In the life of any of us, there are times when money is urgently needed. Naturally, the majority in the first instant decides to contact the bank to get a loan. However, it happens that the bank, for some reason, refuses to issue the required amount, citing mistrust 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 advisable to check your accounts so that an unscrupulous lender does not spoil this document for you. We will talk about how to check your credit history, what it represents, in this article.
It is known that a credit history is a report consisting of three parts:
- title, which contains the basic information about the borrower, allowing you to easily identify him. For example, full name, passport data , etc .;
- the main, containing precisely the information that financial institutions are so interested in, that is, existing loan obligations, repayment terms, interest rates. Naturally, this includes data on previous loans that have already been repaid, and in full. The same part reflects delays in payments, if any, accrued interest and fines, litigation and other details of loan repayment methods;
- the closed or additional part contains references 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 a decision to contact a bank is nevertheless inevitable? There are specialized bureaus for this. They are absolutely free, but once a year, you can see the credit history in your own name. If necessary, this year can be done an unlimited number of times, but for a fee. The bank you applied for a loan will also be able to view this report, but if you have a power of attorney issued, which the lender requests from the borrower immediately upon processing.
The procedure for receiving 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 where exactly the report corresponding to your request is stored. Having found the address you need, do not be surprised when you are asked the subject code 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 in the same credit bureau.
This is all clear, but how do you know your credit history yourself? A lot of sites today offer such services, but it is worth remembering that the storage of personal information is protected by law, therefore, such information will not be known to anyone. Naturally, they ask to pay for such a service, so be careful - you can get absolutely incorrect material for your hard-earned money! Try to contact the bank, in which you already acted as a borrower, there if they don’t even help you find 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 taking loans easily is yours!