New Delhi, April 3 -- Wealth advisors often recommend investors to keep checking their credit score from time to time. This leads to an array of advantages. You get to know whether there is an error in the credit report that should be rectified and by checking your score regularly, you can keep yourself updated of the changes in your credit report.

It is, meanwhile, important to note that checking your credit report leads to soft inquiry. Those who are not aware, a soft inquiry takes place when you check your credit score. There are other instances also when a soft inquiry takes place. For instance, when your financial institution pre-approves your loan or credit card and also when a company checks your score as part of background check....