Does a Name Change Affect Your CIBIL Score

There are times that an individual chooses to change the name either after marriage or the name is printed wrong due to spelling errors. In case you have recently changed your name, it is highly recommended that you change your name on every official document as well to avoid any confusion regarding your identity.

Let us know what happens when you change your name in CIBIL Report and what impact does it have on your CIBIL Score.

How Changing Your Name Affects Your CIBIL Score?

Your name is one of the most important details in your CIBIL Report. Other factors include your repayment history, number of accounts, credit utilization ratio, and more.

A loan is sanctioned by the lenders on the basis of your Credit Score which makes it imperative to have a correct name on your credit report. However, there’s no such impact on your credit score but errors like wrong name in your report will only delay the loan application process.

Also Read: How do I check my CIBIL score online for free?

Notify CIBIL About Your Name Change

When you change your name it is advisable that you notify CIBIL about the same. You may mail them regarding the name change in order to avoid any delay. Alternatively, you can raise a dispute on the official website of CIBIL for rectification of your name.

When a dispute is raised, there are certain details which need to be provided such as-

• Current full name
• Full name registered with the bank or the lender
• Current residential address 
• Your Aadhaar number in case it is linked to the loan account
• Proof of name change such as marriage certificate, etc.
  

Also Know: How can I get my name removed from defaulters list of CIBIL?

Things to Keep in Mind

• The new name is added to your CIBIL Report after notifying the lenders if you ever make any change in your name. The change of name is reported to all the credit bureaus and is then replaced with the old one which remains in the credit history
• You need to regularly follow up with the credit bureau to ensure that your new name is incorporated. Once the same has been incorporated in the records of CIBIL, there will be no delay in applying for a new loan or credit card.
• It may take up to 30 days to get the name updated

Other Credit Score Related Articles: