{"id":24601,"date":"2022-01-31T08:29:42","date_gmt":"2022-01-31T08:29:42","guid":{"rendered":"https:\/\/tata-blog.osian.dev\/blog\/?p=24601"},"modified":"2022-01-31T08:30:21","modified_gmt":"2022-01-31T08:30:21","slug":"how-often-should-you-check-credit-score","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/whats-trending\/how-often-should-you-check-credit-score\/","title":{"rendered":"How Often Should you Check Credit Score"},"content":{"rendered":"\n

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If you’re building credit for the first time, the one thing you should be concerned about is yourcredit score. After all, this three-digit number not only serves as a reflection of your debt repayment ability but also influences how easily you can secure other lines of credit like loans or credit cards.<\/p>\n\n\n\n

Naturally, given their importance, you must keep a close tab on your credit scores. But, how often should you actually check them? Let\u2019s take a look.<\/p>\n\n\n\n

How often you should check your credit score?<\/strong><\/h2>\n\n\n\n

Many people believe that checking the CIBIL score multiple times negatively impacts it. However, truth is, one can perform a credit score checkwhenever they want and as many times as they wish. So, why is this notion still popular? Well, because most people confuse checking their CIBIL score with making a hard credit inquiry.<\/p>\n\n\n\n

A CIBIL score check<\/a> is a soft inquiry and can be made freely, without any restrictions. In contrast, multiple hard inquiries in a short span like applying for credit products like loans or credit cards can potentially lower your CIBIL score. The reason? Successive credit inquiries give credit bureaus the impression that you struggle with managing credit, and you\u2019re desperate to secure more credit to help you out. This lowers your score.<\/p>\n\n\n\n

Now that it\u2019s clear that you can check your CIBIL score frequently without lowering it, the next question is when should you check it?<\/p>\n\n\n\n

Additional Read – <\/strong>All You Need to Know About CIBIL Score<\/a><\/p>\n\n\n\n

When should you check your CIBIL score?<\/strong><\/h2>\n\n\n\n

As stated earlier, checking your CIBIL score is entirely up to you. And most Indians check their CIBIL scores at least twice a year. But is it enough? Well, that depends entirely on your credit activity.<\/p>\n\n\n\n

For instance, if your last credit activity was a long time ago, you might want to check your score every quarter to ensure there are no unnecessary fluctuations. However, if your credit activity is higher, you might need to check them more frequently.<\/p>\n\n\n\n

The most common times people check their CIBIL scores are –<\/p>\n\n\n\n