"If you don’t have lump sum but want to purchase a house or big things that it will have borrowing from bank, beside readiness of document, guarantor and income, bank also will consider from credit information. So, we may have ever seen whom that prepares so well but bank didn’t approve because bad profile in Credit Bureau. "
Credit information which banks use to consider to approve loans is information about borrower and credit card that financial institution or company sent to National Credit Bureau (www.ncb.co.th) that collect information of spending in credit type by has the backdate information not over 3 years for credit card loans and personal loans, and not over 5 years for other types of loans counted from receive information first time. Credit Bureau will store information in 2 parts
Borrower’s information is personal information as follow
- Name – surname, ID card number, date of birth and other personal information
- Borrower’s address that given to creditor financial institution. If have a changing, it will be displayed by show 3 latest address.
- Summation of credit account that tell about how many account or credit of borrower
History of loans application and repayment show the information in account list by conditions as follow.
- Information from all financial institutions that used to use service that has detail both account type, account number, approved loans amount and spent amount.
- Account status such as Normal, closed, debt moratorium, in arrears
- Detail of repayment/arrearage that display the repayment history
- Credit default or arrears debt by credit type that may be 3 years or 5 years backdated up to credit type.
- Other information such as date of loans application, latest repayment date, delinquent debt, closed account, debt restructuring.
If financial institution that you applied loans found the history of delinquent payment, being no good debtor of borrower will be stored in information history that called “get bad profile in credit bureau”, such financial institution will not approve loans because these information indicate to discipline of money spending and discipline of debtor. If your history is not good, bank will have risk to be defaulted in repayment in the future.
To see credit information is considered as personal information. Credit Bureau will not reveal to public except 2 cases that are financial institution receive consent from borrower, customer or information owner that want to know that they have a bad history in credit bureau or not. For information owner, able to see your credit information at Krungthai Bank both in bank, ATM and ADM or Credit bureau checking service center of National Credit Bureau.
Document that you have to prepare for Credit Bureau checking (Data from National Credit Bureau)
At office (Credit Bureau checking center) has procedures as follow
1. Information owners come themselves show document as follow
Case of ordinary person
• ID card or passport or real alien card
Case of juristic person
• Copy of certificate of juristic person that certified not over 3 months and signed to authenticate by committee who has the power
• Copy of ID card or passport of committee who has power to sign that authenticated and real ID card or passport
• Juristic person's seal (If have)
2. Information owner authorize other person to proceed show document as follow
Case of ordinary person
• Power of attorney (ordinary person), fill out details and sign the autograph completely
• Copy of ID card of grantor of power of attorney that signed to authenticate and the real ID card
• Copy of ID card of grantee of power of attorney that signed to authenticate and the real ID card
Case of juristic person
• Power of attorney (juristic person), fill out details and sign the autograph completely
• Copy of certificate of juristic person that certified not over 3 months and signed to authenticate by committee who has the power to seal juristic person’s seal (If have)
• Copy of ID card or passport of committee who has power to sign that authenticated and real ID card or passport
• Copy of ID card or passport of grantee of that signed to authenticate and the real ID card
*File documents in 1. And pay fee to check credit information to officer.
*Information owner can request for report within a day requested or submission to send the report by registered mail (for a case of registered mail, 20 baht per issue).
