Credit Bureau does not punish anyone, on the contrary, it provides you with a credit report to make love and convince credit grantors. The special credit report is simply a history that reflects what credits you have and the decisions- good or bad- that you have taken. The information is updated, at least once a month, so if you put the leg you can always improve and re -establish a positive trend. The report is used for credit grantors to have the necessary elements to make an objective evaluation of a client or potential client with timely and quality information taking into account their own business and risk tolerance models.
Credit information needs to come from all possible sources and live enough time, as it does now, so that, in addition to indicating risk or opportunity to avoid over -indebtedness.
Or would you provide money or a credit service to someone who presents little or incomplete information about him? Let’s see, do you know if the person who asks for you has the ability to pay for what he asks for? Do you know if it is a good payer or not? Do you know if you have generated brokenness or made fraud? Do you have elements to decide the terms and conditions of the loan? Will the client need a guarantee, obliged solidarity or guarantee to access credit? Does the person have judgments? Is the person asking for credit to terrorism? Without the information provided by credit you could not answer these questions.
What if there was an error in the credit report? Ah, there can be claims directly in credit bureau; Two a year completely free.
And to this, do you know the information of the special credit report which is free once every 12 months and that you can ask at www.burodecredito.com.mx?
In addition to your general data, you will find the name of the company that granted the credit, the account number and the type of credit, followed by several boxes with detailed information about these credits:
– Opening: It is the date you opened your credit, this speaks of credit experience.
– Last pay: It is the date you made the most recent payment.
– Closing: Indicates the date on which the credit was closed.
– Currency: Describe if your credit is in pesos, dollars or you.
– Credit limit: It is explained alone.
– Maximum credit: It is the maximum of your credit line you have used.
– Current balance: The total amount you owe to the credit grantor at this time.
– Amount: This box is filled when there was a payment delay and indicates the amount not covered in the agreed time.
– Last amount payment: It is the amount you paid the last time.
– Amount to pay: It is the periodic amount that must be covered to keep up. In the case of a credit card indicates the minimum payment required, in the case of fixed payment credits indicates the amount that must be covered in each period and the number of payments that are missing.
– Credit history: It is the historic payments where each month of each year is put a number that indicates whether the client paid at least the minimum time or if he had any payment delay. This section also appears observation keys that consist of two letters that describe a change or update of the credit.
– Consumer declarative: It is a section where the accredited can enter a legend if you disagree with any information contained within the report later, of having entered a relationship and is not favorable.
– Consultation detail: It is the last part of the report; It is a history where the names, dates and homes are recorded, of the credit grantors who have reviewed the credit report.
Now that you know that the credit report is very accurate and that it is updated, it is very important to take care of it. If you have a difficulty with the payment of any credit, approach your credit grantor to find a solution that allows you to put yourself up and settle your credit, preferably, without a breakdown.
About the author:
Wolfgang Erhardt is a national spokesman for Bureau of Credit, spokesman for the Latin American and Caribbean Association of Burós de Crédito, and author of the book “I want a loan! How to obtain and keep it.”
Twitter: @WolfgangErhardt
LinkedIn: Wolfgang Erhardt
The opinions expressed are only the responsibility of their authors and are completely independent of the position and the editorial line of Forbes Mexico.
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