Hi Manish and the team,
First off, thanks for maintaining such a good and informative website. Really appreciate what you are doing.
My question/ concern is as follows:
I received my CIBIL score on 2nd June 2012 and it says my Score is 710. But, on March 26, 2012 when I received my CIBIL score it was 730. My concern is that the score has gone down instead of going up.
Between March and May, I have only made more payments in a timely manner and based on that the score should have only gone up. My score was calculated as 730 in March 2012 based on all the timely payments and non-timely payments, the loans I have cleared in full, a written off credit card and all that.
So, between March 2012 and June 2012 everything else remains the same and there have been no additional defaults. Also no additional loan inquiries have been made to my account.The only difference is that I have made more payments on time (which is reflected in the June 2012 statement). But, still the score instead of going up has gone down. Do you have any idea as to why this has happened?