I have been keeping a tab on my CIBIL score from the past 6 months after understanding the importance of it. Before i became aware of CIBIL body and its functioning i have had multiple Credit card applications rejected which pulled my score down to 750.
But since October 2013 i have not applied for any CC/loan. I have an auto loan and personal loan running for 28 months now. Not a single EMI missed till date. The details on my CIBIL report is all fine and error free.
However i don’t understand the scoring. When i looked at my score for this month(JUNE) i see a drop from 808 to 783 in 3 months. I have not missed my credit card payment and EMIs not only in the past 6 months but in my life. In fact current outstanding amount on both my credit cards is ZERO. Its all there on my CIBIL report correctly.
Any idea/reason which could have affected my score ? It’s a puzzler to me.
Starting October 2013, i have been checking my CIBIL report every 3 months –
Between October and now i have not applied for any loan or credit card. Nor have i missed my EMIs and credit card bills. No delayed payments either.
October 2013- 756
December 2013- 764
March 2014 – 808
June 2014 – 783