Hot Deal 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? 

21 Comments  |  
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It does reflect as unsecured loan on cibil.

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

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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.

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tuckless wrote:

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.

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tuckless wrote:

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.

Don’t go for it bro. No use if you already have a credit card.

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

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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

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vaibhav100 wrote:

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

yes

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vaibhav100 wrote:

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

You won’t get pay later if you don’t have Experian score in the first place.

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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

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vaibhav100 wrote:

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..

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vaibhav100 wrote:

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

To improve credit score it usually takes anywhere from 4-12 months depending on your individual situation

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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?

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ranjithofficials560 wrote:

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.

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

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rohit_agarwal wrote:

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.

Secured Credit Card is also unsecured loan.

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

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vaibhav100 wrote:

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

Same happened with me

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_One_Miller_ wrote:

Secured Credit Card is also unsecured loan.

No, secured credit cards help improve your credit score. Its not an unsecured loan.

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solarisx21 wrote:

No, secured credit cards help improve your credit score. Its not an unsecured loan.

According to CIBIL, it’s unsecured only. Check your CIBIL & Experian Report carefully.

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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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