CIBIL SCORE DECREASED

[vsharad]

Any Suggestions, how much time will it take to recover? And what precautions should i take?

 

[TheRecharger]

Within few months

 

[pprakash11]

Enquiries can't be the sole reason.
Have you missed any payment?

 

[vsharad]

Enquiries can't be the sole reason.
Have you missed any payment?

No i always pay just after the bill is generated! 100% payments

 

[TheRecharger]

No i always pay just after the bill is generated! 100% payments

What's Credit Utilisation then?

 

[sauravkumar]

Check enquiries...
5 is too much in a month.
Check if all enquiries are correct otherwise report if not done by you.

 

[TheRecharger]

I had even 7-8 enquiries in a month once but it didn't affect cibil much. Just a drop of 4-5 points. No. of Enquiries doesn't affect that much.

How many CCs do u have?
I think more no. of CC = less impact of enquiries.

 

[Shrinit Padwal]

Any Suggestions, how much time will it take to recover? And what precautions should i take?

View attachment 16550

Check for any outstanding payments. Or check any other accounts created maybe. Enquiries can't be sole reason as said by others. I too had 15 enquiries in past 3 months - score went from 784 -> 780. Have 11 CCs currently

 

[vsharad]

What's Credit Utilisation then?

My credit utilisation ratio is 4%, it's always under 30%
I currently have 3 Unsecured cards [ Axis Flipkart, Myzone , India Oil ] & One Secured Onecard!
No Delay in payments!
Although I've paytm postpaid having 1k limit, but I've sent closing request to paytm and it'll be closed next month!
I think it's because of the enquiries!

 

[deep@vie]

Any Suggestions, how much time will it take to recover? And what precautions should i take?

View attachment 16550

no need to worry it'll be go up soon.

 

[deep@vie]

Enquiries can't be the sole reason.
Have you missed any payment?

CIBIL goes 70 to 80 points down on single missed payment

 

[cryoengine]

I have 7 enquiries in the last month, 2 CCs Axis Airtel and Onecard approved and 1 Rejected (Amazonpay). Those 2 CCs are my first and got approved in 2 days, Amazon pay icici got rejected coz I messed up my details in vkyc.

My score is still 752(had a bike loan close a year ago). I believe enquiries have little to no impact on the score.

 

[kgaurav00]

Any Suggestions, how much time will it take to recover? And what precautions should i take?

View attachment 16550

How much old your credit age??

 

[vsharad]

How much old your credit age??

It's weak Approx 5 Months, although cibil generated around may 2022 ( paylater )

 

[sharad007]

CIBIL goes 70 to 80 points down on single missed payment

HOW LONG IT TAKES TO RECOVER ? IT WAS BANK'S MISTAKE THOUGH THEY ARE NOT REMOVING ENTRIES ...

 

[pprakash11]

I have 7 enquiries in the last month, 2 CCs Axis Airtel

Off topic @cryoengine did you apply Axis Airtel on Airtel thanks app one one day and did VKYC another day ?

Or you application and VKYC both were done same day ??

Why 2 cibil hits then, can you confirm both dates of cibil hit by axis?

 

[deep@vie]

HOW LONG IT TAKES TO RECOVER ? IT WAS BANK'S MISTAKE THOUGH THEY ARE NOT REMOVING ENTRIES ...

if payment missed then it'll take time to come to previous score,I guess more than a year

 

[kgaurav00]

It's weak Approx 5 Months, although cibil generated around may 2022 ( paylater )

Not old history so its impact more on your CIBIL Score if you make new enquiry. Stop further application for few months its increased automatically.
Its good for your credit health if you restrict 1-2 enquiry in a month.

 

[vsharad]

if payment missed then it'll take time to come to previous score,I guess more than a year

I've not missed any payments! I pay on the bill generation date

 

[vsharad]

Not old history so its impact more on your CIBIL Score if you make new enquiry. Stop further application for few months its increased automatically.
Its good for your credit health if you restrict 1-2 enquiry in a month.

Ofc I'm not going to apply for any credit products for some months as my credit history is weak, bank reject the application!