What is a credit history?
What is a credit history?
Credit History is information about the currentand closed loan agreements, as well as credit cards of the borrower. In the credit history you can learn about the compliance with the schedule of payments on loans, what kind of debt and whether there were delays in payments. All credit histories are kept by the Credit History Bureau (BCH).
Sometimes it is very important to know your credit history. In case of a faulty credit history, a person can refuse to issue a loan. When buying a property and making a deposit contract, you need to be sure that the bank will not refuse a mortgage for a large amount of money. Because, according to the agreement, in case of refusal to make a purchase of real estate, the buyer loses all the money paid as an advance.
The credit history consists of three parts.
The first part is personal data about the borrower, his name, surname, passport data, marital status, address of residence.
The second part is information on loans, amounts, maturities of debt, the amount of outstanding debt, as well as the timing of interest payments, etc.
The third part is an additional part that contains technical information for BCH users.
To get acquainted with your credit history, you need to compose a request in the BCH. This service can be used free of charge once a year, all other requests are paid.
Information and information about all loans are keptfor 15 years. If you find a mistake in your credit history, you can dispute it by writing an application at a bank in which a loan is opened. Within a month, the credit bureau will review your application.
After making a decision, the error will either be corrected, or all will be left unchanged. If you still disagree with the outcome of the decision, then you have to resolve the matter through the court.
Observe the schedule of payments on loans, do not allow late payments on loans and credit cards and you will always have a good credit history.
