All individuals who take loans through banks have a certain credit record. The credit registry in question is kept on the Credit Bureau and the banks learn the necessary examinations through this institution. All the credit registers of the people develop on their own.
When you apply to the Credit Registration Bureau, the transaction is made over your TR identity number. In this respect, does my spouse’s credit rating prevent me from getting a loan? We can say with certainty that there is no such situation for the people asking the question. Your spouse’s credit rating is not taken into account in your applications. You will only be evaluated on your own credit registry.
Does my spouse’s credit rating prevent me from getting a loan
Those who apply through banks sign the required specification with their own identity. Banks are not legally authorized to collect your partner’s debt from you. In this process, only necessary foreclosures can be made from properties registered on your spouse. However, if you are the person who appears as a guarantor in your spouse’s loan application, then the banks will want to legally collect the debt from you.
Can I Withdraw Credit If My Credit Rating Is Low?
The most basic condition for banks to use credit will be the status of the credit rating. In this respect, if your credit rating is below a certain level, banks will not respond positively to loan requests in any way. Because people with low credit ratings have not paid the previous products regularly. For this reason, banks consider you insecure about repayment and reject credit applications. In order to attract credit, banks will first ask you to be above a certain credit rating limit.
How Many Should I Have My Credit Rating To Withdraw?
The credit rating varies between 0 and 1900 points. Various risk groups were identified by dividing this score into certain intervals. The middle value here will always be 1500. Because the people who are below this score are grouped as risky, less risky and most risky respectively. In other words, people with a credit rating below 1500 are always considered risky by banks. If your credit rating is over 1500, you can easily use credit if you meet other conditions.
How Do I Upgrade My Credit Rating?
Upgrading the credit score will only be possible by providing regular payment. Those who want to raise their credit ratings above a certain level must first close all debts to banks. For this, you can apply to banks to request a debt restructuring. Thus, you can pay the debts in monthly terms. You can then apply for a low limit credit card application or loan application from banks to increase the credit rating.
You can increase your credit rating after a certain time by making monthly payments of the low limit products you will buy. Besides, placing an automatic payment order and actively using internet banking will increase your credit rating to a certain level.