LOW CREDIT SCORE � WHY & HOW YOUR CREDIT SCORE DIPS?

Homeloan05 Feb, 2021Finance

Handling a Dip in Credit Scores. There are lots of reasons why your credit score could have gone down, including your credit card bill or a loan EMI, not paying any of these timely is sure to make your credit score dip. However, what happened was the exact opposite. His banker responded with an offer of just 5 lakhs of loan amount for not more than 3 years that too at a higher rate of interest than what he was expecting. Ravi was shocked to know this and when he reached out to his banker asking the reason for a reduced offer, he was told he had a ?low credit score?.