scorecardresearchThis is why your credit score may have dropped. Here's how you can improve it

This is why your credit score may have dropped. Here's how you can improve it

Updated: 30 Jul 2022, 08:13 AM IST
TL;DR.
Many people do not pay attention to their credit scores unless they are charged with very high-interest rates on the loans they seek or have to face total loan rejection. Checking your credit report regularly ensures that you are aware of your credit score and strive to keep it high always. 
A lower credit score translates to higher interest rates on loans or rejection of loan application altogether.

A lower credit score translates to higher interest rates on loans or rejection of loan application altogether.