Why is my credit score dropping?

Your credit score primarily drops due to late or missed payments for loans or credit cards, as payment history is a major factor for bureaus like CIBIL. Other reasons include high credit utilization, where you use a large portion of your credit limit, and frequent new credit applications that trigger multiple hard inquiries. Closing old credit accounts can also reduce the average age of your credit history. Additionally, ensure there are no inaccuracies or fraudulent activities on your credit report by checking it regularly.