How do you block it and why do you care about doing it? – The financial

2023-10-22 15:28:35

Whenever you want to obtain a loan for a car, home or some other product, it is necessary and important that you review your situation at the Credit Bureau, an entity that generates and reports on people’s credit history.

Banking entities review your credit behavior, where there are details about your punctuality in paying past debts. They also analyze if you had delays at any time, as well as if you never paid.

Having healthy personal finances and a credit history in order, where you shouldn’t, creates the opportunity to be given the credit you are looking for.

But if, on the other hand, there are delays and debts to settle, there is always the opportunity to regularize them at the Credit Bureau, although it will take longer.

There is also the possibility that a debt appears for a loan that you never requested, so you may be the subject of identity theft or fraud.

There is a tool with which you can shield yourself: block your Credit Bureau.

How does the Credit Bureau block work?

What is the Credit Bureau block?

One of the forms of fraud in Mexico uses information from the Bureau, when people request credits and financing in names that do not belong to them.

Therefore, blocking the Credit Bureau is a very useful tool to avoid surprises and debts that do not correspond to you.

If you already suspect that they have used your information to access financing, you can implement blocking or do so to prevent being the target of fraud.

This measure prohibits banks and other financial institutions from making loans in your name, since no one will be able to see your credit history. Another advantage of the tool is that it can be activated and deactivated, depending on your needs.

How to block and unblock the Credit Bureau?

If you are going to hire the service of blocking your Bureau, the first thing you have to do is review the credits you are currently paying.

After enter the website and log in. Go to the route: ‘Blocking’, click on ‘contract’ and provide the information requested, such as the credits in force up to that date.

You must have information such as: credit limit, card number and grantor on hand. If it is a car loan, you must provide its number and who granted it to you.

Regarding mortgage loans, you must share information such as the mortgage loan number and the grantor. If you are not in any of these processes, check the ”I don’t have” box.

You can then block and unblock your information whenever you need to. The service contract is valid for three months; You also receive a username and password for better management.

How much does the Credit Bureau block cost?

The Credit Bureau website indicates that this service has a price of 58 pesos. Some of the benefits of blocking the bureau are that you restrict information in your credit report to people who try to impersonate you to grant them loans.

In addition, it will prevent granting entities, such as banks, from accessing your credit information and they will also have greater control over inquiries into your debt history.