How much credit history is stored and where?

The article tells how many years the credit history is stored, reveals the very concept of history, where you can find information on the document and whether there are any services for correcting the document.

What is a credit history?

Before answering the question of how much credit history is kept, we will deal with the very notion. A credit history is a set of information about a certain borrower, his current and repaid loans, the availability of bad debts and delinquencies. It should be said that even those payers who successfully repaid the loan without delay, also have a credit history in the CRI.

History begins to form from the moment of the first application for a loan to the bank. The section with title contains the basic information about the individual under the passport, the insurance pension number, the taxpayer's number. The second section is more voluminous, as it is here that information is kept about court cases and disputed issues in the credit relations with the bank. It is the quality of the data in the second section that affects the credit reputation of each subject. The last section is under lock, as it contains private information about the authors of the request and additions to the history.

Where can I see my story?

If you need to get a personal credit history, you need to use the resource of the main bank of the country in order to clarify in which particular institution the credit history is located, how much the document is stored and so on. You can also send a request through the mail, specifying an individual history code. The code is assigned immediately after the registration of the loan agreement, which is often kept secret by the employees of banking services. For the Bureau it is the duty to report at the request of an individual about the status of the credit status. A citizen has the right for one year for a one-time free receipt of information about the credit history. The story is sent either to the postal address in hard copy or to the email address. The processing time of the request is 10 days. Repeated requests are made on a fee basis.

Still it is possible to address in any БК or in serving bank. If the request is sent by mail, the document must be notified by the notary and wait for the reply also by mail.

How long does it take to remember?

Answering the question how much the credit history is stored in the bureau, it must be said that the information on each client is stored in the database for fifteen years from the date of the last entry, after which the data is deleted. Such a long term is conditioned by the need for banks to comply with the rules for minimizing risks when issuing loans. The answer to the question of how much a bad credit history is kept will be the same - at least 15 years. After the completion of the fifteen-year period, historical information is updated, which gives a chance to the aspirant for a positive decision on the part of the bank.

Data on the client are available only to credit institutions, as well as law enforcement agencies that conduct certain procedures against the subject.

What is a bureau of credit histories?

The Bureau is an institution that has legitimate powers to act and manipulate credit histories of individuals. There are several official institutions represented in the state register.

Often, borrowers are puzzled, from where in the CRI information on their good faith in the payment of loans, and even begin to file complaints about the dissemination of private information. However, they forget that they themselves put the necessary tick in the loan agreement. In order for the data on the borrower to enter the database, it is necessary to consent to the collection, processing and dissemination of personal information. The client may disagree, but in this case his chances of obtaining approval for a loan are small.

A natural person can also submit a request to the Central Catalog under the Central Bank of Russia in order to obtain information about which bureau is storing and processing its data. If the borrower has successfully paid the accounts payable, he should be interested in the fact that the data on the closure of the loan are included in the database of the bureau. The creditor bank is obliged to provide information stored in the bureau for all closed retail products, at the request of the client.

Is it possible to get rid of unnecessary records in history?

Many residents mistakenly believe that if BKIs are commercial structures, then with them for a certain price one can establish contact and clear history from discrediting events. But this is not so. On an individual request, a white credit history can not become. How much information is stored in the database, so much will be preserved for 15 years. The system is designed in such a way that there is no single opportunity to somehow change historical information. If the borrower offers such services, then he is dealing with scammers who want to cash in on the ignorance of the unlucky client. There is only one possibility to make a change in the story - if the facts are not true.

If negative data were entered on undisputed documents (for example, by court order), then the borrower has only a waiting time - fifteen years, after which the information will be deleted. If there is any doubt about the fairness of the data display, then it is necessary to refer to the sources of these changes and additions, say, to the court for challenging the decision.

How can I adjust my credit history?

If an individual has unquestionable arguments about an error in the database, then he must inform the BCH about this. The institution will fix the service check within thirty days after receipt of the personal application. BKI in the process of conducting the investigation will send inquiries to the bank about the availability and correctness of the bad debts. When the check is completed, the information is updated, and the incorrect items will be deleted. Upon request, a written decision must be submitted with detailed justification.

The borrower can also apply directly to the bank if he knows that the error has crept in precisely this credit institution. To do this, it is necessary to prepare a letter of inquiry addressed to the head of the bank.

Borrowers need to bear in mind that for the bank, of course, credit history is important. How much history is stored, it is necessary to know, but this does not mean that in the presence of the slightest delay, the bank will immediately send negative feedback to BKI. The bank until the last will remind of the debt without making additions. Also, before panicking to ask the question "How much credit history is stored?", You need to know that the banks have their parameters for the "white" period in order to approve the loan. Let's say that if a potential borrower has no problem loans in the past three years, then it is likely that the bank will arrange it.