Massive CIBIL Drop - Strange

[Zacobite]

CIBIL dropped from 811 to 769 with one Home Loan enquiry.. I had checked simulator and it didn't show any drop.. Quite surprised.. Hope it bounces back!! anyone else has experienced this??

 

[SSV]

I have a query regarding limit utilization in CIBIL.
I have three ICICI credit cards (APay, Coral, and Shapphiro) with a combined limit of ₹250,000, which is shared across all three cards. However, in my CIBIL report, each card is listed as a separate account with a limit of ₹250,000.

My question is, if I utilize ₹60,000 (24%) on the APay card, ₹45,000 (18%) on the Coral card, and ₹25,000 (10%) on the Shapphiro card, will each card's utilization be considered separately (all below 30%) or will the total utilization of ₹1,30,000 (52% of the total limit) be considered?

Please share your thoughts on this matter.
@SSV

Please read this thouroughly first, and let us discuss it tomorrow.

Thread 'CIBIL Score - A Practical Guide'

Jul 18, 2024

CIBIL Score - A Practical Guide

Discalimer: This is mainly for regular Credt Card users who pay all their dues before due date and wondering why their score is not increasing..
Here we dont discuss the cases where there were defaults and / or delayed payments..that is for another day..​

Ladies and Gentelmen,

Here is the much awaited post on CIBIL Score and how it works and what we should do to improve it over the period of the time..

Here I won't go in detail about how the score is constructed as there were numerous posts on the internet in explaining the CIBIL score...

• SSV
• cibil score
• Replies: 542
• Forum: Informative Threads

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[talkwithfino]

I had checked simulator and it didn't show any drop..

I think their Simulator doesn't work properly sometimes.... I have experienced the same before wherein it showed no change in points for enquiry & after the enquiry the score dropped by 2 points.
I didn't have screenshots and it was only 2 points.... So I didn't think to write on TF. But yaa, going through your post, I indeed realize that their Simulator has some problem

 

[Zacobite]

Is it down again or up?

Cibil report refresh is not working.. Says some. error.. Thats what makes me hopeful

 

[SSV]

Cibil report refresh is not working.. Says some. error.. Thats what makes me hopeful

Not at all to worry about, try daily.. it will be fixed soon

 

[Mahirathore360]

It is wrong, raise your voice

 

[Zacobite]

It is wrong, raise your voice

Raised with Nodal

Lets see

 

[sunit123]

It is normal...Simulator is just a trap...Home loan is very big liability which increases credit utilization....Change of 42 points is not a massive drop...Score of more than 750 is still excellent score....

 

[Zacobite]

It is normal...Simulator is just a trap...Home loan is very big liability which increases credit utilization....Change of 42 points is not a massive drop...Score of more than 750 is still excellent score....

its an enquiry.. not a loan as yet.. imagine what will happen when the loan happens

 

[SSV]

its an enquiry.. not a loan as yet.. imagine what will happen when the loan happens

When you actually take HL, it increases your score by 10, assuming other things being equal