There are times in each of us’ s lives when they urgently need money. Of course, most people decide at first to ask the bank to secure a loan. However, for some unknown reason, the bank refuses to issue the requested amount with reference to the client’s mistrust. How do you know your credit history? After all, in principle, before applying for a loan from a financial institution, it would be advisable to check your accounts so that this good creditor does not spoil this document. About how to verify your credit history for what it is, we are talking about this article.
How to find out your credit history?
Credit history is known to be a type of message consisting of three parts:
- a holder, which contains basic information about the debtor, which makes it easy to identify. For example, the full name, passport details, etc .;
- the main one, which contains exactly the information that is so interesting for financial institutions, ie existing credit obligations, payment terms, interest rates. Naturally, this also includes data on previous installments that have already been repaid and in full. The same section reflects possible repayments, fines and fines, legal proceedings and other details on the methods of repayment of loans;
- The closed or additional section contains links to reliable sources of information on which the report was generated, as well as to persons who have met these requirements.
How to check your credit history?
How to determine your credit history in case of a solution is inevitable to apply to the bank? There are specialized branches for this purpose. They are absolutely free, but once a year you can look at credit history in your name. If necessary, this year can be done indefinitely, but for a fee. The bank to which you applied for a loan will also be able to follow this report, but in the presence of a written full certificate that the creditor requires from the debtor at the time of registration.
The procedure to get a report on your financial situation honesty – not so fast and simple. Initially, the application is sent to the National Credit Bureau, where information is exactly where the message is stored, which corresponds to your application. After you have learned the correct address, do not be surprised when asked for the subject code of your credit history. It is known that each document has its own number as well as this report. Each new loan agreement is assigned, so you can find it either on the loan agreement, at the bank, or at the same credit bureau.
View your credit history
That’s all clear, but here’s how to find out your credit to tell yourself? Many sites today offer such services, but keep in mind that the retention of personal information is protected by law, so this information will not be known to anyone. Of course, they pay for such a service, so be careful – you can get the wrong material for your money! Try contacting a bank where you have already acted as a borrower, if they do not help you find the document you want, they will certainly tell you the right way to find out your credit history.
Finally, I would like to advise – payments on time. And the way to borrow is yours!