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Sanjeev

Sanjeev Govila  | Answer  |Ask -

Financial Planner - Answered on Sep 23, 2023

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more
Asked by Anonymous - Sep 22, 2023Hindi
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🙏 dear sir my name manoj kumar, Credit/cibil score is not showing.. What is the Reason, please help,

Ans: Please contact the service provider you have chosen to view your credit score.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam

Ramalingam Kalirajan  |9854 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 21, 2024

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Hi I have taken credit card year before and ihave not clear the outstanding amount for 3years now it's effectedto my cibil score and if I clear the outstanding amount my cibil will increase or not . If I need to close with out effect to my cibil score what need to do .
Ans: You have an outstanding credit card debt that hasn't been cleared for three years. This has negatively impacted your CIBIL score, and you are concerned about how clearing the debt might affect your score.

Impact of Clearing the Outstanding Amount on CIBIL Score
Positive Impact: Clearing the outstanding amount will positively impact your CIBIL score over time. Your credit score improves when you settle debts, demonstrating responsible financial behavior to lenders.

Time Frame for Improvement: While clearing the debt will help, it may take a few months for your CIBIL score to reflect the improvement. Consistent, timely payments in the future will further boost your score.

Steps to Close the Credit Card Without Further Impact on CIBIL Score
Negotiate a Settlement: Contact the bank and negotiate a settlement for a lower amount. Ensure that the settlement is reported as "Paid in Full" rather than "Settled," as "Settled" can negatively affect your CIBIL score.

Full Payment: If possible, pay the full outstanding amount. This will ensure the account is closed cleanly and positively influence your CIBIL score.

Obtain a No Dues Certificate: After clearing the outstanding amount, request a No Dues Certificate from the bank. This document serves as proof that your account is fully settled.

Check Your CIBIL Report: After settling the debt, regularly check your CIBIL report to ensure the payment is reflected correctly. If there are discrepancies, raise a dispute with CIBIL.

Maintaining and Improving Your CIBIL Score
Timely Payments: Make sure to pay all future credit card bills and loan EMIs on time. This is crucial for maintaining and improving your CIBIL score.

Limit Credit Utilization: Keep your credit card utilization below 30% of the credit limit. High utilization can negatively affect your score.

Diversify Credit: Having a mix of secured (like home loans) and unsecured credit (like credit cards) can positively impact your score.

Monitor Your Credit: Regularly monitor your CIBIL score and report. This will help you stay informed about your credit health and take corrective measures if necessary.

Final Insights
Clearing your outstanding credit card debt is the first step towards improving your CIBIL score. While it might take some time for your score to reflect this improvement, consistent and responsible financial behavior will ensure a positive impact. Negotiating a settlement or paying the full amount, obtaining a No Dues Certificate, and monitoring your CIBIL report are key steps to closing the credit card account without further negative impact.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |9854 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 10, 2024

Asked by Anonymous - Jun 17, 2024Hindi
Money
I took loan and gave him rs.3 lacs. He didn't pay me back. Now, the loan came for settlement and I am clearing it month on month after speaking with the collection team. Current situation I am not able apply for any loan and even not able to purchase a mobile for myself in EMI. How should I get my cibil scores corrected and get eligible for loans
Ans: I'm sorry to hear about your situation. Let's look at how you can improve your CIBIL score and become eligible for loans again.

Understanding Your Current Situation
You’ve done a commendable job by managing the loan repayments diligently. Your awareness of your financial standing is the first step towards improvement.

Loan Given: Rs 3 lakhs
Repayment Issue: Affecting CIBIL score
Current Loan: Settling month on month
Financial Impact: Not eligible for new loans or EMIs
Analyzing the Impact on Your CIBIL Score
Your CIBIL score reflects your creditworthiness. Missed or delayed payments can negatively impact it. Let's assess the key areas affecting your score:

Loan Default
Defaulting on a loan severely impacts your CIBIL score. Lenders view this as a high-risk behavior.

Repayment History
Timely repayments are crucial for a healthy CIBIL score. Even one missed payment can lower your score significantly.

Credit Utilization
High credit utilization ratio can lower your score. It indicates that you are overly reliant on credit.

Steps to Improve Your CIBIL Score
Improving your CIBIL score requires a strategic approach and disciplined financial behavior. Here’s a detailed plan:

Regularize Loan Repayments
Continue clearing the outstanding loan amount. Speak with your lender to negotiate better repayment terms if needed.

Clear Outstanding Debts
If you have other outstanding debts, prioritize clearing them. Reducing your debt burden improves your credit score.

