New Delhi, June 12 -- You must have heard it several times that one should check one's credit score on a regular basis. It helps you rectify any mistake which could be there on your credit report apart from keeping you stay updated of your creditworthiness. This helps you negotiate with lenders effectively at the time of borrowing a loan.

What happens when you check yourcredit score? It leads to a soft inquiry.

Those who are not aware -- asoft inquiry is a type of credit check that takes place when you check your credit score or when a lender checks your credit for a pre-approved loan offer. This also takes place when current lenders review your account periodically. There is a misconception that soft inquiry leads to the loss of credit...