Hello Everyone!
My CIBIL Score was 769 when I last checked. After 10-12 days, yesterday I checked & refreshed my report & my score fell to 760. The only notable difference I could see was - earlier my credit utilization was 0% & now its at 2%. On further checking, my CC report shows Current Balance of 3557. I always pay the full amount of CC, in fact I pay Re. 1 more than the due amount just to be on the safer side.
I would like to add that Amount Overdue shows 0 only. I don't know how to interpret this. Can anyone guide or explain? Is there some error in reporting on Bank's end? The current balance amount shown (3557) does not match with any previous month's due amount either. There has been no new enquiries or anything which could affect the score. Only change I noticed was this. Can you explain what Current Balance mean? I hope this doesn't negatively hurt my CIBIL score anymore. There is NO amount due payable to the bank, all paid.
My CIBIL Score was 769 when I last checked. After 10-12 days, yesterday I checked & refreshed my report & my score fell to 760. The only notable difference I could see was - earlier my credit utilization was 0% & now its at 2%. On further checking, my CC report shows Current Balance of 3557. I always pay the full amount of CC, in fact I pay Re. 1 more than the due amount just to be on the safer side.
I would like to add that Amount Overdue shows 0 only. I don't know how to interpret this. Can anyone guide or explain? Is there some error in reporting on Bank's end? The current balance amount shown (3557) does not match with any previous month's due amount either. There has been no new enquiries or anything which could affect the score. Only change I noticed was this. Can you explain what Current Balance mean? I hope this doesn't negatively hurt my CIBIL score anymore. There is NO amount due payable to the bank, all paid.