Your credit card usage can have an impact on your credit score, which is also known as a CIBIL score in India. CIBIL is one of the leading credit information companies in India that maintains a database of credit information of individuals and companies.

If you don’t use your credit card, it won’t necessarily have a negative impact on your credit score. However, it could potentially have a neutral or positive effect, depending on the factors that are considered by the credit bureau when calculating your credit score.

For example, if you have a long history of responsible credit card usage, such as paying your bills on time and keeping your credit utilization low, it could positively impact your credit score. On the other hand, if you have a short credit history, not using your credit card could result in a neutral or negative impact on your credit score.

In conclusion, not using your credit card can have both positive and negative impacts on your credit score, depending on the specific circumstances. It’s generally a good idea to use credit responsibly, including credit cards, in order to maintain a healthy credit score.

I have not taken a loan but it’s showing in my CIBIL. What should I do?

If a loan is appearing on your CIBIL report that you have not taken, it could be a case of identity theft or a mistake in the information reported to CIBIL by the lender. Here are the steps you can take to resolve the issue:

• Review your CIBIL report: Review the details of the loan appearing on your CIBIL report, including the loan amount, interest rate, and loan account number. If you find any inconsistencies or errors, make a note of them.
• Contact the lender: Contact the lender whose information is appearing on your CIBIL report. Explain the situation and provide them with any relevant information, such as your name, address, and identification number, to prove your identity.
• File a dispute with CIBIL: If you have been unable to resolve the issue with the lender, you can file a dispute with CIBIL. CIBIL will investigate the dispute and make any necessary corrections to your CIBIL report.
• Report identity theft: If you believe that your identity has been stolen, you should report it to the relevant authorities, such as the police and the credit bureaus.

It is important to take immediate action to resolve the issue, as an incorrect loan on your CIBIL report can negatively impact your credit score and make it difficult for you to obtain credit in the future. Additionally, it may also lead to legal consequences if the loan is found to be fraudulent.