All the people who are part of the financial system appear in Infocorp. If you are up to date with your debt payments, then you will have a positive rating, but if, on the other hand, you have not done so, you will appear on the blacklist and it will be very difficult for a bank to grant you a loan.
Next, we show you what the debt levels are at Infocorp and if it is possible to obtain credit after you pay off your debt. Take note of each suggestion so that you have your financial situation in order in case you ever need a loan.
If I have already paid my debt, how do I get off Infocorp’s blacklist?
People often fall into the false belief that paying off their debts will automatically remove them from Infocorp’s ‘blacklist’. However, the process is more complex. We tell you what you have to do:
- When paying off the debt, the first step is to go to the entity that reported your situation to the risk center. Check the total amount of the debt and pay it 100%. In some cases, rescheduling or refinancing in installments that fit your means may be a viable option.
- Once you have made the payment, it is crucial to obtain proof of no debt. This documentation will be your key tool to request the reporting entity to send a statement to Infocorp requesting the deletion of your information.
- In addition, you can go directly to the Equifax offices, submit a simple debt cancellation request and attach a copy of your ID along with the documents that support the settlement of your non-payments.
Can I get a loan if I continue to appear on Infocorp and have already paid my debt?
The question about the possibility of obtaining a loan after having paid off your debts is a common one. Even if you have met your financial commitments, Infocorp’s shadow may linger.
Jorge Carrillo Acosta, professor at Pacífico Business School, pointed out, in a recent interview with La República, that credit history gradually improves after paying off the debt, but financial institutions evaluate the last 12 months when considering credit applications. You pay now and come out clean, but the bank looks at your long-term history.
Debt levels at Infocorp
Infocorp classifies debts into various levels, from ‘normal’ to ‘loss’, depending on how long they have been in arrears. Understanding these levels is essential to evaluating your credit situation. The levels are as follows:
- Normal: less than eight days in arrears.
- Customers with potential problems (CPP): delinquency between 9 and 30 days.
- Deficient: delinquency between 31 and less than 90 days.
- Doubtful: delinquency less than 120 days.
- Loss: debt greater than four months.
Knowing these levels provides a clearer view of your credit position and can help you make informed decisions to improve it.
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.
