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What is the difference between the Credit Bureau and the Financial Entities Bureau?

They may sound the same, however, it is important to clarify that the Credit bureau and the Bureau of Entities Financial are not the same thing. In case you do not know the differences, you have nothing to worry about, in this space you will be able to know them.

According to information provided by the National Commission for the Protection and Defense of Users of Financial Services (Condusef), the Credit Bureau is a Credit Information Society that has a record of the financial details of people with financings. So thanks to them, banks or other financial institutions can verify your credit history, if you pay on time, among other issues.

On the other hand, the Bureau of Financial Entities (BEF) is a tool in which anyone can review information about existing financial products or services. This means that with this system you can know from what each product or service consists of to their claims or qualifications.

Just by having access to the internet, you can choose the financial product or service that best suits you to purchase.

Just by having access to the internet, you can choose the financial product or service that best suits you to acquire | Source: Pixabay

The Credit Bureau is available on the website https://www.burodecredito.com.mx/, while the Financial Entities Bureau can be accessed through the website https://www.buro.gob.mx/ .

So do not hesitate to consult the latest tool before hiring a financial product or service.

By the way, if you want to know economic news or tips to keep your personal finances healthy, do not hesitate to consult all the information that we have daily updated on these topics in Oink-Oink.

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