5 Factors That Don’t Impact Your Credit Score

By | December 26, 2017

The factors that dent your score are well documented, however, there are other factors that don’t have an impact on your score at all. Read on to know about the factors that don’t affect our Credit Score.

5 Factors That Don’t Impact Your Credit Score

Your Credit Score is an important part of your credit report. It moves up or down depending on how you manage your Credit Cards and loans among other things. And while the factors that dent your score are well documented, there are other items which don’t pose an impact on your score at all.

It helps to keep these in mind, so you can understand the universe around your credit report and score better.


While information about your employer may be part of your credit report, details about your income are not. It doesn’t really matter whether you earn a high or low salary, rather it’s all about how well you manage your finances. By that proviso, a high salary will not boost your score just as a low salary won’t drag it down.

Debit Card Usage

Since banks don’t report transactions made on Debit Cards to credit information bureaus, your habits around your Debit Card will not have an effect on your Credit Score.

Insurance Payments

Insurance companies look at your Credit Score before deciding your premium. But they do not report your timely payments to credit agencies. These payments will not impact your Credit Score. Of course, if you fail to make a payment, your policy might be cancelled. But, rest assured, your Credit Score will remain intact.

Utility Bills

Timely payments of your utility bills – such as your phone bill – won’t help your Credit Score. However, if you decide to settle your bill via your Credit Card and don’t pay your bill on time, it will definitely hurt your score.

Checking Your Score

You can look up your Credit Score through a soft enquiry as many times as you like. This won’t hit your score or report. But, if a bank retrieves the report – it is considered a ‘hard enquiry’ and will affect your score.

In all, it helps to understand the elements that play a part in deciding your Credit Score and the ones that do not. You can always head over to BankBazaar.com to obtain a free copy of your Credit Report.

BankBazaar.com is a leading online marketplace in India that helps consumers compare and apply for Credit Card, Personal Loan, Home Loan, Car Loan, and insurance.

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit www.bankbazaar.com for the latest rates/offers.
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About Adhil Shetty

Adhil Shetty is the Founder and serves as the Chief Executive Officer of BankBazaar.com. Adhil has a Master’s degree in International Relations with a specialization in International Finance and Business from Columbia University in the City of New York, and a Bachelor’s degree in Engineering from the College of Engineering Guindy, Anna University. Adhil is an expert in Personal Finance (Car loan/Home loan and personal loan) and he majorly consults on investment and spends rationalization for the Indian loan borrowers. His guidance is number based with real time interest rate calculations and hence useful for consumer’s real time query.

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