it will debit automatically from bank but i didnt use that specific bank and i pay it directly to dealer now i having 20 cheque bounce how can i repair my cibil score please do the need full now i applied for personal loan but they rejected my cibil score is very low before two months its self my bike loan also got over and now i dont have any loan is my cibil score will get high what i want to do to increase my cibil score please do the need full


Devraj yadav September 10, 2015 at 11:19 PM

Mai HDFC se two whiler loan liya tha
Jisme mera 3 check bouns kar gaya tha jiska mai pura payment kar diya hu fir bhi mera cibil score negative aa raha hai please mera cibil se name remove karne ke liye kya karna hoga cibil Score improve karne k liye kya karna hoga please sir


Hira sehgal September 17, 2015 at 5:34 PM

I hira Sehgal sir in my life first time I have a loan of prime minister rojgar yojna after then my loan settlement at court and that time my bbuisness is not going well but at present I m in good posiition but once atime I apply loan in bank the banker said you are in cibil and urr cibil score is 658 sir what I doo I want to clear this thing how can I right may cibil score sir suggest me


Anita Dasgupta September 19, 2015 at 8:26 AM

I took personal loan in the year 2012 September but due to some unavoidable circumstances there became irregularities for EMI for 4 months after that I became regular. In 2015 I repaid my loan 4 months before my tenure. I have booked flat and now I require home loan I applied for loan from IDBI but my loan got rejected as my CIBIL score was 676. How I can increase my score and reapply for home loan and after how many months.


Hira sehgal October 17, 2015 at 9:31 PM

Sir I apply credit card from hdfc bank they won’t give credit card they said ur. Cibil score is 658 sir what I doo if I have not a card then how can I approve my score rating please suggest me


Pradeep October 27, 2015 at 8:08 AM

hello sir.,
My score is showing -1 and rejected in bajaj finserv.Because he fills wrong details using my pan card when i was plan to purchase a new TV in showroom.That wrong detail is, i said LIC home loan i have applied and going on not till approved.He entered LIC home loan going on.So my score is showing -1.Now what should i do.Is this affect my LIC home loan.Please help me sir,
Thank you


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ganesh November 18, 2015 at 6:55 PM

Hi Gaurav,
Seven years before i had three CC and jobless for some time ,i become defaulter to my banks . Recently i checked my cibil score and it was 530 only.i tried initiating three banks for settling my dues ,i requested to give cibil cleanup letter .And iam going to make payments in a day or two . I s there possible for increasing my cibil score by the payments? how long it could taken or i have to contact cibil for reanalysing my score ? and also so many “wrong inquiries” mentioned in cibil is for 100000000(ten crore)value cc by UTI bank,how to correct it from cibil report.


Amit December 3, 2015 at 5:29 PM

Hello Shiv,

I defaulted a small loan at the very early start of my career after that all mu credit history is clean. However when I applied for a home it got rejected and I come to know that the default is showing in my CIBIL report. Now I am thinking of going for a settlement of the bad loan, Could you please advice me what precaution I should take so that I can have clear CIBIL history.



Tousif December 3, 2015 at 6:27 PM

Hi Shiv,

I have a cibil score of 641 with 3 home loans running under my name..I will be applying for a new home loan soon and shall close 2 current home loans so that I end up with having 2 home loans on my name ( currently running + new loan to be sanctioned ). My question is, will my score shoot up by 100 points in case I close the current 2 home loans? What are the chances of my new home loan to be sanctioned ? I have not missed a single emi of all the 3 loans from the past 4 years.



Mari December 10, 2015 at 4:36 PM


I want to apply personal loan.. Please suggest me for the below points.

I have one existing loan and unfortunately i haven’t paid only one EMI (Rs.6117.00) for more than one year. how ever i paid with extra charge 2 months back. Currently am looking for another personal loan, and my existing loan tenure is 5 years and out of which i have paid 3 years and still 2 years left. Am getting 36k salary in well known MNC company..

