New Delhi, June 6 -- Your credit score, which is a key financial indicator for loan eligibility, can fall dramatically even by up to 100 points, if certain common financial missteps are not sidestepped.

There are basically three major actions that are responsible for significant score drops and they are delayed repayments, over utilisation of credit limits and closing of old credit accounts. Therefore such a serious drop in credit score can have negative effects on your overall credit profile.

On the same issue, Nish Bhatt, Founder & CEO, Millwood Kane International says, "A 100 point drop in your credit score isn't just a casual number because it can impact everything starting from loan approvals to insurance premiums. We see far too m...