Story on time: Moral stories about time
Moral stories about time
Story About Sense Of Time
Once an old man and a young man were sitting on the shore of a wild and stormy river.
“Master,” the student asked, “why does the time flow straight, but always ripples, either slowing down to a complete stop, or racing like a cow with a thistle under her tail?”
The teacher looked at the seething water and answered:
“You see there are a few large stones in the river and a lot of small pebbles. Imagine that the river is your life. If you will only rejoice over big occasions – like your wedding that will happen next month, or like a new baby that you will have after one year, or new business that you will start after five years… – then you will cross your life in a few jumps, like jumping from one stone to another. Otherwise, if you will move in small paces over the pebbles, taking joy in small things: a sunny day, the beauty of autumn forest, a good conversation, then later looking back at your life you won’t see ten big stones, but lots of your own traces, and each of them you will be able to remember with a happy smile. And you will see that the road that you have crossed is much longer.”
“But teacher, when I love or when I do the work that I like or when I have a talk with friends – the time flies fast. But the time drags so long when I’m hurt, when I’m afraid or when I feel lonely.”
“You see,” the old man answered wistfully, “this is what it should be. When we are unhappy, we don’t live but we only exist, so the time lies still in our wallets. And only for our happiness we pay the ringing coin of time, that we still have left.”
Stories about time
One day a wise man was asked a question: “What is time?”
His answer was:
– Yesterday, today, tomorrow…
The one who asked the question was disappointed:
– That’s it?
– Well, – the wise man said, – then listen to this story.
There was Today which wanted to become Always… Yesterday said:
– I also wanted to become Always when I was you…
– Did you ask Always how it does that? – inquired Today.
– I asked.
– And?
– By changing, – was its answer, – by becoming Tomorrow from Today.
– But that means, – Today thought, – that Always does not belong to itself. It is always someone else! It means that something is making it do that. But what is it?
Yesterday said:
– Maybe it’s Time?
– What is time? – Today asked. – It’s only you and me, and also Tomorrow…
The one who was asking the wise man said nothing more, because another person, who was silent before, joined their conversation:
– But wise man, it means that time is the thing what passes. And that is wrong. It can also last by stopping.
The wise man looked at him with curiosity and answered with a smile:
– You are right. Sometimes today can last hundreds and thousands of years… before it passes. Sometimes it feels like yesterday has come back and we are living in it. There is a little bit of tomorrow in yesterday and in today, but we rarely recognise it. It turns out that there is only this trinity.
Storyline Online – Home
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What affects credit history
For life
Small business
Paragraph” color=”seattle100″> Before approving a loan, banks resort to various checks to assess the reliability of a future borrower. This allows you to find out whether the client pays his debts accurately, whether he is inclined to delay, and whether it is generally possible to entrust him with a large amount of money.
Become a client
One of the main indicators that the bank pays attention to in the first place is the borrower’s credit history: a special document that reflects all the information about his relationship with creditors. We figure out what factors can ruin a credit history and how to make sure that this does not happen.
What is a credit history
Credit history (CI) is a set of data about each borrower that includes all possible information about loans taken by him and more.
It indicates how many times a person applied for loans and how many loans he was eventually approved, what was the percentage of refusals, what were the terms and amounts of each loan, how carefully he made monthly payments, were there any delays, delays or other problems with payments, and also whether fines and penalties were imposed on him.
In addition, information about fines and debts that are not directly related to loans or financial organizations is also entered into the credit history. Unpaid fines for traffic violations, arrears in alimony, rent or utility bills, unpaid taxes, as well as any other debts can affect CI.
Credit history is an important indicator of the borrower’s reliability, but it can affect not only the issuance of loans. In addition to financial organizations, potential employers, representatives of insurance companies and even car sharing services may be interested in it. Therefore, it is important to keep your credit history clean and know what your actions can have a bad effect on it.
