5 pieces of advice: How to improve your credit record
Planning to get a mortgage or another large loan but afraid that your negative credit record could ruin everything? Don’t be afraid! Your credit record can be improved.
Your financial reputation
Credit record is information that characterizes the performance by the borrower of the obligations under a loan (credit) agreement, and any other agreement or obligation provided for by the law.
The credit record contains borrower’s personal data and all information about his/her loans. And most importantly, it contains data on how the borrower repaid these loans. All credit institutions that you have applied to are obliged to submit these data to the register – Credit Bureau “Ishenim” CJSC.
It means that if you have had loan delinquencies, a credit institution has every right to turn down your application for a loan in the future.
8 simple rules of maintaining the family budget
Need to save money for roof repairs or a summer vacation on Issyk-Kul but are always short of cash? Earning enough but still borrowing from relatives and friends at the end of the month? We all have been there. There are some simple rules you can use to manage your family budget.
1. Define your goals
“I need to renovate the kitchen” is not a goal, it is a dream. Set a specific, measurable and time-bound goal. The more specific the goal, the better. “I need to renovate the kitchen for 37 thousand soms by December 1, 20 ..” definitely looks like a goal. You can set 1 goal for different periods of your life (short-term, medium-term, long-term goals). Make them realistic.
However, there is always a temptation to put off something for tomorrow. In this case, right now, as you read these lines, take a piece of paper and write down your goal. Viola, the first step has been taken!