what does the 'enquiry amount ' in the cibil report mean?
I can see the various credit cards that i applied for and an enquiry amount made against them. the amount seems random and unrelated to the credit limit finally granted.
the amounts range from 100 to 100000.
1) Does the high amount affect the credit score in any way?
2) how is the amount decided by the bank to make the enquiry?
I can see the various credit cards that i applied for and an enquiry amount made against them. the amount seems random and unrelated to the credit limit finally granted.
the amounts range from 100 to 100000.
1) Does the high amount affect the credit score in any way?
2) how is the amount decided by the bank to make the enquiry?