New Delhi, Oct. 9 -- We are all aware that a credit score is an important metric for borrowers based on which they can secure a loan. However, there are quite a few myths linked to it. For instance, some people believe that checking your credit score would lower it. Also, there is a common perception that an increase in income is likely to improve the score. Well, these are just myths. And there are more.

Here, we try to bust them by putting them in perspective.

I. Checking your score would lower it: Fetching your credit report leads to a soft inquiry, which has no impact on your credit score. It is only when a bank or a lender checks it for disbursing a personal loan that it leads to a hard inquiry.

II. Increase in income equals incre...