Most banks do not issue loans to customers who already have a large number of loans or payment arrears. Therefore, if you receive a refusal for a refusal to provide a loan, it is worth checking your credit history.
What is credit history
A credit history is a dossier on a borrower containing information on the performance of his loan obligations. In particular, about when and for what amount he took out loans, whether there were delays. Also in the dossier there is data on the current credit debt.
Credit history is kept for at least 15 years. Contrary to popular misconception, changes cannot be made to it. Unless you can prove that it contains erroneous data. Thanks to it, banks have less time to search for information on borrowers and increase the accuracy of forecasts for their reliability. In many respects, based on the credit history, the bank decides on the approval of the loan, as well as the conditions for its issuance (amount, interest rate).
All credit histories, with the consent of the borrowers, are transferred to the Bureau of Credit Histories (BCI), and some of them - to the Central Catalog of Credit Histories (CCCH). They contain information on more than 95, 5 million subjects.
How to find out your credit history
A citizen of the Russian Federation can find out his credit history for free once a year. The procedure for obtaining it can be divided into two parts. The first thing to do for this is to find out exactly where the credit history is stored. This can be done online on the website of the Central Bank of the Russian Federation in the section "Request for information about the BCI". After going to the site, you must select the subject option. Next, you need to enter your full name, passport data, as well as an email address. To make a request, you need to know your credit history subject code, which is attached to the loan agreement. After a request, you will receive a list of CRIs in which your credit history is stored to your email address. If you took out loans from different banks, information on loans may be contained in several CRIs. If there is no credit history in any CRI, then a message will come that there is no credit history.
If you do not know the code of the subject of your credit history, or did not generate it at all, contact any bank with a request to provide you with a list of credit history entities that store your credit dossier. Banks can request this information without a code. This service is paid in most organizations.
After the list of CHBs becomes known to you, you can apply to them with an application for providing a credit history. This can be done during a personal visit with the presentation of a passport - this option is available only if the CRI is located in the same city as the borrower's place of residence. Otherwise, it is necessary to send an application in free form by mail. But then it must be certified by a notary. After 10 days, you should receive a credit history at the return address indicated in the application.
