Many times, it occurs that despite all the documentation being proper, the loan is not able to be identified. As a result, the banks inform the borrower that they have a negative credit score. Your credit score may suffer more damage if, in addition to the missed payment on the EMI, you are also late with the payment on the loan or credit card. If your credit score has dropped as a result of this circumstance, then it is important that you learn how to raise it here. What factors lead to a decrease in one's credit score? If you have taken out a loan from a bank and are unable to make the required monthly payments on time, then your credit score will suffer as a direct result of this circumstance. When a loan settlement, a loan default, or a credit card payment is not paid on time, a person's credit score suffers, and this is reflected in the person's overall creditworthiness. In addition to this, if you have agreed to be a guarantor for a loan and the money for the loan ha