The effect of overdue on credit history.

To date, it is difficult to find a person who did not take a technique or money on credit.

For someone, a loan is a way to satisfy the need for something — for example, to buy a car, which a man dreamed of a long time, for others it is a way to purchase your own housing.

For the borrower, a very important point is to introduce timely loan payments.

If the borrower admits a delay, its credit history and credit rating fall that later when contacting the Bank contributes to the loan failure

Since the beginning of 2019, all bureaus of credit stories should show an individual credit rating at the request of the borrower — scoring points.

Banks and microfinance companies use their own solvency calculation algorithms:

Banks and microfinance companies use their own credit scoring. These credit history bureaus have priority information. After all, the not intended behavior of the client in the future is estimated here, and its current credit result. According to statistics, more than 80% of all borrowers have a bad credit history due to the permitted delay.

Do not fulfill the overference — it will spoil your credit history!

It is not always possible to pay the loan, the reasons can be completely different. If you allowed the miscarriage — not trouble, the credit rating can be corrected.

Rating

Important Council

Important factor

The bank analyzes debt for 5 years. In other words, if 6-7 years ago there was a low rating, after 5 years he can improve. For mortgage contracts or cars, banks can use advanced analysis (conditions do not apply to non-bankrupt persons).

Output

If you have problems with obtaining a loan in a bank

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