Does Checking Your Own Credit Score Lower It?

One of the most common myths in personal finance is that looking up your own credit score will bring it down. The short answer is: no, it will not. Checking your own credit score is completely safe and has zero impact on your score. Understanding why requires knowing the difference between two types of credit inquiries — soft pulls and hard pulls.

What is a soft inquiry?

A soft inquiry, also called a soft pull, occurs when you or an authorised party checks your credit report for informational purposes. This includes checking your own score on platforms like Stashfin, pre-approved loan eligibility checks, and background verification by employers. Soft inquiries are not visible to lenders and do not affect your credit score in any way. No matter how frequently you check your own score, soft inquiries leave no mark on your credit profile.

What is a hard inquiry?

A hard inquiry, also called a hard pull, occurs when a lender or financial institution formally reviews your credit report as part of a loan or credit card application. Each hard inquiry can cause a small, temporary dip in your credit score — typically a few points — and remains on your credit report for a period of time. Multiple hard inquiries in a short span can signal credit-hungry behaviour to lenders and may have a cumulative negative effect.

The key difference

The fundamental distinction is intent and initiation. When you check your own score, you are not applying for credit — you are simply monitoring your financial health. This is always treated as a soft inquiry by credit bureaus. Only formal credit applications that require lender assessment trigger a hard inquiry. Knowing this difference helps you stay informed without any hesitation.

Why you should check your credit score regularly

Regular self-monitoring is one of the most responsible financial habits you can build. Checking your score frequently allows you to catch errors or discrepancies early, track the impact of your repayment behaviour, understand where you stand before applying for a loan, and identify any unauthorised credit activity in your name. None of these checks will hurt your score — in fact, staying informed helps you protect and improve it over time.

How to check your credit score on Stashfin

Stashfin allows you to check your credit score for free. The process is quick, requires minimal information, and is entirely a soft inquiry. You can check as often as you like without any concern about your score being affected. Staying aware of your credit standing puts you in a stronger position when you do decide to apply for credit.

Credit scores are indicative and subject to change. Stashfin is an RBI-registered NBFC. A credit score does not guarantee loan approval. Terms vary by applicant profile.