It is not uncommon to hear, from time to time, comments from fearful people for being registered with Datacorp, also known as Telequality. It is a central risk and its main function is to record the credit history of Peruvians, but not only of debtors, but of all. That is, if you have no debts, it will also appear, but in a positive way.
What happens when you have unpaid debts?
These are registered at the plant, which affects your credit history and also your next loan application, as financial institutions turn to Datacorp to assess whether it is a risky customer or not.
But what happens when you have already paid the debt? The first thing that will happen is that it will appear on the portal as ‘debt canceled’, but it will not be immediately, but after two months, which is the period in which the information is updated. That is, once the payment has been made, you will have to wait 60 days for it to be displayed at the exchange.
If after this time the information is not updated, the financial institution may not have given the correct or current information, so you can send a request to Telequality for review or also request the entity with which you had the debt a non-debit letter that you can then present to the risk center.
But is that enough?
Something you should know is that after two months your debt will be recorded as ‘debt canceled’, but it will not disappear from the portal. For it to disappear completely, it takes up to two years.
Remember that the better your credit history, the more likely you are to be granted the loan you are looking for.In addition, do not forget that banks are not the only ones willing to lend you money, if you need financing, you can also use cash and cash.