SOURCE: keyless chuck will not tighten down enough to hold bit
What size bit are you using if it is real small it may be below the min sixe require for that chuck .If it is say 1/8 or larger it may be time for a new chuck .They are easy to replace open the chuck as far as you can there is a screw inside them most of them are left hand threads just back it out and tap the chuck loose with a hammer .Make sure you know the threads of your chuck when you buy the new one most are 1/2-20 but some can be 3/8-24 tpi
SOURCE: I have a Black & Decker 18V cordless drill
Look at the three jaws in the chuck,if on is further out than the others the you need to tap ti back into place with a small punch and a hammer.If this does not work then you need to replace the chuck,remove the screw at the bottom of the chuck[where you put the bit],then you will need to to clamp vise grip on the chuck and with it pointed away from you hit the vise grips with a hammer with a sharp blow downward and it should come off.Hope this helps.
SOURCE: Black & Decker cordless drill 9.6V chuck will not come off shaft
If it won't close the only other option you have is to break the outer collar and use a chisel to hit on the exposed jaws inside the chuck. I have detailed instructions in the tip section on how to remove a chuck from these drills. Let me know if you need more assistance.
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