How to build a positive credit history?

A positive credit history is very important if you are applying for a loan. Interestingly, not only people in debt and those who fail to pay their debts on time have trouble getting a loan. Also, the lack of credit history often means that the bank will refuse to grant a loan. Is it possible to consciously build a positive credit history? Yes, and it is not difficult.

Credit card costs

Credit card costs

Timely repaid liabilities are very valuable information for banks. They talk about the reliability of the client and his ability to pay off debts.

Before applying for a loan, it is worth submitting an application for debiting the ROR account in your bank – if this option is not already enabled. Banks treat overdraft (even unused) as a credit obligation. Take a loan from the bank and pay it back on time. Buy an installment product – it doesn’t have to be expensive. Compilation of payday loans for 60 days for free with a free loan. The idea is to show you again that you pay the installments regularly.

Another important thing is to ensure that there are no late repayments of liabilities. Each installment not paid on time costs you several points in credit scoring. Remember that BIK (Credit Information Bureau), BIG (Economic Information Bureau), KRD (National Debtors Register) receive data about your debts.

This is certainly bad for your credit history

This is certainly bad for your credit history

Before you go to the bank with an application for a loan, it is best to pay off all liabilities – other loans, loans, installments for products. Closing credit cards and paying off any debit on the bank account is also a good solution.

Sometimes, sudden problems arise in paying off your current financial obligations. In such a situation, before the payment is delayed, it is worth contacting the lender and trying to establish new repayment rules.

BIK provides six principles for building a positive credit history:

  1. Repayment of your loans on time – this is the most important element when building a credit decision.

  2. Monitoring and controlling your credit history to detect any irregularities.

  3. Using loans for small items – thanks to which the image of a reliable borrower is built.

  4. Consent to the processing of data on repaid loans by BIK – thanks to this, lenders have access to a positive credit history.

  5. Measuring your intentions – you shouldn’t take too many loans to avoid getting into the debt loop.

  6. Talking to the lender if you have problems paying back your loan.

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