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Debts in the Credit Bureau, how long does it take to clear them?

When debts have been contracted on credit cards, for a loan requested or for services such as cell phones or pay television, and these debts are not paid, the Credit Bureau maintains the debt figure or figures, such as a way to record how the debtor acts.

When some time has passed, some records may be deleted from your history, but that does not mean that the fact that you did not pay what you owed disappears.

When some time has passed, some records may be deleted from your history, but that does not mean that the fact that you did not pay what you owed disappears. Photo: Pixabay.

How long it takes to remove unpaid debt from your credit history depends on the amount you owe. Let’s see some examples:

25 UDIS, 167.48 pesos, more than a year. 500 UDIS, 3,349.66 pesos, more than two years. 1,000 UDIS, 6,699.31 pesos, more than four years.

Debts for more than 1,000 UDIs take more than six years to be removed from the record, only if:

The debt is less than 400,000 UDIS, that is, 2,679,724.80 pesos. Not in not in judicial process. There is no fraud.

To remove the record of outstanding debts from the credit history, it is marked since the bank or credit institution that made the loan informs the Credit Research Societies that the last payment was made, or since the credit information was last updated. .

So that you do not have debts, it is recommended that:

Pay on time. So you don’t have to pay interest or additional amounts for skipping payments. Look for alternatives for refinancing your debt. You can request the support of a company that repairs debts, liquidates it by paying a lower amount or increases the term for you to cover your debt. You transfer your debt to another bank. In this way, you can pay a preferential interest rate or extend the term for its settlement. You can do this if you are up to date on your payments.

According to Coru.com and Brad.Feebo, according to the records in the credit history, 81% of the Mexican population owes less than 10,000 pesos, what 18% owes ranges from 10,000 to 100,000 pesos and only 1% owes more than 100,000 pesos.

If you owe and do not pay your rating in the Credit Bureau on time, your credit history will be damaged and you will not have access to loans for larger amounts.

More information in our Credits Section.