Let us explain to you what the credit score is and how to consult yours for free. Also, check out tips for you to increase your score!
What is the Credit Score?
The credit score is a score ranging from 0 to 1,000. Each person has their score that is associated with the CPF and that varies from city and age , among other aspects. This score is based on the statistics of how is the financial relationship of people of the same profile with the market.
For example, retirees aged 60 to 65, who live in the city of Belo Horizonte. Or young students from 18 to 25 years old from São Paulo.
Scoring criteria are defined by:
If you have active credit on your behalf or have had loans in the past, enter as one of the criteria for score evaluation. The payment history of these loans are also analyzed.
The number of registrations in organs such as SPC and Serasa that the person currently owns, as well as the old ones, enter as a reducing criterion. That is, people with restricted CPF may have a lower than average score. That’s because, having outstanding debts reduces the confidence that you are a good payer.
If you pay your bills that are in your name on time, there is no reduction in your score. Therefore, you need to be alert when you ask for credit or make purchases on your behalf for someone else to avoid having a low score if there is no debt repayment accuracy.
How to increase the Score?
- Cleaning the name
If you have negatives in the CPF, seek the fastest possible agreement with the company that you owe. Often, agreements can be parceled out so that the installments fit into your budget. In addition, having the clean name makes it possible to buy back goods and carry out other financial transactions in the market.
- Paying bills on time
Once you receive your monthly income, organize yourself so that you can pay all expenses on the due date . However, if you are having trouble making the payment on time due to the due date, ask to change the salary, if possible, to help you organize your financial life.
- Positive registration in Serasa
In the same Serasa site where you consult your score, it is possible to do your positive registration . This shows that you are interested in keeping a high score, in addition to being very well seen by companies when consulting your score.
Payroll and credit score
Maintaining a high score score is very important for when you apply for credit in the market. However, in order to apply for the consigned loan or card, it is not necessary to consult the credit score and the credit protection bodies.
This is because these benefits are available to retirees and pensioners, who have a fixed income. Thus, it is possible for the paying agency to automatically discount the applicant’s monthly income and direct the amount of the installments to the bank. In this way, the chances of default are minimal, which dispenses with the credit analysis. And how can the loan or paycheck card help you get a good score for your score? Look:
People who have more than one negative record may realize that the value of all debts is getting too high to pay. In this case, it is recommended to apply for a payroll loan. With it, it is possible to contract a value that covers all your debts together.
In this way, it is possible to make the payment in full of all your expenses. The payroll loan can be divided up to 72 times, if the applicant is retired or pensioners of the INSS. Public servants can install their loan up to 96 times. However, it is important that the installments do not exceed their assignable margin of up to 30% of their salary.