Key Changes in the CIBIL Score System 2025:
- Score Updates Every 15 Days: Your CIBIL score is now refreshed twice a month instead of once, so timely payments and corrections reflect faster.
- Mandatory Disclosure of Loan Rejections: If your loan or credit card application is rejected due to your credit score, the lender must now clearly tell you that the CIBIL score was the reason.
- 30-Day Window to Fix Errors: If you find any mistakes on your credit score, you can now have 30 days to dispute and correct them before the lender can proceed with your application.
- Human Review Required: No more automatic rejections based solely on a low score. A real person must review your application before a final decision is made.
- Credit Report Access & Notifications: You’ll receive SMS or email alerts whenever someone checks your credit report, and you’re entitled to one free credit report per year from each bureau.
Sudheendra Kumar ( Mobile /WhatsApp: 91-9820088394)
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