How to generate credit history
If you are constantly denied financing, we tell you how to generate credit history, so that you are subject to loans.
And, apart from all the myths about credit bureaus, your credit history is the way you present yourself to the grantor, it is as if it were a business card.
Through the registration of your credits in the formal sector
The credit grantor does not know you, but through the registration of your credits in the formal sector, you can not only know how good a payer you are, but also your ability to pay, this will help you make a decision. The problem comes when people believe in those myths that tell you that credit bureaus are blacklisted. First of all you should know that all the people who have applied for a formal loan are in it.
That is why when a new loan is requested, the grantors consult your credit history, to know all your background as a payer.
The credit bureaus do not deny or authorize the request
The credit bureaus do not deny or authorize the request, they only integrate your story with the grantors of financing. Have you ever been told that they can’t lend you because you don’t have a history? Being on a credit bureau is good for you because it is in this way you will have a better chance of getting a loan.
How to generate it? As we already mentioned, all the records will be generated from the formal credits that a person has requested, that is, you can start generating it with something as simple as hiring a pay-TV system.
But it is not only important that you generate credit history, but that you do it properly, that is, that you pay on time, do not delay, or stop paying, not only must be, you must be well. And it will depend on your good behavior that later they can grant you more loans, even for higher amounts.
Your credit history there is something that is generated from
In addition to your credit history there is something that is generated from what it represents, it is called “My Score” and it is nothing other than an instrument that allows the grantor to know, through a score, your credit behavior with all those They have lent you, somehow, summarize your history in a single number.
The Credit Bureau illustrates this with a speedometer, which starts at 400 points, which refers to unsatisfactory behavior, while it can reach a maximum level of 850 points, a level that represents excellence in credit management.
Having a credit history with good grades is an important step in maintaining healthy personal finances, since credit is an excellent ally, used intelligently.