CIBIL score dropped by 8 points for NO reason

[EnthuCC]

My CIBIL score dropped from 795 to 787.

No new inquiries, no dues, credit usage is 4% of total credit limit.

2 changes only
1) One card reached 30% credit utilization because an electronic item was bought. But overall credit usage was %4.
2)EMIfied that electronic item transaction for 3 months because Amazon provided discount only on EMI transaction.

Is this normal?

Thanks

 

[Vasuki]

My CIBIL score dropped from 795 to 787.

No new inquiries, no dues, credit usage is 4% of total credit limit.

2 changes only
1) One card reached 30% credit utilization because an electronic item was bought. But overall credit usage was %4.
2)EMIfied that electronic item transaction for 3 months because Amazon provided discount only on EMI transaction.

Is this normal?

Thanks

There change in cibil calculation.maybe
Many people reported change without any activity on account.

 

[D₹V]

My CIBIL score dropped from 795 to 787.

No new inquiries, no dues, credit usage is 4% of total credit limit.

2 changes only
1) One card reached 30% credit utilization because an electronic item was bought. But overall credit usage was %4.
2)EMIfied that electronic item transaction for 3 months because Amazon provided discount only on EMI transaction.

Is this normal?

Thanks

You answered your question yourself.

Reason 👇

One card reached 30% credit utilization because an electronic item was bought. But overall credit usage was %4.

Make usage 0 or below, it'll jump.

But it should not even be a concern if score is above 750.

Just live your life.

Hope it answers your query, you can mark my answer as solution by clicking best answer ☑️ button below my reply.

 

[sourpai]

Mine dropped by 2 points last month since credit utilisation went from 2% to 3%. Its perfectly normal. Nothing to worry!

 

[SSV]

) One card reached 30% credit utilization because an electronic item was bought. But overall credit usage was %4.

Account level utilisation also matters.. not just overall utilisation .
This is absolutely normal.
Payoff everything on one card and see the magic

 

[Deleted member 11974]

My CIBIL score dropped from 795 to 787.

No new inquiries, no dues, credit usage is 4% of total credit limit.

2 changes only
1) One card reached 30% credit utilization because an electronic item was bought. But overall credit usage was %4.
2)EMIfied that electronic item transaction for 3 months because Amazon provided discount only on EMI transaction.

Is this normal?

Thanks

bhai itna to bp bhi har minute up down hota hoga
ispe bhi thread bana do

 

[Vasuki]

bhai itna to bp bhi har minute up down hota hoga
ispe bhi thread bana do

He was eyeing 800 and it dropped to 770ish
Yeh dard aap nahi samjoge @D₹V 😁

 

[D₹V]

He was eyeing 800 and it dropped to 770ish
Yeh dard aap nahi samjoge @D₹V 😁

OT
Incase you missed: https://www.technofino.in/community...debit-card-its-benefits-❤️🔥.16374/post-496646

 

[EnthuCC]

He was eyeing 800 and it dropped to 770ish
Yeh dard aap nahi samjoge @D₹V 😁

Exactly.
I was told that if I get CIBIL 800+ then I could negotiate loan interest rates with banks easily.

 

[Riya]

You answered your question yourself.

Reason 👇

Make usage 0 or below, it'll jump.

But it should not even be a concern if score is above 750.

Just live your life.

Hope it answers your query, you can mark my answer as solution by clicking best answer ☑️ button below my reply.

How to make usage below 0??? Card mein paise deposit karne lag jaaye?

 

[SSV]

How to make usage below 0??? Card mein paise deposit karne lag jaaye?

Yes, pay off entire outstanding amount before bill generation itself for each account

 

[Vasuki]

Yes, pay off entire outstanding amount before bill generation itself for each account

Why people go mad about
Score so much
% of utilisation as if its a sin

Get cc to be stress free in stressed financial situation once in blue moon ❌
GET CC to get stressed how not to use it 😅✅

 

[HumorSimpson]

Why people go mad about
Score so much
% of utilisation as if its a sin

Get cc to be stress free in stressed financial situation once in blue moon ❌
GET CC to get stressed how not to use it 😅✅

And what about those stressing while getting it?

 

[D₹V]

Card mein paise deposit karne lag jaaye?

Han... Karne lag jao !!!

 

[Riya]

Han... Karne lag jao !!!

It defeats the whole purpose of CC... Credit lene ke bajaye dene lag jaae 😂😂

 

[Vasuki]

And what about those stressing while getting it?

You can't change them 🥲

Han... Karne lag jao !!!

Maine 10 rupyaa daal diya 😁

 

[BlueFlash]

Yes, pay off entire outstanding amount before bill generation itself for each account

Minor correction: It should be before cibil reporting date, and not bill generation date.

 

[D₹V]

It defeats the whole purpose of CC... Credit lene ke bajaye dene lag jaae 😂😂

It's your choice, no one is forcing you.

CIBIL score wali bechaini hai to uska yahi ilaaj hai.

 

[cardy]

My CIBIL score dropped from 795 to 787.

No new inquiries, no dues, credit usage is 4% of total credit limit.

2 changes only
1) One card reached 30% credit utilization because an electronic item was bought. But overall credit usage was %4.
2)EMIfied that electronic item transaction for 3 months because Amazon provided discount only on EMI transaction.

Is this normal?

Thanks

Absolutely normal bro
Don't worry it'll be upward after the emi is paid

 

[Zacobite]

My CIBIL score dropped from 795 to 787.

No new inquiries, no dues, credit usage is 4% of total credit limit.

2 changes only
1) One card reached 30% credit utilization because an electronic item was bought. But overall credit usage was %4.
2)EMIfied that electronic item transaction for 3 months because Amazon provided discount only on EMI transaction.

Is this normal?

Thanks

yes.. nothing to worry.. will stabilize..