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How to get free credit history online

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Do you know how credit institutions evaluate you? With the free credit history online you can know it first hand.

An element of basic financial education is just knowing how credit institutions see you, to see how you have opened or closed the key to financing yourself. In Mexico there is a lack of knowledge about how the Credit Bureau works, which is the main element that evaluates your financial health, and we believe that being in the Bureau is a bad thing.

An element of basic financial education

An element of basic financial education

The Credit Bureau is the institution responsible for systematizing and periodically updating millions of credit histories in Mexico. Among its functions is to provide institutions with data on the accredited future that support risk assessment and facilitate decision-making in the granting of loans.

So, if you are a person who has some type of credit, whether with the banks, with a department store or self-service store, and you even have a contract with a cell phone or landline company, you are probably in the Credit Bureau .

The important thing in any of these cases is not that you are part of the Bureau, but that you keep it free of bad grades because that will be the key to accessing new loans and with better conditions. Remember that keeping a healthy record is your “business card” before the institutions and companies that through this mechanism of acquisition of goods or services allows you to count on them without paying them in cash.

Punctual person in paying your credit cards

Punctual person in paying your credit cards

For example, if you have been a punctual person in paying your credit cards, you will surely be able to access an auto loan, a personal and later a mortgage because through the credit history you show that you have healthy finances and that you are A person who takes care of your financial health.

Now, what can you do to check your credit bureau history for free? The Special Credit Report is a document that you can verify at no cost every 12 months and if it is before this time it will cost 15 pesos.

Simply enter the credit bureau website, select the Special Credit Report and enter all your data

Simply enter the credit bureau website, select the Special Credit Report and enter all your data

Being aware of how your credit history is so that being a punctual payer, the data is reflected as well and when you go to access a credit do not put you as a hindrance a bad note in the Bureau. Having this information updated is equivalent to having a medical check-up and knowing the state of your financial health.

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Broken Credit History

Broken Credit History

If you are not given a loan, mentioning that you have a damaged credit history, and you think that this is a mistake, you may need to analyze the good faith in fulfilling your financial obligations to the state. Check all your utility payments, whether they are carried out correctly, whether you always have time to pay off the debt at the appointed time. Even insignificant, at first glance, debt can negatively affect your credit history. Do not forget to file a tax return and pay taxes on time. Remember if you have any administrative fines that, for whatever reason, have not paid. By the way, about the latter, if there is a fresh traffic police fine, then it makes great sense to pay it in the first 20 days, so the debt is not formed and you get a 50% discount on the amount of the fine.

 

Save the availability of funds in your bank account

Save the availability of funds in your bank account

Very small amounts, even a few rubles, in the future may cost you thousands, or even tens of thousands. Just think, unpaid penalties and even the very fact of their presence can add a few percent to the loan rate and then you will overpay extra money every month. Even if a small debt was formed several years ago and has already been repaid, it can now worsen your financial well-being.

In such situations, it is also unlikely to save the availability of funds in your bank account, where you decide to apply or in any other, because when making a decision on issuing a money loan, the important criteria are not so much the financial condition of the potential borrower, but its ratio to your debts and financial responsibilities. Even rich people, having several large deposits, can receive an extra interest on the loan due to minor delays.

 

Timely track all your monthly payments

Timely track all your monthly payments

Cash loans with a bad credit history are much more difficult to obtain so that you are sensitive to all your financial documents. Keep all receipts for payments made. Carefully keep track of the timing of all monthly payments that you need to make. Collect all kinds of inquiries from various authorities with which you will be able to explain one or another payment delay. Even if in the past you were characterized by irresponsibility to debt, now you can create an image of a responsible borrower, backed up with proper documents.

In case of a difficult situation – contact our company and we will issue you a loan with a bad credit history.