Unused credit cards impact your credit score!

The CIBIL CIR captures details on all the credit facilities that one has availed like home loan,auto loan,credit cards etc.Details of unused credit cards,like that date if opening and credit limit will also reflect in the "Accounts" section of the CIR and have an impact on the credit score.

Credit Utilization and trade attributes such as the age of the credit account,type of credit,mix or balance of credit instruments etc. impact your credit score. However, unused credit cards will not drastically impact your credit score if you have been regular at payment on all your other credit accounts, along with these credit cards in the past.

In fact,if you have been regularly paying your EMIs on all the credit facilities availed by you and still have unused credit cards showing on you CIR, it will provide a positive indication of your financial security.You must keep in mind some basic facts on credit cards for managing them prudently and using them to your benefit for building a good credit score.Following points will help you:

* Credit cards are unsecured form of credit.if you have been using the credit card for over a year and have been regular on payments, you have actually built a good credit history on your CIR and ultimately a good credit score. This will provide the lender with additional confidence on you repayment capability as you have shown a disciplined track record on an unsecured form of credit.

* It is also advisable not to apply for too many credit cards.If you have made applications for credit cards, this will reflect in the "Enquiry" section of your CIR and will negatively impact your credit score.

* However,once you have availed a credit card, it is advisable to keep it for at least 12 months before closing it. The velocity of "opening" and "closing" a credit card account reflects on your CIR and credit score and impacts the lenders assessment of your credit management capacity. 12 months of history on the credit card, whether used or unused, is good enough for a lender to assess your financial standing and repayment capacity.

* Please remember though that it is important to be careful and keep a track of your credit cards regularly. Even though the credit cards have been lying unused, you must ensure that they are kept securely and all the terms and conditions on the credit card account are adhered to.You may not like to have surprises in the form of penalties or additional charges that have been levied on the credit card accounts.It is also advisable to access and review your credit score and CIR frequently, as it will give you a detail status of all your credit accounts, which will help you manage them better.

Save Tigers! Save Wildlife!!!

Dear Tiger Lovers,


Tigers are on the threshold of extinction. According to WWF, Tigers are amongst the ten most endangered species in the world. Over the last century more than 95% of the Tiger population has been wiped out & three sub-species are already extinct. Less than 3500 tigers remain in the wild today with around 50% in India & their numbers are declining fast. As you also seen in Aircel Mobile Service provider co. are working on 'Save Tigers in India' campaign. According to them only 1415 tigers are left till date.


As you aware about the situation about Indian Tigers which they are struggling for their own identity. If we will not save them, we will lose this beautiful animal till 2020. As Tiger is an important part of 'food-chain’. If this food-chain will break then it will harmful for Wildlife food-chain balance.


Initial results from the Wildlife Institute of India Tiger census (released on 24 May 2007) are warning that India has far fewer tigers living than had been previously thought. As you people might have seen the program released on BBC, NAT GEO & Discovery Channel.


As many people think that these animals are attacking on human life but man has to rethink on it. Because animals don’t like to live near to man; but man is going near to them as Globalization, residential growth we people are destroying the jungles. Therefore tigers-leopards are attacking on human residential areas.


We people can do by blogging; through Save Tiger Campaign we can spread awareness among the people who are not aware about this.


I hope so, we will do much better than we expected and we will be part of saving this beautiful creature.