New Delhi, July 13 -- A sudden drop in your credit score can be alarming, particularly if you've never missed a loan EMI or credit card payment. While delayed repayments remain the biggest reason behind a lower score, they are not the only one. Incorrect reporting by a lender, unauthorised credit enquiries or even identity fraud can also affect your credit profile.

Experts say consumers should not ignore a sharp fall of 50 to 60 points, especially if there has been no significant change in their borrowing behaviour. Instead of focusing only on the three-digit score, they recommend reviewing the detailed credit report to identify the exact reason and taking immediate steps to correct any inaccuracies.

Yes, say experts.

While timely repa...