Russians To Get Personal Credit Rating in 2019
28 August 2018 (09:39)
UrBC, Moscow, August 28, 2018. Russian nationals will start getting assigned a personal credit rating after the latest amendments on the Credit History Act come into effect next year, Rossiyskaya Gazeta refers to acting Director-General of United Credit Bureau Nikolay Myasnikov as saying.
According to Myasnikov, the rating will look like a score assigned on the basis of various credit history parameters such as past-due payments, loan burdens, the number of times someone’s credit history check has been applied for, and how long a person’s credit history is.
‘The lower the score, the higher the risks. In a nutshell, this is more or less the same thing as the scoring system creditors are currently using to make their loan-issuing decisions,’ he said.
Myasnikov pointed out, however, that even a very high score doesn't necessarily guarantee you a bank’s approval. It is always the creditor that makes the decision, after all.
He also said that, as of the current state of affairs, the bureau didn’t need a person’s consent to start accumulating their credit history.
According to Myasnikov, the rating will look like a score assigned on the basis of various credit history parameters such as past-due payments, loan burdens, the number of times someone’s credit history check has been applied for, and how long a person’s credit history is.
‘The lower the score, the higher the risks. In a nutshell, this is more or less the same thing as the scoring system creditors are currently using to make their loan-issuing decisions,’ he said.
Myasnikov pointed out, however, that even a very high score doesn't necessarily guarantee you a bank’s approval. It is always the creditor that makes the decision, after all.
He also said that, as of the current state of affairs, the bureau didn’t need a person’s consent to start accumulating their credit history.
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