About existence of credit histories something was heard, perhaps, by everyone who had to take the credit, irrespective of the sum and those who used the legitimate right to see the history and check it up. Such “reinsurance”, as it appears, is reasonable at dialogue with banks which suddenly “all of a sudden” refuse credit reception. The annoying error or discrepancy which has crept in your credit history … can become the reason of sudden and inexplicable boycott.
Gradually in our bank system the practice when availability of positive credit history determines possibility of reception of a bank loan is implemented. The database of Inter-regional bureau of credit histories contains today more than 2 million records. It cooperates with all regional banks which daily arrange and send new credit “affairs”.
Spoil history can the one-day delay of payments under the credit. And more “malicious” non-payers in general for a long time can forget about credit resources as banks can inquire history of any borrower if that is available, not only in local credit bureau, but also in the central catalog where title parts of all histories are stored.
Stoplight for banks is also the fact of clearing of the credit at the expense of property sale.
Besides, fans of bank loans aren’t recommended to change often a residence and works. So, any regional bank won’t give out the credit if the length of service of the potential borrower on last place is less than half a year.
In process of development of system of credit histories there will accumulate more and more information from different sources. It means that will become not only mutual relations with banks, but also such “speaking” facts, as payment of utilities, mobile and stationary telecommunication, penalties, infringement on plastic cards.
In a word, to spoil credit history is a simple business. It will be much more difficult to recover trust. After all under the law, histories of borrowers of legal and physical bodies are stored for 15 years.
In spite of the fact that under the law each owner of credit “business” has the right once a year free of charge to see the history, the few people only use this right. And in vain.
Even the respectable borrower can appear suddenly “invisible being” for banks which without assigning any reasons — banks have on this right — will refuse credit granting. The trivial error can become the inattention reason.
To settle a question it is possible, directly having addressed in bank which possesses “authorship” of an error, or through the court. By the way, from a credit history it is possible to learn even a name of the person who have brought each record, and time for this.
Do you still remember those good times when anybody could take a loan if one needed funds? And just imagine the state of those who have to bear that load nowadays when the world economy is facing hard times. And for those people having loans the matter of credit monitoring is as crucial now as never before. It is not only about credit monitoring, this also helps save money, time, and nerves and be quick in solving loan related issues. Those who are searching for a place where to learn about credit monitoring, are welcomed to check out this credit report monitoring site – there is lots of information about loan monitoring and how to order that service.
In addition we haven’t forget about possibilities provided to us by digital technologies. The online network provides us with a truly unique opportunity to find what we need or to get anything at the best price on the market.Credit, credit monitoring, credit report, Loan