CIBIL increased but Experian and CRIF crashed badly after multiple credit card failed applications
- 5236
- 71
-
- Last Comment
I always have been very careful in beginning new credit lines, including credit cards but recently got carried away by all lucrative cards and applied for new ones left, right and centre.
HDFC regalia – rejected (always wanted to own a HDFC card so applied for it)
HDFC millenia – rejected
Axis ace – rejected (twice in 3 months)
Axis flipkart – rejected
SBI simplyclick – rejected (just got to know)
My experian score fell from 840 to 729
CRIF fell from 800 to 660 (a drop of 140!)
OneScore app refreshed the CIBIL score today and it went up from 785 to 786 which was quite surprising. I was actually fearing CIBIL score to crash as well but luckily it didnt happen.
Any clue as to what’s happening?
- Sort By
Thanks for your comment. Shall attach the full masked report in the evening once I get back home.
My overall and individual credit utilisation is always low, below 10%. Even when there are any high value transactions made, I ensure to pay the card back well before the statement is generated.
Glad i am not the only one. Crif fell to 600 but no change in cibil. Not a conspiracy theorist but could this be a method to stop people from taking loans and increasing npa’s etc?
Absolutely…it’s a conspiracy theory to sell SBI for peanuts 🤫😉
My experian score fell from 882 to 838 this month. Unable to see Cibil score for this month from OneScore, it was 769 last month.
But I am glad that my CIBIL score is at least maintained well for now.
It’s a lesson learnt well the hard way to never over abuse anything. No more new credit card applications from my end for another year or so.
My Experian also fell from 790 to 675 after adding 2-3 new accounts ONLY. While CIBIL decreased from 789 to 779 only.
Already dispute raised to Experian to mark 2 accounts closed which is already updated in CIBIL Report.
Only Cibil matters for Indian Banks and others credit bureaus just copy paste from cibil 
too many hard enquiries make you look credit hungry and the rating agencies can portray you as a credit risky person. I’d suggest a cooldown of 2 months at least between hard enquiries
I believe CIBIL will go down in case you do a personal loan hard enquiry, happened with me and even in that case the score went down by 5 pts or so, since it was bank mistake, I got it rectified and then it was back on track
…Wait for next 3 month reports…you will find gradual or sharp decline…sorry bro…hard fact….
I don’t mind as long as it holds on for 15 days. My home loan sanction letter is approved and will complete technical clearance in 15 days. Not even sure if any cibil check would be there after sanction letter in generated though.
Post that I don’t intend to open any new credit lines for next 1 year or so anyways.
Some issue with experian, I think. Already, there are two threads about it wherein Ive mentioned about my experience. My Experian also went down by nearly 150 points and CRIF by around 120 points in July/August.
On analysis, had found that they had mistakenly mentioned IDFC saving balance as overdue loan. Tried contacting them but couldn’t find experian contact details. However, they rectified themselves in next report (Current month) and my rating is again back to 750+ in Experian and 780+ in CRIF.
Didnt check CIBIL last month during this issue but I checked now and it is around 770. So, check if you have any unknown overdue loan amount in your report.
Good suggestion, let me check
Looks like Experian changed there Algorithm. My score is decreased while Cibil is marginally increased as well and I have heard similar stories from others as well
I think now a days many r not considering Experian score now crif score is introduced n cbil is normal.same happened for me fell 100 points nearly now at 700 but cbil no change
Same Bro
CIBIL score is reasonable,
CRIF and EXPERIAN are high AF.
At least you can justify drop because of too many rejections. Mine got reduced after petty approvals 🤣🤣 .
I also posted yesterday similar query, got good suggestions from everyone. Tonight came to know ICICI increased CC limit 3 times.
Only Score that matters is CIBIL.If it is above 750 then nothing to worry.
Unless one is looking for a big loan such as home loan. Higher score above a certain threshold results in lesser interest rate. That threshold differs from bank to bank.
Update on 14th October 2021
Got a free refresh of scores on Cred app and here are the changes
My experian score fell from 840 to 729 previously and now back to 809
CRIF fell from 800 to 660 (a drop of 140!) previous and still remains the same even now
CIBIL moved from 785 to 787.
Looks like some erroneous reporting on Experian led to a fall and it’s back up again. CRIF still screwing up the score.
I have decided not to get any new credit cards for 1 year however good the offers are. I intend to get a premium card from HDFC so visited the branch and opened a HDFC Savings Max account. Will stop using my ICICI account and start using HDFC account actively to build a better relation. May be that will prompt them to offer a premium card a few months later.
5 months later and just sticking to my routine payments on time, as always. And maintaining less than 5% credit limit utilisation ratio, my credit ratings are better than previous levels.
CRIF 824
Experian 835
CIBIL 790
No clue why they fell and no clue why they have risen again :\
credit limit utilisation ratio
paji can u please explain this with an example?
Hi, thanks for sharing your scenario. I have a beginner question on credit utilisation if you don’t mind helping. I understand the reported date could be anytime, but what if I repay the amount used always after the usage(like a debit card). Is that bad in terms of utilisation since the usage is almost nil or overpaid most of the days ? thanks for your help
If possible attach screenshot of the active line of credits, and the hard inquiries done (mask the personal/card details) from the onescore app or the report for analysis, hard to conclude w/o full report.
However guessing by the scores, it appears that the hard hits might have been made only to non-cibil credit bureaus hence the impact to them, but not to this. Also, you might have increased this months credit utilization on your existing cards, which got reported to non-cibil bureaus first, and still haven’t been reported to cibil yet… something of this sort. Can’t comment much w/o the proper analysis of the masked credit reports.