2023-06-24 03:03:29
Written in ECONOMY on 6/23/2023 6:36 p.m.
He Credit bureau is a tool used for a long time in Mexico and has the purpose of grant ratings that are consulted by banks and financial institutions that grant credits and financing, since they are based on the data deposited in this system to know the credit confidence level the client’s.
People who are consistently late on their payments or have stopped paying a loan receive a bad gradebut does not mean that they have entered the Credit Bureau for this reason.
Anyone applying for a loanwhether to a bank, financial institution, application or department store, it is automatically included in the Credit Bureaua private institution that collects this type of information and stores it in its databases.
This means that Being in the Credit Bureau is neither positive nor negativebut your score can be good or badbut it will depend entirely on you, and in case it is not, you can request a clarification.
Having a good score will make it easier for you to request a loan / Pexels
What are the four score categories in the Credit Bureau?
Over time, the files of this particular institution are updated and generate grades or scoreswhich are classified in four large groups:
excellent rating: is obtained with scores from 681 points and up to the maximum of 681which guaranteed to get a loan depending on the applicant’s ability to pay.
Buena: comprises of the 631 at 680 points and it is a qualification that most financial institutions accept to grant financing.
Regular: goes from the 551 at 630 points and it means that the user has stopped paying his credits on several occasions.
Mala: is obtained from the 456 at 550 points and indicates that the user has a current debt or has stopped paying credits constantly; someone with this score hardly gets a loan with a low interest rate.
How to check my credit bureau history?
To know your Credit Bureau history you have to access the page of the company and choose one of the various reports that are available, some of which cost money, since they include more data that may be of interest to you, you must have a registered account with your personal data.
#positive #Credit #Bureau #check #history