Don't target a credit score in limited amount of time. Their Algo is dynamic and not something you shud aim. Anything above 700 is good. 
  
 Your delinquencies remain on your report for 3Y only (as of now, can change later). Get a credit card somehow or a secured card (one with an FD) and build on it. Don't revolve, pay in full. Do not take anything else, Avoid personal/consumer loans at any cost.

Banks and NBFC's look down upon BNPL/consumer/gold loans. The view on BNPL might change with time. A lower ticket loan is a bad signal (signifies you need credit for smaller amounts too). Higher amounts with higher tenures that you have diligently served, will build your credit score. The only exception is Credit card, where a higher limit with lower usage is a positive sign.

Investment Manager

Delinquency is worse than a bad credit score. Anything above a 650-700 is a good score

Founder

You can open a FD of 20-30k in ICICI and get a CC against it for 85% of the amount. Of this also use only 30% limit at any point in time. You cibil will improve in an year to 750-770+.  
 Best way, use it for fuel only every month.

Technical Lead

You can take Rupicard - credit card against FD, helps improving CIBIL

Software Engineer

I went through this, I just paid off all my loans once i got a job. Also follow up with the lender if they have sent your updated your report to the CIBIL.

I took shit tons of buy now pay later during my college days and couldn't really pay on time, now  my credit score dropped to 540, how do i improve this? i am still in my final year so i have a yea...

Welcome to Personal Finance's Private Community

I took shit tons of buy now pay later during my college days and couldn't really pay on time, now  my credit score dropped to 540, how do i improve this? i am still in my final year so i have a year to improve, would love to know insights about this, what should be a decent credit score by 2024 june keeping in mind my score now & that i have cleared all the bnpls

Improving credit score

Product Manager

Improving credit score- Grapevine

Credit Score kaise badhau friends?

How to increase my credit score ,  it had fallen due to Over utilisation of Card ♦️♠️

Credit Score

I'm 24 and haven't started using a credit card yet. I don't even have one. Am I going right or wrong??

Credit card

What is your CIBIL Score and how many lines of credit due you have open currently? (loans + credit cards).

My score is 787. With 5 active credit cards.

Your CIBIL scores

In this month alone i got 3 new credit cards. 
Yes bank approached me saying there’s a pre-approved credit card, which will be the fourth one.

This will be the fourth enquiry on my CIBIL this month, but none of them got rejected. Current score is 770+ and  age of credit is almost 3y

My understanding is having more credit limit will help keep Credit Card Usage index below 20-30%. 
Is this correct?

Does having too many credit cards affect CIBIL score?

Hello folks, 
Due to some financial crunch, I'm planning to get a credit card but I've heard from people about the scary stories of credit cards. Can any body who owns credit card can give his experience or any tips what card or how to use the card or any other general advice. 

I just want to use cc for online purchases and maybe in emergency situations. 

Thank you in advance.

Mindful credit card usage

I am earning and expenses or same 50k but I have 10lac credits could you pls help and suggest to get it out and i didn't get loans due to credit score issues

Credit card over utilisation

Supply Chain Manager

Hey Grapeviners,

I need help from all the experienced folks out there.

I and my father have 2 loans:

1. Educational Loan EMI - ₹6500/month for 15 years (₹ 7 lakh loan)
2. Home Loan EMI - ₹22500/month for 9 years (₹ 17.5 lakhs loan)

I am 22 and started my full-time career this month and wanted to understand how to repay 2 loans along with my father quickly with less financial burden. (I am the only child)

My expenses -

1. Paying Home Loan EMI - ₹ 22500/month
2. Investments - ₹ 30000/month
3. Petrol - ₹ 5000/month
4. Miscellaneous - ₹ 5000/month
5. Left with - ₹ 20500/month (lumpsum)

Should I create an emergency fund for myself first with the remaining amount or what else should I do, totally blank in this case?

My father looks after the household expenses, education loan, and his own investments. Not sure, how much he is left with at the end of the month as I am not aware of his income. (He has a private job)

P.S. - 

1. I spend consciously and don't have a bad spending habits. I love to drive (bought a car myself in Dec 2022) and climb mountains, so I manage to do treks every 3 months.

2. I am rigid about my investment amount, so may not compromise on that part.  

Would be forever grateful, if I get some helpful suggestions.

How do I pay 2 loans most efficiently?

Hey everyone , will be starting my professional life this month and I am looking for some credit card recommendations.

Best credit cards for beginners

Please suggest a way to get out. I am stuck in a financial situation of extreme debt of about 3000000 with a family monthly salary of 130k and I have a toddler too. Need a quick way to get money to get out of this situation.

Stuck in financial debt loop of credit cards.

