happens that a person goes to the bank to issue the credit, but he refused to conclude a contract.At the same time employees of the financial institution is almost never explain the reason for such a decision.Most often, such a situation may arise if a credit history check revealed that you had any problems with the repayment of loans in the past.
To minimize the possibility of failure of the bank to issue a loan, should fulfill in good faith the obligations of the borrower.Of course, if desired, can be found such an institution, which will issue a loan without checking credit history.However, such organizations usually offer to conclude a loan agreement is absolutely unfavorable conditions: a higher interest rate or with a higher requirement for collateral and guarantors.
concept of credit history
Before you find out what your credit history, it would be nice to understand what it is all about.It's quite difficult and volumetric economic concept.
credit history consists of three parts.It includes information that is transferred to the financial institution to the credit bureau and characterizes the quality of the borrower of its obligations under the loan agreement.
- Cover of the credit history contains all the information about the borrower.
- main part contains information about its subject, which is the recipient of the loan, its registration, as well as the loan agreements.
- The structure further includes data on the part of the user who gave the subject the right to access to information, as well as on the sources of the formation, which are the lenders.
Bank may conclude agreements with one or more credit bureaus.Under this name refers to the organization that carried out the formation, storage and processing of data included in credit history.
Cover parts are stored in the Central Catalogue of Credit Histories.Complete the information is stored in individual CRAs (credit bureau).Therefore, to simplify the data search in the case where verification is required credit history, subject codes are used, which are alphanumeric codes.
How do I know the credit history
Very often, any time a person realizes that he needs a credit history check.Free this service, any citizen of the Russian Federation can get once a year.However, this is not so simple.The fact that in Russia there is no unified database of credit histories.Instead, it created a database CHB, which is in the CCCH (Central Catalogue of Credit Histories).This structure allows you to achieve maximum data protection borrowers.
important to remember that a credit history check may be carried out only with the permission of the subject.That is, when applying for a loan you will be asked to sign a consent to the data request.
Thus, the information in the Central Catalogue of Credit Histories can get in with your consent, you yourself or the credit bureau.Of course, you can go to any bank, which provides services for the provision of the list of credit bureaus that keep information about you as a borrower.But if you know the code of the subject, the request can be sent to the CCCH own.
There are two options, which you can get from the main directory:
- Information requested may not be found in the case, if you've never borrowed, or if you arrange a credit agreement prior to 2006,when the Law on Credit Histories, did not exist.
- If the credit history of you there, in response to a request you will get a list of CRAs, which contain information about you.
In the second case, after you get a list of the Bureau indicating the telephone number and address, should contact each of them and get the information about yourself as a borrower.
Thus, each person who took loans in the past or plans to take advantage of this service in the future, would be superfluous to know that checking the credit history can be carried out independently and free of charge.
