does loan rejection lower your credit score?

Question

or does only loan inquiries lower the score, with acceptance or rejection irrelevant?

Answer 1

inquires will lower your score...a loan rejection doesn't... :)

Answer 2

Inquiries lower your score. Rejections are not recorded in your file.

Answer 3

If any one or more of following apply to you,

• You do not know what is your credit score or credit history
• You do not understand your CIBIL report
• You have defaulted on some loan or card in the past 15 years.
• You plan to apply for a housing loan or other kind of new loan
• Your CIBIL report shows some accounts as written off or overdue
• Your CIBIL report score is below 700
• You loan or card application is rejected
• You have some accounts on your CIBIL report which you believe is not yours
• You have closed or settled some accounts and the status of the same is still not updated
• You have settled many accounts in the past and it’s classified as settled or settled post write off
• You CIBIL report is NA or NH
• You are currently overseas and need help in getting a CIBIL report.

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:-We will get the cibil report. Our CIBIL Management service includes analysis of your CIBIL report, steps to resolve any discrepancies, including its rectification. Further we assist individuals to increase their credit score and overall credibility in terms of credit worthiness clearing.

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Answer 4

both can lower your score.

Answer 5

Yes.