Top 10 Reasons Why Your Credit Score Has Gone Down

Hero Fincorp05 Oct, 2021Business

A credit score is nfot just a number. It reflects your creditworthiness and determines your debt repayment capacity. A bad credit score can even lead to loan rejection. But, what causes a bad credit score? Have you ever wondered, “Why my credit score dropped?” Today, we will address these questions and look at the top 10 reasons behind a credit score going down. But before that, let us first understand what a credit score is.