Sarthak2005
TF Buzz
Suppose a Person applied to 10 Banks At a Time
How much will his Credit score Be Affected?
How much will his Credit score Be Affected?
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Cibil score affect
- Thread starter Sarthak2005
- Start date
- Replies 15
- Views 1K
what do you mean by banks? bank account or credit card?
I think he means 10 credit cards.
I have applied and got 5 cards in last 3 months. Will update the thread on how CIBIL is affected in few months. Currently it is still at 807.
senasenthil
TF Premier
My score was down by 7 points for every enquiry (three applications in 2 months)
Iamgora
TF Select
I applied for 11 cards and my cibil score got increased by 2 points 😂 and according to one card my cibil score increased by 13 points in the last months 😂
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Bhai apne case me toh Enquiries se hi points Kam hue toh.... Approved hone pe jada kuch nhi hua CIBIL score me!!
I think your credit score improved because of loan closure and decrease in your credit card utilization, it shows your credit worthiness.
If you apply for a loan and if the loan is approved your CIBIL will have minimal impact but for some reasons if bank rejects your loan application, it will have a negative impact. Same goes for credit card but the impact is low compared to loans.
Iamgora
TF Select
May be actually those are all Buy now pay later. So I closed all
I actually tried raising limit enhancements in most of my cards and roughly 7 banks did enquires on CIBIL within a span of 5-10 days and my score dropped from 787 to 784.
Please note that I have a credit history since 8 years and currently hold 19 Cards with limit 65L+ and total utilization <= 15%. The drop can also be due to increase in utilization as my utilization went up from <5% to <15%.
Please note that I have a credit history since 8 years and currently hold 19 Cards with limit 65L+ and total utilization <= 15%. The drop can also be due to increase in utilization as my utilization went up from <5% to <15%.
crazyuploader
TF Premier
How can CIBIL know if bank rejected?
As you apply
Banks make hard enquiry
And if no new entry from bank to Cibil.....
It's assumed that bank reject your proposal.......
What if one choices not to take the card after the CIBIL. The bank has not rejected. Will CIBIL consider that also as rejection
Bank does hard enquiry after your consent for moving forward with CC application if the card is approved it will be sent to your address, you can deny the card or choose not to activate after 30 days it will be cancelled. But for sure there will be little impact on CIBIL. CC enquiries have low impact anyways.
I applied for Axis LTF....
But Axis gives me chargeable and I didn't activate it within 30 days.....
My Cibil nosedive by some 20 points.....
That's all....
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