Credit rating is a system in which banks are given credit and credit cards by seeing banks’ customer portfolios. It is a system where credit rating is determined by taking into account many different criteria determined according to the payment order and debts of the person. It is a system calculated within the grades determined between 0-1900.
One of the things that many people wonder about is the effect of private and public debt on the credit rating. At this point, financial performances and credit ratings affect both the private and public sectors. Obligations and debts to the state are a sign of an irregular economy and are included in the financial analysis. As a result, the credit withdrawal from the bank, credit card debt, overdue and falling payments are reflected in the credit rating and how it affects the status of the credit and credit cards to be requested in the next process, unpaid, overdue tax debts as well as social security premiums affect the credit rating. as the situation emerges.
On which date did the tax debts affect the credit rating?
In this process, the effect of the tax debts on the credit rating of the central bank is great. A different process was envisaged when the central bank reported the credit rating information to the risk center. At this point, invoices, credit card debts, checks and promissory notes were transferred to sgk and tax debts with a law and a system was created covering them. As a result of this process, the scope of tax debts has expanded and the debts of the central bank have started to affect the credit ratings. However, the delays in this process are reflected in the credit rating if the tax debts fall into execution status as they are taken under interest.
Does Tax Debt Reduce Credit Rating?
Today, our obligations to the state include taxes. The taxes we pay in the society are listed as real estate tax, special consumption tax, motor vehicle tax, commercial taxes, tradesmen taxes and stamp taxes. At this point, making payments is an obligation but also a duty. If such taxes are not paid, we will provide information on whether the credit rating will drop.
If you do not pay the tax on time, your credit score will fall. At this point, the issue to be considered is the process of tax debt. If there is a delay, there is no change in the credit rating at this point. In other words, if the person did not pay the tax debt and did not initiate any process despite the submission, an execution proceeding is initiated. Exactly, tax debts reduce the credit rating during this process. The debts falling into the execution proceedings are inserted into the bank system and the credit rating decreases. If the debt is not paid after the execution proceedings, the foreclosure process may begin. Blacklisting may also be involved in the foreclosure process.
If your tax debt is followed closely, banks may not see it through the system during this process. However, it is reflected in the bank records in case of execution. At this point, the Credit Bureau draws down the credit score as it sees the execution proceedings. In other words, your Findeks score decreases. At this point, after paying your debts to the tax office, you must go to the tax office and request to remove the enforcement proceedings opened to you. With the removal of the enforcement proceedings on you, the decline in your credit rating will stop.
If you are applying for a loan and if you have a tax debt or insurance premium debt, it is very important that you pay these debts first. Those who do not have any tax or premium debts and those who pay their payments regularly in banking transactions have a higher credit rating and can benefit from the credit opportunities offered by banks more easily.
Can I Withdraw Tax Credit?
credit ratings of the lending system in Turkey has a huge effect. Although most of us don’t know what this credit rating is and what we will do when there is a message about it, the most important factor for us to take credit is the credit grade. When a customer applies for a loan to a bank, the banks evaluate their credit rating first. Regardless of the income level of the applicant, if the credit status is very low, they will never give him credit. As for the tax debtors, I should first mention that tax is a citizenship debt. It’s called the money we pay for the service we see from the state throughout the year. However, in some cases you may not be able to pay your tax liability.
When a person applies to a bank to withdraw a loan when he owes tax, does the bank give him a loan? In order to give a definite answer to this issue, we need to know how much tax debt the person has and what kind of tax debt he has. Government