Timely Payments
Ensure timely payment of all EMIs and credit card bills. Set up reminders or automate payments to avoid missed deadlines.

Strategies to Rebuild Your Credit Score
Rebuilding your credit score will take time and consistent effort. Here’s how you can go about it:

Obtain Your CIBIL Report
Get a copy of your CIBIL report to understand your current score and the factors affecting it. Look for any discrepancies and get them corrected.

Avoid New Credit Applications
Refrain from applying for new credit cards or loans while rebuilding your score. Multiple inquiries can further lower your score.

Maintain Low Credit Utilization
Keep your credit card utilization below 30% of the limit. High utilization signals financial distress.

Use a Secured Credit Card
Consider using a secured credit card. It’s backed by a fixed deposit and helps rebuild credit without the risk of overspending.

Benefits of Timely Loan Repayments
Timely loan repayments have multiple benefits beyond improving your CIBIL score. Let’s explore:

Improved Creditworthiness
Consistent repayments show financial responsibility, making you a desirable candidate for future loans.

Access to Better Loan Terms
A good CIBIL score can help you secure loans at better interest rates and terms.

Importance of Credit Mix
A healthy credit mix includes both secured and unsecured loans. This diversification can positively impact your CIBIL score.

Secured Loans
Loans backed by collateral like home or auto loans. They are seen as less risky by lenders.

Unsecured Loans
Loans without collateral like personal loans and credit cards. They carry higher interest rates and risk.

Disadvantages of Direct Funds
Direct funds require active management and market knowledge. Investing through a Mutual Fund Distributor (MFD) with a Certified Financial Planner (CFP) ensures professional management.

Market Volatility
Direct funds expose you to market volatility. Professional management can help navigate these fluctuations better.

Time and Expertise
Managing direct funds requires time and expertise. Professional advisors can provide insights and strategies tailored to your goals.

Advantages of Regular Funds
Investing in regular funds through an MFD with CFP credential provides multiple benefits:

Professional Management
Funds are managed by experts with deep market knowledge. They can make informed decisions on your behalf.

Regular Monitoring
Professional managers regularly monitor and adjust the portfolio to align with market conditions and your financial goals.

Final Insights
Improving your CIBIL score is a gradual process that requires consistent effort and financial discipline. By regularizing your loan repayments, maintaining a low credit utilization ratio, and seeking professional financial advice, you can rebuild your creditworthiness and become eligible for loans again.

Remember, patience and persistence are key. Stay committed to your financial goals and make informed decisions to secure a better financial future.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Latest Questions
Nayagam P

Nayagam P P  |9487 Answers  |Ask -

Career Counsellor - Answered on Jul 27, 2025

Career
What would be a better option for Mechanical Engineering: Gati Shakti Vishwavidyalaya, Vadodara or Chandigarh College of Engineering and Technology, Sector 26, Chandigarh? Does Gati Shakti Vishwavidyalaya have an edge here considering the fact that is a Central University and the only one under Ministry of Railways?
Ans: Gati Shakti Vishwavidyalaya (GSV) is India’s first University under the Ministry of Railways, offering B.Tech in Mechanical Engineering (Rail Engineering) with specialized courses in rail-wheel dynamics, high-speed rail systems, electric traction, rolling stock interactions, and material characterization. Its Career Development Cell reports a 94.44% placement rate for Mechanical Engineering in 2024–25, with 92.5% of all graduates placed, multiple PPOs, and dual offers from recruiters such as L&T, ALSTOM, Siemens, Toyota Tsusho, and Mahindra Logistics. GSV’s academic environment emphasizes industry-driven curriculum, hands-on projects at railway sites, emerging tech labs (IoT, AI, Drone), and research collaborations with global institutions, fostering strong technical and interdisciplinary skills. Student support includes structured training, personalized mentoring, and incubation for rail-sector entrepreneurship, though alumni networks are nascent given the university’s recent establishment.

Chandigarh College of Engineering and Technology (CCET) is a well-established public institution affiliated with Panjab University, ranked 251–300 under NIRF Engineering 2024 and #59 in Outlook’s private engineering category. Its Mechanical Engineering department, since 2006, maintains state-funded labs, DST-sponsored activities, and ASME student chapters, with 60 seats and faculty experienced in CAD/CAM, sustainable design, and thermal systems. Placements for Mechanical Engineering average 60%–65% over the past three years, with median packages around ?4 LPA and top recruiters including TCS, Wipro, and Infosys, though core mechanical roles are limited, pushing many graduates into IT or non-core sectors. CCET’s research output spans government-sponsored projects, consultancy, and industry partnerships, and student support features counseling, scholarships, and vibrant campus life, yet deep rail-infrastructure synergy is absent.

