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History of credit in the Philippines is common when one is borrowing money. The lender will look at your credit history so as to determine the ability to repay money borrowed.
yes
There is no credit system in the Philippines, They dont even know what is a credit system
There is no credit system in the Philippines, They dont even know what is a credit system
CRA's in the US, report the credit history of transactions made only in the US. Therefore credit history from another country would not show up on a report in the US. This does not prevent a prospective creditor from requiring confirmation of the person's previous credit history.
Some of the best ways to build your credit history is to get a landline phone and make all your payments on time. Another way would be to get a credit card with a very low limit and pay it off every month.
yes
Your credit history is simply the period of time you have had open lines of credit. Say you had five credit cards and you kept them each for exactly one year and then closed each of them. You would have five credit years of history but most scoring systems would see that as one year of credit history. If you had one credit card account for one year and another for the subsequent year and so on for five years, you would also have five years of credit history, but, again, scoring systems would still see that as (more or less) one year of credit history. Now, if you had one credit card for five years, then the scoring systems would definitely see that as five yeas of credit history. So, creditors and scoring systems look at how long you have maintained each line of credit and the longer the better.
Actually if you add someone as an authorized user on your credit card, THEIR credit will go up but nothing will change with your credit. You are giving them the benefit of your positive credit history.
well transffered means to carry somthing from one place to another that's what it means
It goes on your Credit History as an incomplete pay history and in the comments sections in the Credit History for that bank they will give the reason for the negative history.
You can get credit history by having a credit card or line of credit. Anything that reports to the credit bureaus that you are paying each month. You can also get some credit accounts added to your credit history by becoming an authorized user on a spouses or family members account. All this doesn't matter if it isn't paid on time, so a credit history length with a good payment history will help your credit score.