Everyone who ever applied for a loan at any bank has heard of the credit history. Many financial institutions, assessing our creditworthiness, primarily check the information gathered in BLO, SML or IKR. This is not always beneficial information, hardly anyone is aware that a good credit history can be done quite simply. How to do it?
What is credit history?
According to the information posted on the main page of the Credit Information Bureau (BLO), the entire history of data collected in BLO and other institutions of this type (Economic Information Bureau, National Debt Register, National Economic Information Bureau) regarding credit obligations is considered to be a credit history. financial (loans, loans, installment purchases, credit card payments, etc.), both those that have already been repaid and those that are currently repaid. The information constituting the credit history are also those regarding sureties for credits or loans.
What could the lack of credit history mean?
A credit history is considered good when a person or entity pays all financial obligations incurred regularly, on time and up to the amount contained in the contract. Any deviation from this means that information may appear in your credit history that may cause it to be assessed in a negative way. It should be remembered that the lack of credit history is also not assessed positively . People who have never taken out loans or credits (including non-bank loans online) and have not used the option of purchasing in installments, is a kind of puzzle for financial institutions. Lack of information on how they pay their liabilities is to their disadvantage and may result in a denial of credit.
How to build a good credit history?
Each of us has a real impact on your credit history. If we anticipate that in the future we will want to use a bank loan (e.g. for the purchase of an apartment), we should build a credible and good credit history in advance. One of the surest ways to do this is to use popular payday loans granted on the Internet. A few such quick loans (necessarily repaid in full and on time) will make our credit history the basis for granting a loan even for a really large amount.