Massive CIBIL Drop - Strange

[Zacobite]

CIBIL dropped from 811 to 769 with one Home Loan enquiry.. I had checked simulator and it didn't show any drop.. Quite surprised.. Hope it bounces back!! anyone else has experienced this??

 

[NAB]

There was some recent change in CIBIL Algo. Maybe effect of the same?

 

[Zacobite]

There was some recent change in CIBIL Algo. Maybe effect of the same?

scary.. with 1 enquiry...

 

[Vasuki]

scary.. with 1 enquiry...

4 enquiry in December no effect
Check something else in cibil

 

[Zacobite]

4 enquiry in December no effect
Check something else in cibil

nothing.. i have no activity..yesterday 811, after 1 HL today 769..lol

 

[Vasuki]

nothing.. i have no activity..yesterday 811, after 1 HL today 769..lol

That's sad .
& Very strange

 

[Fintellect]

CIBIL dropped from 811 to 769 with one Home Loan enquiry.. I had checked simulator and it didn't show any drop.. Quite surprised.. Hope it bounces back!! anyone else has experienced this??

Just raise a query to the CIBIL via Dispute.

 

[QamarImam]

CIBIL dropped from 811 to 769 with one Home Loan enquiry.. I had checked simulator and it didn't show any drop.. Quite surprised.. Hope it bounces back!! anyone else has experienced this??

Have you recently chosen EMI option on any card?
I have personally experienced this, where my credit score dropped slightly after I opted for the EMI option.

 

[SSV]

CIBIL dropped from 811 to 769 with one Home Loan enquiry.. I had checked simulator and it didn't show any drop.. Quite surprised.. Hope it bounces back!! anyone else has experienced this??

Don’t worry, it will be back to normal very very soon , possibly within days, assuming nothing else has changed

 

[Vasuki]

Have you recently chosen EMI option on any card?
I have personally experienced this, where my credit score dropped slightly after I opted for the EMI option.

That only affect credit utilisation ratio

Don’t worry, it will be back to normal very very soon , possibly within days, assuming nothing else has changed

Trueeeeeee

 

[mmr]

nothing.. i have no activity..yesterday 811, after 1 HL today 769..lol

How often do you check your score? Sometimes they drop points for regular checking but not this much 😅

 

[QamarImam]

That only affect credit utilisation ratio

However, my credit utilization ratio was still at 21% and my score dropped from 757 to 743.

Notably, in the last three months, there have been only two inquiries and one new account added. Credit age - 4y6m

 

[Vasuki]

However, my credit utilization ratio was still at 21% and my score dropped from 757 to 743.

Notably, in the last three months, there have been only two inquiries and one new account added. Credit age - 4y6m

My utilisation went from 0 to 21 in week
778 to 769
Which is normal

 

[Vasuki]

How often do you check your score? Sometimes they drop points for regular checking but not this much 😅

Bajaj Finserv local shop logic

I m almost refreshing it daily or in two days since a year

 

[rajcasio]

How often do you check your score? Sometimes they drop points for regular checking but not this much 😅

Is it true that CIBIL drops when you check your SCORE often?

 

[vega]

Is it true that CIBIL drops when you check your SCORE often?

No. It doesn't.

 

[Ak Singh]

My cibil score not increasing from last one year.
It is hovering between 760 to 778.

 

[RAMESH BABU N]

Yes. It appears as if some algorithm fine tuning thing is going on in CIBIL. 804 to 786. It should have been around 800.

Not that it matters. But, surprised to see the drop.

 

[Zacobite]

Have you recently chosen EMI option on any card?
I have personally experienced this, where my credit score dropped slightly after I opted for the EMI option.

nothing at all.. it has been 811 for more than 1 yr..

 

[Zacobite]

Don’t worry, it will be back to normal very very soon , possibly within days, assuming nothing else has changed

yes.. hope so tooo.. looking for HL... now rethinking if i shd explore any other bank.. cant afford another hit.. quite surprised with this drop