New Delhi, March 20 -- A sudden drop in your credit score can be a shock, especially when you do not know why this has occurred. For borrowers in India, a good credit score is the key to taking personal loans and credit cards at the minimum rate of interest possible. That is why knowing about your credit score drop and how you can recover from it is necessary.

Some of the usual causes that can lower your credit score are:

If you find that your credit score has dropped unexpectedly, there are a number of things that you can do in an attempt to recover:

Therefore, it is clear that a dip in your credit score may be shocking still, being aware of the reasons and acting early can assist you in bouncing back quickly. With timely payments and...