What can affect a credit history
First of all, the way a person repays his loans affects CI. If he makes all monthly payments on time, does not allow delays, and also does not have other unpaid debts, then most likely his credit history will be considered positive; otherwise, negative. However, this is not the only factor that can affect CI – there are several other indicators that can worsen the credit history of even the most respectable borrower.
Loan refusal
If a person applied for a loan, but then for some reason decided to refuse it, then a note about this will appear in his credit history. The wording will depend on at what stage of the consideration of the application the client changed his mind.
If the refusal occurred after approval, then the entry “application approved” will appear in the CI, but there will be no information about the debt itself. And if you refuse even before approval, then the CI will directly indicate that “the client refused the loan.”
It cannot be said that such marks alone can spoil the credit history, since different banks interpret them differently. Some consider them insignificant and do not pay attention, while others may consider them an indicator of the unreliability of the client and, because of this, refuse to issue a new loan. In order not to spoil your CI in this way, it is better to carefully study all the conditions related to the loan in advance in order to finally decide whether you need this loan or not even before applying.
Early repayment
It seems that early repayment of a loan should only positively affect the credit history, because it shows that the financial situation of the borrower is so stable and stable that he can afford to return the money before the debt repayment period expires.
However, according to some banks, everything is not so clear-cut here.
If a person repays a loan early, then the bank loses part of the expected profit, since it does not receive interest for the remaining term. This means that customers who pay off their debt ahead of time are less profitable for their creditors. Therefore, early repayment in itself will not be considered a definite minus, but it can make banks wary.
Multiple applications at the same time
Hoping to secure the right amount, some borrowers send multiple applications to different financial institutions at the same time, thinking that this can increase their chances of receiving funds. However, as a result, they most often receive several refusals and damaged credit history. Why is this happening?
The fact is that the credit history displays not only approved loans, but in general all submitted applications.
Before approval, banks check the CI of a future client, see many simultaneous requests to different financial institutions, and may suspect a person of fraud, assuming that he wants to get a large amount of money and hide. Or they may assume that the person’s financial situation is so unstable that one loan is not enough to fix him – and for them this means a high risk of non-repayment of money.
The solution will be not to send all requests at the same time, carefully prepare all documents for filing an application, and in case of refusal, do not immediately go to another bank, but try to analyze your CI in order to understand the reason for the negative decision and correct it.
Late payment
Delays indicate the borrower’s lack of financial discipline and let banks know that they are taking a risk by issuing another loan to this client.
That is why a delay in monthly payments can greatly worsen even a good credit history. How much the rating can drop after a payment delay depends on two parameters – the frequency of delays and the number of days of delay.
Usually, banks are lenient with minimal delays, which do not exceed 1-2 days, although even they can affect CI if they are allowed regularly. But delays of a week or more are considered a more serious violation of obligations, due to which the next time you can be denied extradition. The main rule here is that the more delinquencies and the longer their term, the worse the rating becomes.
In order not to spoil your CI due to delays, try to make regular payments in advance – at least a couple of days before the deadline. So you protect yourself from accidental delays and do not spoil the CI.
Credit cards
ParagraphWrapper” color=”brand-primary”> Credit cards are one of the forms of credit, so all information on them is also entered into the CI and affects the borrower’s rating. If you regularly use the card, close the debt on time and avoid delays, then this will positively affect the CI and improve your rating. However, using the card incorrectly can make your credit history worse.
If a client has a credit card debt, the bank may refuse to issue a loan due to fears that the borrower’s financial burden in this case will become too large and he will not be able to repay the debt on time. There can be two solutions: either close the card debt before applying for a loan, or provide the bank with proof of income that will allow you to close two loans at once.
How to find out your credit history
The credit history of each borrower is stored in special bureaus – BKI, which accumulate all information about the interaction of a person with his creditors.
To find out your CI, you must first find a list of those BCIs in which it is stored. This can be done through the State Services or through the website of the Central Bank of the Russian Federation. In the first case, it will be enough to send a request on the portal, and in the second case, you will first have to find out your subject code, which is usually indicated in the loan agreement. After receiving the list of BCIs, you need to register on their websites and request the information you need.
