The validity of the ‘Borrón y cuenta nueva’ law ended, which began to apply from October 29, 2021 until October 29, 2022. Given this, hundreds of people have obtained which state maintains your credit history in the databases.
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Among the most frequent questions, as a result of a popular imaginary, is that the investigation of the score in the credit bureaus, in this case Datacréditolowers the score of the user or account holder being reviewed.
According to the Datacrédito portal, access to your history is mainly done to avoid impersonation or fraud problems. “The query trace is a mark that remains in the credit history of the owner of the information for a period of 6 months, to evaluate if it can be the object of granting credit.«, Explain.
Along with this, Natalia Tovar, Legal and Corporate Affairs Vice President of Experian Spanish Latam, told ‘Blu Radio’ in 2021, that «the times they consulted will not lower the score. The scores of DataCrédito does not take query traces into account, it is more a myth than anything else”.
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In this sense, it is important to highlight that with the expiration of the law, You will no longer be able to consult your history for free on the main page of midatacredito.com. You must pay a monthly plan to have access to such information.
What else changes for debtors this 2023?
According to ‘Forbes’ magazine, defaulters will not have greater or different affectation than what already exists in the regulations after the expiration of the ‘Clean slate’ law.
This means that when catching up on a debt you are it can be seen in the credit history for twice the time of the default and for up to four years.
“Likewise, the expiration of unpaid obligations is maintained. How does it work? After 8 years of consecutive delinquency reported in the credit history, that negative information will be eliminated from the credit history”, Tovar explained to ‘Forbes’.
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