Closing the loan might not be the reason for the drop.i recently closed one of my loan , but my credit score drop by 24 points ....any specific reason ....the loan i closed is not the oldest one !
Check on One Score, they sometimes shiw the reason for dropi recently closed one of my loan , but my credit score drop by 24 points ....any specific reason ....the loan i closed is not the oldest one !
Not true, Cibil has the closed credit card and loans in "Closed accounts section"closing any credit card and loan account always effects your cbil