The credit score myths we need to stop believing in 2025 may be secretly costing us money — and most of us don’t even realise it.
Your credit score is more than a number — it affects your loan interest rate, credit card approvals, EMI burden, insurance premiums, and even your financial confidence.
But the real problem?Many of us still follow outdated advice, old “hacks,” or simply misunderstand how CIBIL actually works.
So today, let’s clear the confusion.
Below are the top credit score myths people still believe in 2025 — and the truth behind them.
Checking your own CIBIL score (through an app or website) is a soft inquiry — it does not reduce your score.Only lender-initiated “hard inquiries” affect it.
Paying the minimum amount avoids late fees, but your balance remains high. This increases your credit utilization ratio, which can lower your score.
Tips: Always try to pay the full amount or keep utilization under 30%.
Closing an old card reduces your total available credit and shortens your credit history — two factors that negatively impact your score.
Using your card sparingly doesn’t build credit history. Small, regular transactions + on-time payments help more.
Loans help build credit only if you repay responsibly.
Multiple loans at once = many inquiries = a drop in score.
Income doesn’t directly affect CIBIL.It only impacts your loan eligibility.
A high score improves your chances, but banks still check:
CIBIL is just one piece of the puzzle.
CIBIL score can be rebuilt in 3–12 months with consistent repayment and low utilisation.
Many users discover errors, fraud, or incorrect entries too late, which costs them loans.
A single late EMI can reduce your score by 50–100 points.
A strong credit score makes everything easier — approvals, interest rates, and financial planning.
CreditsIn supports your financial journey by helping you:
This means:
Your credit score shouldn’t hold you back — let CreditsIn guide you to the right offers at the right time.
Disclaimer: This blog is for educational purposes only. Credit scores and loan approvals depend on individual financial history and lender policies. Always verify with your bank or financial advisor before taking action. CreditsIn does not guarantee credit score improvement or loan approval.
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