Credit Score Drop

rancho

KF Rookie
Hey guys,
Is a 18 points drop in credit score normal?
I applied for a credit card 3 months ago and it was approved. I have made all my payments on time and in full. Yet this month, while my CIBIL score jumped to 771 from 755, both experian and equifax dropped by 18 points.
What could be the reason for this?
As much as I can see, there isn't any unauthorized activity in my report.
 

hitirfan

KF Mentor
Hey guys,
Is a 18 points drop in credit score normal?
I applied for a credit card 3 months ago and it was approved. I have made all my payments on time and in full. Yet this month, while my CIBIL score jumped to 771 from 755, both experian and equifax dropped by 18 points.
What could be the reason for this?
As much as I can see, there isn't any unauthorized activity in my report.
Don't worry about those. Was there any drop in CIBIL Score?
It could be addition of new account in Credit Score or hike in credit Utilisation ratio.
 
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