When the bank processes your application forloan, then first of all he looks at credit history. All the data that it contains is very important for the bank. If in this information the bank finds out that the borrower has delayed the payment terms or if he has outstanding debts, he will be refused money.
Negative credit history can be strongprevent those who want to take a mortgage or buy a car. For such loans, a positive story is extremely necessary. Even if you need a very small loan, a negative history of obtaining loans can spoil everything. The design can take a long time and cause you a lot of trouble.
Is it possible to somehow remedy the situation and return credit history a good reputation? Yes, it is possible to do this and we will consider what needs to be done to achieve this.
Extinguish all your debts to banks. If for this you have to say goodbye to the property that the bank had with the mortgage, do not be discouraged. The main thing is that after the debt is repaid, the bank writes down information about the repayment of the loan with the help of a pledge in the history. That you were sure that the bank made changes in the history, ask for an extract that the loan is repaid and the bank has no claims to you.
When the debt is repaid, you need to try to takelittle money. Immediately a large amount will not be given to you, even if in credit history you are listed as a decent borrower. After all, no one deleted the old information, so the banks have some fear. Therefore, take a very small loan that does not require collateral. Excellent fit plastic
To restore a good name, you will have topay a certain amount, namely, interest. Sometimes, if the credit history is completely spoiled, it takes a lot of time and money to fix it. After all, in this case, you will need to make out a few small loans one after another. So gradually you can restore your integrity.
Breaking is easier than restoring. So if you want to get