The Vibe Journal: Finance Blogs

To update personal information on your credit report, you can either request your lender to submit updated details (for simple changes like address or contact info) or raise a dispute with the credit bureau (like CIBIL) for incorrect data. Submit valid documents such as PAN, Aadhaar or passport for verification.  Your credit report isn’t just about loans and repayments—it also includes your personal …

Yes, paying rent and utility bills can boost your credit score—but only if those payments are reported to credit bureaus. When consistently paid on time and tracked through reporting platforms or credit cards, they strengthen your payment history, which is a key factor in improving your credit score.  If you’ve ever wondered does paying bills build credit, the short …

If your loan closed but still active in CIBIL, it usually means your lender hasn’t updated your repayment status with the credit bureau. This can impact your credit score and delay future approvals but the fix is straightforward: verify your report, raise a dispute and get the status corrected.  What to Do If the Loan is Closed but Not Updated in CIBIL?  If you notice a closed …

To remove payments from your credit report you should first look at the entries and see if it is updated correctly or wrong. If it is wrong, you need to report it to the credit bureau or the lender about it and give them proof. Post intimating them, you can ask the bureau to correct it or remove it as a goodwill gesture. If the late payment is real, it will stay on your credit report for …

Yes, increasing your credit limit can affect your credit score. In most cases, it can actually improve your credit score but there is a catch. The impact depends on how you use your credit card after the credit limit increases.  In terms a higher credit limit can lower your credit utilisation ratio, which is one of the most important factors in your CIBIL score. If you use your …

Yes, applying for multiple loans can hurt your CIBIL score but not always in the way most people think. Many borrowers assume that more applications simply mean better chances of approval. In reality, frequent loan applications can signal risk to lenders and impact your creditworthiness.  If you’ve ever wondered how do multiple inquiries affect credit score, this guide breaks it down in a simple, …

If you see something on your credit report that you do not know about, it can be really scary. Someone checking your credit without your permission can be a mistake or it can be something very bad like someone trying to steal your identity. You should not ignore this activity because it can cause you a lot of trouble.  In India, banks and other lenders …

If you’re wondering ‘why my CIBIL score is decreasing’ or ‘why my credit score is decreasing’, the answer is simple; your score doesn’t drop randomly. It usually happens due to changes in your credit behavior like high usage, missed payments, multiple loan applications, or even errors in your credit report. Even if it feels like my credit score dropped for no reason, there is always …

Yes. Using 100% of your credit card limit can negatively impact your credit score. It signals to lenders that you may be over-dependent on credit, which increases your perceived risk even if you pay your bill on time.  What is Credit Utilisation?  The Credit Utilisation ratio is the amount of Credit Utilisation you are using compared to the amount of Credit Utilisation available to you. …

Struggling to keep up with EMIs due to changing financial circumstances? We understand that sometimes the situation doesn’t favour. Many borrowers today choose to extend loan tenure to reduce monthly burden and stay financially stable without missing payments or hurting their credit profile.  Let’s understand how and when to consider extending your loan tenure.  When Should You Consider Extending Your …