Will the money be free of credit history?
To apply for the first time, it is the responsible in fact, banks always scrutinize the credit history of borrower to assess its solvency and integrity. The credit history of borrower allows banks to reduce uncertainty in the credit decision and to make a better forecast of the payment discipline of the future borrower.
In assessing borrowers, banks actively use information stored in the credit histories bureau. If a customer arrives for the first time, the absence of credit history may affect the subsequent decision of the bank, as a rule that the borrower may be denied microcredit. In order to obtain the necessary loan at the bank, the customer may be insured and advance loan to the microfinance company. The timely payment of which will allow the start of credit history and earn a reputation for responsible borrower. One such microfinance organization is a credit park company that provides money to the debt for borrowers with a missing credit history.