Let’s start by emphasizing an undeniable fact: financial literacy is a big issue among Mexicans. This is one of the reasons why questions arise, and from there, it is handy to explain what the MOP code in the Schufa means and how it affects you.
The first thing we have to say is that all the reports created by the Schufa can be found, starting with the date the credit report was viewed, the page generated with the view, the date it was entered, followed by the Date on which the credit report was viewed General data of the accredited
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The second section of the credit report is a credit summary. Now we explain what the details of the credits are and then move on to the MOPs.
What does the MOP code mean in the Schufa, and how does it affect you?
MOP is an acronym that refers to “Month of Payment” and in our language, it translates to “Month of Payment”. Every month, the lenders report to Schufa, among other things, whether you have paid at least the minimum amount on time or whether there have been any delays in payment.
To continue with the relevant explanation, the MOP is manifested in numbers from 1 to 9. If you paid at least the minimum and did it on time, the MOP 1 of the on-time payer is placed; if you paid late, from 1 to 29 days, it is MOP 2, if you are 30 to 59 days late, MOP 3 is set; if late is 60 to 89 days, it is MOP 4, if late is 90 to 119 days, it is MOP 5, and for a delay of 120 to 149 days, the corresponding MOP is 6.
Continuing with the above, MOP 7 is used for delays from 150 days to 12 months, so it can be repeated in a payment history as it is a very significant delay. There is no MOP 8, but after 7 comes MOP 9, which means arrears of 12 months or more. For this reason, this MOP can be repeated in the credit history. The MOP 9 can also mean that the account has not been fully or partially recovered or that the consumer has committed fraud.