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Amazon pay later affect on CIBIL

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Deal Cadet
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I am thinking to activate Amazon pay later.will it affect my CIBIL score? 
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It does reflect as unsecured loan on cibil.

Deal Cadet Deal Cadet
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Yes there will be effect on cibil score as more unsecured loans increase

Deal Cadet Deal Cadet
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So should I go for it or
Not.as such I don’t need it but I read that maintaining a mix of loan accounts increase cibil.right now I only have credit card.

Deal Subedar Deal Subedar
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If you already have CC then not opting for APAY LATER is better. What good we got in it beyond CC.

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Deal Cadet Deal Cadet
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If this is for Discounts, it’s not worth the effort. Better to go for Credit Card as suggested.

Deal Cadet Deal Cadet
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i have NIL CIBIL score, does purchase from amazon pay later and pay on time will increase my CIBIL score?
Please Help. pensive

Deal Subedar Deal Subedar
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yes

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Deal Cadet Deal Cadet
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I have pay later and have purchased products within 10,000 limit, now i am paying before payment date, my only concern is how can i increase my cibil score, since amazon pay later has not reflect anything on my cibil score till now,

Any other ways to increase my CIBIL score?
Thanks

Pro Shopping Friend Pro Shopping Friend
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It takes sometime I think.. not sure however..

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Deal Newbie Deal Newbie
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I have a cibil score of 739.I want to increase that.Currently i dont have anyother loans or credit.Should i go for amazon pay later which helps me to increase the score or will it reduce again?

Deal Subedar Deal Subedar
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Take any secured credit card to increase your score.

Paylater is unsecured loan, so it will 1st affect CIBIL so u have to wait more.

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Deal Subedar Deal Subedar
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I have forgot to close my icici paylater account . Time to close unnecessary unsecured loans .

Generous Generous
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it decrese the credit score .. dont opt for any such service.. just close them ASAP

Deal Newbie Deal Newbie
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please don’t opt for it, after opting for this pay later, my CIBIL score gone down drastically even I am not using it, never use this kind of facility until unless it’s really useful for you. and you can see it inside your CIBIL report mentioning the company capital float which works with amazon as a loan vendor.

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