Apart from above i dont have any other loan, credit card etc.. Please confirm if i apply personal loan, will i get it?


Sunil Gopnarayan December 15, 2015 at 8:04 PM

Out standing lone ditels


Mari December 15, 2015 at 9:21 PM

Hi Sunil,

I have paid around 2.5 lakh and still am having around 1.20 lakh outstanding amount.


Vinod December 15, 2015 at 11:00 PM


I am in urgent need of a personal loan around 4 to 5 laks. So i applied and it rejected from several institutions like hdfc bank, ratnakar bank and tata capital. The reason is due to my low CIBIL score. i have a existing personal loan for 3 yrs tenure of which 2 yrs have been completed successfully with only one emi missed which they said is no longer an issue as I applied only after a few months past the emi miss. The issue the lender said was with my credit card. I have a crdit card for 2 and a half years. I have utilized the full limit of 60000 and only have been paying the minimum payment amount after the due date for which i incurred late payment charges. I have been paying late only for the last 6 mths. Now due to this my cibil score is around 630. So to clear this credit card issue, i decided to pay the entire amount asked for waiver of all the late payment charges. But they said a waiver is possible only if i go for a settlement. I did not want to settle as it would affect my score. Now ia have paid 47000 out of the total 60000 outstanding.

I want to know if the bulk payment would increase my cibil score. If yes how soon it would increase and how much like can it improve to 700 from the existing 630. bcos the reason i cleard the cc liability is to obtain a personal immediately.

Also is there any way i can ask hdfc to update my cibil to reflect my cc repayment immediately. Usually what is the time frequency in which the update cibil.

Waiting for your reply. I would be grateful for a clear response to all my queries


piyuh joshi December 21, 2015 at 1:06 PM

I have just applied for the credit card and have applied for the home loan also. Till today i had no loan or credit card against my name. My bank says you will have no problem in getting loan.. my credit card limit is 60,000. Bank offcials says that i have taken any loan nor i have any credit card in my name hence my limit is negative 1 is this true


Rohit Bodhe December 31, 2015 at 12:32 AM

Dear sir

Agricultural loan can effect on my cibil score if its pending.


Ravi Kiran January 12, 2016 at 10:56 AM

Hi, I have taken a car loan in the year 2012 and paid all the 34 EMI’s out of 36 without fail.The EMI amount is Rs.5000/- per month and in the year 2013 for the month of Feb and March i missed to pay the EMI due to other financial emergency.Now when its time to close the Car loan and take the clearance, they are asking me to pay Rs.24000/- as interest for payment defaulted in the year 2014 for Feb & March month which is Rs.10000/- and i told them yes i ready to pay the balance amount. Now,How far this is right???

Please advice me,how can i get the clearance but not ready to pay such big amount. and do not wan to get the negative score in CIBIL.


Srinivas January 15, 2016 at 12:05 AM

From the last one year my financial status is bad & henceforth it has impacted my cibil score badly.Could you please let me know if I’m paying my cc bills on time & clearing the outstanding.In how many months or years will my cibil score improve.Please advice.


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Vikrant Shirsat January 19, 2016 at 1:29 PM

Hi Sir,

I got stuck in EMI and Credit Card bills. I have 3emi (car and 2 Personal laon ) total amount is 22k .My credit bill is above 30k for last two month.
Please tell me how to over come this situation.

Last month salary was delayed by 7days so all my emi got bounce and cc bill payment is also delayed.

My saving are completely lost and i try to save but every month some payment get delayed. My parent are not in position to help me and friends not so close to discuss this financial problem.

i have relationship with my jiju and other relative are not in financial help.Give me so many solution for this.



Nikunj Chitalia January 23, 2016 at 12:48 PM

Hi! i want to buy a new smart phone which is for Rs. 15000/- if i pay it in emi basis using my credit card, will i hamper my cibil score.????


