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.