<\/span><\/h3>\n\n\n\nA sudden decrease may result from missed payments, increased credit utilisation, new hard enquiries, loan settlements, account closures, or updated information reported by lenders. <\/p>\n\n\n\n
<\/span>Why did my score drop without any reason? <\/span><\/h3>\n\n\n\nMost score changes have an underlying cause, such as updated lender reporting, higher outstanding balances, new enquiries, or changes in your credit history. <\/p>\n\n\n\n
<\/span>How many points does a missed EMI reduce my score by? <\/span><\/h3>\n\n\n\nDepending on your previous credit profile, a single missed EMI may reduce your credit score by approximately 50\u2013100 points. <\/p>\n\n\n\n
<\/span>Does closing a credit card lower my score? <\/span><\/h3>\n\n\n\nYes. Closing an old credit card may reduce your average credit history length and increase your credit utilisation ratio, both of which can lower your score. <\/p>\n\n\n\n
<\/span>Does checking my own score reduce it? <\/span><\/h3>\n\n\n\nNo. Checking your own credit score is considered a soft enquiry and does not affect your credit score. <\/p>\n\n\n\n
<\/span>How long does it take to recover a dropped score? <\/span><\/h3>\n\n\n\nWith responsible repayment behaviour and lower credit utilisation, noticeable improvement often occurs within 3-6 months, while recovery from serious credit issues may take considerably longer. <\/p>\n\n\n\n