You can find out your CI both for a fee through intermediaries, and for free with an independent search. Each person has the right to learn their CI for free twice a year – you will have to pay for further requests.
How to improve bad credit history
There are several ways to improve bad credit history.
- If you already have a loan, make all payments on it on time or a little early and avoid delays.
- Pay fines for traffic violations on time, avoid debts on alimony, rent or taxes.
- Take out a small loan or take out a credit card and pay off your debt carefully without going beyond the payment schedule.
- Get an installment plan for a low-cost product – for example, household appliances, electronics or clothing – and close the debt on time.
- Credit history contains all records of loans and borrowings, including debts to third parties and commercial organizations, government agencies.
- Credit history can be spoiled by several applications for a loan submitted to different banks at the same time, the presence of debt on a credit card, delinquency on loans and other obligations.
- Refusal of an approved loan or early repayment of a current loan are not unequivocally positive or negative factors, if there are no negative factors in other points of the credit history, such information will not affect the issuance of subsequent loans.
- To check your credit history, you need to submit a request on the BCI website where your data is stored. You can find out exactly where your CI is located through the website of the State Service.
- In order not to spoil your credit history, do not allow the formation of debts. To improve your CI, it is worth closing all delays, adjusting the payment schedule for current contracts.
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General license of the Bank of Russia No. 3292 dated February 17, 2015.
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Corporate Information Disclosure Center.
Disclosure of information in accordance with Bank of Russia Ordinance No. 3921-U dated December 28, 2015.
By continuing to use the site, I agree to the processing of my personal data.
what it looks like, why it is needed, how to check what good and bad stories mean
Antonina Sergeeva
journalist
Author profile
Michel Korzhova
former bank employee
didn’t get hired or you’re just bored – look at your credit history.
Perhaps in it you will learn a lot of interesting things about yourself.
In the first article in the series, we will tell you what a credit history is, who requests it, and why it is important.
What is a credit history
A credit history is a record of you as a borrower. The subject of the credit history is the borrower for whom this dossier was filed.
In the credit history you can see:
- Who requested it.
- All loan applications and decisions.
- How loans were paid and whether there were delays.
Credit history is stored in the credit bureau — BKI. In July 2021, eight BKIs are operating in Russia. The largest are NBKI, Equifax, OKB and Russian Standard credit bureau.
State Register of Credit Bureaus
Your credit history can be in all of them, in some of them or only in one. Each bank decides for itself which bureaus to cooperate with.
For a credit history, apply directly to the BCI or through third-party services. Twice a year you don’t have to pay for getting a credit report at each bureau.
All additional requests will be subject to a fee.
What to do? 04/26/18
I want to apply for a free credit report. How to do it?
What a credit history looks like
There are no rules on how a credit history should look, but each must have several mandatory parts: title, main, information and closed.
Art. 4 of the Federal Law “On credit histories”
In the title part – standard general data about the subject of the credit history: full name, passport details, TIN and SNILS.
In the main – information about current loans and court decisions that have entered into force on the recovery of funds, on bankruptcy, as well as the borrower’s credit rating, if the BKI calculates it.
A credit rating, or a score, is an assessment of your payment discipline based on the data that the CBI has about you. The bureau takes into account whether a person took loans, how many there were and how he paid them off.
It is important to understand that a credit rating is informational in nature.
/guide/credit-raiting/
How to find out your credit rating
It helps to estimate your chances of getting a loan. At the same time, a bank issues a loan, not a bureau. When deciding whether to issue a loan or not, the bank evaluates a lot of additional information about the borrower that the bureau does not have. Because of this, it happens that the credit rating may not be very high, but loans are still issued, and vice versa: the rating is high, but loans are denied.
In the information part – all submitted applications for a loan and the result of their consideration: a loan was issued or not.
Only the borrower sees the closed part . It lists everyone who has ever requested a subject’s credit history and who has submitted information to it.
