Looking for a loan in an institution can become a headache in several cases. This type of financing is necessary to start a business.
One of the aspects that institutions look at before granting a loan is creditworthiness. This may be the deciding factor for final approval.
The score or credit score is evidence of a person’s economic trajectory in the financial and commercial system. The ‘Score’ or result qualifies from 1000 points and defines the financial behavior of the user in the last 36 months. This can be consulted in various credit bureaus.
What it means and how to interpret your score and credit history in Ecuador
Verónica RodrÃguez, head of operations at Equifax (one of the companies that runs the Citizens Credit Bureau), recommended that people review their report, which includes achieve, at least every three months. It ranges from 1 to 999 points, estimates the probability of payment for the next 12 months.
Equifax is one of the companies that delivers the report for free, if you go in person. Another entity is the Supervisory Board of Banks. In the latter case, you must obtain credentials.
How to check your score at the Credit Bureau
Source: Eluniverso
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