Does it hurt your score?
Tap your answer for each one.
Checking your own credit score
Checking your own score is a soft enquiry and never lowers it.
Paying a credit card bill 10 days late
Late payments are the biggest negative factor and stay on your report for years.
Using 80% of your credit card limit
High utilization suggests you are stretched. Try to stay below 30%.
Applying for several loans in one month
Each application is a hard enquiry; many in a short time can lower your score.
Closing your oldest credit card
It can raise your utilization and shorten your credit history.
Having a home loan and a credit card both paid on time
A mix of secured and unsecured credit, paid on time, usually helps.
"Settling" a loan for less than you owe
A settled account is reported as "settled", which lenders see as a default.
Your salary going down
Credit scores don’t include income, though lenders check it separately.
What makes up your credit score
- Repayment history: paying EMIs and card bills on time, every time. This matters most, and paying only the minimum due keeps debt around for years.
- Credit utilization: how much of your card limits you use. Check yours with the credit utilization calculator.
- Length of history: older accounts help.
- Credit mix: a balance of secured loans (home, car) and unsecured credit (cards, personal loans).
- New enquiries: many loan applications in a short time count against you.
These pages are general education, not credit advice. WealthFeedz is not a credit bureau or lender.
