The ability to get a loan from a financial institution can be determined by your financial history.

When they address entities or business houses, they create a profile of the kind of citizen they are.

A person’s financial behavior is recorded in the credit bureau, which companies access to obtain the necessary information.

Previously this example was known as the Risk Center and for many it was a sign of bad luck because it was believed that if there was any debt there, they would never be able to access any credit.

How long can you stay in the credit bureau

The law requires that every person who has a credit obligation is registered with the Credit Information Office.

Because of your behavior, you will have a positive or negative rating, also called a score, which ranges from 0 to 999. To achieve a high rating, you need to pay your obligations on time.

Users can also access this information, there are companies like Equifax who offer this service.

You must first fill in your personal information and accept the terms, after which you will be asked to enter your billing information and proceed with the payment report that will be emailed to you. The service has a price.

Office confirmation It also provides the option of getting a free report. For access, it is necessary to send a photo of an ID card on both sides, a request for the issuance of an electronic certificate and a data form accompanied by a selfie with your ID.

How to check your score at the credit bureau

The Supervision of banks It is another entity that presents credit reports. You must generate a username and password before use.

After the report is generated, the first thing that will appear will be the credit score, which determines the likelihood of the person becoming delinquent. In order to determine this, historical data from the last six years is evaluated.

After that, a report will be displayed with the total number of your operations, as well as the status of the operations you have.

The Supervisory Board’s report will also state whether you can opt for a checking account, which, unlike a savings account, allows you to issue checks.