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Does applying for a personal loan hurt your credit score?
Credit: IndiaTimes- Published on November 15, 2023
Contrary to popular belief, getting a personal loan can actually boost your credit score. Credit bureaus calculate your score based on factors like credit history and utilization, and paying back a personal loan on time can improve both. While applying for a loan may cause a temporary dip in your score due to a hard inquiry, this...
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