It dates back to credit, a protection way for the client
 When we speak about the credit byline we allude that a summary of varied information both of the personal type and of the financial company. The credit history that every person possesses usually usually reflects in type of uses that has been done by different types of credit in the past, what implies revealing information about the financial behavior of the above mentioned person, if it has expired with all his financial obligations punctually, and if it does not possess any type of debt that even has not been cancelled. Since well we have explained in previous articles about our place, the credit byline is a fundamental tool for the approval of the granting of a credit on the part of a financier to an individual.
We must emphasize that the credit byline usually protects the consumer or client, since the same one prevents this one from keeping on contracting debts and also it is important that it is known that in turn the credit byline usually defends the interests of the company in question against those persons who usually excel themselves in his credit requests then to discover that they cannot expire with the carried away debts. The credit byline has contributed to the diffusion of the credit with some advances that turn out to be significant, since the same one gives us the possibility of differentiating those debtors who are reliable and respectful with regard to the debtors who do not expire with these characteristics, and in turn, the credit byline turns out to be very useful at the time of creating certain conditions by means of which the grantors of the same one cannot apply major money-market rates on all the different types of granted credits. Due to this progress in the conditions of decision of the credit agents, consequence of the implement of the credit byline, it ends generating an impulse that turns out to be very important as for the credit and if consistent favorable impact on the development of the economic activity.
It dates back to credit and truthfully
We must bear in mind that the credit byline, not only it works by means of the bureau, but also it does it for the truthful one; in this case we must say that who find in the base of information corresponding to a truthful sound those legal and physical persons that are in conditions to be part of the economically active population, what it means, those persons who are enabled to be able to exercise any type of commercial activity and possess a fiscal or provisional number in identification way. Many people usually believe that to be registered in the byline of credit corresponding to the truthful one is slightly negative, but we must emphasize that this will only depend on the financial behavior that we possess.
 In case a person has a credit past without any type of debt, and where one credits that all of them were paid in term, then the credit byline will favor us on having reflected this information, now well, in case the credit byline reflects the opposite, we must bear in mind that this was affecting to a great extent all the movements and financial deals that we want to realize. The truthful correspondent to the credit byline, finds regulated by the data protection law personnels of the citizen.
The same one establishes, between other norms, the period of time of permanence in the records of credit byline of the financial companies and the banks. In case of those debts which cancellation has been carried out, the condition will remain about two year and in the opposite case, where the debt is not cancelled, the same one will have a permanence of up to five years.
Finally we do not want to allow mentioning that the evaluation of the credit byline is carried out by means of the informative quality that contains in the credit reports of the truthful one, where the same one allows to the analyst in charge of the above mentioned evaluation, to be able to realize the observation of the behavior assumed by the petitioner in previous opportunities who has operated with different types of credit.
The credit byline facilitates the analysis of this behavior and allows to the financial institution to adopt different rules that could go so far as to turn out to be much more reasonable and flexible, always inside the credit politics established by every financial institution. It is for it exactly that with this report realized by means of the credit byline, the credit company can determine the acceptance or the rejection of the request presented by the interested person in acquiring the credit. |
