Credit Bureau: This way you can check if your debt has disappeared

Many people fear being listed on the " Credit Bureau ," but it's not necessarily a bad thing. The Credit Bureau is an entity that collects and organizes your credit information to help banks and lenders decide whether to grant you new loans. Having a credit history is important, and even better if it's positive.

But how do you know if a debt has disappeared from your credit report? La Verdad Noticias tells you how to check and what you should take into account to take advantage of it.

The Credit Bureau doesn't keep debts forever. According to the National Commission for the Protection and Defense of Financial Services Users (Condusef) , the length of time they remain on the debt depends on the amount:

• Less than 25 UDIS (200 MXN): they are eliminated after 1 year .
• Between 25 and 500 UDIS (200–4,000 MXN): 2 years .
• Between 500 and 1,000 UDIS (4,000–8,000 MXN): 4 years .
• From 1,000 to 400,000 UDIS (8,000–3.2 million MXN): 6 years .

For the debt to be erased, it must not be in legal proceedings or considered fraudulent. This means that if your debts were incurred between 2018 and 2021 , they may have already expired by 2025 and automatically disappeared from your record, depending on the amount.

The most reliable and easiest way to find out if your debt is still showing up is to check your Special Credit Report . Here's a step-by-step guide:

1. Go to the official website of the Credit Bureau : www.burodecredito.com.mx .
2. Request your Special Credit Report , which is free once a year .
3. Fill out your personal information and your credit information (credit card number, mortgage or car loan, as requested).
4. Review the report carefully. All your current, closed, or deleted credits will appear there.

If you notice errors or debts that should have been resolved, you have the right to file a clarification directly on the platform.

Just because a debt is removed from your credit bureau doesn't mean you should let your guard down. On the contrary:

• Make your payments on time.
• Avoid taking on debt you can't pay.
• Review your history at least once a year.
• Plan your budget and maintain an emergency fund.

Remember that having a good credit history opens the door to better loans and lower rates.