What is credit history?

Each person or entity, first applied to the bank for a loan, there is a credit history. In her recorded personal data, information on the amounts of loans and discipline of their payments. This is unusual for Russian Institute emerged in 2005 with the entry of the Federal Law "On Credit Histories." In Western countries such records are maintained to the last century. Credit history is part of the biography, which characterizes the financial solvency of the owner. Lawmakers Bureau identified a special body, the collecting, editing and storage of financial data - credit bureau. It was there first thing in turning the banks in order to check the creditworthiness of its future customers. It's worth noting that the credit history to third parties only with the consent of the borrower. Request your financial history is simple - it needs to appeal to the Bureau with the request. The first time the story is free, the second and later - for the money. What It Is? Your credit history consists of three parts: 1. Main part - contains basic information: name and passport information, and for legal entities: company name, USRRE, ITN, etc. 2. The main part - has information on the commitments made: the loan amount, its interest, the timing of payments. 3. Additional part - includes information on lenders and borrowers. What gives the story? Credit history proves or disproves your consistency in lending. If you are a conscientious borrower, you can count on the accelerated mode of credit and possible preferential terms. If you have any problems with the disbursement of funds, then the next time you contact the bank can get a waiver, the requirement to provide an expanded package of documents, collateral or guarantors. You will be given attention for the past mistakes. However, it happens that a credit history accepted inaccuracies. They can be challenged by writing to the Bureau official statement. He may accept or give a reasoned refusal, which can be challenged in court.