A credit history is information that characterizes the performance by the borrower of its obligations under the loan agreements.
Credit history individuals consists of three parts: the cover, the main and additional (closed) part.
In the first part of the credit history contains such information about the borrower like name, surname, patronymic, date and place of birth, passport number, taxpayer identification number and national insurance number of mandatory pension insurance. The last two items are present in the title part of credit history if the borrower has submitted data on them.
In the main part of credit history contains the following information:
on the very borrower - place of registration and the actual place of residence; if the borrower is an individual entrepreneur, information about state registration as individual entrepreneurs;
for each loan amount and term of the loan, term of payment of interest under the contract; information on changes in the credit agreement (if any); information about the date and the amount of actual repayment of the loan by the borrower, including repayment due collateral in case of default by the borrower of its obligations under the contract; information about the facts of the court's review of disputes under the credit agreement and court decisions on these disputes.
In the main part of credit history can also contain individual rating of the borrower, designed credit bureaus.
In an additional part of the credit history contains information about the organizations that submitted data in the credit history and how, when and who requested the data.
How is the credit history
Credit history is constructed from the information that banks and other lenders are served in the Bureau of credit histories. The information should be given only when there is documented consent of the owner of the credit history. By law, credit institutions are required to submit all available information in respect of all citizens who have agreed to present at least one credit Bureau. Deadline information - 10 days.
If the person used a credit services and successfully repaid the loans, he is interested in information about this was included in his credit history. However, he has the right to wish that the Bank has presented the information to the credit Bureau even if the loan is repaid or applied for credit is not provided, and the Bank will be obliged to fulfill the requirements of the law on credit histories at least one Bureau.
Credit bureaus are companies that have received permission to work with the credit histories of individuals. There is a state register of credit bureaus. Only the Bureau included in this register have the right to store and process the credit history of the citizens.
In addition to the Desk there is a special branch of the Bank is the Central catalog of credit histories. The directory is used to see exactly what the credit history Bureau stores the history of a particular person. It should be borne in mind that credit history may be stored in multiple offices.
Credit history is kept in the office for 15 years from the date of last modification of information contained in a credit history. After a specified period of credit history will be cancelled.
How do you know your credit history
Each of us is entitled to receive in the Central catalog of credit histories information about what credit Bureau is stored in our credit history. And in each of these offices, you can get a credit report on your credit history. Credit report you can get any number of times, without specifying the reasons why it is requested. This once a year you can get a credit report free of charge, and other times - for a fee.
Credit report is provided either in written form or in the form of an electronic document. Deadline for submitting credit report - 10 days.
So, in order to know your credit history, you must first send the request to the Central catalog of credit histories, to determine whichcredit reporting agencies are stored in our history, and then apply directly to the office to obtain a credit report.
Request to the Central catalog of credit histories can be sent in two ways:
using the code via the Internet site of the Bank;
without using code via credit institution, credit Bureau or Department of the postal service, providing services of Telegraph communication.
Code, which is required for self-query, it is necessary to form at the conclusion of the credit agreement. Unfortunately, banks do not always tell the borrower that he should generate this code. As a result, when the borrower will need to know your credit history, he will be forced to contact the Bank or any credit Bureau and get this service on a fee basis.
If you are getting credit predetermination to attract co-borrowers, it will not be superfluous to review the same and to their credit histories.
