Misconceptions around credit score: Does checking the score often affect it adversely?

2 months ago

Misconceptions around credit score: Does checking the score often affect it adversely?

A credit score is a three-digit number that reflects your credit worthiness. On the other hand, when the credit score is lower than 600, it is considered poor and it means you may face difficulties in getting the loan at a low rate of interest. There are two kinds of credit enquiry: Soft enquiry: A soft enquiry is the one when you check your credit score and make a report or when a lender does a pre-approval check. Checking your credit score lowers it: Several people believe that simply checking their own credit score will reduce it. Your credit score updates instantly: When you clear your old dues, it takes some time for the credit information companies to update the credit score by making the changes.

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Free credit score check: You can download your report in minutes. Here’s a step-by-step guide

1 week, 3 days ago

Free credit score check: You can download your report in minutes. Here’s a step-by-step guide

India

What is a soft inquiry and how does it impact your credit score?

1 week, 3 days ago

What is a soft inquiry and how does it impact your credit score?

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Credit score: What leads to hard inquiry? Its impact and how to avoid it?

1 month, 1 week ago

Credit score: What leads to hard inquiry? Its impact and how to avoid it?

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Does checking credit score often affect it adversely? Know some major misconceptions

2 months ago

Does checking credit score often affect it adversely? Know some major misconceptions

Credit

Credit score: How often should you check it, and what impact does it have?

3 months ago

Credit score: How often should you check it, and what impact does it have?

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Boost Your Credit Score: Tips to Achieve and Maintain a Healthy CIBIL Score

3 months, 1 week ago

Boost Your Credit Score: Tips to Achieve and Maintain a Healthy CIBIL Score

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Want a good credit score? Here are 8 key factors you must know

4 months, 2 weeks ago

Want a good credit score? Here are 8 key factors you must know

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Beyond Three Digits: The Role of Credit Scores in Loan Approvals

1 year, 5 months ago

Beyond Three Digits: The Role of Credit Scores in Loan Approvals

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Here are credit score quirks to know about before you apply for a loan

2 years, 4 months ago

Here are credit score quirks to know about before you apply for a loan

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Your Questions Answered: What lenders see when they check my credit report for loan approval?

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