NexaClick – Personal Finance for Beginners

CIBIL Myths Most Indians Still Believe

Common CIBIL myths most Indians still believe about credit score
CIBIL Myths Most Indians Still Believe


Introduction

India me CIBIL score ko lekar bahut zyada myths fail chuke hain.
Log dost, relatives, YouTube comments ya WhatsApp se aadhi-adhuri jaankari le kar decisions bana lete hain — aur phir loan reject hone par surprise hota hai.

Truth ye hai ki:

  • CIBIL score ko lekar kaafi galatfahmiyan hain

  • Ye myths aapke financial future ko nuksaan pahucha sakte hain

  • Real rules myths se kaafi alag hote hain

Is article me hum sabse common CIBIL myths ko todhenge aur actual facts simple language me samjhenge — especially Indian borrowers ke liye.

Myth 1: Sirf CIBIL Score Hi Matter Karta Hai

Bahut log maante hain:

“Bas CIBIL score achha ho, loan mil hi jayega”

❌ Reality:

  • CIBIL ke alawa bhi credit bureaus hote hain

  • Kabhi-kabhi bank dusre bureau ka data bhi check karta hai

👉 Isliye sirf ek number par depend karna risky hota hai.

Myth 2: CIBIL Score Check Karne Se Score Gir Jata Hai

Ye India ka sabse popular myth hai 😅

❌ Reality:

Score tab girta hai jab:

  • Bank ya NBFC loan / card ke liye hard enquiry karta hai

👉 Isliye apna score check karna safe aur recommended hai.

Myth 3: Zyada Income = Achha CIBIL Score

Log sochte hain:

“Salary achhi hai toh score bhi achha hoga”

❌ Reality:

  • Income ka direct role nahi hota

  • CIBIL score sirf credit behaviour par based hota hai

Agar:

  • EMI late hai

  • Credit card limit max out hai

Toh high income bhi score nahi bacha paati.

Myth 4: Credit Card Use Karna CIBIL Ko Kharab Karta Hai

Is myth ki wajah se log credit card lene se darte hain.

❌ Reality:

  • Credit card galat use karna score ko kharab karta hai

  • Sahi use karna score ko strong banata hai

Correct use:

  • Time par full payment

  • 30% se neeche utilization

Galat use:

  • Minimum due habit

  • High utilization

Myth 5: Minimum Due Pay Karna Kaafi Hai

Bahut log sochte hain:

“Minimum due pay kar diya toh safe ho gaye”

❌ Reality:

  • Late payment mark nahi lagta ✔

  • Lekin:

    • Interest zyada

    • Credit utilization high

    • Score growth slow

👉 Long-term me ye habit CIBIL ko weak banati hai.

Myth 6: One Late Payment CIBIL Score Destroy Kar Deta Hai

Log panic kar jaate hain ek late payment ke baad.

❌ Reality:

  • Ek late payment permanent damage nahi hota

  • Lekin:

    • Repeated late payments dangerous hote hain

    • Consistency matter karti hai

Score:

  • Time ke saath recover ho sakta hai

  • Agar aage payments perfect rahein

Myth 7: Old Credit Card Band Karna Achha Hota Hai

Common thinking:

“Use nahi karta, band kar deta hoon”

❌ Reality:

  • Old cards:

    • Credit age badhate hain

    • Total credit limit strong rakhte hain

Card band karne se:

  • Credit age kam hoti hai

  • Utilization ratio bigad sakta hai

👉 Old cards CIBIL ke liye positive hote hain.

Myth 8: Loan Settlement Karne Se Score Improve Ho Jata Hai

Log settlement ko shortcut samajhte hain ❌

❌ Reality:

  • Settlement = negative remark

  • Ye entry:

    • Years tak report me rehti hai

    • Future loans me problem karti hai

Settlement ≠ Pre-closure
Ye dono bilkul alag cheezein hain.

Myth 9: CIBIL Score Raat-Overnight Improve Ho Jata Hai

Bahut log expect karte hain:

“Is month sab sahi kar liya, next week score badh jana chahiye”

❌ Reality:

  • CIBIL score slow process hai

  • Improvement me:

    • 30–90 days lagte hain

    • Kabhi-kabhi zyada time bhi

👉 Patience + discipline zaroori hai.

Myth 10: No Credit History Matlab Bad CIBIL Score

Beginners sochte hain:

“Mera score hi nahi hai, matlab main risky hoon”

❌ Reality:

  • No credit history = neutral

  • Aapne abhi credit use hi nahi kiya

Agar sahi start kiya jaye:

  • Score clean tarike se build hota hai

  • Future strong ban sakta hai

Why Believing in CIBIL Myths Is Dangerous

Myths follow karne se:

  • Galat financial decisions hote hain

  • Loan rejections badhte hain

  • Score unnecessary damage hota hai

Truth samajhne se:

  • Smart credit usage hota hai

  • Long-term financial freedom milti hai

Conclusion

CIBIL score koi mystery nahi hai —
sirf misinformation ne ise confusing bana diya hai.

Agar aap:

  • Myths ignore karte ho

  • Facts follow karte ho

  • Credit ko responsibly use karte ho

toh aap strong CIBIL score easily maintain kar sakte ho.

👉 Golden rule:
Jo log CIBIL ko samajhte hain, wahi credit ko control karte hain.