Shiv Kukreja January 23, 2016 at 5:04 PM

Hi Nikunj,
In no way it is going to hamper your CIBIL score. Just pay your EMIs on time, it is going to improve your CIBIL score.


maruti January 23, 2016 at 11:05 PM

hi… sir
my cibil score 625 can i get home loan


VIVEK January 29, 2016 at 12:58 PM

Hi Sir ,

I had settled only one credit card of SBI , who inturn has issued vehicle loan which is actively been paid regular EMI since 2013 , still my score is 600 and i am being rejected by credit card of any bank . Kindly advise , what is way ahead to get credit card .Kindly reply ASAP


Ajeet singh February 27, 2016 at 7:56 AM

Hi sir

I have an query..actually i got a pre approved personal loan from HDFC bank and i have applied for that personal loan..but after 2/3 days i got a rejection msg from HDFC stating that your cibil score is low due to negative..when i check my cibil report what i see there one HSBC CC payment due over my name from 2008 and now its 31k…now i want to do f&f payment to HSBC…after payment can i apply for a personal cibil score is 620.


Bhavan March 6, 2016 at 10:32 PM

I am management student. I had worked for four years in steel company before. I had few doubts and would be very helpful if you can clear it.

1) Does employer reputation affect CIBIL score?
2) I have worked for four years for a steel company. Now studying management and soon will join a reputed foreign IT company. I never used a credit card and have not taken any kind of loan till now (not education loan also). How does this affect my score?
3) If i dont use credit cards and if some day I need a home loan, will my score be sufficient considering the details i have given in 2nd ques.?

Thanks in advance..


praful d shinde March 7, 2016 at 2:12 PM

Required credit score


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riazuddin March 10, 2016 at 10:24 PM

Hi Shiv,
i had a HDFC CC. i got a limit og 90k and my payment was 81k regularly.
but still there is outstanding of 88k. I bought my Credit report its 698.
Can i go for a SETTLEMENT.Please guide me as i am confused to pay it or not. babk people are offering some 15% off on muO/S.
credit report saying below points
1.Credit card balance too high.
2.too much increase of indebtedness on non-mortgage trades over the past 12 months.
3.Credit card amount is too high in propotion to high credit amount.

thanks you inn advance.

Thanks you in advance.


riazuddin March 10, 2016 at 10:34 PM

I am using CC from July 2015. i didnt pay this Jan n Feb Bills. in future i will be in a need of a PL. i think i cant get that, so please help me to improve CIBIL.

Appreciate for your help.


Sunilkumar March 12, 2016 at 10:09 AM

I applied for CAR loan in SBI last week and my credit score is 739, Is my loan will get approved. My payment History is showing excellent and borrowing showing fair as 1 out of 5 is negative. That one I settled with Barclays bank as they put late fee as they have not received the check I dropped in there ATM box with acknowledgement.


Rajeev Sinha March 15, 2016 at 2:35 AM

How settled status can be removed from CIBIL report. Account has been closed more than 7 years before but still settled status is reflecting in report.


Sourav March 22, 2016 at 7:56 PM

Hey Shiv,

Recently I tried to apply for a PL, however, after three weeks of documentation, the loan was approved. And again they wanted some hose address proof (in addition to passport, aadhar, driver license, home owning documents, et al). They wanted the address to be updated on bank statement. what I did was I myself updated the address (foolishness on my part!!) on the bank statement. As the real updation would have taken 7-10 working days. Now the real crux comes, they said its fake. Fine, accepted, I did it. Now the question is if my loan is rejected (or I cancel it as I have got the approve from another bank with easy documentation and reducing interest), will the matter of un-original documentation will be reported to CIBIL? If yes, what will be the impact? Also I have clean CIBIL record with a score of 790, no defaults and no bounce till date. As because, my crazy foolishness is scaring me!


Narendra April 22, 2016 at 1:23 AM

Hi, I have made settlement of 1 HDFC credit cards outstanding of 42,000 and settled in around 27000/- in 31 jan 2015 and now my cibil score is very low as recently my personal loan application is rejected from HDFC and AXIS bank.

