How Credit Bureau Scores impact on our Reports? How does it work ? Suggestions are Appreciated.

[KeytoKrishna]

Hi All - I have made some enquiries made in my cibil ,some are knowingly and some or not - How does this impact my score, should i refrain in not applying further - i have around 8 enquires in a month,plz educate.

 

[Gaara]

From November 2023 to February 29th, 2024, I had 8 inquiries and 4 new cards. Out of these, 3 cards have already been updated in the reports.

My credit scores changed as follows:

• CIBIL: From 785 to 781
• Experian: From 865 to 830

I believe that as long as I maintain a healthy credit utilization ratio and make on-time payments, the impact on my credit score should be minimal. 🌟💳

 

[Vasuki]

Hi All - I have made some enquiries made in my cibil ,some are knowingly and some or not - How does this impact my score, should i refrain in not applying further - i have around 8 enquires in a month,plz educate.

As you credit card age & overall credit profile increases .

The impact of credit enquiry gets lower on cibil .
But 8 is too much for month but ok if you done this first time & not consecutive months .
In 8 how many u got approved.how many rejected

 

[KeytoKrishna]

Hi DocFixit,Thanks for your reply,There is a take here, out of 8 - 6 were rejected - i didnt see there is an overdue wrong update reflecting in my CIBIL,with out checking it - i have been applying and getting rejections as i was surprised as my score didnt come down - i thought everything is fine( as my score is unchanged) but yesterday i noticed there is an overdue.(Resolved it)

 

[KeytoKrishna]

i have been in an impression that i ll be approved as my score was 795 and went on applied may be that over due is one of the reason for my rejections.

 

[Vasuki]

i have been in an impression that i ll be approved as my score was 795 and went on applied may be that over due is one of the reason for my rejections.

Overdue ? On cc or loan ???
How do you have 795 score & overdue at same time 😶
For tagging a person use @ then type name u will get the id to tag

 

[KeytoKrishna]

@DocFixIt - its Gold loan which got closed last year.

That is what my query is - score didn't change.??

 

[Vasuki]

@DocFixIt - its Gold loan which got closed last year.

That is what my query is - score didn't change.??

If u have CIBIL subscription u can refresh daily .
Yes there isn't major drop in score if your credit age is 2-3+year .

 

[KeytoKrishna]

@DocFixIt - Yes, I refresh and check daily - as i told you - as there is no drop in my score despite that over due - i overlooked and thought everything is fine but lately when i applied for a loan they said i have an overdue and immediately checked.

 

[KeytoKrishna]

Yes,it is 3+ year Old