Key Changes in the CIBIL Score System 2025

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Key Changes in the CIBIL Score System 2025:

  1. Score Updates Every 15 Days: Your CIBIL score is now refreshed twice a month instead of once, so timely payments and corrections reflect faster.
  2. 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.
  3. 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.
  4. 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.
  5. 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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Tags :

Corporate Law

,

Indian and Global Economy

,

SEBI

,

Startup

,

Taxation and Statutary Compaliances News

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Uncategorized

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