should we go for lazypay card? Already a lazypay user

183°
Hunk
Baaap

Coz it’s a paylater service and heard lot of negative remarks how this companies badly effect our credit score while the offers are tempting but can’t put credit score on stake

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Genius Genius
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If you have already completed KYC then the loan is already present in your scores. And just pay your bill on time there will be no effect on your credit scores.

Deal Captain Deal Captain
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You should go As your details already with them as well as credit report

Hunk Hunk
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@MrFreak @sauravDD but in lazypay hot deal thread many are commenting there’ll be one more account opening from card issuing bank as personal loan

Genius Genius
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Baaap wrote:

@MrFreak @sauravDD but in lazypay hot deal thread many are commenting there’ll be one more account opening from card issuing bank as personal loan

It is a prepaid card just Ola offer one.
How can they add 2 loan entries if they are offering only one loan amount.

Deal Cadet Deal Cadet
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Nothing like that. I have a lazypay account with credit limit as 2K but never given my PAN card. When asking to do Lazypay UPI,its asking Aadhar Number etc. which i skipped.Still using for basic needs.

Deal Cadet Deal Cadet
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MrFreak wrote:

If you are an existing user then the loan is already present in your scores. And just pay your bill on time there will be no effect on your credit scores.

Nothing like that. I have a lazypay account with credit limit as 2K but never given my PAN card. When asking to do Lazypay UPI,its asking Aadhar Number etc. which i skipped.Still using for basic needs.

Bases on SMS Transaction,they still provide credit limit. Normally i omit companies which asks for PAN like cred,slice etc (except for Bank Credit Card),even if they give lucrative offers.

Hunk Hunk
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MrFreak wrote:

It is a prepaid card just Ola offer one.
How can they add 2 loan entries if they are offering only one loan amount.

You can check that thread, dimers are informing they also got increased limit from 4 figure to 5 figure, so in that case if there’s no another account opening then also 5 figure personal loan is not friendly for credit score, personal loans are more harmful for credit records

Chennai Super Kings Chennai Super Kings
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Baaap wrote:

@MrFreak @sauravDD but in lazypay hot deal thread many are commenting there’ll be one more account opening from card issuing bank as personal loan

It says in the lazypay app that only 1 account will be reported to cibil adn that will include both your card and lazypay. If you are already using lazypay with kyc then go ahead and get the card , no issues.

Hunk Hunk
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vasanth_ece wrote:

Nothing like that. I have a lazypay account with credit limit as 2K but never given my PAN card. When asking to do Lazypay UPI,its asking Aadhar Number etc. which i skipped.Still using for basic needs.

How you are able to use credit line without KYC surprising isn’t it?

Genius Genius
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vasanth_ece wrote:

Nothing like that. I have a lazypay account with credit limit as 2K but never given my PAN card. When asking to do Lazypay UPI,its asking Aadhar Number etc. which i skipped.Still using for basic needs.

Bases on SMS Transaction,they still provide credit limit. Normally i omit companies which asks for PAN like cred,slice etc (except for Bank Credit Card),even if they give lucrative offers.

LazyPay with kyc was my assumption. My bad.

Hunk Hunk
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Baaap wrote:

You can check that thread, dimers are informing they also got increased limit from 4 figure to 5 figure, so in that case if there’s no another account opening then also 5 figure personal loan is not friendly for credit score, personal loans are more harmful for credit records

@Tanmayyy

Chennai Super Kings Chennai Super Kings
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Baaap wrote:

@Tanmayyy

That’s a different issue/question in itself. Not everyone is getting their limit increased + the op wanted to know if lazypay card is reported as another account.

Hunk Hunk
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neehesh wrote:


https://cdn0.desidime.com/attachments/photos/726366/medium/IMG_20211203_225031.jpg?1638791283

This is tricky already lazypay is reported in credit score as personal loan now card will be reported separately… so it’s addition of card which will not be shown as personal loan but card in short second time reporting what say?

Deal Lieutenant Deal Lieutenant
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Baaap wrote:

How you are able to use credit line without KYC surprising isn’t it?

simpl and lazypay gave basic credit 2k-5k limit when launched few years ago. Its working like thisonly from then. just login to web and pay bill. If you go with app, it will ask for kyc

Hunk Hunk
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bohemian wrote:

simpl and lazypay gave basic credit 2k-5k limit when launched few years ago. Its working like thisonly from then. just login to web and pay bill. If you go with app, it will ask for kyc

Without app login how you use upi?

Hunk Hunk
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bohemian wrote:

no upi

Lucky you didn’t went for full service, when I applied in early stage for this service was unaware that it’ll show in credit report rage

Deal Cadet Deal Cadet
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bohemian wrote:

no upi

Yes,you can’t use their upi without kyc.But you can access other feature with a meagre credit limit like 500,1500 etc.

If you use upi you need to complete full kyc but you will have increase credit limit.Use bank cards if you want more credit limit.

Use these apps without providing PAN or min KYC (without aadhar or pan),if possible.Even i never used cred since it’s asking pan.

I am using simpl,lazypay like that only.I will immediately pay once I send to avoid any hassles with these apps.

Hunk Hunk
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@aneelg did you applied after knowing it’ll do hard enquiry? @chaithu.new3419 did you able to close paylater service successfully, are you lazypay user and did you proceed for this lucrative offer? @sauravDD did you applied was there a separate cibil inquiry?

Deal Captain Deal Captain
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No separate enquiry as of now

Deal Cadet Deal Cadet
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Baaap wrote:

@aneelg did you applied after knowing it’ll do hard enquiry? @chaithu.new3419 did you able to close paylater service successfully, are you lazypay user and did you proceed for this lucrative offer? @sauravDD did you applied was there a separate cibil inquiry?

I didn’t apply it after knowing it as hard enquiry.

Deal Cadet Deal Cadet
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vasanth_ece wrote:

Nothing like that. I have a lazypay account with credit limit as 2K but never given my PAN card. When asking to do Lazypay UPI,its asking Aadhar Number etc. which i skipped.Still using for basic needs.

Bases on SMS Transaction,they still provide credit limit. Normally i omit companies which asks for PAN like cred,slice etc (except for Bank Credit Card),even if they give lucrative offers.

Has ur credit limit increased from 2000 now ?

Deal Cadet Deal Cadet
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vasanth_ece wrote:

Nothing like that. I have a lazypay account with credit limit as 2K but never given my PAN card. When asking to do Lazypay UPI,its asking Aadhar Number etc. which i skipped.Still using for basic needs.

Bases on SMS Transaction,they still provide credit limit. Normally i omit companies which asks for PAN like cred,slice etc (except for Bank Credit Card),even if they give lucrative offers.

Has ur credit limit increased from 2000 now ?

Deal Newbie Deal Newbie
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BeUnique wrote:

Has ur credit limit increased from 2000 now ?

It’s there 1500 before now it’s 2k.but i use only for offers

Deal Cadet Deal Cadet
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abinayajc90770 wrote:

It’s there 1500 before now it’s 2k.but i use only for offers

I just registered on lpay without kyc and they gave me only 400. Don’t know what they are smelling. Even for Simpl i get 1500, but 400₹ is sheer bullshit

Deal Newbie Deal Newbie
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I have Lazycard and they increased the limit from ₹3100 to ₹1,20,000 as soon I completed KYC for lazycard. I don’t have Lazyplus UPI feature. Does anyone got UPI option after getting lazycard?

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