Credit Repair Companies in India

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alex 008

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I’m a freelancer working as a virtual assistant my projects include blogging, digital marketing, writing, and graphic design. Since my income isn’t consistent, I’ve relied on a good credit mix to maintain liquidity.

Right now, my credit score is above 750, I hold multiple cards with a combined limit of over 3 lakhs, and I’ve never missed or made a late payment. The problem is my credit utilization has shot up to 90%. I trusted a sales rep who told me that instant loans taken on credit cards wouldn’t affect utilization, but I know better now.

Because of this, I’m no longer being approved for new loans to juggle funds, and I’ve stopped getting credit limit increases. While my score still looks good, I feel stuck. I can only make EMI payments to slowly chip away at the debt since my income is hourly and capped even during busy months. This leaves me struggling to cover essentials like rent without additional credit.

I’ve looked into credit repair services like Fincover and wonder are they reliable? Can they actually help consolidate debts or arrange loans to bring down utilization? If I could get utilization back to around 30%, I think I could manage repayments without digging deeper into debt. But as things stand, I might start defaulting as soon as next month, which would ruin my clean 5+ year credit history.

Any advice would be hugely appreciated. I do have personal projects (a novel, a mobile game, and a YouTube channel) in the works that could generate income, but those are months away from paying off.
 
Honestly, credit repair companies in India like Fincover are more about financial products than true credit repair. They usually connect you with lenders, insurance, or consolidation offers, but they can’t magically reduce utilization. If you want to bring it down, your only real options are either lump-sum repayment or a personal loan with lower interest. Since you’ve already maxed utilization, lenders will hesitate.
 
Bro, Fincover is basically just a marketplace that connects you with banks/NBFCs. They don’t repair credit the way US companies advertise. If you already have 750+ score, their role is minimal. The real issue here is utilization. No company can magically reduce it unless they give you a consolidation loan. Honestly, your best bet is to focus on income side hustles and aggressive repayment instead of paying someone else.
 
Honestly dude, Fincover is more like a comparison site for loans and insurance than a true credit repair service. They don’t have magic wands to fix utilization. If your usage is 90%, the only real way out is repayment or balance transfer to a cheaper loan. I’d suggest avoiding fee-based credit repair firms because they usually just apply for loans on your behalf. You can do that yourself for free.
 
I wouldn’t rely too much on Fincover or any such company tbh. Their credit repair is usually counseling + trying to connect you with NBFCs that charge crazy interest. You’re better off targeting repayment strategy like snowball (clear smallest balances first) or avalanche (clear highest interest rate first). If you default, you’ll regret it more than grinding it out. Been there, trust me, defaults haunt you for years.
 
Honestly, dude, credit repair companies in India are not like in the US. They cannot legally fix utilization issues because utilization is based on what you owe vs your credit limits. What they usually do is negotiate or package it like debt counseling. If someone promises to magically bring down utilization without repayment, that’s a red flag. Better to talk to your card issuers directly and try for structured repayment.
 
Man first off respect for keeping a 750+ score with that kind of utilization. That’s impressive discipline. But honestly, credit repair companies in India are mostly about cleaning up bad credit history, not utilization issues. What you’ve got is more of a liquidity crunch. Consolidation loans exist but they’re not easy to get when banks see 90% utilization. Best bet might be to approach your existing bank directly instead of going through these “repair” outfits.
 
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