How to cooperate with banks and credit bureaus?

The bank receiving the credit, and in the office - his credit history. It is clear to everyone. But how they are interconnected and how the scheme work? Describe below By law, each bank must sign a contract with the credit bureau. The only problem is that many offices and in selected may not have the information to the client. Therefore, most banks have contracts with the major bureaus and with several. To have certainly get all the "picture" of the past of the borrower. Scheme of work • The customer goes to the bank for a loan • Bank asks the borrower's consent for a credit history • The bank sends a request to the Bureau, which works • Credit Bureau on the basis of their data prepares reports • Sends a report to the bank & bull ; reviewing the record in their credit history, the bank decides on the loan should be reminded that every borrower is entitled once a year in free mode, see your credit history.