Understanding my CIBIL score Drop!

[Anshit]

Hello everyone,

For quite some time, my CIBIL score had been consistently stable at 795. Despite multiple loans and credit cards, it remained unchanged. I’ve been aiming to cross into the 800+ range, but to my surprise, when I checked today, my score had dropped to 786.

This sudden dip is a bit perplexing, as nothing in my credit profile seems to have changed. I have no new enquiries, no new loans, and my spending pattern has remained consistent. I don’t have a CIBIL subscription, so I can’t view the detailed report, but I checked via GPay, which shows only a 0.95% increase in spending. Could such a minor increase really cause a 9-point drop?

For context, I’m currently utilizing 4.05% of my total available credit.

I’d really appreciate any insights or explanations that might help me understand this sudden change,while I sit here trying to make sense of it!

PS : Maybe I being a little dramatic here for this small drop, Apologies in advance if that might offend anyone

 

[SSV]

Hello everyone,

For quite some time, my CIBIL score had been consistently stable at 795. Despite multiple loans and credit cards, it remained unchanged. I’ve been aiming to cross into the 800+ range, but to my surprise, when I checked today, my score had dropped to 786.

This sudden dip is a bit perplexing, as nothing in my credit profile seems to have changed. I have no new enquiries, no new loans, and my spending pattern has remained consistent. I don’t have a CIBIL subscription, so I can’t view the detailed report, but I checked via GPay, which shows only a 0.95% increase in spending. Could such a minor increase really cause a 9-point drop?

For context, I’m currently utilizing 4.05% of my total available credit.

I’d really appreciate any insights or explanations that might help me understand this sudden change,while I sit here trying to make sense of it!

PS : Maybe I being a little dramatic here for this small drop, Apologies in advance if that might offend anyone

Has your any single account's utilisation increased??
I know that your overal utilisation may be around 4.05%..

I am suspecting one of your Credit card utilisation was increased and that resulted in this drop..
Clear that account soon then your score will be at prior levels..
You can even test this in simulation functionality..

 

[keerthirahul123]

Don't worry. It will pop up back. I'm in the same boat as you. My utilisation on my amex was 6k monthly and last month I paid income tax from it and it resulted in the same 9 point drop.

 

[Anshit]

Has your any single account's utilisation increased??
I know that your overal utilisation may be around 4.05%..

I am suspecting one of your Credit card utilisation was increased and that resulted in this drop..
Clear that account soon then your score will be at prior levels..
You can even test this in simulation functionality..

Thank you for replying
I don't think there is a drastic change that's recent, My spends are mostly divided between two cards, I moved some spends from one card to other but that was in May, and both cards are always fully paid before due date

 

[Anshit]

Don't worry. It will pop up back. I'm in the same boat as you. My utilisation on my amex was 6k monthly and last month I paid income tax from it and it resulted in the same 9 point drop.

I hope it Pops back soon 🤞