Credit history at Bank: how to find out and why?
Any, without exception, fin. the organization, discussing the possibility of lending money, will certainly check the credit history of its customers. As for Bank, this is the first rule! What is a credit history, why is its verification necessary and how is it evaluated?
A credit history is, first of all, nothing more than a file, which included the maximum amount of information on a client who wants to get a loan. Without exception, all banks operating are required to submit reports on all information related to loans to the Central credit institution (Centralized Catalog of Credit Issuing History). Simply put, if you at least once took a loan, received a card or an instant loan, then the full amount of information on it will be stored in a special database. At your request, it can be issued to you, as well as interested jur. persons.
Why do I need a credit history?
Suppose you decide to take a loan. Come to the bank branch, provide a package of collected documents. The employee checks the data with the database. The base, in turn, necessarily stores complete information regarding your previously taken credit loans. If you have no questions regarding the earlier ships, then the bank, having verified your reliability, will issue another loan. If you previously made a delay in payments, this leads to the fact that the bank employees will necessarily think about whether you need to give you a loan. If history shows that you are a chronic debtor, then you cannot get a loan.
Not only banking institutions are interested in credit history. When hiring a person to work, at the time of an insured event, during various kinds of proceedings, in controversial situations, this information is quite capable of influencing your future life.
Here is another aspect. Thanks to the credit history, it is possible to track the work of fraudulent structures so that they in case receive a loan or make a credit card in someone else’s name. Today it is not uncommon. This situation may occur due to the loss of the document.
What data is included in the credit history?
A correctly formed request to the BKI contains the following information:
- Information about the person who wants to get a loan. For physical. persons – name, registration address, date from the passport, marital status, information about employment and education. For jur. persons – name, form of ownership, TIN number, legal entity address, address of residence, PSRN.
- The main information part. It includes information on previously executed applications, current, repayable loans, loans, arrears.
- Information about the banking structure.
Where can I find out my story?
The full amount of historical data is stored in the structure of the Central Control Commission of the Central Bank . This structure is restricted. Access is only allowed to intermediary companies: banks, BKIs, their partner organizations, Microfinance firms. To get information about personal history, you first need to clarify in which particular BKI it can be stored. To do this, you should contact an intermediary company. Having obtained data regarding the location of the story, and it can be registered in 1-3 BKI, you need to come there for information.
How does company analyze customer credit history?
specialists approach the issue of money thoroughly, but they don’t find fault either. In case of failure, the reason most often lies in the state of the credit history. We advise you to recall how often you were late with the monthly fee, whether you had a debt on a subscription fee for providing cellular communications, tax arrears, utility bills. These points are taken into account – do not forget.
Do not forget that the history of the loan is a complex of information, where all interested legal entities contribute information. persons you owe. Alone or through the judiciary. It is not worth delaying with a loan payment.
Is it possible to get money with a bad credit history?
If you have a credit history that does not inspire confidence, then do not worry before the time! The bank is quite likely to meet if your previous flaws were not fatal. But based on this, you may be offered an increased rate. Thus, the banking institution compensates and prevents the likely risks that may arise if you do not make a payment on time.
To find out if they will finally give you a loan, we recommend filling out an application on the bank’s official website. Then the manager will contact you and propose specific conditions depending on your reliability.