If you have a good credit history at risk centers such as Good Finance, you can be a candidate for different types of loans. But how to build a good track record ? Have you started doing it yet? Here are some tips!
Pay on time
Paying your debts on time will help you build a good track record in Good Finance . I advise you to take into account the timely payment not only in banks, but also to those who provide services such as: telephone, electricity, water, etc.
If you missed the date and did not pay on time, do not wait for more days to pass! As soon as you have the money, pay the fee. The more days you delay, the worse your history will be. Keep in mind that if you delay 30 days your rating will have already changed from normal to “ client with potential problems ” and this report will not be deleted from your record until six months after the debt is paid.
Know your borrowing capacity
That way you will avoid generating debts for more than you can afford. Ideally, your debts do not represent more than 30% of your monthly income. It is not recommended that you borrow for your total borrowing capacity or you will not be able to access new loans, either online or in person.
Stay on top of your financial report
In Peru we can access the report for free from both the SBS and Good Finance. You just have to register on their websites or mobile applications. I advise you to do it so that you are aware of how the banks see you.
Having a good credit rating will not only open the doors of different financial products, it also brings you online loans in a few minutes . Start building a positive credit history for banks and financial institutions!