Don't know how to find out your credit history?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

In the life of any of us there are moments when money is very urgently needed. Naturally, the majority at the very first moment decides to apply to the bank to get a loan. However, it happens that the bank, for some unknown reason, refuses to issue the required amount, citing distrust of the client. How to find out your credit history? But, in principle, even before applying to a financial institution for a loan, it would be desirable to check your statements so that an unscrupulous lender does not spoil this document for you. We will talk about how to check your credit history, what it is, in this article.

It is known that a credit history is a kind of report consisting of three parts:

- title, which contains basic information about the borrower, allowing you to easily identify it. For example, full name, passport details, etc.;

- the main one, containing exactly the information that financial institutions are so interested in, i.e. existing loan obligations, repayment terms, interest rates. Naturally, this includes data onprevious loans that have already been repaid, and in full. The same part reflects delays in payments, if any, accrued pen alties and fines, litigation and other details of the methods of repaying loans;

- closed or additional part contains links to reliable sources of information on the basis of which the report was generated, as well as to the persons who performed these requests.

How to find out your credit history if the decision to apply to the bank is still inevitable? For this, there are specialized bureaus. They are absolutely free, but once a year, you can look at the credit history in your name. If necessary, for the current year, this can be done an unlimited number of times, but already for a fee. The bank to which you applied for a loan will also be able to view this report, but if you have a completed power of attorney, which the lender asks the borrower immediately upon registration.

The procedure for obtaining a report on your financial integrity is not so fast and simple. Initially, a request is sent to the National Credit Bureau, where there is information about exactly where the report corresponding to your request is stored. Having learned the right address, do not be surprised when you are asked for the code of the subject of your credit history. Each document, as you know, has its own specific number, the same applies to this report. It is assigned to each new loan agreement, so you can find it either on the loan agreement, or in the bank, or all insame credit bureau.

This is all clear, but how to find out your credit history yourself? Many sites today offer such services, but it is worth remembering that the storage of personal information is protected by law, so such information will not be known to anyone. Naturally, they ask you to pay for such a service, so be careful - you can get absolutely incorrect material for your hard-earned money! It is better to try to contact the bank where you have already acted as a borrower, there, if they don’t even help you get the desired document, they will certainly tell you the right way to find out your credit history.

And finally, I would like to give advice - make payments on time. And the path to easy borrowing is yours!