Credit card related issues in CIBIL score ?

POSTED BY Kirubakaran ON October 7, 2013 7:57 pm ONE COMMENT

Hi Geeks,

I have couple of queries related to Credit card EMI w.r.t CIBIL score.

1) If the credit card limit is 1lakh and utilizing upto 90 % in anyway decrease the credit score?

2) And I take 5 Credit card EMI in my credit card, Will this be accounted as normal loan and are there any chances of degrading CIBIL score?

Please throw some light on this.

Thanks,

Kirubakaran

One reply on this article “Credit card related issues in CIBIL score ?”

  1. ashalanshu says:

    Dear Kirubakaran, if that 90% limit utilization is a one time time affair, no Problem. if you are doing it regularly, it indicates that you nare credit hungry and it ‘ll impact your Credit score negatively.

    The EMI on CC ‘ll eat up your credit limit and hence the effect ‘ll be same as described above.

    Thanks

    Ashal

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