Check CIBIL Score formula & learn how does it calculated.
Now, This is the Ratio, that our Credit Score comes from and has an Impact on Gaining and Losing Credit Score in Points.
1. PAYMENT HISTORY-
This is the Most Important Factor, Now see the Parameter/Table
Now, You Can ADD THE POINTS - Eg-
1. If you have just recently paid like 0-4 months then add 15-25 Points.
2. If there is no delay in payment then add 85-95 Points
3. No Bankruptcy - Add 75-85 Points
Now, See even if you don't pay the bank/NBFC then also you will get a score but see the points gap,
2. DEBT BURDEN/CREDIT UTILIZATION-
Now, See if you don't have any burden then also point score will be less or even if you have heavy debt burden then marks will be deducted or less score. So, I will add 20-29% which is 145-155 points along with previous points.
3. LENGTH OF CREDIT HISTORY-
The most important thing look at the points in increasing order along with years,so better to keep our old products active.
Add No.of Months like which is the longest credit report product for you mine is in 12-23 months, so I will add 105-115 points with the previous one. (It can be seen in the cibil report or directly in OneScore App)
4.RECENT SEARCHES FOR CREDIT/CREDIT ENQUIRIES-
Now, See How Many Enquiries have you made in CIBIL in the Last 6 Months that also impact, Add this previous one.
5. TYPES OF CREDIT/MIXTURE OF CREDIT ACCOUNTS-
It is always healthy if you have a mixture of Loans like Credit Card, Personal loans, Home loans, etc. Now, see the table
NOW, ADD All those Five Things and final outcome would be your expected Credit Score,offcourse it would be not accurate but it's 90-95% Accurate.This Formula has been applied to 20 Different People and the Results were +/-20 Points are here and there.
Try and comment.
Finance
also read How to check CIBIL Score free online ?
6
Good one 
In Your CIBIL Report, See the Account Like If there are 2 credit cards from 2 different banks, then also credit account will be considered as 1, so add a loan account then your mixture of accounts will be 2.
1- VEHICLE LOAN
1- PERSONAL LOAN
Your account lies in Mixture of 2 different loan accounts.
credit mix makes ur credit score increase easily n dont close old ccs it wil effect score
If old card is upgraded then it will be treated as new or old credit?
OK, so I need to add 2/3 new CCs… that’s it.
whats the score of Nirav Modi ?
interesting
Can someone explain me debt burden? If I have 6 cards and I use one card majorly and its limit is also minimum … Like 30k and I utilise 25k and for rest cards I hardly use 5% …. Then debt will be calculated on overall limit(sum of all cards limit) or per card?
Cibil scores are scam, if you use credit card to max use they reduce your rating.
If you dont have any credits going they reduce your ratings.
You pay your loans early they deduct 80-100 points... Its all sham thats why two methods dont give same output
I have 650 rating in experian and 850 rating in CRIF
No transection will increase score?
Op from where u got this info?
What needs to be done to get 800+? My CIBIL got reset a few months back. Don’t know how it happened. On-time payments are showing 7/7 in CIBIL, though account age is showing as 11 years because of CC and few loan accounts are 1+ years old.
Experian shows 140+payments!!
Contact CIBIL on Twitter and ask them
i am poor in understanding these kind of concept…..
please someone help me : (
also i want to increase the cibil score….currently it is only 750
do you have credit cards/loans?
Dont know about the formula but my cibil just jumped several point finally after a year.
like the sounding of that
How to save above info as single pdf
tmhari fav shraddha h ya cibil?
Good morning
Amazing info
Wondering why this formula not working after using dhani one freedom card.🧐
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