One of the best-known credit bureaus is Credit Data. ANDThis is responsible for storing and supplying information on the financial behavior of people and companies. All this, with respect to the obligations that the citizen has with the institutions to which they access credits.
(Read: ‘Drop by drop’ is almost 25% of credit between microenterprises).
Your credit history reflects the negative and positive reports of your financial history.
“The Credit History represents your credit reputation before the entities of the economic sector, because it allows to reduce the procedures at the time of requesting a loan, by providing the financial entities with the objective tool to analyze and make better decisions, promoting healthy habits in the face of credit“, explains the risk center.
In your credit history you will find everything regarding the credits you have taken, the institutions to which you owe, the outstanding balances, timely payment and behavior with their obligations.
POSITIVE REPORTS
These reflect a good behavior in your finances thanks to the fulfillment of the obligations you have acquired with banks, companies, insurers and others.
Maintaining a good credit score is a “cover letter” in the financial market, according to DataCrédito. This will make it easier access to loans or other types of credits taken into account by banking or financial entities.
NEGATIVE REPORTS
The credit bureaus also record people’s credit, financial and commercial defaults. These reports are given when the citizen does not comply with the timely payment of his obligation and accumulate a blackberry
When you fail to comply with a financial obligation, the credit bureaus issue a negative report that remains on your credit history for a while. Specifically, it is the twice as long who remained in debt. At the same time, it implies difficulties when it comes to accessing new credits, cards or other types of financing.
(Besides: Fewer provisions improve bank profitability).
HOW TO KNOW IF IT IS REPORTED IN DATACREDIT?
To find out if you have any report, you must go to www.midatacredito.com. In consulting free you must register and you will be redirected to your credit history. There you will find an overview of your reports and open and closed accounts.
BRIEFCASE
