Checking your CIBIL or credit score lowers the score
When you check your CIBIL or credit score, it’s considered a “soft inquiry,” which has no impact on your credit score.
Soft inquiries are for informational purposes, such as checking your own score or when creditors pre-approve you for offers. On the other hand, “hard inquiries” made by lenders when you apply for credit may slightly impact your score, but it’s usually temporary.
Regularly checking your credit score is essential for monitoring your financial health and managing your credit responsibly. It won’t hurt your credit score.
Read more about factors affecting your credit score and 8 important credit rules to follow here.
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