The most important thing is to identify the credits in which we have debts greater than 90 days and based on this, generate a payment plan that allows us in the following months not only to be up to date but also to show a stable payment trend.

Once all our accounts are in payment behavior for less than 90 days, it is essential to attend to all those that are not yet in a Current Account. It is important to understand our loans to be able to pay the correct amounts and not generate interest that in the future may make it difficult for us to make timely payments.

If you have several credits that you need to regularize, it is important to focus on bringing all of them to regular status. This can be achieved with a punctual strategy where you attack month after month one credit at a time. However, it is important that the other credits are not generating late payments or interest that we cannot cover.

This is when the organization and prioritization of each person will play an important role in the regularization of all credits. Remember that to have a better rating in the credit bureau report, we must have all our accounts in order and avoid showing negative trends that can identify us as debtors.


How does the credit bureau work?


The credit bureau works by analyzing the information of all the credits obtained, the payments, and the terms in which the corresponding payments were made. Within the analysis carried out are all the loans that the user has assets and loans that have been paid in full.

In the same way, the report includes information on how many months you have overdue payments and in what state each active credit is.

It is important for a company that will give a loan or credit, to know the behavior that the contracting party usually has in his financial life. It is these analyzes of the credit bureau, which allow a company to know if a user will make their payments in a timely manner.

Although the credit bureau sounds like an institution that only makes it difficult for you to obtain credit, in reality it is quite the opposite, since having a positive credit history will mean that the loans you can receive are larger and with better interest rates.


How to interpret my credit bureau report?


The most important thing during this process is to be able to identify which of your credits are active and up to date and which ones need your help to be better positioned.

The report is very easy to read since it is designed with tables and with the indicated signage to make reading it easier and more efficient. The first section shows us the name of who requests the report followed by the addresses that have been registered in different institutions. In the same way, the address of the jobs that this person has registered is found.

Once you make sure that your data is correctly represented, it is time to analyze all your active credits. The Credit Summary table shows a list of bank and non-bank credits that are active. In this list we can see the updated information of said credits.

For the user, the most important thing is to review the column called Behavior. Since that is where we can see the symbology that shows us if a credit is up to date, has a minor delay or if it is more than 90 days late or has an unrecovered debt. Although it is good to always try to be up to date, the state that we must avoid is the third and will be marked with a red cross.

After this table, we find a breakdown table that allows us to see credit by credit, what has been the behavior of each month in the last three years prior to the report.

When reading the report it is necessary to identify all the areas in which the behavior is not ideal for financial institutions. This can mean several things, but mainly we must make sure that all our credits are in Current Account behavior, and in the same way in the breakdown we must ensure that the most recent months of our credits show responsible behavior and improvement.


How can I know if I am in the credit bureau?


It is very easy to obtain a report from our credit bureau. All you need is to have to is to dial *565*8# or go straight to to check. 

Once you have this information, you must access the Credit Bureau website. On the site you must follow the simple instructions that you will see on the screen and in less than 10 minutes you will be able to have your credit bureau report in your email as well as your credit rating.

Tips for building an impeccable credit history


Your credit history is your letter of introduction to banking institutions and some other consumer stores, and it is this credit report that will allow you to access more and better credits that can facilitate your purchases. So having an impeccable credit history is paramount, and here’s how you can achieve it:

  • paying off debts
  • Applying for a secured MasterCard
  • Registering a service in your name

The first step was already discussed above but it is very important to emphasize its importance. All the accounts that we have open must be settled or up to date in order to increase our rating in the credit bureau. This can be achieved with strategic and punctual payments, while we reduce our consumption to be able to make payments more easily.

The following steps that we can carry out can be in parallel or choose the ones that suit us best. Applying for a secured debit or MasterCard are good places to start building our credit history.

Another alternative may be a secured credit card, a card that instead of being linked to a regular bank account, is usually linked to an investment account. It has the benefit of being a card without a credit bureau, but it allows us to show the banking institution that we are capable of making payments on time and having responsible financial behavior.

For its part, the departmental card is also a good start since it will allow us to show that we can make responsible use of it without incurring extremely high expenses and interest rates that can get out of our hands.

Finally, there is a benefit to registering a phone or pay TV account in our name, it allows us to show that we are able to incur and meet scheduled expenses month after month. This shows our responsibility and ability to obtain and manage an increasingly large loan, without having to make a sacrifice or take out a larger loan.