Given GSV’s exceptional placement rates in Mechanical Engineering (94.44% vs. ~60% at CCET), its specialized rail-engineering curriculum, direct Ministry of Railways linkage, and immersive industry partnerships, Gati Shakti Vishwavidyalaya offers superior value for aspiring mechanical engineers seeking core industry exposure and strong placement prospects.

Recommendation: Enroll at Gati Shakti Vishwavidyalaya for Mechanical Engineering to leverage its unique status as a Central University under the Ministry of Railways, specialized curriculum, 94.44% placement rate, and robust industry connections in transportation and logistics, ensuring focused skill development and high employability. Anyway, please note, All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |9487 Answers  |Ask -

Career Counsellor - Answered on Jul 27, 2025

Nayagam P

Nayagam P P  |9487 Answers  |Ask -

Career Counsellor - Answered on Jul 27, 2025

Career
I wanted career advice i am student of 2 year ba llb (BBDU) and i not satisfied with my college should i take a drop and prepare for exam like clat , ailet, mhcet and other govt exam or should i continue with my college i have good academic records of 70%in 10 and 87% in 12 and 8.7 cgpa in 1 semester and 2 semester result is awaited i am really confused what path should i choose as 1 generation law student of my family i have really doubt this college foes not have very records and very bad or no placement and no internship as of i know right now for ballb
Ans: Kavita, Babu Banarasi Das University’s (BBDU) BA LLB program in Lucknow features modern infrastructure, supportive and experienced faculty, and a curriculum covering both theoretical and practical legal aspects, including moot courts and legal research. However, verified student reviews, professional portals, and college data consistently reflect significant shortcomings in career support for law graduates: law placement percentages remain low, with a substantial proportion of students moving towards private practice, judicial services preparation, or higher studies due to lack of substantial campus recruitment from law firms or legal companies. While BBDU’s placement cell performs well overall, opportunities are primarily for technical and management programs rather than law, with only scant on-campus internships or legal placements. The college website highlights guest lectures and conferences but does not report regular, quality placements for BA LLB students. Industry opinion and academic trends confirm that India’s most successful law graduates—particularly first-generation aspirants—are from top-ranked National Law Universities (NLUs) and renowned government law colleges (admission via CLAT, AILET, MH CET LAW), where structured internships with premier law firms, judges, and companies drive a much higher rate of employability, networking, and long-term career success. The five most vital criteria—academic content, experienced faculty, robust placement and internship ecosystem, infrastructure, and national network/alumni strength—are not fully realized at BBDU for law. Systematic exam preparation with your strong academic background can secure entry into a leading university, offering superior academic and career prospects compared to continued study at BBDU.

Recommendation: As a first-generation law student with a robust academic record and clear career ambition, consider taking a drop to rigorously prepare for competitive exams like CLAT, AILET, and MH CET LAW. Admission to a top-tier national law university or government law school considerably enhances academic training, placement opportunities, and long-term professional growth compared to persisting at BBDU in the current BA LLB program. All the BEST for a Prosperous Future!

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Nayagam P

Nayagam P P  |9487 Answers  |Ask -

Career Counsellor - Answered on Jul 27, 2025

Career
Sir I might get ECE at NIT Durgapur via CSAB, and have already got CSE at IIEST Shibpur... considering which one will be better?? does NIT Durgapur's reputation anyhow help in getting better placements than Shibpur?
Ans: NIT Durgapur’s ECE branch recorded a placement rate of nearly 65% in 2024, with around 17% higher average salaries compared to most other engineering departments at the institute and key recruiters spanning both core and software sectors. However, IIEST Shibpur’s CSE branch consistently secures higher placement rates—over 83% in recent years—backed by an excellent academic reputation, prominent national rankings, advanced research facilities, and consistently strong industry presence from top IT and consulting firms. Nationally, IIEST Shibpur is ranked higher than NIT Durgapur and stands out for its historic legacy, modernized infrastructure, and superior research output, attracting a vibrant peer group and leading to strong outcomes both for direct placements and future studies. IIEST’s holistic environment and the ever-increasing demand for computer science skills further enhance long-term flexibility and career prospects compared to an ECE degree from NIT Durgapur.

Recommendation: CSE at IIEST Shibpur is the better choice, providing higher placement rates, superior national ranking, cutting-edge curriculum, broader job profiles, and greater growth opportunities. Unless your exclusive interest is ECE, IIEST Shibpur’s CSE offers a more secure and rewarding pathway for academic and career advancement. All the BEST for a Prosperous Future!

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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