My credit score has been dropped by 120 points due to 2 hard inquiries. How can I Improve it?

[143robinkumar]

My credit score has been dropped by 120 points due to 2 hard inquiries. How can I Improve it?

 

[Vasuki]

do banks actually approve applications when they see 50 other inquiries?

Why not !

 

[Dr.Anand456]

"A 120-point decrease in one month due to a few inquiries seems unlikely. Even with 6 inquiries, your CIBIL and Experian scores usually wouldn't change drastically. A significant drop may be caused by high credit card utilization or missed payments. Only those actions would likely cause such a decrease.

 

[Astrella]

Why not !

I thought having many hard enquiries in a months makes you look credit hungry and leads to more rejections

 

[Vasuki]

I thought having many hard enquiries in a months makes you look credit hungry and leads to more rejections

Depends how month old your cibil profile is ..

Last 3-6 month do matter but not much

 

[sidp]

My credit score has been dropped by 120 points due to 2 hard inquiries. How can I Improve it?

Experian drops fast & recover fast. Don't worry about it. There might be some other reason: change in algorithm/cur or something else

Cibil score is the one that matters.

 

[Riya]

My credit score has been dropped by 120 points due to 2 hard inquiries. How can I Improve it?

It was 880 earlier... 😂😂😂 OMG..... The highest I've ever seen

 

[Riya]

I have 54 inquiries this month yet my cibil has increased 2 points.

Did you applied for all cards and loans from all banks at once 🙈🙈

 

[Zacobite]

"A 120-point decrease in one month due to a few inquiries seems unlikely. Even with 6 inquiries, your CIBIL and Experian scores usually wouldn't change drastically. A significant drop may be caused by high credit card utilization or missed payments. Only those actions would likely cause such a decrease.

this may also be because of the experian score formula that changed.. he is probably seeing the combination effect.. will stabilize soon

 

[sidp]

It was 880 earlier... 😂😂😂 OMG..... The highest I've ever seen

Mine is 894 . It was 896. 🤣

 

[Deleted member 30446]

Mine is 894 . It was 896. 🤣

Proof? 3 words

 

[sidp]

Proof? 3 words

Haha. Everyone here wants proof.

 

[Zacobite]

Haha. Everyone wants here proof.

View attachment 51870

very bad... why did u lose 4 points? 🤯🤯

 

[imdjay]

very bad... why did u lose 4 points? 🤯🤯

you mean 6 points?

 

[SSV]

Haha. Everyone here wants proof.

View attachment 51870

you mean 6 points?

It was 894 on 9 Feb..
Would be interesting to see what it is now after the new algorithm was implemented ie as of today..i

If you refresh now, my guess it would be around 820


Note;
A few years ago , I used to have Experian 898.. but no screenshot of that though…

This was the whole reason why the they introduced the new version to rationalise the scoring system to be at par with industry standard levels

 

[Zacobite]

you mean 6 points?

he said he had 896 earlier and now 894...so...

 

[sidp]

It was 894 on 9 Feb..
Would be interesting to see what is now after the new algorithm was implemented ie as of today..i

If you refresh now, my gues would be around 820


A few years adopt, I used to have Experian 898.. but no screenshot of that though…

I've tried to update it after that, but it shows no update available right now.
I tried in a different app also, that also is showing same last updated at 9th Feb.

 

[SSV]

I've tried to update it after that, but it shows no update available right now.
I tried in a different app also, that also is showing same last updated at 9th Feb.

Try at this official web site
It is free to check score 365 days

Consumer Services - India Consumer

www.experian.in

 

[Riya]

Mine is 894 . It was 896. 🤣

Where was your reply on my thread when I asked if perfect score is possible 😂😂
894....

 

[sidp]

Where was your reply on my thread when I asked if perfect score is possible 😂😂
894....

I hadn't checked that thread. I have mentioned my score in an earlier thread also. You were active in that thread.