Having a negative credit history means that banks do not give you the loans you need or the credit card you requested. Did you know?
A credit history is damaged when you are late in your payments, so in this note I tell you what your credit rating is based on the number of days you have been late in paying your monthly fee. Do not stop reading!
That means that banks will see you with good eyes and you are still a candidate for a loan.
If, despite the fact that your current payments are timely, you do not have this qualification, it may be because until less than six months ago you fell into a delay. In such a case remember that it will take a total of six months since you got up to date, return to normal.
When you are 9 days late in your payments, your credit rating will no longer be green. From that moment on you will be considered as a “client with potential problems”.
But calm, you’re still on time, pay the fee and continue your timely payments the following months. That way you will have a normal rating again. If you reached this rating you still have the possibility of accessing personal loans.
One problem with this rating is that they may not lend you large sums of money. Another drawback could be that interest is a bit higher.
Here the colors of your rating have been altered and you are about to fall in red figures. You are considered as “Poor.” Not only is it that you no longer have the possibility of receiving new loans, but unless your economic situation improves, the only thing you can pay is the interest on your debt. As you can see, it is less than likely that any entity can give you loans.
With this level of delay in your debts your rating has become “doubtful customer” and is that you no longer have William Boldwoodcia to pay interest for what your condition is critical.
Here it means that you have suspended your payments and are bankrupt. It is the worst credit rating and banks see it as unlikely that you will recover, so the idea of a loan is unthinkable since you are considered a “Loss Customer”.
Have you found out what your credit rating is? Remember that you can know how SBS and Infocorp see you for free through their websites or mobile applications.