The age of consumerism is pushing us to design credit products. Almost every able-bodied citizen of Russia has loans or had them before. It does not matter what purpose he was taken: consumer credit, installment on appliances or furniture, mortgage. All of these components add up to one thing – the credit history of relations with financial institutions (the borrower can get information about it for free by the last name via the Internet: you can find out more about the procedure here ).
Not every borrower has this story clean. Various kinds of difficulties can create dark spots on it or even blacken it (for example, when debt collection was done by a collection agency, such as credit express finance ). How to be in such cases? How to correct the impression of yourself and your solvency.
How can I fix my credit history
In order to start correcting CI, it is necessary to estimate the degree of stainedness. Most
A reliable way to do this is to contact the credit bureau. BKI is the institution in which all credit data is stored.
In the BKI today, information is not only about loans. There pass information also:
- mobile operators, overdue payments;
- pawnshops, when not repurchasing the mortgaged property;
- micro-financial organizations transmit data about their borrowers.
And even an approved loan, which you refused, leaves a gray mark on the CI.
We will carry out a gradation of payment violations and see how they affect the reputation of borrowers:
- The delay was a one-time and lasted no more than 5 days. Even with the most conscientious borrowers this can happen. In this case, no bank will refuse to lend to you;
- There were several delinquencies, but the total time for late payments does not exceed 35 days. This situation is more serious than the first, but with a good income, stable work and a desire to correct the situation, you can also get a loan;
- The borrower does not have the ability or desire to repay the loan more. The loan is not repaid over a prolonged period of time. In this case, you will have to make a lot of effort to correct the CI, but there are chances;
- The borrower has a trial with the bank. The situation is very bad. 99.9% that you will be denied a loan.
In the first and second cases, it will be enough just not to violate more than the payment schedule and the CI will improve. In the third case, you need to try to prove your intentions not to violate your obligations in the future. To do this, it is worth taking a new loan and regularly paying it.
But how to fix the credit history if they do not give loans?
This situation is also not hopeless. See below for practical tips.
How to improve credit history if they do not give loans
In order to get out of the rank of a very bad borrower to a neutral level, you need to show a positive trend in your financial condition.
We advise you to take the following steps:
- Need to start of course with the repayment of existing debts. Having outstanding debts, not a single bank will meet you;
- Issue a small salary loan on your card, in the holding bank;
- Open a deposit in the borrowing bank. Such a measure will allow the bank to look at you from the other side and consider your application for a loan;
- Take the so-called express loan. This is a product that is issued for a short time, 1-1.5 years without references and guarantors. Redeem it responsibly and on time;
- Contact an MFI. Microfinance organizations, as a rule, turn a blind eye to CI and issue small loans for short periods even to unreliable clients;
- Take in installments home appliances or furniture. The main thing after this is to make payments.
Any of these steps can improve the borrower’s CI and change the bank’s attitude towards such a person. The combination of several points will help to finally fix the situation.
How to fix credit history in Superbbank
Superbbank is one of the most selective financial institutions in the country. Superbbank employees approach issuing loans with full responsibility and scrupulousness.
The reputation of the borrower for Superbbank is of great importance. Having legal proceedings with any financial institution, you can forget about the possibility of lending in Superbbank.
If there are current debts, the bank will also refuse to credit you. Repayment of delay is a necessary measure, but it does not give a chance to get a loan in Superbbank.
Therefore, after the delay is repaid, it is necessary to contact the MFI for targeted correction of CI. Please note that a microfinance institution must be included in the register of financial institutions that transmit data to the CII.
Several successfully repaid loans will help the borrower to significantly improve the reputation. It should be understood that when reviewing applications, banks are especially closely studying the last six months. If you have taken out several micro-loans in time in six months, then your chances will increase.
On the incident of six months, feel free to contact Superbbank and take a consumer loan for a proportionate amount. After successfully repaying it, Superbbank will be happy to cooperate with such a borrower on larger loans.
Is it possible to fix credit history for money?
Many borrowers, in order to correct the CI, are looking for opportunities to fix it for money. Is it possible to do this? Yes, it is possible, but only in a legal way – by taking small loans and loans and timely repaying them.
Private proposals for correcting or deleting credit history will not bring any positive results, but only facilitate your wallet for a certain amount. It is impossible to delete data from the CII, since this information is carefully protected by law and the Central Bank of the Russian Federation.
According to the law of the Russian Federation, data from the CII is automatically deleted 15 years after the latest information is entered. However, the fact that the range of input data is becoming wider with each passing year, the hope of zeroing information melts.
Therefore, the borrower must make an effort and correct his credit history in a legal way.
How to fix a credit history using microloan
MFIs offer their services at fairly high rates, but they are the ones that can help unreliable clients to correct the situation of distrust of banking organizations.
If CI’s story is such that no bank wants to cooperate with you, the MFI will always help you. Here you can and improve your loan. Perhaps this is with a conscientious attitude to payments. Therefore, before contacting the MFI, assess your financial capabilities in order to prevent the situation from worsening.
Remember – there are no hopeless situations. Everything can be corrected, with due desire and perseverance!