CIBIL score dropped by 22 points

[Quantum]

Yesterday, the score was 796.
No bill due, nothing. In fact, the last remaining bill was overpaid by Rs. 2 before the bill generation date.
I refreshed the report today, and the score is 774.

Nothing in Alerts section, no SMS from CIBIL regarding any new addition/deletion/update/enquiry.

Only one thing that I could observe is that I have not done any transaction on any of my credit cards post 26th Nov. However, the statement generated for the period 17 Nov to 17 Dec does contain some expenses and bill payment transaction.
In the payment history of cards, the last month is still November. So, it isn't like something was reported for December and that took it down.

Not sure what caused the score to reduce.

Definitely not the surprise I was expecting from 2024 *sigh*

 

[SSV]

You always suggest 0 or -ve, but truth be told I haven't tried. Should I try? Mine currently is 783.

this is the proof: I used to have about 800 score before..
now see:

But I will show you my score again after 2 months, when I planned to clear everything, it would be back again around 800...
you can see that it my score simulator as well..( now itself)..

Now decide yourself ...

Since I joined this forum there is no- one else who shared their whole CC journey with live screenshots like ME... NO-one else...










Score simulator: when I make outstaindig balances as 0 on ALL ccs..

 

[SSV]

CIBIL reduced from 793 to 782. Utilisation 2%. Wierd stuff from CIBIL.

Nothing weird.. everything BAU

 

[vega]

this is the proof: I used to have about 800 score before..
now see:

But I will show you my score again after 2 months, when I planned to clear everything, it would be back again around 800...
you can see that it my score simulator as well..( now itself)..

Now decide yourself ...

Since I joined this forum there is no- one else who shared their whole CC journey with live screenshots like ME... NO-one else...










Score simulator: when I make outstaindig balances as 0 on ALL ccs..

In that case, I am gonna have to follow your advice.

 

[sujal]

I dont why people worry about their scores this much!
1 2 late payment will not make drastic difference if you have long credit history

 

[ALOAK]

Even I don't have anylate payments or adverse remark but I got alert stating contact and address updated when I check it is the same co tact and address on Jan 27th it reduced from 794 to 760 and yesterday it reduced to 724. Not sure why it is dropping although there is not much utilization usually my utilization is around 2 to 5% of all cards I had one Amazon pay later today I got it closed. I don't have any home loan or personal loans car loans are closed a year back. Something is wrong somewhere with cibil as I can't see any adverse or late payments.

 

[Vasuki]

Even I don't have anylate payments or adverse remark but I got alert stating contact and address updated when I check it is the same co tact and address on Jan 27th it reduced from 794 to 760 and yesterday it reduced to 724. Not sure why it is dropping although there is not much utilization usually my utilization is around 2 to 5% of all cards I had one Amazon pay later today I got it closed. I don't have any home loan or personal loans car loans are closed a year back. Something is wrong somewhere with cibil as I can't see any adverse or late payments.

Share your cibil report.. there must be some default .to dip so much

 

[ALOAK]

Share your cibil report.. there must be some default .to dip so much

I don't have any default i pay before the billing cycle date. Even then I see banks sometimes report before billing or end of month. But I pay it in full. I don't have default at all.

 

[ALOAK]

It still shows credit utilization 1 % report years 20yrs 6 months. Total account 36 and total enquiry is 17 and last enquiry was in 2022 by sbi after this no enquiry at all. In total I have 15 accounts opened and rest were all closed long time back.the only one I closed yesterday was Amazon pay later they said will take 45 working days to report to ciibil as closed I received noc for this already.

 

[SplendorSuperman]

It still shows credit utilization 1 % report years 20yrs 6 months. Total account 36 and total enquiry is 17 and last enquiry was in 2022 by sbi after this no enquiry at all. In total I have 15 accounts opened and rest were all closed long time back.the only one I closed yesterday was Amazon pay later they said will take 45 working days to report to ciibil as closed I received noc for this already.

Where are you checking your report ?

 

[vissu295]

My CIBIL score dropped from 800+ to 769 and I didn't miss any payments. Recently, I got coral and emeralde private metal CCs. My annual sub expired a few months back and looks like I need to subscribe again to find out the reason!! Currently, I am able to access the free cibil report from AXIS and it shows nothing out of ordinary. The experian and CRIF scores didn't change much (checked on cred) and stayed at 847 and 783.

 

[Vasuki]

I don't have any default i pay before the billing cycle date. Even then I see banks sometimes report before billing or end of month. But I pay it in full. I don't have default at all.

U pay in full ✅
But there must be wrong entry saar

 

[Vasuki]

My CIBIL score dropped from 800+ to 769 and I didn't miss any payments. Recently, I got coral and emeralde private metal CCs. My annual sub expired a few months back and looks like I need to subscribe again to find out the reason!! Currently, I am able to access the free cibil report from AXIS and it shows nothing out of ordinary. The experian and CRIF scores didn't change much (checked on cred) and stayed at 847 and 783.

Maybe new credit system rating in place

 

[ALOAK]

Where are you checking your report ?

Cibil transunion I have subscribed to it
Checked on mycibil on mobile.

 

[ALOAK]

U pay in full ✅
But there must be wrong entry saar

I checked everything seems alright my credit limit and outstanding all are correct. I checked payment status it is showing zero where ever they don't report it will display xxxx

 

[ALOAK]

Today I got another alert hdfc has reported stating new address where has it is the same one. Why are the banks updating contact and address as new contact when they are the same and no changes. Any rule changes is it

 

[vissu295]

Today I got another alert hdfc has reported stating new address where has it is the same one. Why are the banks updating contact and address as new contact when they are the same and no changes. Any rule changes is it

You are right. I too noticed that a new address was added, but it was incorrect (mix of 2 addresses!!).

 

[SplendorSuperman]

I checked everything seems alright my credit limit and outstanding all are correct. I checked payment status it is showing zero where ever they don't report it will display xxxx

Wait for few weeks , it might recover.
You can’t do much here.

 

[vaibhav111]

Today I got another alert hdfc has reported stating new address where has it is the same one. Why are the banks updating contact and address as new contact when they are the same and no changes. Any rule changes is it

yup for me, sbi updated same office address twice.

 

[vaibhav111]

good to know.. others cibil scores have taken a hit. for me 791 to 782. 9 point Decrease. could be i applied for 2 amex cc and 1 bob snapdeal cc. rest all the same and on airel app when i try for cibil, crif score of 750 showed up.. that gave me a minor attack thinking from 791 to 750.. then i gave a second look and it was crif instead of cibil.

 

[SplendorSuperman]

My Cibil also dropped to 783 from 795 , SBI Cashback and Axis Select added to report which I got in December last year.

Scapia which I got in October is yet to be added 🙂 ( hoping they don’t add ,after their Non Escapable limit downgrade) .