He Credit bureau is an entity in charge of collecting, storing and providing information on the credit and financial history of individuals and companies to create a detailed credit report for each of them.
This report includes details about loans, credit cards and other types of debt, adding the opening date, credit limit, current balance and past payment records.
If you have never requested a loan or processed a mortgage and you discover that you are registered with the Credit Bureau, it may be alarming and you may wonder why. Is it a bug? we tell you.
The first explanation points to a system errora case of ‘homonymy’ in which the problem lies when there is another person whose name and information match, so you could see someone else’s credit history as if it were your own.
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The second reason why you could appear in the Credit Bureau is identity theft. Some criminal may have used your information to impersonate you and commit crimes, leaving you in debt.
In the last place, You may have signed as a guarantee in the financing of another person and they will not keep their payments up to date. This affects the Special Credit Report, so we recommend you think twice before doing this type of favor.
How do I know if I am in the Credit Bureau?
To review details about your Credit bureau you can go to this website. Once on the website, you must verify your identity and have credit card and other loan information.
To review this information you must access the “Special credit report”. Your consultation is free every 12 months or once a year.
After filling out the forms that are requested, you will be able to access the following data:
- Details about credit history
- Payment behavior
- Check if your payments are current or late
- Estimated date of the end of debts
- Amounts to pay
- See which institutions have been involved in your history
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