Cibil score dropped by 100 points

[sharathchenna]

Hello! I have an icici credit card the bill was 109.75 in august but I only paid 109 rupees and my cibil dropped by 100 points I didn't check my statements because I was not using that card is there anything I can do about it?

Edit: They removed late payment entry from the cibil report

 

[Yugi]

I think OP should get his problem right, first he told it was because Rs 2 was not refunded, later it was refund from CRED and then Rs 0.75 not being paid. I guess there is some other issue which is affecting credit score

 

[Bugs Bunny]

the statement generated was only 109.75 sir I only paid 109 rupees and it got carried forward I guess

So much ambiguity in the post. If this is the case you can request ICICI bank to revoke the late payment as it wasn't deliberate.

 

[vega]

the statement generated was only 109.75 sir I only paid 109 rupees and it got carried forward I guess

This is unheard of, score dropping like maniac for such a meager amount.

If you could share masked screenshot, the fellow members might point out something else.

 

[shrewdoc]

I thought minimum due applicable only if statement bill crosses .. ₹500+

There's no such criteria?

Minimum Due is 5% - 10% of credit card bill or minimum 100 or 200, whichever is higher, depending on the bank.

hello, sir the in september the actual due 0.75 and the minimum due was 0.75 I didn't check the statement so It was a late payment

That makes sense, so you missed paying 0.75 in September statement.

 

[sharathchenna]

This is unheard of, score dropping like maniac for such a meager amount.

If you could share masked screenshot, the fellow members might point out something else.

These are the screenshots of the statement

 

[sharathchenna]

So much ambiguity in the post. If this is the case you can request ICICI bank to revoke the late payment as it wasn't deliberate.

I just called the bank sir they said that if the due was even 0.1 rupees they will report as a late payment is there anything I can do about it sir?

 

[Bugs Bunny]

I just called the bank sir they said that if the due was even 0.1 rupees they will report as a late payment is there anything I can do about it sir?

Try writing it to MD desk if you maintain decent NRV they'd surely be of help. Are you having a wealth account ?

 

[Yugi]

View attachment 39405View attachment 39406View attachment 39407View attachment 39408

These are the screenshots of the statement

Update the original post with these details, people can give better suggestions then.

 

[CardGame]

View attachment 39405View attachment 39406View attachment 39407View attachment 39408

These are the screenshots of the statement

You should have paid during your September statement. Late payment reported for which month?

 

[Yugi]

I just called the bank sir they said that if the due was even 0.1 rupees they will report as a late payment is there anything I can do about it sir?

Ask the to transfer the call to credit department, as one time gesture ask them to revoke it. They will do it. Key is calling them again and again or message them on X(Twitter).

 

[shrewdoc]

Update the original post with these details, people can give better suggestions then.

There are no suggestions to give here.

The only available option for OP here is to write an apology to ICICI Bank and request them to revise the credit reporting, because it is RBI Guidelines to accurately report data to CICs.

That too is at the mercy of the bank. All fault here lies with OP.

For amounts <100, Banks don't levy Finance Charges (Interest) but they have to report to CICs about the non-payment.

 

[Deleted member 9785]

did u enter 109 yourself instead of selecting statement due amt?

 

[sharathchenna]

You should have paid during your September statement. Late payment reported for which month?

October month sir

 

[sharathchenna]

did u enter 109 yourself instead of selecting statement due amt?

i was paying through google pay so I entered 109 instead of 109.75

 

[CardGame]

October month sir

And u paid the due on when?

 

[sharathchenna]

Try writing it to MD desk if you maintain decent NRV they'd surely be of help. Are you having a wealth account ?

I am a student, Sir i don't even have a savings account. They came to our college, and they gave us ICICI credit cards for whoever wanted what is md desk, Sir?

 

[sharathchenna]

And u paid the due on when?

i didnt pay at all it was credited as 0.75 in month of December as service credit

 

[vega]

View attachment 39405View attachment 39406View attachment 39407View attachment 39408

These are the screenshots of the statement

It's evident, you didn't honor your obligation to make payment. Now only ICICI can help you out.

 

[Pankhuri]

I just called the bank sir they said that if the due was even 0.1 rupees they will report as a late payment is there anything I can do about it sir?

Keep escalating. From normal to no then to pno. Don't take no for an answer, give threat of some made up rbi rule if you have to. Worst they can do is already done to you, so if everything fail this stays.

 

[Vasuki]

Hello! I have an icici credit card the bill was 109.75 in august but I only paid 109 rupees and my cibil dropped by 100 points I didn't check my statements because I was not using that card is there anything I can do about it?

If u paid minimum amount due on time .. should not be reflected as late payment anyways