Please tell me what I have to do now to improve cibil score. Also confirm me that is there any validity for bad cibil score like after some years I will be out of defaulters list.


Goutam April 26, 2016 at 6:17 PM

Hi, The last 4 month continuously I paid minimum amount, Now my CIBIL report 609, Please suggest me how it will increase ? if i pay hole amount in one times, is it increases?


Chiran May 11, 2016 at 5:29 PM

i was using credit cards of hdfc and sbi and citibank banks, due to late payments they have blocked all those cards.I want to clear all the cards(with out settlement i.e full amount)then is there any chance to get personal loan?



Siddique May 12, 2016 at 4:41 AM

Hi Shiv,
Please help me out regarding my below concerns to improve my Cibil score. Because I am totally aware of the Cibil score and read your articles which gave me a lot of information and hence thought get an experts opinion and suggestion like you.
To begin with, I have 2 credit cards + 2 Consumer durable loans + 1 Personal loan. I had 3 more consumer durable loans which I completed before 1.5 years.
1. Recently I cleared one credit card bill (Kotak). For my total outstanding (54K) of SBI, I have converted them to 24 months emi, and now has 6 months overdue I missed to clear it because of my financial problems. Now the emi was broken and one of the SBI executive called me and asked to pay 5K and I did it before 2 months. Also now my outstanding (52K) in SBI is above the credit limit (50K). Please suggest whether I can go for settlement for the SBI card. If so will it impact my Cibil score?
2. Regarding the consumer durable loan, initially I received a message from the bankers that my check was bounced because of signature mismatch. Later I received a call from Bajaj about this and I requested them to stop the ECS facility. They said ok, but from past 9 months there are 9+9 cheque bounces for both the accounts. But I am paying the emi amount to the respective executive regularly and I am yet to pay 2 more emi’s. Also in the month of February they did 17 cheque bounces with same SR numbers in my account in which 7000 rupees was deducted from my account. Later I requested my salary account banker about this and they have reverted back. My ECS term was completed in the month of March, but unfortunately the same happens (16 cheque bounces) this month as well. I have checked my Cibil score before 6 months, it was around 629. Please suggest how to proceed regarding this to improve my Cibil score.
3. And recently I got a call from credit mantri and they told that if I pay 5K they will enhance my Cibil score. Will it work out? Do really they have that facility?
4. How long will it take to update my credit history in Cibil records and how often bankers will share the default information to the Cibil Bureau? I have applied for PL now and they rejected it because of low Cibil score. Please help me out with some suggestions to improve my Cibil score.


Rajneesh May 19, 2016 at 7:30 PM

Dear sir, My name is Rjneesh, I have taken a credit card in 2014 from hdfc bank 20 k limit and after 2 years usage i could not make payment then in feb 2016 I forclouser the same with 11500. and also I have taken personal loan with hdfc 1 lakhs after 18 months successful payment i took topup but after 6 month emi payment i lost a job I therefore could not make rest emi. now collection person demanding for settlement.
In the meanwhile in 2016 I take a sbi credit card that too I could not make payment but in may 2016 I made forclouser with 87k.
I also have kcc with pnb but making regular payment.
So please suggest me If i do settlement with hdfc personal loan what will be my cibil score. can after settlement can get fresh personal loan. Waiting for your soonest response


Sharada June 3, 2016 at 3:35 PM

I’ve started repaying my education loan recently and haven’t missed any installments. However, I hadn’t been aware that my loan account was linked with the SB account created during the loan processing or that there had been withdrawal attempts made from the SB account (I was paying my loan from my salary account from another bank). These withdrawals resulted in an SI failure as the balance in my SB account wasn’t enough to cover the loan EMI. I’m worried that this might affect my credit score even though I haven’t missed a single EMI every month.


