Russia

What is a credit history

Credit history - is the information that characterizes the Borrower of its obligations under the loan agreements.

Credit history of an individual is made up of three parts: the title, the main and additional (closed) of the.

The title of the credit history contains such information about the borrower like name, surname, first name, date and place of birth, passport number, VAT number and the insurance certificate mandatory pension insurance. The last two items are present in the title of the credit history of the borrower filed for that data source.

The main part of the credit history contains the following information:

for most borrowers - place of registration and the actual place of residence, if the borrower is self-employed, the data on state registration as individual entrepreneurs;

for each loan - the amount and term of the loan, the term of the interest payment on the contract; information about changes to the loan agreement (if any), the date and amount of the actual loan repayment by the borrower, including the repayment by providing the borrower in default of its obligations under the contract , information about the facts of adjudication of disputes under the credit agreement and court decisions on these disputes.

The main part of the credit history may also contain the individual rating of the borrower, designed the credit bureau.

In a further part of the credit history contains information about organizations that feed data to the credit history and how, who and when asked for the data.

                                  

                    As credit history is going

In old business people in Russia are often made out an agreement on a paper - an "honest merchant's words" was enough. Today, the words do not believe. Reputation necessary supporting documents. For example, in order to make you happy to lend money to banks and welcomed with open arms, we must create for itself an impeccable credit history. Reward discounts are ideal borrower.

In Russia - a credit boom. Get into debt can be anything - from a mobile phone to a mansion. Loans for relatively small amounts of citizens literally imposed. Recently, the author of the material went to the fur salon - and barely got out of the ring polite but insistent sellers offering to go "here right now" in a mink fur coat. Mobile shops, furniture stores, appliance stores customers are ready to believe almost to the word, not interested in any collateral or paying customers.

As a result, more and more people fall into the "credit trap" higher proportion of defaults - so are the risks and bank interest rates. Added fuel to the fire of the U.S. mortgage crisis - it became clear that not so safe to issue mortgage loans, relying on the growth of the market price of the collateral. All this makes banks revise policies and be less careless in providing long-term loans for larger amounts.

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