Experian Credit Score is 573 whereas CIBIL Credit Score is 780, how and why?

[sahil1033]

I check my Experian and CIBIL credit score on a monthly basis and I've found that for some reason my Experian credit score is way too low, it's 573 whereas CIBIL credit score is 780.

Because of this reason, my application for Federal Bank Celestia CC was rejected due to very low Experian credit score.
The data seems to be correct and I've NIL late payments in Experian too. Usually Experian credit score is way higher than CIBIL credit score but it's quite contradictory in my case.

Any idea how to get it rectified as it's seriously damaging my new credit card application?

P.S. I had 573 credit score for a long time. I had complained them in August 2024 and in September 2024, credit score bumped to 750 and then in November 2024 onwards, it's back to 573. This is very odd and I'm suffering because of this.
I'm thinking to take it up with RBI Ombudsman but it would be on what grounds, certainly some miscalculation seems to be the culprit here.

 

[Anupama_Jha]

Damn 😫 U must missing something. That's not normal

Have u seen full report (pdf)

 

[helloworld]

Check again today and see where it shows problems..

Btw, where did you checked your score?

 

[sahil1033]

Damn 😫 U must missing something. That's not normal

Have u seen full report (pdf)

I'll cross check once again but there's no late payment for sure, even recent enquiries are well within control. So, I'm not sure on what grounds the score is so low.

Only late payment can impact the score to go so low, other parameters don't hold this much weightage to bring down the credit score below 600, that too in case of Experian.

 

[sahil1033]

Check again today and see where it shows problems..

Btw, where did you checked your score?

Sure, will check in detail ... the readability of the report isn't the best but I'll do try my best.

I check via WhatsApp, it's absolutely FREE.

 

[helloworld]

Sure, will check in detail ... the readability of the report isn't the best but I'll do try my best.

I check via WhatsApp, it's absolutely FREE.

Whatsapp means original experian report, so you'll have full report, check and late dues reported by anyone. If any issues check website version that aslo FREE.

 

[newinnov]

I check my Experian and CIBIL credit score on a monthly basis and I've found that for some reason my Experian credit score is way too low, it's 573 whereas CIBIL credit score is 780.

Because of this reason, my application for Federal Bank Celestia CC was rejected due to very low Experian credit score.
The data seems to be correct and I've NIL late payments in Experian too. Usually Experian credit score is way higher than CIBIL credit score but it's quite contradictory in my case.

Any idea how to get it rectified as it's seriously damaging my new credit card application?

Make sure your address from all active a/c matches word to word, thats one of the flawed criteria for score reduction

 

[Anupama_Jha]

Make sure your address from all active a/c matches word to word, thats one of the flawed criteria for score reduction

Score reduction to below 600. C'mon, kuch bhi mat bolo

I have 5-6 addresses, score is 774 as of 23rd Nov

 

[newinnov]

Score reduction to below 600. C'mon, kuch bhi mat bolo

I have 5-6 addresses, score is 774 as of 23rd Nov

Read it again, especially the part - "...one of the flawed criteria... "
Mr. KnowItAll

 

[Anupama_Jha]

Read it again, especially the part - "...one of the flawed criteria... "
Mr. KnowItAll

Score reduction to below 600.

Read it again☝🏻

"One of the flawed criteria still won't result to such low score" Mr. Brainiac

 

[Strange]

Make sure your address from all active a/c matches word to word, thats one of the flawed criteria for score reduction

For CIBIL too? CIBIL doesn't show all addresses right?

 

[newinnov]

For CIBIL too? CIBIL doesn't show all addresses right?

No for cibil it does not matter

 

[Anupama_Jha]

For CIBIL too? CIBIL doesn't show all addresses right?

It does .

 

[Strange]

It does .
View attachment 76951

only two addresses right?

 

[Anupama_Jha]

only two addresses right?

All home and office address from all active cards/loan!!

 

[helloworld]

Make sure your address from all active a/c matches word to word, thats one of the flawed criteria for score reduction

Nope, all my credit cards all these years have minor variations and each time they update. Its never perfect for any of the card for me.

I can assure yet I don't have proof for that but I can say 100% confident that only 'credit summary section' have affect of the score, not 'personal details' section.

My friend gender itself different all these years whereas me 'all addresses are different than each other', contact numbers always added with '0' or '91', these things not matter for score. I can say confiently for that part.

Only things that matter for score computation:

- late payments
- credit utilization
- total credit
- credit accounts
- credit enquiries
- credit age

and all of these under 'credit summary' related not 'personal details' section.

Its not even criteria for score computation (if you have any source for that, do share once - it might helpful).

 

[newinnov]

Nope, all my credit cards all these years have minor variations and each time they update. Its never perfect for any of the card for me.

I can assure yet I don't have proof for that but I can say 100% confident that only 'credit summary section' have affect of the score, not 'personal details' section.

My friend gender itself different all these years whereas me 'all addresses are different than each other', contact numbers always added with '0' or '91', these things not matter for score. I can say confiently for that part.

Only things that matter for score computation:

- late payments
- credit utilization
- total credit
- credit accounts
- credit enquiries
- credit age

and all of these under 'credit summary' related not 'personal details' section.

Its not even criteria for score computation (if you have any source for that, do share once - it might helpful).

For minor mismatch it does not matter, I was just trying to help you in your checklist...

Tell me more about address discrepancies - Experian Insights

Address discrepancies aren't the end of the road, but they sure can be a bump in it. One of the handful of mandatory elements in the Red Flag

www.experian.com

 

[helloworld]

Mr knowitall 😘

Yes, no way 'personal details' affect anyone credit score.

 

[helloworld]

For minor mismatch it does not matter, I was just trying to help you in your checklist...

Tell me more about address discrepancies - Experian Insights

Address discrepancies aren't the end of the road, but they sure can be a bump in it. One of the handful of mandatory elements in the Red Flag

www.experian.com

This is for identity theft purpose. Like all of sudden someone took loan on your PAN and it report in credit reports, then to analyze its as one of the issue.

Not for score computation.

Again, you might correct because I do not have proof (no one does, IMO), but it never affect anyone score in my circle and AFAIK. There are some of my friends who constantly changes rooms every year and update with that address, yet having solid score.

 

[Anupama_Jha]

For minor mismatch it does not matter, I was just trying to help you in your checklist...

Tell me more about address discrepancies - Experian Insights

Address discrepancies aren't the end of the road, but they sure can be a bump in it. One of the handful of mandatory elements in the Red Flag

www.experian.com

Complete variations too doesn't matter.

What if someone has two residences, permanent and rented.

Like, few cards Amex, IDFC don't support Bihar pincodes, so I applied them on Delhi address.

*NO IMPACT*