Low CIBIL Score - Loans ?

Hello Everyone,

LOW CIBIL SCORE - LOANS ?

Thanks a Million to all who is reading my 1st Post spending your valuable time in this pandemic situation.

Hope all fine And Safe !  Well This blog is mainly created to post topics regarding personal experience it could be a Financial, Review of an APP or an Article of any topics which you specifically request.

Well in this Blog Titled "MuyarchiSei" means " Do Try" might give you a little motivation and confidence those who were in Low Cibil Score 

or Credit Card Defaulter (Unfortunately Unable to Pay the Dues).

Few Years earlier from now My Cousin who is the one working in an MNC now was hiding himself for Credit card collections calls from the banks because of his unplanned usage and repayment failure.

     Unfortunately, He forced to sell his land and about to settle down those debts on Credit Card Personal Loan Etc.  And the Banks and Financial institutions all were Promised 100% and said You will never ever get loan or Credit Card from any Bank. 

     My Cousin Said ' aha let see I will try my best in future'  Like he said he started trying to apply for Loans and credit Cards again post a year after those settlements but for 12 Months his duty was to take a print of 3 Months Payslip , 6Months Bank statements Id proofs and so on and spend 200 bucks on and average every month but the result as the banker said NO only. 

However, he never lose his confidence and keep on trying at last after 15months he got a Loan of 1.5 Lakhs from a Reputed Bank through one Financial consultancy in chennai that made possible after showing his Bank statement saying the proper good amount of Balance Maintenance.     But Again he got Big NO for credit card approvals.

     After that loan he was paying those due properly to show up the good Cibil score

    After showing the proper track record of the recent loan also he got rejection notice only for further Loans but he never lost his confidence and tried to keep writing emails to the Bankers to make them confidence that this individual have the proper earning potentials to repay the loan and at last he got another good amount Loan😄 That the big achievement where the financial rejects to Loan offers he turned up and at last he got approval of credit cards as well.  

  If You are affected due to the poor credit history and some one say you are not at all eligible to any kind of Loans just don't worry keep trying to Increase your credit score by ways of

1. PrePaid Credit cards available in major banks like ICICI, HDFC and few other nationalised banks also.  For this Card you need to deposit some Minimum amount as per bank so for that amount you get a credit card limit upto 80 to 85% so you can access to use the amount and repay properly were the bank make this track update to CIBIL so down the line 15 Months you get huge chances of applying another loan if you need.

2. If You have any EMI running currently which you bought it like Bajaj Finance EMI Card or something pay those properly on time without a single miss which improves again a part of credit status.

3. After those 2 points 15 to 18 Months you need to check out for a good financial consultancy who can push your Loan request and get successfull approval.

Thats All Nothing is Impossible !!!  With is Thanks again for Reading stay tuned I will come up with another good read for you. 

Please do not forget to share your comments because that is my first step of success 👍

Stay Healthy and Wealthy ! Stay Safe!