CIBIL score dropped without reason? Here are 5 hidden factors to check

If you've noticed a sudden drop in your credit score despite paying your EMIs on time, you're not alone. Several hidden factors can impact your score: 1. High Credit Utilization: Utilizing more than 30% of your credit card limit. 2. Co-signed Loan Defaults: A default by someone you co-signed for. 3. Hard Inquiries: Making too many fresh loan applications in a short span. 4. Administrative Errors: Banks incorrectly reporting a closed account as open. 5. Closing Old Cards: Shutting down your oldest credit account reduces your average credit age.