💡 Lawfully Finance, India’s No. 1 trusted debt relief platform, brings you the truth behind the biggest credit score myths that are silently ruining your financial future.
A huge number of Indian borrowers are unknowingly living with false beliefs about their credit reports, causing rejections in loans, credit cards, and even job applications. Let’s clear the confusion today:
✅ Top 15 Myths That Are Hurting Your Credit Score:
❌ Myth 1: Checking your own credit score will lower it.
✅ Truth: Soft inquiries like checking your score through apps or reports do not impact your score. It’s only hard inquiries by lenders that do.
❌ Myth 2: Paying minimum dues on credit cards is enough.
✅ Truth: Only paying minimum dues leads to interest accumulation and hurts your score over time. Always pay full dues whenever possible.
❌ Myth 3: Closing old credit cards improves your score.
✅ Truth: This shortens your credit history, which can reduce your score. Keep old cards active with small purchases.
❌ Myth 4: A low credit score is permanent.
✅ Truth: With expert help (like that from Lawfully Finance), even severely damaged scores can be repaired in a few months.
❌ Myth 5: You must carry credit card debt to build credit.
✅ Truth: Keeping zero balance and just using the card regularly builds good credit without debt.
❌ Myth 6: Settling a loan is better than defaulting.
✅ Truth: While better than defaulting, settlements are marked as “Settled,” which is still a negative remark. At Lawfully Finance, we help clients settle smartly with guaranteed NOC and removal of remarks whenever possible.
❌ Myth 7: Paying off all debt increases your score immediately.
✅ Truth: Scores update gradually and sometimes take 30–90 days to reflect changes. There’s no instant magic.
❌ Myth 8: Income level affects credit score.
✅ Truth: Credit scores only depend on repayment behaviour, not your salary or business income.
❌ Myth 9: One missed EMI won’t harm your score.
✅ Truth: Even a single 30-day late payment can cause a drop of 50–100 points in your score.
❌ Myth 10: All debt relief platforms are the same.
✅ Truth: Most platforms charge high commission, don’t offer legal support, and don’t help repair CIBIL after settlement.
👉 Lawfully Finance provides a full 360° solution with NOC assistance, legal draft replies, credit rebuilding, and more.
❌ Myth 11: You can’t improve your score without taking a loan.
✅ Truth: You can improve it using secured FD credit cards, credit builder tools, and smart EMI purchases—even without big loans.
❌ Myth 12: CIBIL score is the only score that matters.
✅ Truth: There are 4 credit bureaus in India—CIBIL, Equifax, Experian, and CRIF Highmark. Lenders may check any of them.
❌ Myth 13: If my loan is in dispute, I can ignore recovery calls.
✅ Truth: Ignoring can worsen the situation. With Lawfully Finance, you can handle recovery agents legally and safely.
❌ Myth 14: Loans from BNPL apps don’t affect credit.
✅ Truth: Most Buy Now Pay Later (BNPL) apps now report to credit bureaus. Missed payments damage your score.
❌ Myth 15: You can’t repair your score after an account freeze.
✅ Truth: With the right legal and financial strategy, your score can be rebuilt, even after account freezing or lawsuit threats.
🌟 Why Lawfully Finance Is Your Best Credit Score Partner?
🛡️ Zero Commission & No Middlemen: Unlike scam agencies, we don’t take a cut from your settlement. You deal directly with your bank — we only guide and support legally.
📜 Guaranteed NOC Support: Every case we handle aims for written closure letters (NOC) post-settlement.
📈 CIBIL Score Repair Experts: From FD cards to legal deletions, we repair, not just settle.
📞 Unlimited Support Until Closure: No generic emails. You talk to real human advisors till your problem is solved.
💼 Track Record of 1,000s of Resolved Cases: With verified testimonials and zero scam complaints, Lawfully Finance has emerged as India’s most trusted debt relief platform.
✨ Real Case Example:
Rakesh Kumar, a working professional from Delhi, had 4 loan defaults totaling ₹4.2 lakhs. Every agency denied help, demanding upfront ₹30,000 without clarity.
He approached Lawfully Finance, where:
- His settlement was done for ₹1.8 lakh
- He received 4 NOCs
- His CIBIL improved from 531 to 707 in 6 months
- No further harassment, no court threats
Now, he refers us to his entire circle.
📣 Don’t Believe Myths – Believe Results.
“Your credit score isn’t just a number. It’s your financial identity. Protect it with Lawfully Finance.”
👉 Enroll now. Become debt-free, stress-free, and score-high.
Only at India’s No.1 Trusted Credit & Debt Relief Platform — Lawfully Finance
