The credit bureau It is consulted by lenders and users, the first to know your responsibility for credit, as it is a document that can be legally requested as part of the risk assessment for a loan.
What does the credit bureau show
The credit bureau It shows your credit history with all the details of your past credit accounts, it also keeps a record of the times that a lender or you request a credit report, the times that your accounts were transferred to a collection agency and also records and reports financial statements that are in the public record such as foreclosures and bankruptcies.
What is the credit score
The credit score is translated into a representative number of your creditworthiness. The credit score can be called a credit score or FICO score, but beyond its name, the e number varies between 300 and 850.
Then your credit score will be between 300 and 850 which will represent your credit history. A higher credit score will indicate a lower risk.
Free credit bureau
TranUnion, Experian and Equifax are the three main credit reporting agencies that you can access to request a free copy or you can call Annual CreditReport.com toll free at 1-877-322-8228 and get the report once a year. .
You also have the right to request your credit report if you have been denied credit and you request it within 60 days of that denial or if you obtained an inaccurate report, if you are unemployed or received social assistance.
Request your report in the three credit bureaus to review them carefully because the information may be inaccurate or inconsistent, it may have errors that if you detect them, you can request a dispute form within 30 days of receiving the report.
Credit Bureau Mexico
Do you want to make a free consultation to the credit bureau in Mexico? Credit bureau is not the only institution to check your credit history, you can also check it in Trans Union de México and in Círculo de Crédito where you can also request a special credit report where you will find information on:
- The amount of credits you had.
- Your behavior with payments.
- How you pay.
- When do you pay.
- The amount of delays you have had.
- The time of delay in payments.
- After the delay when you returned to pay in a timely manner.
- The credits granted.
- The debit balance.
- The value of the last payment.
How to apply for free status to the credit bureau
The law protects you so that you can request the credit report by receiving the report at the branch or by email.
Step 1: Enter the website of the Credit Bureau or Credit Circle.
Step 2: Click Special Credit Report.
Step 3: Follow the instructions and you will receive your RCE.
Step 4: When requesting personal information, you will complete the request with data to be able to identify yourself and avoid identity theft.
Step 5: You must confirm if you currently have any auto, mortgage or credit card credit.
Step 6: You end up adding a payment method with bank deposit, debit or credit card or payment in XXO stores, enter a payment method so that you can finish the process, since the payment will be canceled if it is the first report you request in the anus.
After you do this, you receive a My Score message, which is the institution’s tool for rating your credit behavior that will consolidate the result into a number.
In this way you make the free consultation in the Credit Bureau, the Score you receive is dynamic because it changes for the worse with a delay in payments or for the better if you pay more than the minimum payment every month.
Credit history scores
The score can be:
300 to 500 is considered a low score that you need to improve.
500-650 is a fair grade with intermittent poor-to-good behavior.
650 to 700 is a good grade. With this rating you are above the average of the population.
From 700 to 850 you get an excellent grade, your Score is the highest.
Credit bureau inquiry
1.The payment history is the most important because from the history it is known if you are reliable, if you pay on time, if you do not abuse the minimum payment.
- If you have been handling credits for a long time, your score will be higher, but you should check how you behave with purchases and payments, because it is useless if you have a credit card and do not use it.
- If you make many inquiries in a short period about your history, your score will be affected because it will mean that you applied for a loan from a bank and they need to investigate you or that you request financing many times because you need money and therefore your score will drop.
- You will be classified as risky if you acquire a lot of debts and do not have the necessary potential to pay them off and you are approaching the limit of your credit line.
How to know if I am in the credit bureau
Buró de Crédito and also Trans Union de México are the institutions to which financial institutions consult your references when you apply for a loan to know your credit behavior.
But you should know that since you get a loan, you and everyone are in the credit bureau, as it is part of the history, but the important thing is the negative behavior you have when you are late with payments.
If you want to apply for a credit card but they can reject you for a bad score, you can corroborate the information with a special credit report by requesting it by email, online or by phone.
You only make one request in a period of one year, it is free, the rest have a cost.
Credit Bureau United States
You can find the information of your loan history, the payment of bills, the current debt and how much information you need, since it is recorded if you have been sued if you are bankrupt, arrested etc.
You can check your credit report on a regular basis and it will ensure that your financial accounts and personal information are accurate and you can have errors on your credit report corrected.
From TransUnion, Experian and Equifax you can receive the credit report every year, how can you request your credit report?
- By phone at 1-877-322-8228, if you have hearing problems, access the TTY service at 711 and refer the call to 1-800-821-7232
- Download the PDF of the annual credit report application and then mail it to PO Box 10581, Atlanta, GA 30348-5281
In the event that your application is denied, you can contact the CRA, credit reporting agency to resolve the problem and they will inform you of the reason why your application was denied and they will explain what you should do and in the case of If you do not get a solution, you can contact the consumer financial protection office.