How to Know My Credit History: Requirements, Steps and MORE

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If you have wondered How to know my credit history? In this article we have the guidance you need for you. It is very important to know this information, since in this way you can prevent falling into default and tarnish your credit history.

Here you will find the requirements and steps to follow, how to clean your credit history, how long a credit blemish lasts. Likewise, what is the financial system in Costa Rica about, and what is the General Superintendency of Financial Entities (Sugef) and what are its functions.

How to know my credit history in Costa Rica?

In Costa Rica, it is a great advantage to use the credits provided by financial institutions. Through them, you can carry out projects, obtain goods and pay consumption that at some point you did not have the possibility to cover without touching your capital. Always taking into account the ability to pay.

In such a way that, the credit history marks a precedent for the credits that you have acquired in detail. Also, when they were paid, but it is not only about credits, but also credit cards are included, and many people do not know this information.

For this reason, it is very important to obtain the documentation of the credit history, since it can show mistakes or omit data that, damage your credit record. To know your history, verify it and use it, there are banks that ask for it. Just follow the guidelines.

How to know my credit history: requirements and steps to follow

The requirements are basically two (2) fundamental aspects and very easy to get, if you don’t have them on hand there is no way you can get them. Among the requirements to know your credit history, you must present the ones mentioned below:

  1. It is a procedure that is carried out online, the main thing is have a pc where you can connect to the internet.
  2. Have a computer with a digital signature and the required configuration.

As you can see, there are only two (elements) that you can have within reach in a simple way, this prior to carrying out the procedure. Therefore, meet the requirements, and then go through the process to get the credit history.

Steps to follow:

  • The first thing is to access the official website of the General Superintendency of Financial Entities (Sugef).
  • The platform offers a number of alternatives, where you must choose the one that says «Check here for credit report.»
  • A new tab will appear and you must click on the option «Here».
  • Instantly, the platform will redirect you to the respective web page, where you must follow the guidelines and thus obtain the documentation or background.

The aforementioned steps are very simple, however, it is required that prior to carrying out this procedure you have the required requirements at hand, in order to complete the procedure.

How to know my credit history: how to clean it?

In the case of having a bad credit record, you must clean it. You have to do it to prevent complications of a legal nature, and also to continue using the credits. It should be noted that, instantly you do not have access to the credits, since the stain remains for at least 4 years, and then it is eliminated.

Here’s how you can clean up your credit history:

  1. The first thing is pay in full what you owe the bank.
  2. After making the corresponding payment of the debt, and request the settlement of the credit.
  3. The next thing is to wait until that the stain is cleaned automaticallyIn the event that this does not happen, you must attend the Sugef office with the documents that guarantee the payment of the debt so that they can clean up the record.

How to Find Out My Credit History: Length of a Credit Spot

You already know how to process your credit history, however, there are important data that we have not told you, so that we will give you a summary on this aspect. This in order to be clear about what is necessary.

So, the credit history of a client on these types of products is due to few elements. Mainly, to the payment made to the various types of credits that you have acquired. The documentation states that the holder of the credit is at one level.

These novices go from one (1) to four (4), taking into account that level four (4), the last one is the one granted to clients who do not have the necessary resources to pay. If you qualify for level four (4), you have what is known as a credit blemish.

The credit blemish has a duration of four (4) years, after paying the credit in full. At this time, you do not have the possibility of acquiring some type of credit provided by a financial institution, since your credit history is tainted.

Financial System in Costa Rica

In Costa Rica, the financial system is made up of a group of institutions that are dedicated to obtaining clients, with different functions and where savings prevail. Said system is very extensive, since it is made up of four (4) Superintendencies, which are:

  • The Sugef (General Superintendency of Financial Entities).
  • Superintendency of Pensions (SUPEN).
  • SUGESE (General Superintendency of Insurance).
  • General Superintendency of Securities (SUGEVAL).

These Superintendencies are in charge of supervise the financial systemHowever, they are governed by the National Council for the Supervision of the Financial System (CONASSIF). Additionally, he is in charge of the approval of regulations and policies directed by the four (4) Superintendencies of Costa Rica.

Some Tips on Credits

In reference to this very important aspect, we have some tips or recommendations for you. This in order that your credit history is impeccable, as time passes. These are as follows:

  1. The first point is start with small creditBesides being short-term, the goal is for you to be able to pay it quickly.
  2. In the case of using many credit cards, for prudence and prevention it is recommended to use few cards and keep availability to the maximum.
  3. Do not ask for very high credits if you cannot pay them in the established period. If you don’t have the ability to pay, you run the risk of tarnishing your credit history.
  4. Check your credit history, and check their status, if you do not agree with the information, make the request for the respective correction.

What is Sugef in Costa Rica?

In order to obtain a credit history, we previously said that you must access the Sugef official website. Therefore, you should know that this is the body that is responsible for providing this information. The Sugef is the General Superintendency of Financial Entities of the country.

The Sugef was founded in 1952, using the name AGB (Auditoría General de Bancos), this being an area of ​​the Costa Rican Central Bank. Then in 1988 it became the AGEF (General Audit of Financial Institutions), as a decentralized institution.

In 1995, after the amendment of the Organic Law of the Central Bank, it became the Sugef, which although it is a decentralized body, depends on the Central Bank and of a public nature. This is in charge of inspecting the financial system of Costa Rica.

Other aspects to take into account about the Sugef

The General Superintendency of Financial Entities (Sugef), is an organization classified as very important in the country. Also, it is in charge of offer the stability of the financial system in Costa Rica.

The aforementioned justifies the severity that could have been extended in the advance of some activities. In such a way that, the adaptations of some renovations in terms of regulations have been made possible, in order to carry out a recognition of risks.

The credit training of some guests, currently subject to public consultation by the State. The Sugef is a law that is in charge of protecting and consolidating the the country’s financial system, with all its components throughout Costa Rica.

It is an organization that plans through laws and regulations, established under a legal framework. Likewise, it protects the rights and interests of citizens, through bank transactions that are made.

In reference to the establishment of some flexibility instruments, their purpose is to the adaptation of some bank reserves of financial institutions. These will be conducted according to the instability of savings, which is very peculiar in the economic phases.

The Sugef guides both citizens and allowed entities that can intervene, through the Central Bank of Costa Rica, in the exchange market. Through these you can clearly see the conduction of these. It also makes reports with laws and regulations certifying the process.

You already have all the information related to How to know my credit history. In such a way that, you have the opportunity to access the Sugef website, and obtain this information. You just have to collect the requirements mentioned and follow the steps provided.

We hope we have helped you with this process. The most important thing is that you comply with your payment commitments in a timely manner, so that your credit record is totally clean, and you can enjoy the benefits that this condition grants through financial institutions.


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