Mongolia Removes Utility-Payment Data from Credit-Score Calculation
The Bank of Mongolia changed credit-scoring treatment after citizen feedback, according to a parliamentary notice. Mobile, electricity, heating, water and other utility-payment data will no longer affect the numerical credit score, although the information may remain visible separately. More than 690,000 debt records were removed from scoring, and loan repayments are to be reflected immediately. From September 20, online requests to correct erroneous records are expected to be handled within five days. The reform narrows the inputs used in scoring but does not guarantee loan approval, which remains subject to lenders' affordability and risk assessments.
M-International Editorial DeskUpdated September 7, 2026
A parliamentary notice reported that the Bank of Mongolia revised credit-scoring rules following public feedback. Mobile, electricity, heating, water and other utility-payment information will be excluded from the score calculation, while remaining available as separate information. More than 690,000 debt records were removed from scoring, and repayment updates are to be reflected immediately.
The notice said that from September 20, online correction requests should be resolved within five days. As of July 31, 27,975 borrowers had closed loans downgraded up to MNT 1.5 million, most involving non-bank financial institutions. Removing utility data can improve clarity, but each lender will still apply income, debt-service and risk rules when deciding applications.