Huge Drop in CIBIL Score - Query & Discussion

[Yatokami]

Hii guys I recently got my first fd based credit card from idfc and started building my cibil it was 753 now it dropped to 706 😭 i had 4 credit card enquiry 2 hdfc one idfc and 1 axis is it normal for the cibil to drop so much after 4 enquiry my credit age us just 2 months old btw

 

[Lobogris]

Yes, because your history is short. It will improve in a few months.

 

[ravikumar]

Cibil score calculation tenure is changed recently. It will be improved over a period of time.

 

[VasukiVasuki is verified member.]

Hii guys I recently got my first fd based credit card from idfc and started building my cibil it was 753 now it dropped to 706 😭 i had 4 credit card enquiry 2 hdfc one idfc and 1 axis is it normal for the cibil to drop so much after 4 enquiry my credit age us just 2 months old btw

Go slow 🦥

 

[ravikumar]

After lot of difficulty crossed 800, then Cibil changed its scoring algorithm, back to below 800