The Instituto del Fondo Nacional de la Vivienda para los Trabajadores (Infonavit) is a fundamental institution for access to housing in Mexico.
For many workers, an Infonavit loan represents the opportunity to fulfill their dream of owning their home.
However, a common doubt arises: what happens with my Infonavit credit if I am in Buró de Crédito?
Here at Grupo Gova, we will explain:
- How the Credit Bureau impacts your Infonavit credit application.
- The benefits of authorizing the consultation of your credit history.
- What options you have if your situation in the Bureau is not ideal.
- What is Buró de Crédito and how does it work?
- Buró de Crédito is a credit reporting company that records your payment history with banks, department stores, and other financial institutions.
This information is summarized in a report, known as a credit score, which reflects your behavior as a debtor. A high score indicates a good history, while a low score may be the result of late payments, defaults, or even fraud.
How does the Credit Bureau influence my Infonavit credit?
Infonavit, like other financial institutions, consults your credit history in the Buró de Crédito to evaluate your payment capacity and determine the amount of credit that can be granted.
- A good score allows you to access more financing.
- A negative credit history can reduce the amount you can borrow or even result in a credit denial.
- Is it mandatory for Infonavit to consult my Credit Bureau?
- No, the consultation of your Credit Bureau by Infonavit is voluntary. However, it is important to consider that if you do not authorize the consultation, you will only receive 60% of the maximum amount of financing that corresponds to you.
On the other hand, if you allow the review, the amount could be higher:
Up to 85% of the credit if your credit history is not perfect but still considered good. Up to 90% of the credit if your score indicates a regular credit history. 100% of the credit you are entitled to by law if your credit history is impeccable.
A high score indicates a good history, while a low score may be the result of late payments, defaults, or even fraud.
What happens to my Infonavit credit if I have a bad credit history?
If your Credit Bureau reflects a negative history, don’t be discouraged. Infonavit offers several solutions to help you improve your situation and gain access to credit. Some of these include:
Voluntary contributions: You can increase your savings in your Infonavit account to raise the amount of your credit. Score contests: Infonavit organizes contests where you can improve your credit score by meeting certain challenges. Advice and support: Infonavit provides personalized advice to help you regularize your credit situation.
How to improve my credit score?
If you want to increase your chances of obtaining a good Infonavit credit, follow these tips:
- Pay your debts on time – Meeting payment dates for loans and credit cards helps avoid negative records in your Credit Bureau.
- Do not over-indebt yourself – Apply only for the loans you really need and can repay without affecting your finances.
- Monitor your credit history – Regularly check your Credit Bureau report to detect any errors or inconsistencies.
- Use your credit cards responsibly – Do not exceed your credit limit and avoid making only minimum payments.
Being in Buró de Crédito does not mean you cannot obtain an Infonavit loan. Infonavit assesses your payment capacity and offers several options to improve your credit situation.
Gova, your ally to buy a house or apartment in Puerto Vallarta
At Gova, we are committed to offering you a wide range of developments that suit your needs.
From family homes in tranquil settings to modern apartments in central locations, our projects are designed to meet diverse lifestyles. We focus on creating spaces that offer comfort, quality, and a true sense of home.
Contact us here and take the first step towards owning your dream home!