Ramanath K June 29, 2016 at 7:04 PM

Hi, I took credit card at the beginning of my career from HDFC bank in 2007 because my salary account was there. They gave credit card without asking me. They just delivered to home. I spent around 25k. At that time, I was not aware about minimum payment for credit card. I was making that minimum payment of some 2000 change monthly regularly for about 6 months without fail thinking that it is an EMI. Finally when I did not make for payment for one month, bank people called and they said total outstanding was the same and they also educated me that it is the interest what I have paid so far, so I thought little fishy at that time and rejected to pay any amount. These all happened in the year 2007. The card is blocked. They did not call me from the last several years. I was taking few bajaj consumer home loans and was paying on time and now my cibil score is 791 but the report shows that HDFC bank I have due is 59787 (status is written off). I am not getting any credit cards even though I apply now. Now HDFC bank people called me and asking for settlement but I know my credit score will come down if I make a settlement. Now I am confused how to get rid of this, I can make a payment. My question is how to clear my HDFC bank credit card dues without effecting my credit score, kindly advice, I am confused… Hope you will give a solution for this. HDFC bank guy telling to clear the dues which he can give some discount (what is the difference between clearing the dues and settling the dues?)

Thanking You


drvishnubpatil July 5, 2016 at 3:05 AM

i have taken auto loan for 5 yrs i repay the emi till 3 1/2 yrs some times late payment and 2-3 emi due , so my loan acout automatically closed , i check with bank they said your loan has been writen off , what is written off means?? , nobody from bank representative contact me . what is the next process can i do please guide me….
thank you


Sanket July 12, 2016 at 12:59 AM

Hi Shiv,

I took a personal loan from ICICI for 1,00,000 in 2007 for 48 months.
I paid 34 EMI’s (2834 each) till Mar-2010. Thereafter, I left my job & went for higher education from 2010- 2012 & started working again in June 2012 which is when I settled the loan for 21600.

In the mean time, my father & I took an education loan in 2010 for 7 years which we are paying since then without any default till today.
Last year in April, I took a secured Credit card which I have been paying in full till today. I do not overuse it. I just use it to keep my CIBIL score ticking.

I checked my CIBIL report. My CIBIL score is 854.
It shows the ICICI Personal loan as closed on 23-07-2012 with status as settled.

I want to take an auto loan.
What are my chances?



Syed August 17, 2016 at 1:01 PM

We Provide Personal Loans and home loans if the cibil score is above 650 and if there is any issues like updating or improving the cibil score we will update this within 15 to 30 days or immediately and also we will help you to get you the loan within 7 to 10 business days with private like NBFC or nationalized banks who has the interest rate upto 14% with a lead time please call up soon for further queries Syed 9739870082 or email me at All Over India<<<<<


manish August 1, 2016 at 12:48 PM

I have an education loan that was moved to NPA in Oct 2013. Since then the bank had stopped charging interest on that NPA account. I have been paying my EMIs on time and recently approached bank. They are advising to clear current dues which doesn’t include interest post Oct 2013 as the account is NPA. After clearing dues, bank is telling that they will close my loan account and will give me NOC. Should I go for this? Will it be perceived as settlement or written off? Please suggest how to move ahead on this.


Syed August 6, 2016 at 3:21 PM

We Provide Personal Loans and home loans if the cibil score is above 650 and if there is any issues like updating or improving the cibil score we will update this within 15 to 30 days or immediately and also we will help you to get you the loan within 7 to 10 business days with private like NBFC or nationalized banks who has the interest rate upto 14% with a lead time please call up soon for further queries Syed 9739870082 or email me at All Over India>>>


Vivek Kapoor August 28, 2016 at 10:58 PM


I have a low cibil score around 585 due to late payments of my Citi bank and HDFC cardcs, also I had delayed payments for my Car loan and PL for a few months.

Citibank has permanently closed my card and due amount is 80K and is showing up as WRITTEN Off.

