How to Clear a Credit Registry?
If there is a delay in the payments you make to the bank, unfavorable results appear on behalf of your credit registry. For this reason, it is useful to make payment transactions on time. Well, how to clear the credit registry, it is necessary to know the information about it.
What you need to pay attention to without applying for a loan
One of the things you should be aware of before applying for a loan is to keep your credit record intact and to meet your loan requirement.
When you correctly determine the loan amount you need, you will meet your need, when you determine your monthly payments and maturity correctly, you will not have any problems while paying the loan and you will not experience any delay in payment. Not having a delay in payment increases your credit rating and protects your credit registry.
Difference Between Credit Rating and Credit Rating
The credit registry refers to a report that covers everything you have experienced with banks. Included in your registration report are your credit limits, all your loans, deposit accounts and credit card limits.
In addition, there is a lot of information such as how many credit limits you use, what intervals you have paid your loan debts, whether you are in a delay or how much debt you have now. It is a more detailed report than your credit rating.
Determining Your Credit Rating
Your credit rating is determined by analyzing your relationship with banks. Your credit card consists of payment of your previously used loans and credit cards, income and expense status, credit applications you have made up to date and your intensity in using credit.
The credit score score range is between 1 and 1900. If your credit rating is below 900, you may not be able to get credit from banks. The score of 1200 and above is the ideal score range for obtaining credit. If your score is 1500 and above, you can get credit very comfortably.
What Should We Do To Avoid Black Listing In The Credit Registry?
If you are blacklisted in your credit registry, you have been referred for legal follow-up through the bank and have not paid for your credit installment for 90 days. To prevent this, you must first apply for a loan by paying attention to the payments before borrowing. After this phase is over, you should pay more attention to the relationship with the banks.
You should take advantage of all the configuration processes. In a situation where you cannot pay all of the debt, you should pay your debt, which is the earliest date. For your credit card, you should pay the minimum payment amount in the statement and get rid of the delay process.
If your bank registry is negative, it will be the right thing to wait for the record in your credit to be deleted for 5 years and not to experience any other legal follow-up process with the banks. You can also increase your credit rating by paying your debt on time in the following period.
What should you do to clear your credit registry?
First of all, it would be useful to evaluate banks’ alternative alternatives in order to pay your debts. You will have to use your time with 90-day bank lawyers in a beneficial way, as your loan will be difficult to get after your credit registry is broken. You can get rid of the delay event by paying the debt you need to pay first. For example, let’s assume that your first installment is delayed 60 days and your second installment is delayed 30 days.
Even if your payments are delayed 30 days or 60 days delay, your credit rating will be low. Since your debt, which is delayed for 60 days, is approaching 90 days, danger bells begin to ring on your behalf. Unlike all of your debt, you can get rid of the legal obligation by thinking in installments and paying your debt in this way.
When you decide to apply for a loan, it is useful to make an application considering your payment power. In order to correct your credit registry, pay attention to the payment of your debts.