Amazon pay later affect on CIBIL
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Yes there will be effect on cibil score as more unsecured loans increase
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.
If you already have CC then not opting for APAY LATER is better. What good we got in it beyond CC.
If this is for Discounts, it’s not worth the effort. Better to go for Credit Card as suggested.
i have NIL CIBIL score, does purchase from amazon pay later and pay on time will increase my CIBIL score?
Please Help.
yes
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
It takes sometime I think.. not sure however..
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?
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.
I have forgot to close my icici paylater account . Time to close unnecessary unsecured loans .
it decrese the credit score .. dont opt for any such service.. just close them ASAP
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.
It does reflect as unsecured loan on cibil.