Reasons your credit score might fluctuate without new borrowing
Your credit score can shift even if you haven't taken out a new loan, as financial institutions regularly refresh credit reports with information on account balances, repayment status, and recent inquiries. Factors such as your history of payments, how much credit you use, the variety of accounts you hold, the age of your credit history, and recent credit applications all play a role in determining your score. Since CIBIL keeps records of lender inquiries for up to 36 months, submitting several applications can impact your credit standing, even if you do not end up taking a loan.
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