Many department stores, such as Coppel, offer their customers the option of obtaining products on credit, since it is a payment facility that people use to purchase some products, however not making payments on time can take you to the Credit Bureau.
As it is a credit granted by a department store, many may think that debts will not affect their credit history, but this is not true, since They can take several years to disappear from the Credit Bureau and affect your future financial plans. Here we give you more details.
keep a good credit history It is essential, since it can help you obtain loans with better conditions in financial institutions. Conversely, a negative history can make it difficult to get creditfrom the smallest, such as a telephone line, to loans to buy a car or a house.
Regarding the debts with Coppel, it is important to take into account that They can take several years to disappear from the Credit Bureau. Even after a debt is paid off in full, it may still show up on your credit report, which can affect your ability to get credit in the future.
How long do debts with Coppel take to disappear?
In Mexico, the law establishes the time that must elapse for the information to be updated in the Credit Bureau and it is no different than those with Coppel, so you must take into account the following:
- Debts less than or equal to 25 investment units (UDIS), that is, (194.62 pesos), will be eliminated after one year.
- Debts of up to 500 investment units (UDIS) that is (3 thousand 892.40 pesos), will be eliminated after two years
- Debts of up to 1,000 investment units (UDIS), that is, (7,784.81 pesos), will be eliminated after four years.
- Debts greater than 1,000 investment units (UDIS) will be eliminated after six years, as long as they are less than 400,000 UDIS (more than 3,113,000 pesos), and the credit is not under judicial process or no crime has been committed. credit fraud
Now that you know this, remember that it is essential to keep these deadlines in mind and comply with the corresponding payments to avoid negative consequences on your credit history and so that you can access new financial opportunities in the future.
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