Why Is It Important to Have a Good Credit History?


Credit history is information about your loans and the discipline of their repayment, which the Credit Bureau receives from the bureau’s partners: banks, financial and leasing companies, credit unions, and other financial institutions. The credit history is stored in the database of the bureau for 10 years from the date of execution of the loan agreement by the borrower.

80% of loan failures are due to negative credit history. If an error occurs, we will tell you how to fix it. Even if you have defaulted on credit payments in the past, there is always the opportunity to improve your credit history and receive direct deposit loans. Check your credit history before applying for a new loan to make sure that information on already closed or current loans is reliable and up-to-date. This will avoid unexpected failures and save you time. 

Applying for an online loan usually takes 30 minutes. After the borrower fills out the questionnaire, it is checked either by the program or by an employee of the organization. If a person is already a client of the company and has been credited, he receives approval within 2-5 minutes. Then you just need to get money on your card. In most cases, the lender’s website has an online calculator that will help you calculate the amount of overpayment, monthly payments and the cost of insurance.

You are afraid of illegally obtaining a loan using your documents. Check your credit history to make sure there are no fraudulent loans in your name. Activate the “SMS-control” service and if someone tries to illegally issue a loan, you will receive a notification and will be able to immediately contact the bank for clarification. The methodological and informational basis of the study are regulatory and instructional materials of domestic governments.