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Credit Score Impact

kunalcc

TF Select

A man has multiple credit cards of different banks.
He defaults payment in one credit card.
Obviously his Credit score will go down.
Will this impact on his other credit cards?
Do banks regularly makes soft inquiry?
Do banks reduce credit limit for this reason?
 
A man has multiple credit cards of different banks.
He defaults payment in one credit card.
Obviously his Credit score will go down.
Will this impact on his other credit cards?
Do banks regularly makes soft inquiry?
Do banks reduce credit limit for this reason?
Yes, banks usually reduce the credit limit if they detect a late payment for other credit cards in your CIBIL.

Usually, a single late payment won't have much effect, but consistently late payments and a significant impact on the CIBIL score will definitely affect it.
 
Yes, banks usually reduce the credit limit if they detect a late payment for other credit cards in your CIBIL.

Usually, a single late payment won't have much effect, but consistently late payments and a significant impact on the CIBIL score will definitely affect it.
Can this lead to card deactivation ?
 
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