Credit Registry Cleaning Methods (All Details and Tricks)
There is a high probability that the credit rating may have fallen or administrative follow-up has been initiated about the person due to some adversities experienced after commercial relations with the banks in the past.
In this context, these situations, which have a negative impact on the registry, also have a negative impact on future credit and credit card applications. Therefore, it is useful to mention some details about credit registry cleaning methods and credit registry.
Why Credit Registry Is Important
The first step that the bank takes in evaluating the loan request while the loan application is made is to check the credit registry. The credit registry is a very comprehensive report that includes all payments made with respect to credit and credit cards used by banks in the past.
In case of any negativity in this report, it is possible to refuse the loan application or to allocate a loan with a much lower amount than the amount that would normally be used.
Therefore, giving importance to the credit registry of individuals is very important in order not to be unquestionable for loan requests and to benefit from low-interest loans of some banks that set interest rates according to their credit ratings.
The difference between the Credit Rating and Credit Registry
The credit rating is the result of the credit registry. In other words, the credit rating means final evaluation, however, the credit registry is included in every commercial transaction that takes place in previous periods, when the payment is made, when these payments should be made normally, how much payment is made, how much financial average the person has on average. etc. is a report with details.
The reason why a blacklisted person is on a blacklist will also be clearly visible in the credit registry. As it is known, if debt to be paid to the bank is not paid for 90 days, legal follow-up is started and after the legal follow-up, the person is blacklisted and pushed out of all basic banking services.
Entering the blacklist is the worst case that the credit registry can fall. A blacklist person cannot receive a positive response to any loan application or credit card.
Is the Registry of the Blacklisted People Cleared?
If the person is blacklisted due to not paying the debt, the only thing he can do to get out of this list is to wait for 5 years. If the application of registry amnesty does not start within this period, basic banking services may be used again after 5 years. However, in order to regain this right, the previous debt must have been paid.
How to Clear a Credit Registry
In order to clear the credit registry, existing debts must first be arranged. The simplest and most effective way to streamline existing debt is to request structuring. If the configuration request cannot be made, the term of the existing debt can be extended through debt transfer or the debts can be collected in a single bank.
Another step to be taken in order to clear the credit registry is to keep the relations with the bank well for the deferred debt. The Bank can hold talks with the borrower at the end of 60 days through a lawyer, there are also some alternative practices that can take place in this process and it is related to their goodwill.
Another step that people can take to clear the registry is to try not to delay. Regardless of the first debt to be paid, the first debt should be tried to be paid first. If mortgage loan, etc. If this is not the case, it will be a very important step to avoid delay in this period when the dates are important.