The credit score is the reason why you are rejected when applying for a loan or credit card. After all, it all has to do with your payment history.

This can happen because the company has access to your purchase history. That way, if there is any outstanding debt, who guarantees that you won't also do the same with the company you are applying for credit?

What happens is that if you fail to pay a debt, it will probably end up in Credit Protection Bodies like Serasa or SPC. That way, causing your credit score to plummet and you to be frowned upon by financial institutions.

In times of desperation, we want to do everything to increase that score and get the long-awaited credit, but sometimes there is no result. If you don't see changes in your credit score, it could be that you're making some futile efforts. So today we're going to show you the 4 lies they tell you about how to increase your credit score.

So, if your score is stopped and you don't know what else to do to increase your score, stay with us. Well, in addition to knowing what you're doing wrong, today you'll find out about the best tips on how to increase your score efficiently and without complications.

Credit Score is that score that defines your history as good or bad paying your debts. Also known as Serasa Score, this is the main tool used by banks and financial institutions to assess the risk of lending to a given customer.

When you delay a payment for a long time, wait for the debt to expire or have a dirty name with the SPC or Serasa, your credit score decreases. Therefore, it may happen that when applying for a loan, credit card, financing, payroll, microcredit or any banking product, your request is not accepted.

Your score can both harm you when your credit application is not approved, and help you by increasingly increasing the credit limit that the bank will grant you. So, be sure to pay your debts on time.

The credit score ranges between 0 and 1,000 points, and the higher it is, the better you will be seen by the market as a good payer and more likely to honor your financial commitments.

Checking your credit score is the first step to start changing your financial situation. Well, knowing your score you can start your efforts to get out of the red.

If you are between 0 and 399 points, it means that you run the risk of being in default. Those between 400 and 599 points have medium risk. However, if your score is between these ranges, you will hardly have credit approved.

Now the points considered good are: those who are between 600 and 799 points represent on average 7 out of 10 Brazilians who pay their bills on time. That way, it may be easier to get credit.

As for those between 800 and 1,000 points, they represent 9 out of 10 people who pay their bills on time. Therefore, those in this range are seen as having a low risk of default.

And to check your credit score, you'll need to follow a few steps, remembering that you don't pay anything for the consultation, so be aware of your score and try to keep it as high as possible. 

1. Access the Serasa Score website

2. Click on the “check my free score” button

3. Enter your e-mail and password registered on the Serasa Consumer website. But, if you do not have a registration, click on “register” and register.

4. After login you will be directed to your score. It is also possible to see your situation at the Federal Revenue Service and consult the CPF.

Below we show how the credit score works in practice, so that there are no complications or lack of understanding when consulting.

When applying for a loan at a bank, let's assume that you get a fee of 6% per month. However, a friend of yours, who by the way has a financial life very similar to yours, gets the same loan, at the same institution as you, at a rate of 3% per month. Do you know why this happens?

First, this is due to the fact that your friend has a lower default risk than you. Therefore, when a company analyzes your credit score, it notices if you have debts, pending items, analyzes your debt settlement history in the last 6 months, queries made to your CPF and various important information.

Therefore, if there are irregularities, little financial movement, and debts accumulating, companies will probably not want to grant you more pleasant rates.

The credit score comprises a lot of information about your financial life, they are:

All this information generates a profile that corresponds to your consumption habits. This way, the company will know if it is safe to give you more credit or lower your interest rates when applying for a loan.

Many companies have access to your credit score, as it is from it that they will know whether or not you are able to make up-to-date payments.

So, the score works as a kind of guarantee for institutions to entitle you to credit with confidence that you will pay your financing, card bills, etc.

Some companies that can check your credit score are:

So before contacting a builder, banks or insurance companies, be aware of your score because if it is high you can possibly get good discounts and reduced rates. Therefore, paying bills on time and having an organized and peaceful financial life only brings good results in the future.

Some factors influence your credit score score. So stay tuned, because if you make these simple mistakes in your financial day to day, it's time to start stopping immediately.

As we never, under any circumstances, let you down. Here you will learn about all the main factors that positively and negatively influence your score. Check below:

1. Credit usage time

The longer and more positive your relationship with the financial market is, the more positive information institutions have about your financial profile when releasing new financing or increasing your card limit, for example.

2. Debts

Having a dirty name at Serasa or SPC contributes to losing points. Always try to negotiate any debt you have and start paying it off as soon as possible. Also take care not to delay installments.

3. many credit cards

This habit of requesting a card at every store you visit can be somewhat harmful when it comes to raising your credit score. This is due to the fact that every time a company consults your credit score, your score drops.

This is because if your data has been stolen and a malicious person is involved in multiple requests. With a low score, financial institutions deny card applications and thus fraud is avoided.

Here we will guide you on the main fake news related to the credit score. There are many efforts we can make to increase the score, but if it doesn't move, at least within 6/12 months, start questioning yourself.

These are the top 4 lies you are told about your credit score. Stay tuned and don't make these mistakes:

This is a frequent mistake. Usually many stores ask us if we want to put the CPF on the invoice, however, if your intention is to increase the score with this practice, we have discouraging news.

It's no use putting the CPF on the invoice in order to increase your score, because that's a myth. Putting or not your CPF in the note won't make any difference, so it doesn't affect your score score.

This is not true. Just because your score is low, it's not the end of your financial life, rest assured. Because many companies offer credit for negative with many facilities.

However, having a low score deprives you of many good opportunities to obtain credit, but that does not mean that it will be impossible to apply for a loan or make a credit card.It issaid.

Run from these scammers who promise an easy way out of everything. Know that no one can increase your score for you, this task is yours alone, coming from your good consumption habits.

Thus, advertisements that promise to increase your score immediately are certainly misleading. So beware of false promises from dishonest companies and people.

So that's one of the biggest lies you've ever been told. Because your salary absolutely does not affect your credit score. The score does not assess how much you earn, but your debt payments.

Therefore, if you have a high salary and do not pay your debts on time, without delays, your score will probably be very low. On the other hand, if your salary is not high, but you pay all your debts on time, cultivating good financial habits, it is likely that your score is high.

But the doubt that doesn't want to shut up: so, how to increase the score?

It is not an easy task, but it is very possible to be conquered with good consumption habits. Therefore, here are some quick and proven tips on how to increase your score efficiently. Let's go?

1. Have accounts in your name

For example, having bills in your name, and paying them all on time, is a good way to increase your credit score and generate transactions. Because Serasa will pay attention to your payment regularity, so they will notice that your financial health is growing and will start evaluating you positively in the score.

2. clear your name

Clearing your name is essential to get your financial life back on track. Because the faster you settle your debts, the faster these good habits will reflect positively on your Serasa Score.

3. Pay your bills on time

However, having the habit of paying bills on time and the total amount of the invoice is the best attitude you take for your financial life. This reflects a lot on your credit score, as Serasa notices that you are a conscious consumer and starts to grant you a higher score because it knows that in the future you will repeat these good habits when paying off a loan, for example.

4. Have bank transactions

Therefore, checking and savings accounts are the most common banking products, using these services will help you positively with your Serasa Score. For this, there are many digital banks, and online accounts with many benefits. So, start using these services, because in addition to making your day to day easier by reducing the use of money, you earn points on your credit score.