2024-04-02 20:46:20
If you have doubts about what can happen if you owe money to Coppel after 5 years or more, don’t worry, here we tell you.
If you or someone you know owes Coppel for more than 5 years, surely this information that we prepared for you will interest you.
It is important that you know that credit sales are one of Coppel’s main businesses, this is because you can purchase footwear, appliances, motorcycles and more, however, not everyone fulfills their responsibility when doing so.
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The first thing you should know is that the debtor cannot go to jail regardless of the amount of money you owe, this is because Article 17 of the Constitution establishes that no citizen can be imprisoned for any civil debt.
After 5 years, interest begins to be generated on the overdue balance in your account, so each delay damages the credit history of each client.
This damages reputation when you want to apply for credit cards or lines, as well as any other loan within a financial institution.
Likewise, Coppel will be able to search for you if you are late in your payments for more than 8 years, which is why here we tell you what happens when you have a debt for more than 5 years:
You will have a bad credit history, however, this can go beyond the focus of the credit bureau, here are the conditions:
Debts greater than 25 UDIS and up to 500 UDIS (about 3,890 pesos) are eliminated after two years.
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Debts less than or equal to 25 UDIS (approximately 194.50 pesos) are eliminated after one year.
Likewise, the bureau eliminates debt marks from the person’s history after 6 years.
In addition to selling the overdue portfolio to collection offices, it will always be an option for the debtors of each store.
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2024-04-02 20:46:20