Financial credibility

In the simplest terms, financial credibility refers to the degree of trust that a person or company represents to a potential creditor, business partner, employer, etc.

In the case of a loan, the bank or non-bank lending organization will first analyze the financial behavior of the person/company to make sure that you will honor your payment obligations on time. It will check information about previous loans, how you have paid your installments, late payments, and your credit score.

A positive credit history is the equivalent of a good financial reputation. In other words, the person or company shows financial credibility at the time of requesting the loan and has the ability to pay its debt obligations (credit and interest) on time and in full.

The easiest way to determine your financial credibility level is to check your Personal Credit History Report at INFODEBIT. Thus, you can check what information reaches the lenders, whether it is correct, the chances of negotiating a loan on more favorable terms, or what options you have for improving your financial credibility.

Our recommendation is to check your credit history every time after paying off a loan in full, to ensure that the information has been submitted and entered correctly in your credit history, and at least once a year, even if you have not or you have active credits.