Why does credit score suddenly drop?
Many people are shocked when their credit score drops by a few points despite their good financial habits. No missed EMI, no misuse of card, yet problem in loan approval or interest rate higher than expected. In fact, credit score is not the result of a test, but a continuous report of your money-related habits, which reacts even to small things.
Often the reason for a falling score is not a major mistake, but things that people consider “normal” and ignore. These small carelessness gradually weaken the CIBIL profile.