How to Check my Credit Bureau?
Although it is not a requirement indicated by all banks to apply for a mortgage loan, the credit history is a record that drives the positive response to your request. So don’t ask yourself, “Should I check my Credit Bureau? ”, And request your credit score , and improve your prestige as an applicant and payer.
What is the Credit Bureau?
The Credit Bureau is a private company that collects data from businesses, financial institutions and banks on its overdue portfolio. Month by month, the Bureau receives data on all consumer, business, mortgage and automotive credit ; and about instruments such as credit cards. They even collect information about unpaid telephone or pay-TV services, your information and payment behavior will be reflected in your credit history.
With these data, the Credit Bureau makes a report of the natural and legal persons, where it is aware of the outstanding balances, the arrears, the amount of the outstanding debt and in general an overview of the way in which it is responsible for Your credits and debts. This report is called “Credit Score”, and holds its holder’s rating as a financial entity.
This Credit Score can be requested by banks and financiers to know the payment behavior of a natural and legal person. And it will be your case if you ask for a mortgage loan.
Can I check my credit bureau?
A good idea is to check your status as a debtor before applying for a home loan, as it is common that many late payments are not reported at the time of making, and that you figure as a debtor.
Checking your Credit Score allows you to solve situations that may play against you if you ask for a mortgage. And it is very simple to do it: visit the Credit Bureau site, open an account, enter your information and receive your report. The Credit Bureau gives you one free per year.