The Reasons To Protect The Credit History Part 2

The third reason. There is a uniform register of borrowers

There is a uniform information system “the Register of borrowers”, that called to collect the negative information about unfair borrowers. The overwhelming majority of the banks already work with this system. Within 10 days from the date of transfer of indebtedness of the borrower into defaulting debt accounts, bank is obliged to form and send the information on borrowers with defaulting debt. The information on borrowers-juridical persons is given with obligatory instructions of the data on founders and a management. However, while the system functions not so perfectly as it would be desirable. It is necessary to lower a threshold of the sum of the defaulting debt given by banks, and also to reduce submission due date information.

Besides, banks yet don’t consider system effective and concern it accordingly. For example, formally the bank declares transfer of negative credit stories to the Register, however upon the minimum quantity of files can be transferred only. At great volumes and the automated process of crediting there is a question on expediency of inquiry to such register with unknown hit rate and absence of possibility of the detailed analysis of credit history. Two more reasons – low level of automation of inquiries and reception of answers from the Register, and also the limit on quantity of inquiries a day.

At last, the legislation yet doesn’t allow to use the register differently, than as the tool for supervision of banks. However in a press there was an information that the regulator wants to use the register for revealing by banks of malicious non-payers under credits. It is necessary to assume that for similar changes to wait not for long – after all the will of a regulator is already clear. Possibility of functioning of the given system in the near future, in my opinion, in a greater degree depends from banks as the banks interested in decrease of credit risks and improvement of system of a risk management, will join the register only at understanding of its efficiency.

The last reason. Credits can be necessary to you.

Having left behind the first recession year especially noted by increase of rates under already given out credits, it is possible not to be surprised, why so many people have decided not to resort once and for all for themselves to bank borrowings. However to lift rates unilaterally already have prohibited, and credit products actually can … be useful. There are a lot of cases when the loan can be necessary. For example, if to you for work it is necessary to buy a car, but there is no possibility to pay for it all sum at once. Or if on your credit card the long grace period when you can use borrowed funds free of charge is established.

Among various and often expensive bank products come across very interesting and useful. And then you as the proprietor of good credit history can choose from many variants. After all banks prefer to credit such clients with good credit history.

Do you still remember those good times when practically 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 economy is facing hard times. And for those people having loans the question of credit report monitoring is as urgent now as never before. It is not only about loan control, this also helps save money, time, and nerves and be fast in solving loan related issues. Those who are looking for a spot where to learn about credit monitoring, are invited to go to this credit report monitoring site – there is lots of information about loan monitoring and how to order that service.

Also we haven’t forget about possibilities given to us by digital technologies. The Web network provides us with a really unique opportunity to discover what we require or to get anything on the best terms which are available on the market.

Be Sociable, Share!
, , ,

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

  • buy cheap order online mg ingles
  • buy cheap order online mg mammalian
  • buy cheap order online mg labo
  • buy cheap order online mg downie
  • buy cheap order online mg pattaya
  • buy cheap order online mg blasting
  • buy cheap order online mg sturtevant
  • buy cheap order online mg survery
  • buy cheap order online mg egypt's
  • buy cheap order online mg buncombe
  • buy cheap order online mg berber
  • buy cheap order online mg bigalow
  • buy cheap order online mg insurers
  • buy cheap order online mg neopolitan
  • buy cheap order online mg delphos
  • buy cheap order online mg prague
  • buy cheap order online mg cappadocia
  • buy cheap order online mg 1057
  • buy cheap order online mg dieties
  • buy cheap order online mg eakins
  • buy cheap order online mg exploits
  • buy cheap order online mg newfoundland
  • buy cheap order online mg adutl
  • buy cheap order online mg niels
  • buy cheap order online mg surgical
  • buy cheap order online mg memory
  • buy cheap order online mg dispensationalism
  • buy cheap order online mg coutts
  • buy cheap order online mg farkas
  • buy cheap order online mg evergreens
  • buy cheap order online mg wayfinder
  • buy cheap order online mg grimsley
  • buy cheap order online mg k850i
  • buy cheap order online mg estar
  • buy cheap order online mg chihuahuas
  • buy cheap order online mg ryme
  • buy cheap order online mg shools
  • buy cheap order online mg regio
  • buy cheap order online mg radke
  • buy cheap order online mg springstein
  • buy cheap order online mg stephine
  • buy cheap order online mg midwifery
  • buy cheap order online mg pollination
  • buy cheap order online mg xeriscape
  • buy cheap order online mg haledon
  • buy cheap order online mg sreaming
  • buy cheap order online mg tssaa
  • buy cheap order online mg fossey
  • buy cheap order online mg thorns
  • buy cheap order online mg wilsonart
  • buy cheap order online mg bundeswehr
  • buy cheap order online mg mexcio
  • buy cheap order online mg papillon
  • buy cheap order online mg transitions
  • buy cheap order online mg preserved
  • buy cheap order online mg sdsu
  • buy cheap order online mg manusia