2023-04-26 04:40:50
Build a credit history It is important for anyone, especially for young people who are starting out in the financial world. According to a study of financial inclusion According to Experian Peru, by 2022, 40.6% of the population over 18 years of age has credit experience in the country.
A good credit history will allow you to obtain loans with better terms and access to more financing options.
In this sense, Juan Carlos Venturo, general manager of Experian Peru, offers five specific recommendations for young Peruvians looking to start building their credit responsibly.
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- Get a credit card or loan: To start building your credit history, you need to get credit. A credit card or a loan may be a good option. In the case of Credit cards, it is important to use them responsibly and make payments on time. In the case of loans, it is important to read the terms and conditions carefully before signing any document, recommends Experian.
- Pay debts on time: It is essential to make payments on time to avoid late payment fees. The recommendation at this point is to always comply with financial obligations within the established deadlines.
- Maintain a low level of indebtedness: It is important to maintain an appropriate balance between available credit and the level of indebtedness. A high level of indebtedness can be a sign of risk for lenders, do not exceed your ability to pay and always remember to make financial decisions by consulting your credit history.
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- Review credit report regularly: It’s important to review your credit report regularly to make sure there are no errors and to stay aware of any suspicious activity.
“A good credit history can make the difference in obtaining loans for major investments, such as buying a house or a car, but it can also be useful in everyday situations, such as applying for a mobile phone contract or even getting a job contract.or ”, concluded the manager.
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