I am trying to improve my cibil now, I have recently made a full payment of My hdfc card which is still active whcih has improved my cibil rating to 611 and also I have made timely payments of my car loan and PL which seems to be improving.

however i am not able to pay my Citi card due amount .

Please let me know how can i improve my cibil at the earliest.

also if I pay my citi bank card in full and get a NOC, can I apply for a PL from any bank..
which bank can approve my PL application with cibil around 650-*675.

Please reply


Syed September 3, 2016 at 9:08 PM

We Provide Personal Loans and home loans if the cibil score is above 650 and if there is any issues like updating or improving the cibil score we will update this within 15 to 30 days or immediately and also we will help you to get you the loan within 7 to 10 business days with private like NBFC or nationalized banks who has the interest rate upto 14% with a lead time please call up soon for further queries Syed 9739870082 or email me at All Over India>>>>>>>>>>>>>>>>>>>>>>>>>>>>


pradeep September 22, 2016 at 12:40 AM


I am professional, got my own freelance work. I took a credit card against FD almost two years back from SBI. After one year I applied for a credit card on the basis of previous card from HDFC and Standard Charted but both got rejected.

I got my CIBIL score checked too, its 740.

I have never defaulted on payment. When applied for credit card on the basis of my old card then too it was hardly 20 percent used.

Could you plz tell me what is the reason that my application got rejected. Is it because I have taken card against FD. Yes, I have taken a consumer loan from Bajaj Finance, but I am paying EMIs on time.

Thank you.


Syed October 30, 2016 at 2:28 PM

We provide Personal Loans, Home Loans, Business Loans etc…all over the India, with any issues in Cibil. And if there is any issues in updating or improving the Cibil score we will be able to help you in getting updated, as soon as possible. Also we do help you to get the loans in 2 days, with (Private Sector Banks, Public Sector Banks, Foreign Banks, Nationalised Banks & Chit Funds). with the very low rate of interest (upto 5%) please call us for further queries immediately
Syed: 9739870082


Hemant November 7, 2016 at 6:42 PM

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Syed November 8, 2016 at 4:34 PM

We provide Personal Loans, Home Loans, Business Loans etc…all over the India, with any issues in cibil. And if there is any issues in updating or improving cibil score we will help you in getting updated, as soon as possible. Also we do help you to get the loans in a week with (Private Sector Banks, Public Sector Banks, Foreign Banks, Nationalised Banks & Chit Funds). with the very low rate of interest (upto 2%) please call us for further queries immediately


Syed November 8, 2016 at 4:36 PM

We provide Personal Loans, Home Loans, Business Loans etc…all over the India, with any issues in cibil. And if there is any issues in updating or improving cibil score we will help you in getting updated, as soon as possible. Also we do help you to get the loans in a week with (Private Sector Banks, Public Sector Banks, Foreign Banks, Nationalised Banks & Chit Funds). with the very low rate of interest (upto 2%) please call us for further queries immediately 9739870082


Rajh February 14, 2017 at 11:58 AM


My cibil score was always above 700. I started to use sbi credit card with due date as 27 of every month. I used to pay on 1 st of every month thinking it ll not effect since its only 3 days past due. Now my score has reduced to 585 and top up loan application is rejected as well. Pls help me to understand how to improve my cibil score and timelines required to get back to 700 if i clear all dues in this credit card


Amit sharma May 31, 2017 at 10:20 PM

Hi, great article.
Unfortunately I am a victim of low cibil score and was looking measures to improve it as I also wanted to avail a personal loan to renovate my house. Please suggest me as the banks keep cibil score as the fundamental factor in giving loans.


Rahul July 26, 2017 at 8:27 PM

I was using HDFC credit card in 2011 & due to some financial condition
i was unable to pay the amount approx 45000. after few calls from recovery department it came end up with settlement and i payed the settled amount.

Actually i was not aware that it will affect my future CIBIL score.

Now i am facing problem in every step & my current cibil is 840.

Please suggest me how i will come out of this .


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