https://www.desidime.com/discussions/cibil-score-decreased?page=1#post_9267975
How much is the utilisation?
Reason could be many, may be they are correcting the cibil.
From 767 to 820 it will take more than 6 months.
Cibil Score Decreased
- 544
- 11
-
- Last Comment
Hi,
From 820 it came to 767 how much time does it will take to recover..
Timely payments done.
what could be the reason for fall ?
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https://www.desidime.com/discussions/cibil-score-decreased?page=1#post_9268089
Reasons to fall
Delay / faild to pay bills
High credit utilisation
Too many inquiries recently
You might have closed some old credit cards
https://www.desidime.com/discussions/cibil-score-decreased?page=1#post_9268274
I think he closed his oldest credit card or forgot to reply to email to keep the credit card
or
credit card over limit in statement
43 points is to much
https://www.desidime.com/discussions/cibil-score-decreased?page=1#post_9268292
woodfield753 wrote:Yes I had closed my first & oldest SBI Simplysave credit card recently.
I think he closed his oldest credit card or forgot to reply to email to keep the credit card
or
credit card over limit in statement
43 points is to much
https://www.desidime.com/discussions/cibil-score-decreased?page=1#post_9268316
Does closing the oldest credit card lead to drop in CIBIL??
The repayment track record is maintained for max 7 years. So what if there are more than 1 credit cards with 7 years history in CIBIL statement & one of them is closed?
https://www.desidime.com/discussions/cibil-score-decreased?page=1#post_9268323
https://www.desidime.com/discussions/cibil-score-decreased?page=1#post_9268391
rn09 wrote:Does closing the oldest credit card lead to drop in CIBIL??
The repayment track record is maintained for max 7 years. So what if there are more than 1 credit cards with 7 years history in CIBIL statement & one of them is closed?
Yes it will decrease you credit history, it would be better if we have long credit history, good to keep old credit cards
https://www.desidime.com/discussions/cibil-score-decreased?page=1#post_9268396
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bobby_123 wrote:
Yes I had closed my first & oldest SBI Simplysave credit card recently.
Holding onto old credit cards help because around 10-15 per cent of your credit score depends on the length of credit history you maintain along with other factors such as payment history (30-35 per cent), credit utilisation (20-25 per cent), and credit mix (15-20 per cent).
https://www.desidime.com/discussions/cibil-score-decreased?page=1#post_9268532
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woodfield753 wrote:
I did told you back then dont do it but 43 is to much
Hey guys, its now showing 780... not sure why it was showing 767 in morning
https://www.desidime.com/discussions/cibil-score-decreased?page=1#post_9270154
Don't be too obsessed with Credit Scores...They are just 1 factor among many others...
Payment History matters great deal..
I've had score drop to way down after a shady loan company reported wrong info..But I fought that and got score back in few months
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