7 Common Myths About CIBIL Score You Should Stop Believing

Fact: Checking your own score is a soft inquiry and has no impact on your credit score.

Myth 1: Checking your own CIBIL score lowers it

Fact: CIBIL score depends on repayment behavior, not your salary amount.

Myth 2: A high income means a high credit score

Fact: Old accounts help build a long credit history. Don’t close them unnecessarily.

Myth 3: Closing old credit cards improves your score

Fact: Only paying the minimum keeps your account active but interest piles up and your score can drop.

Myth 4: Paying minimum due keeps your score safe

Fact: You need active credit history to build a score. No credit means no score.

Myth 5: No loans or credit cards = good CIBIL score

Fact: With consistent timely payments, your CIBIL score can recover over time.

Myth 6: Once bad, your score can’t improve

Fact: Missed payments on joint or co-signed loans impact all borrowers’ scores.

Myth 7: Joint loans don’t affect your score

Read How to Improve Your Credit Score in 12 Month

Know the Facts, Not the Myths!