Credit bureau report
 The credit bureau is at present, a reference frame to obtain the granting of a credit, and this is due to the fact that the credit bureau is provided with credit records of those natural persons and companies. Generally a person enters automatically to the credit bureau in the moment in which it has used a credit card or to requested some another type of credit. We must bear in mind that whenever let's want to realize the request of a new credit, it is always suitable to revise our credit handbook so that this way we do not have any type of problem at the time of requesting the above mentioned credit, and for it there is no better idea to be consulted about the information that is kept in the credit bureau about his financial profile.
To obtain this information it must only request in any financial company a report of special credit. In this sense we must say that for law, all the financial companies must put at his disposal the services of the credit bureau together with different alternatives by means of which you could realize the wished consultation. Frequently it can be that, although you have cancelled all his credit debts, nevertheless it appears in the credit bureau and this is due to the fact that the same one provides a record about the financial behavior of a credit of up to 24 months that are counted usually from the date in which the credit to been completely liquidated, or, from the last time that should have brought some type of information. In this record carried out by the credit bureau there is usually reflected the way in which the payment of the credit was realized, be already that the same one has been paid by punctuality or that it has presented some delay.
It is important that we bear in mind that the credit bureau will be only capable of eliminating those records of his database in cases as persons' records with a major or equal antiquity to 84 months, where the term of considera from the date in which the credit took place and as soon as the credit bureau was passed the stipulated term he will be in charge of erasing automatically of his system the above mentioned information.  Also the information that this alludes on those credits that are defeated and that were requested by natural persons, whose balance is not bigger than thousand dollars and any time it has passed a certain time that in general is 48 months that are counted from the date in which the credit is granted, takes place when the collection rights have stopped existing or, when the credit bureau stops receiving the information about the same ones. We understand for those defeated credits that have more than 90 days of nonperformance in his payment obligations. On the other hand, those records belonging to persons whose credit profile is suitable, will not be erased of the credit bureau.
Credit bureau, the information system
We can say that the credit bureau is an information system that has to support for an object the economic activity of every country, providing to the financial companies all the information that the same ones need in order to facilitate the credit granting to his clients.
Generally, a credit bureau possesses the information of more than 50 % of the individuals and companies of the country and the system manages with keys that possess numbers that go from 0 to 9, where it indicates 0 that it is a question of a person who usually expires with his financial obligations and from here on it advances the numeration to indicate the level of nonperformance of every person. In this case we must point out that where a "x" is it is a sign of an entire nonperformance, therefore it is very little probable that this person could qualify to acquire a credit. Many persons usually deny importance of all this qualifications system with which there manage the financial institutions dedicated to the credit granting and loans but as well we have said in many other articles about our place, this is fundamental for the approval of a credit request. It is fundamental that we always support a control about our finance and our credit obligations, since on the fulfillment of the same ones there will depend the possibility that we will be able to have requesting a credit or loan for financing, also we do not forget that it is ever good to possess a negative financial profile since this might sabotage all those projects in which we are interested in investing. |
