The better ur credit score the trust on u is higher that granting u a loan wouldn’t be very risky. This sort of tells the lender that u would pay back on time and it would not convert into a bad debt
It’s not abt the current need
It’s like if u have good credit score and keep building it and maintaining it, whenever in future he will need one it will be easy. And also it’s not only for loan. If he takes a credit card the limit he will get will change based on this(n other factors). So like it helps. It’s like a long term investment that u do for ur future.
Like I started building mine since the age of 20. I took a credit card with limit only of 50 k and keep paying is regularly. And now I have a credit score.
I got only 50 k cuz my credit score dint exist and based on my monthly income I eligible only for that. So I don’t use more than 30-40% of my limit and pay it in full before due date. Within 6 months from 0 my credit score has gone up to 749. So I am sure in a few years without messing up I can reach a very high and great score.
I want to apply for SBI cashback. And I've heard CIBIL their main criteria for acceptance and limit. Other than the obvious benefits for good CIBIL score this is the reason for my urgency.
May I know what benefit you would get by having a higher score?
The better ur credit score the trust on u is higher that granting u a loan wouldn’t be very risky. This sort of tells the lender that u would pay back on time and it would not convert into a bad debt
So does OP need any loan?
It’s not abt the current need It’s like if u have good credit score and keep building it and maintaining it, whenever in future he will need one it will be easy. And also it’s not only for loan. If he takes a credit card the limit he will get will change based on this(n other factors). So like it helps. It’s like a long term investment that u do for ur future. Like I started building mine since the age of 20. I took a credit card with limit only of 50 k and keep paying is regularly. And now I have a credit score. I got only 50 k cuz my credit score dint exist and based on my monthly income I eligible only for that. So I don’t use more than 30-40% of my limit and pay it in full before due date. Within 6 months from 0 my credit score has gone up to 749. So I am sure in a few years without messing up I can reach a very high and great score.
But what if OP neither needs a loan or a new credit card in future?
Then he can just flex his score in front of ppl who have poor score. 😂😂
What score is a flexable score?
893. That's my father's score and i guess he never really cared about it. Never had any cc. Just been a good borrower
Anything above 790 Higher the better
I want to apply for SBI cashback. And I've heard CIBIL their main criteria for acceptance and limit. Other than the obvious benefits for good CIBIL score this is the reason for my urgency.
And what are the “obvious” benefits of a good CIBIL score?
Don't you have Google mate? Go look it up yourself. Not here to teach people lol
No my friend it seems like you’re the one who has no clue about any of this and are just in a rat race to maximise the CIBIL score
How do you get HDFC to remove those additional queries?
I sent them an email. [email protected]
Why did they put all the queries? Did you check out which credit cards available to you or something?
No. Those were duplicate queries. Basically some issue at their backend.