Bad credit history can definitely make our lives sad. We lose the opportunity to take out a loan when we need extra cash. And all because we happened to delay payment of some amount. What about this situation? Can you clear a bad credit history?
A bad credit history can ruin our chances of a loan – it is very important for the banks that grant it. The information that is in the Credit Information Bureau is carefully checked by banks, which is why people with negative entries have a difficult time granting a loan. Regardless of why our credit history is not good, we want to fix it. But is it even possible?
How do you clear a bad credit history?
Checking our credit history is very important for the institution in which we apply for any credit or loan. This gives grounds to determine whether we are a credible borrower. So if we are aware that during this process we will not do the best, we are looking for ways to improve this matter somehow. At this point, it should be noted that, unfortunately, we cannot delete individual data from our credit history in BIK. If the delay in settling the liability was longer than 60 days, this information will be visible in our credit history for the next 5 years.
So it’s not difficult to guess that mishaps associated with late repayment can drag on behind us for a really long time. This will make it difficult not only to get a loan from the bank. We may also have a problem with buying in installments and taking out loans online in companies that cooperate with BIK. It is worth knowing that not all companies check BIK. In return, they decide to cooperate with other credit information databases, such as the Kwanski Group.
Is a loan with a bad credit history possible? Loan without BIK
As we mentioned before – taking a short-term loan with a negative BIK entry is possible if you choose a loan company that does not cooperate with this information office. However, it is worth knowing that every legally operating loan company checks databases. However, not all of them use the same sources. So let’s look on the lender’s website for information about what databases are checked. An online loan without BIK checking can be taken, for example, on the Bela Mudwitch website. An additional advantage in favor of our offer is the possibility of applying for the first loan for free. The maximum amount of the first loan is $ 3,000 for a period of 30 days. However, it is worth ensuring timely repayment, otherwise additional costs may be charged.
How to improve your credit history?
As we mentioned before, it’s not possible to erase your bad credit history. Therefore, the best situation would be one in which you would not have to worry about your bad credit history at all. Therefore, before we decide to make any commitment, we should analyze whether we can actually pay it back on time. However, if the milk has spilled and a negative entry in our credit history has appeared, then the chance to rectify this situation is to repay the liability and withdraw the consent given to the creditor. Then, please contact BIK with a request to delete data about us. However, this does not always succeed.