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Hard Inquiries and Their Hidden Impact on Credit Score
Too many hard inquiries in a short time can lower your CIBIL score by several points; space out applications wisely.
Each loan or credit card application triggers a 'hard inquiry'-and multiple inquiries in a short span can drag your score down by 3-5 points each.
More than three inquiries within six months indicate ‘credit hunger’ to lenders. In contrast, checking your own report triggers a ‘soft inquiry,’ which doesn’t affect your score.
Experts recommend spacing loan applications at least 90 days apart to maintain score stability.