The most common reason for a low credit score in India is missed or late payments, which is 65%.
This is because lenders consider missed or late payments as a sign of financial irresponsibility and a higher risk of default.
Other common reasons for a low credit score in India include:
High credit utilization ratio,
Too many hard inquiries,
Short credit history,
Errors on your credit report, etc.
Improving your credit score takes time and effort, but it is worth it. A good credit score can help you qualify for loans and credit cards at lower interest rates, save money on insurance, and even get a better job!