Experian - New scoring method?!?!

[Andapally]

Is this same for everyone or only me?
Score reduced by 30 points.

 

[SSV]

My score recovered by some points post this new algo dip.

You are the first one to buck the trend !!!

 

[BhaiyaJi]

You are the first one to buck the trend !!!

Probably it will recover for most of us, lets see

 

[SSV]

They started sending out the offical communication to the users about the new Experian Version implementation...

 

[Astrella]

My experian nose-dived after this update, thankfully banks don't really care about it. went from 850 > 711

 

[SSV]

My experian nose-dived after this update, thankfully banks don't really care about it. went from 850 > 711

Dont worry , it will put its nose up soon ....

 

[arun4455]

Mine gone down from 840 to 762. Don't know which bank rely on experian score.

 

[SSV]

Mine gone down from 840 to 762. Don't know which bank rely on experian score.

Kotak, Axis, Yes bank etc...

 

[Shin-Chan]

Ever Since Experian updated to V3 my Score didn't change a point for 2 months its same.

@SSV Garu shall I contact Experian if it remains same for whole quarter (till June end)?

 

[_ayush]

even mine fell down to 750. Cibil is 780 🥲

 

[SSV]

Ever Since Experian updated to V3 my Score didn't change a point for 2 months its same.

@SSV Garu shall I contact Experian if it remains same for whole quarter (till June end)?

What’s your score before and and after V3

 

[SSV]

even mine fell down to 750. Cibil is 780 🥲

From where to 750?

 

[Krishna Kumar]

Mine dropped from 820 to 780 in April. Now it is aligned with CIBIL.
Current score is 785.

 

[SSV]

Mine dropped from 820 to 780 in April. Now it is aligned with CIBIL.
Current score is 785.

This is perfect alignment and that is what they aimed for in this V3

 

[Shin-Chan]

What’s your score before and and after V3

796 before V3 and 800 since v3 no change

 

[SSV]

796 before V3 and 800 since v3 no change

So your score was increased from 796 to 800 after implementing V3.. and stayed there for the last 2 months .. right??
If so, what is your complaint??

My score came to 810 from 813 and stayed at 810 all this time and I am not complaining..
In fact it is normal..
I am expecting there will be a minor jump in the next month or so…

 

[Shin-Chan]

I closed 2 CC and got 1 new CC this month that should move it 😀

So your score was increased from 796 to 800 after implementing V3.. and stayed there for the last 2 months .. right??
If so, what is your complaint??

My score came to 810 from 813 and stayed at 810 all this time and I am not complaining..
In fact it is normal..
I am expecting there will be a minor jump in the next month or so…

 

[SSV]

796 before V3 and 800 since v3 no change

So your score was increased from 796 to 800 after implementing V3.. and stayed there for the last 2 months .. right??
If so, what is your complaint??

My score came to 810 from 813 and stayed at 810 all this time and I am not complaining..
In fact it is normal..
I am expecting there will be a minor jump in the next month or so…

In case you were wondering why your score hasn’t moved in the last 2 months in either direction..
The reason being there are no material changes that occurred in your credit profile that would warrant a score change according to V3..
Which is what the aim is…

 

[SSV]

I closed 2 CC and got 1 new CC this month that should move it 😀

Not according to V3 , it is not just about account closing or opening.. there are many other attributes associated with these accounts and overall account level factors also play in to the determination of your score..
So, according to me it is quite normal and standard

 

[Animal]

I closed 2 CC and got 1 new CC this month that should move it 😀

I guess your account was part of their pilot project.

 

[_ayush]

From where to 750?

🥲 . .