THE CREDIT HISTORY
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Your credit history is a record of objective and unbiased, that contains information about how you have paid obligations to banks, commercial finance companies, cooperatives or companies or services, such as cellular telephony, cable television, among others, that you have or had obligations.
Your information is part of the databases of central risk from the time that you purchase a credit obligation. This is how, in the moment in which your request is authorizing Bank, establishment of trade or service provider, so share with such central payment habits. This information is built every month your credit history.
Your credit history shows the lending activity of the past 24 months. If you have haddelays in their payments they will be reflected, as well, as if you have paid their obligations on time.
Please note that being a credit history, there are both bills or obligations in force asof the cancelled registration. Your credit history is consulted by financial or commercial entities that grant credits. This story, along with other information, such as levelof income, employment stability, level of indebtedness or level of expenditure among others, allows to pass him the requested credit.
Each financial or commercial entity has its own policies for approval of credit. Your credit history is one of the tools of analysis that used these companies to make decisions. That is why, with a history of credit application can be approved by an entity and denied on the other.
There are different versions about the initiation of credit operations, but a broadly we can say, without fear of being wrong, that credit is as old as lacivilizacion. In its early days, the loan was done in species, and was until the emergence and employment coin when emerged the first credit signs in a way already tabulated.
Before Christian era deal, in ancient Rome, they found the first signs of the credit development. We know that their revenues fluctuated between 40 and 75%, and evenif appear high, is debeconsiderar that, the circumstances of that time, the lender rangreat risks. There is evidence of laws and decrees establishing punish body for the debtor insolvent or not cumplialo agreed with the creditor; There are also historical documents that indicate penalties variables between the confiscation of the propertyof the debtor, imprisonment, and even the death penalty, although more common elcastigo was its sale as a slave.
The bankers were generalized as well as lenders. Its activity was different, because they acted as money changers and merchants of precious metals, they charged theircustomers credits when debtors lived abroad, and charge at the same time pay thedebts of its local customers to creditors in other places, but they were not lending. It was until the 12th century when it appeared almost banks as we know them today.