Know All About Days Past Due (DPD) in your CIBIL Report
Days Past Due (DPD) indicates the number of days by which a borrower has missed an EMI or credit card payment. DPD, in the ‘Payment History’ section of your credit report, is one of the determining factors for lenders while approving or rejecting your loan or credit card application.
If you have made timely payments in the past, your DPD (Payment made within 90 days) will be mentioned as ‘000’. In case you have missed your payment by 40 days, your report will show ’40’ against the previous month. There may be instances where “XXX” is mentioned in the DPD section. It means that the lender has not provided the payment history details to the credit bureau. You should not worry, if you find it in your credit report, as it has no negative impact on your credit score or your chances of loan or card approval in the future.
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DPD shows how disciplined you have been in making EMI payments in the past. It contains your payment timeline for the past 36 months. While assessing your credit application, the lender checks whether you have missed any payments in the past. If your DPD is ‘000’ for all 36 months, it shows that you have prudently paid off all your credit dues on time and pose lesser risk to the lender.
Occasionally missing the payment deadline also has a negative impact on your credit score and creditworthiness but there are few lenders that might approve your credit application. However, frequent misses and non-payment of dues for long pose a higher risk for lenders and they may refrain from approving your loan or credit card applications.