Credit report Credit stories
The credit report is the document reflecting a status of credit history of the borrower. It contains information on all obligations of the client to credit institutions or collectors: to the flowing and closed credits, credit cards, limits and credit periods, an unpaid balance and timeliness of introduction of payments. Besides, credit history may contain information on court's decisions concerning the borrower, debts on payment for housing and communal services, tax arrears, the penalties transferred to BKI by the Federal Bailiff Service (FBS).
Expanded credit history includes not only the amount of debt, but also information part. Such detailing will allow clients really will estimate the chances of receiving a loan especially as they will see data on debt practically on all banks of the country.
Control and regular check of credit history allows to estimate the current debt load and also to prevent attempts of receiving the credits by malefactors. Having timely studied the credit history, the client will be able to be convinced of its correctness and to estimate the chances of receiving the new credit, existence of positive credit history is for each bank one of keyword parameters at making decision on issue of a loan. At the same time borrowers with good financial history can expect also more advantageous conditions of crediting.
See Also
- Joint Credit Bureau (JCB)
- The Bureau of credit histories (Equifax) is Equifax Credit Services
- National Bureau of Credit Histories (NBCH)
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