How and when Current/Outstand. Balance is reported to CIBIL ?

33°
Deal Newbie
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Our outstanding balance and utilized limit varies daily for every card. So how banks calculates the O/S balance for reporting to CIBIL.

Do they calculate the average amount for the statement period OR they randomly chose a date and send that’s day amount for reporting to CIBIL?

Credit Utilization plays a major role in the score, so please share tricks and tips to keep it around 5-10% in the CIBIL Report.

@guest_999 @sourav4sg

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Afaik they send the info based on month end date.

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Its not updated regularly. Earlier banks used to update monthly. Now they take their own sweet time to update

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Depends on bank, in my case some bank report it at the end of month while some report around middle of the month.

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@kkrulesdnation @guest_999

So they don’t calculate the average and pick any random day/Month End and report that day O/S balance it to CIBIL?

So it’s all luck guys?

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Better to have good limit cards to keep utilisation low as much possible now cibil included 35% ratio in calculating score of utilisation

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