Software Analyst

Hello folks. While I'd like to remain anonymous very much, here's what I can share about myself.

1. Working in consumer finance.
2. Love personal finance and helping people out with it.
3. Have published 10,000+ pieces of financial content in the mainstream media.
4. Wrote a best-selling book on money management. It was No. 1 on Amazon once upon a time. 
5. Lately been appearing on TV regularly for personal finance discussions.
6. Saved like crazy through my 20s and 30s, brought two apartments; have an 8-figure net worth mostly thanks to my mutual fund investments. It's not much but it's hard-earned.
7. My unrealised aspiration is travel and I'm working on it now.

No, I'm not selling anything. No commissions, no referral links, no finfluencing. 

Just want to talk, exchange ideas, and learn from you all. Maybe I'll feature you in my next book. :)

Ask me anything.

Let's talk money habits.

Corporate Strategist

Welcome to Indian Startups's Private Community

Hi guys,
here is the idea, lets say person A would like to buy a house and he doesn't have down payment and also might be getting loan at a higher interest rate.
We will come into picture buy the house for him and rent him for next 3 years, in next 3 years he will build his credit score, pay rent+ some portion of down payment at the end of contract he will get loan from bank and we exit.
If A would like to exit from the contract has to pay some penalty and can walk away.

Benefits for the company- get a stable tenant who will keep the house like its their house, setup fee, investable down payment

Benefits for the customer- have 3 years of time to decide if they would like to buy the house, easy to build the corpus, can get loan at cheaper rates

Startup Idea- Homeownership made easy!

1. Real estate (invested value)
2. Liquid cash
3. Other Investments (invested value)

The wealth should not be inherited.

I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.

How much wealth have you created yourself?

Seeing the comment section,I realise I am broke.

Frontend Engineer

Software Developer

I worked hard to get home loan and paying it on time but had a few important things to do and due to that I had a debt of few lakhs ! Now in a bad situation though if I get time I will be able to repay all of them. Lenders are not ready to give time. Any genuine advice which can help me to get few months of time so that I can repay one by one ! 

Note: situation of my cousin who stay in kolkata with family and work in one of the MNC. Personally I helped him with some money though debt is high so seeking some advice for him to get some time to repay. Thanks !

DEBT 💸 TRAP 🪤 !

Account Executive

Cred has a section called on-time payments in their credit report section 

If you purchase a product worth Rs 100000 using no cost emi for a period of 6 months. Would this affect your credit score?

If you pay each of the no cost emi bills before the due date, would it still be considered as an on-time payment?

Cred - Credit score assessment

Hi friends ,I have fell into debt trap .
I used to have credit card bill of 1.5lac ,everymonth end I will be swiping one card and paying other card..this cycle continues..but suddenly now I realised credit card bill is 4lac..not sure how to stop this cycle.want to be debt free..where to start and how to close...any suggestions? Sorry for my English

#CreditCard

DevOps Engineer

Can I live a credit card free life? Although I consider myself a credit card smart user, I did an experiment where I can't spend via credit card for a week. I ended up spending much less.

My credit score is 780. What are the problems of stopping the usage of all my credit cards today? Is there a difference in the loan interest I would get? Would that difference be significant?

Improving credit score

Discover More

Memes on

by Karilyn Olive

Fintech Startup

Credit Score kaise badhau friends?

Personal Finance on

by Aaron Lee

HSBC

Credit Score

Personal Finance on

by Matilda Lee

Stealth

Credit card

Personal Finance on

by Kendall Vernon

Freelancer

Your CIBIL scores

Personal Finance on

by Jordon Carmden

Fintech Startup

Does having too many credit cards affect CIBIL score?

Personal Finance on

by Matilda Carmden

Unnamed

Mindful credit card usage

Personal Finance on

by Jordon Dean

Croma

Credit card over utilisation

Personal Finance on

by Karilyn Lee

Contlo

How do I pay 2 loans most efficiently?

Personal Finance on

by Isaiah Hyrum

US Based MNC, India location

Best credit cards for beginners

Personal Finance on

by Isaiah Olive

Accenture

Stuck in financial debt loop of credit cards.

Personal Finance on

by Anise Lee

Stealth

Let's talk money habits.

Indian Startups on

by Anise Everett

Stealth

Startup Idea- Homeownership made easy!

Personal Finance on

by Jordon Nadeen

Stealth

How much wealth have you created yourself?

Personal Finance on

by Isaiah Nadeen

Amazon

DEBT 💸 TRAP 🪤 !

Personal Finance on

by Blair Lee

Perfios software

Cred - Credit score assessment

Personal Finance on

by Jordon Olive

L&T Technology Services Limited

#CreditCard

Personal Finance on

by Isaiah Dean

PhonePe

Why is a credit card needed?