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Experian - New scoring method?!?!
- Thread starter Andapally
- Start date
- Replies 199
- Views 10K
Did you check in official Experian website.
Initially I checked on OneScore App and that showed my old score.
Checking my score in the website gave me a reality check
girish3456
TF Premier
Can you share the link please where can we check our Experian score on the latest portal
Experian Credit Score
consumer.experian.in
Or message them on WhatsApp https://wa.me/+919920035444 from your registered mobile number.
So both are pretty close
real_name_hidden
TF Premier
Mine dropped from 822 to 809. Checked on website
Cibil : 794
Cibil : 794
very good score , in fact
mine dropped from 851 to 822
excellent score .. keep it up ..
that is the aim of V3, get it at par with CIBIL score by bringing the inflated numbers in V2
Mine went from 870 to 791. Also same credit inquiry, today I checked the score via WhatsApp and the inquiry is of today itself categorised as consumer search. I don't understand why checking own report added an enquiry.
Earlier experian scores were extremely exaggerated, good thing they're settling down.
Last edited:
Mine down from 794 to 767 but CIBIL at 792.
girish3456
TF Premier
Mine has dropped from 835 to 805Experian Credit Score
Or message them on WhatsApp https://wa.me/+919920035444 from your registered mobile number.
RAMESH BABU N
TF Legend
The undue importance given to credit rating scores must have started when non-bankers have started deciding banking issues.
These stupid scores are indicators of the past. Not the future. How can these scores determine the future of a CC holder ? These scores have almost eliminated the role of a Banker - as only a banker estimates n predicts the financial wellbeing (or otherwise) of a borrower.
Strangely, till I took VRS from SBI in 2012, I never ever even bothered to know my credit scores. Good golden days.
Today, even before one's application is completed - online - these scores decide to proceed or drop the application mid-way.
As a Banker, I am extremely unhappy with this stupid n illogical trend.
These stupid scores are indicators of the past. Not the future. How can these scores determine the future of a CC holder ? These scores have almost eliminated the role of a Banker - as only a banker estimates n predicts the financial wellbeing (or otherwise) of a borrower.
Strangely, till I took VRS from SBI in 2012, I never ever even bothered to know my credit scores. Good golden days.
Today, even before one's application is completed - online - these scores decide to proceed or drop the application mid-way.
As a Banker, I am extremely unhappy with this stupid n illogical trend.
Sir
As a banker you are better aware of how these finance world works but as a non banker let me put forward my thoughts.
These days every one is in the race of acquiring more number of customers while keeping NPA low. The credit score ratings while being indicators of past gives a glimpse of future also. A person who has used credit responsibly is more likely to maintain his behaviour in future also.
Same is followed in courts also. A repeat offender is given harsher sentence whereas a first time convict is dealt leniently.
I agree that a banker can estimate the financial well being much better, but in this fast finger first world time resources are at premium and banks are taking calculated risks.
For higher amount borrowings such as home loan, it is always a banker who does due diligence.
Online approval or rejection algorithm are always subject to some error and that's where human intervention can change the decision.
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