why my cibil score decreased

Your CIBIL Score may have decreased due to several key factors that reflect riskier credit behavior. The most common reasons include:

• Missed or late payments on loans or credit card dues, which significantly affects your payment history.
• A high Credit Utilisation Ratio (CUR), meaning you used more than 30% of your total available credit limit.
• Applying for multiple new loans or credit cards in a short time, resulting in too many 'hard inquiries.'
• Closing an old credit account, which shortens your credit history and may increase your CUR.
• Discrepancies or errors found on your credit report.