In the current Economic Situation, marked by recession and global uncertainty, personal financial management has become an issue of crucial importance. In Peru, Infocorp is positioned as an essential entity in the evaluation of citizens’ credit history, but how does a debt really affect personal finances? This question has become recurring, even more so because users are looking for a way not to appear on Infocorp’s list of defaulters.
In order to answer this question, we spoke with Javier morilegal manager of Equifax – the agency in charge of updating Infocorp’s credit data – who clarified this and other doubts.
Is there a minimum amount of debt to appear on Infocorp?
You should know that there is no minimum amount of debt for a Peruvian citizen to appear in the Infocorp registry. This implies that any debt, no matter how small, can influence a person’s file. This fact is vital to understanding how our financial actions, even the smallest ones, can have a significant impact on our credit reputation.
Although popular belief might suggest that only large debts go to Infocorp, the reality is different. Any amount owed, regardless of its size, can be reflected in the credit history. This highlights the importance of responsible financial management, as even small debts can make the difference between a positive and negative history.
“All Peruvians of legal age are registered in the Infocorp credit database. If timely payment of debts occurs, the credit history will be positive, and the person will probably be identified as low risk; while, if obligations are not met, the person will probably appear with a negative credit history.”he pointed out to La República.
Do Infocorp debt levels exist?
Beyond the amount owed, it is crucial to understand that Infocorp does not categorize debts. What can be found is the Equifax credit score, which varies between 1 and 999, indicating the probability of non-payment. A score close to 999 denotes a lower risk of default, while a lower number implies greater risk. This information is essential for financial institutions when evaluating the solvency of a credit applicant.
What is SBS’s rating for debts in the financial system?
In parallel to the Equifax score, the ratings of the Superintendency of Banking, Insurance and AFP (SBS) of Peru provide another angle of analysis. These are classified into five levels:
- Normal: It is the most common level of debt, people are less than 8 days in arrears.
- Customers with potential problems (CPP): when they have a late payment period between 9 and 30 days.
- Deficient: debt with a period between 31 and less than 90 days.
- Doubtful: people whose debt has a period of less than 120 days.
- Loss: people with debts that exceed a period of 4 months.
It is worth mentioning that the ranges of days indicated above may vary depending on the type of credit (vehicle, personal, mortgage, etc.)
What are the consequences of not paying my debts on time?
If you fail to fulfill your commitments, unfortunately, You will not be able to access bank loans due to poor rating in the system. In that sense, if you have problems paying your debts, contact your entity in charge in order to reach a conciliation and get up to date.
What is the credit score?
It is a rating that helps determine the probability of paying debts in the next 12 months, and is taken into account by financial institutions when deciding to grant credit.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
