FX.co ★ Unlimited credit history, or who framed the borrower?

Lucky people who decided to get a credit, which has been very popular recently, have to be more intent, attentive and careful than citizens who do not borrow money. Bankers said that it is very easy to spoil a credit history. According to the law on Credit History, a borrower agrees with providing information to the Credit History Bureau, and a bank must inform it about loan arrears regardless of the sum and days arrears. The system is computerized, and the machine does not care if you missed one day or half a year. You are an undisciplined person whose credit history is spoiled. And even if you pay all fines and penalties, it does not allow you to get a renewed credit statistics. The fact of delay is documented and may be a significant argument to reject your application for another loan. That is why, you should be cautious and follow the dates of payment as the destroyed reputation can work wrong for you at the most inconvenient moment. Remember, every standard credit agreement contains a clause according to which a debtor allows to pass the data about execution of payment obligations as well as delays and any other breaches of an agreement to the CHB. Therefore, if you plan to live on credit, do your best to pay in time.