Mexico City /
He Credit Bureau is a private institution that is constituted as a Credit Information Society (SIC) which is dedicated to collecting financial information from all those users who request a loan from a Banking Entity.
It is authorized by the Ministry of Finance and Public Credit (SHCP), with the opinion of the Bank of Mexico (Banxico) and the National Banking and Securities Commission (CNBV) as it provides them with financial information and all the data on the credit history of any applicant.
He Credit Bureau does not accept or deny loans, but guides and informs the corresponding entities so that they make the best decision mutually.
Which debts are erased and which are not?
- Debts less than 195 pesos are eliminated after 1 year.
- Debts greater than a thousand pesos are eliminated after 2 years.
- Debts that exceed 3,190 pesos will be eliminated in 4 years
- Debts greater than 7,820 take six years to erase.
Debts that are More than 3 million 128 thousand pesos will NOT ever be removed from your credit history.
Who is in the Credit Bureau?
Everybody who at some point in their life have had a credit card, they obtained a loan for a car, for a mortgage or some telephone and/or television service pay are in the Credit Bureau.
But unlike popular belief, Being in the Credit Bureau is not something negative, but it means that you have a credit history that shows both the payments you have made on time and the times you have been late.
In maintaining a credit history in order, will allow you to have more possibilities of obtaining new financing for any good or service you wish to obtain.
2023-11-03 19:58:47
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