why cibil score decrease

A CIBIL score can decrease primarily due to poor credit behavior and financial management. The most common reasons include:

• Late or missed payments on loan EMIs and credit card dues, as payment history carries the most weight.
• Maintaining a high Credit Utilization Ratio (CUR), which means consistently using more than 30% of your available credit limit.
• Applying for multiple new loans or credit cards within a short duration, leading to several hard inquiries.
• Errors or discrepancies present on your credit report.
• Closing old credit card accounts, which shortens your credit history.