Credit history of an individual. For example, my credit history looks like this.
Since I have never taken loans, my CI contains only information about which banks requested it
And this is how the credit history of a person who took loans looks like. It contains information about the type of loan, when it was taken, from which bank, for what amount and how it was paid
If there were delays, they will be indicated in the credit report in the form of time ranges. This is how they look in Equifax In the NBKI, delinquencies look like in this picture, but in the OKB they are not highlighted at all
The credit history of legal entity is different in that it does not contain an information part. The title part contains details instead of personal data: name, address, PSRN, TIN. Since organizations can be sold, merged and change names, the title part contains information about this as well.
paragraph 5 art. 4 FZ dated December 30, 2004 No. 218-FZ
How a credit history is formed
Credit history begins to form after the first application for a loan.
When you apply, the bank asks for your consent to check your credit history. If you do not give consent, the bank will not be able to look at your credit history, but will not be able to issue you a loan.
What to do? 04/10/19
Inquiries from banks appeared in the credit history, which I did not contact
Even if you don’t get a loan in the end, information about the submitted application will appear in your credit history.
Banks sometimes ask you to agree to a credit check if you use a debit card. This is so that the bank can continue to offer you different products, including loans.
When applying for a debit card, you can refuse to check your credit history with the bank. This cannot be the reason for the refusal of a debit card.
When I applied for a Raiffeisenbank debit card, there was a checkbox in the application for the card to agree to a credit history check. I put “No” because loans do not interest me
What kind of credit history is considered good
Different banks assess credit history differently.
For example, some banks check information on loans for the last year, others analyze how loans were paid three or even five years ago.
Another example: some banks are critical even of minor delays, while others are ready to issue a loan, even if a person had several delays of several months.
What to do? 05.02.18
I have a lot of small loan arrears
A special borrower assessment system is called scoring. Banks consider a good credit history with the following properties.
Over one year old. The older she is, the more information about the borrower the bank can study. This helps to better assess its solvency. This criterion works in conjunction with the number of loans taken.
For example, if a person took out one loan in 2015 and repaid it in 2016, the age of the credit history will not matter much: the loan was a long time ago, the borrower’s financial situation could change and how he will be able to repay loans in 2021 is already not quite clear.
No delays. It is desirable that they do not exist at all. If they were, everything will depend on how long the loan was not paid and how long the delays were. For example, if you didn’t pay a loan for six months, then made a payment and a month later applied for a new loan, most likely the bank will not be ready to give you a loan: there is a risk that your financial situation is unstable.
Without a large number of simultaneous applications for loans. If a person applies for five credit cards or cash loans at the same time, the bank may think that the person is in financial trouble. Because of this, the scoring system may refuse a loan.
An exception is if we are talking about a mortgage or a car loan. These loans are secured by collateral, and here the bank understands for sure that a person is simply comparing offers from banks, and is not planning to take out five mortgages at the same time.
How many loans there were.
The more the borrower has successfully repaid loans, the better. Separately, it will be useful if a person took different loans: cash loans, installment goods, credit cards, mortgages or car loans. So the bank will understand that a person can plan his money for different types and amounts of loans.
Credit load. If a person has many open loans, he may not be able to cope with a new loan. It is simply unprofitable for a bank to issue a loan to a credited borrower.
What to do? 02/28/20
How does the debt burden indicator affect the terms of loans?
What kind of credit history is considered bad
The key indicators of bad credit history are delinquency and high credit load. A particularly negative factor is if the loan was sold to collectors, the borrower was sued, or he did not repay the loan at all. In such cases, the bank is likely to refuse a loan.
All other indicators are secondary.
For example, the frequency of applications for loans or decisions on them are important for one bank, while another is more loyal to this information.
Some banks may be wary of borrowers who do not yet have a credit history. Since there is no information about how a person previously repaid loans, it is not clear how he will repay the loan: will he repay it on time, pay it in advance, or not pay it at all.
