Infocorp: what is a ‘ghost debt’ and how do I know if I have one?

The ‘phantom debts’ are those that you do not remember or did not know you had, usually for an amount less than S/ 200 soles. These, according to infocorpthey can be in banks, but above all they are characterized by being more in non-financial entities, such as telephone operators, retail stores, schools, beauty companies, among others.

According to Javier Mori, legal director infocorp Equifax, phantom debts can have a negative impact on people’s credit history, so he recommended keeping a careful control of expenses to avoid surprises when applying for a loan.

Through the Infocorp report you will be able to have a detailed vision of who you owe and the amounts of indebtedness, including those that have fallen into arrears.

If you want to find out how likely it is that you have a ‘phantom debt’, answer the following questions:

• Do you keep control of your expenses?? Make a payment schedule in such a way that you do not forget to cancel any of your obligations. You can record your expenses in a notebook, create an Excel table or use an application to control your finances. Check all your debts in the Infocorp credit report
• Do you verify your debts at the end of a service? For example, if you recently changed cell phone companies, check to see if you have any outstanding balances. Contact your carrier and make sure you don’t leave outstanding debts. This case of ‘ghost debt’ is one of the most common.
• Do you know the terms and conditions of your services? Check if your credit card or contracted services include membership. If so, confirm that there is no amount pending payment. Take into account that there are also occasions in which you can exonerate the membership, call your bank and consult.

Infocorp:

• Have you bought or sold any property? If you sell your car, manage the ownership change process, otherwise, it is likely that you will receive fines caused by the new owner. This can hurt your credit score.
• Did you answer no to any questions? Then you could have a ‘phantom debt’. It is recommended that you consult your Infocorp report to know the status of your debts. You can see it here.

Remember to check your Infocorp debt report every month, so you will have an indicator to improve your credit history, properly manage your debts and access better financial benefits.