Why companies need a credit history
Credit history is used by lenders, insurers and employers. So they are looking for reliable customers and employees. By law, any organization that has the written consent of the subject of a credit history has the right to request his credit history.
Lenders decide whether to lend or not. Creditors may be:
- Banks.
- Microfinance organizations — MFIs.
- Credit consumer cooperatives – KPC.
The lender must check the borrower: how reliable is he and whether he can return the money.
Whichever bank you apply to, they will all see your credit history.
Insurers protect themselves from fraudsters and irresponsible people. If a client is late with payments and has several loans, then he obviously does not have enough money. For their sake, he may simulate an accident. Therefore, insurers are ready to increase the cost of the policy for such clients or even refuse them insurance. For borrowers with a good credit history, the insurer can make a discount on the insurance policy.
Clients with loan arrears more often turn to insurance companies for payment and ask for 30-50% more than reliable clients.
Source: Kommersant
Car sharing services request a credit history for similar reasons . If a person pays his loans poorly, it is more likely that he will treat the rented car in the same way, and in the event of an accident it will be problematic to recover damage from him.
Employers rate an employee: how disciplined and responsible he is. Typically, large companies, as well as financial and credit organizations, request a credit history, in particular if a person is applying for an important position. If a person is credited, then he clearly has problems with decision-making.
Community 11/23/20
Employer requests information about my financial obligations. It is legal?
Izvestia newspaper experts believe that such an employee will fail the project, fail to notice the mistake, or cheat. Credit history is a litmus test for a position with financial responsibility: director, accountant or supply manager.
Meet according to the report – an article in Rossiyskaya Gazeta
Credit history falls under the law on the protection of personal data, so it is not given out to just anyone. This means that if an employer wants to check your credit history, they must ask you to sign a written consent.
You can refuse, but then the employer may also refuse to employ you.
How credit history is useful for you
Assess your chances of getting a loan. If you have taken loans before, you should check your credit history at least once a year in case there are errors.
What to do? 06/19/18
I want to correct a mistake in my credit history and not pay anything for it
For example, sometimes it happens that information about the payment of a loan did not appear in the credit history, which may cause a delay for a person. As a result, a person is denied loans, although he paid everything off.
Understand why a loan is denied. It happens that a person has never made delinquency on loans, and he is denied new loans. In case of refusal of a loan, the bank is obliged to inform the BCI of the reason for which the loan was refused. After looking at the reason in the credit report, it will be possible to roughly understand what exactly the bank did not like: you yourself or your credit history.
What to do? 03/05/19
I refused a credit card, and a bank refusal appeared in my credit history, how so?
How often the credit history is updated
The credit history is updated every time new information about the borrower becomes available. For example, if a person has applied for a loan, made a payment or is late, this information will appear in the credit history.
By law, the source of credit history formation is obliged to report to the CBI information about any changes in the borrower’s credit history within five working days.
paragraph 5 of art. 5 Federal Law “On credit histories”
All information about previously taken loans will disappear from the credit history if there have been no changes in it for ten years: no one asked for it, you did not submit new applications, you did not have current loans. In practice, this is almost impossible.
paragraph 1 of Art. 7 FZ “On Credit Histories”
Is there a credit history if you have not taken loans
Information about you may be in the BKI, even if you have never applied for loans.
I have never taken a loan, but there is information about me in the CBI. This is due to the fact that I agreed to check my credit history when applying for a job and applying for a debit card. Therefore, although I did not take loans, the bureau still stores information about me.
Additional information about debts can be submitted by mobile operators and bailiffs due to delays in alimony and housing and communal services.
If you have any questions or want to know more, watch the video. A bank loan expert explains what a credit history is, why it is so important for banks and what to do if you plan to take out a large loan, but there is no credit history.
In the following articles we will tell you:
- How to get a credit history in five minutes
- Find and correct errors in your credit history
- Return the trust of banks if you didn’t pay on time
Conclusions
- Credit history is a description of your loans since 2005: how much you borrowed and how exactly you paid, were the second borrower or guarantor.
