It is common that even with financial planning, sometimes the bills exceed the amount of money that comes in. This can happen due to several factors. So it is always good to keep a good financial history. Because when that happens, you may have where to turn for help. However, it also happens that you are unable to pay several bills and this accumulates in the history. So a lot of people end up with the low score. Thinking about it, in today's article we will show you how to get a personal loan online with a low score. Continue reading and find out!

In short, the score is literally a score. That is, a number stipulated by some credit companies that determines the chance of default. Incidentally, the score ranges from 0 to 1000 and defines whether the person offers low, medium or high risk. That way, those who have a high score have low chances of not paying. If you have a low score, you have a high chance of defaulting to the bank. 

In this sense, each financial institution has its own rule to determine each person's score. However, some institutions, such as Serasa, became famous for disclosing customer scores. In addition, many institutions currently end up using Serasa as a basis for carrying out credit analysis.

In this way, a low score is when a person already has a history of default. Or, if it's someone who has applied for many credit cards or loans, the score may also drop. Therefore, everyone with the famous “dirty name” will have a low score on Serasa. 

But it is important to remember that the score does not define whether the person is in default or not. Therefore, the score is yet another indication of how that customer behaves. That is, banks must analyze the whole context and not just the low or high score.

At first, there are many companies that offer personal loans online even with a low score. Therefore, there is no exact score to know whether or not you can take out a loan. As already mentioned, the score is just an indicator of behavior. So sometimes you get a loan from one bank and not another.

However, we will show you a basic table of when a score is considered good. Check it out:

That way, if you have a score above 700 points, it's pretty good. This is because the risk of default is very low. Therefore, it is easier to get new credit offers. Also, if you need to apply for a loan, interest rates can be much lower.

Follow the text and see how to get credit even with a low score.

In short, anyone can apply for a personal loan online with a low score. However, it is worth remembering that all institutions ask for at least one proof of income. Therefore, the value of the installment cannot exceed 30% of the income value. 

Even so, self-employed, unemployed and negative people can also apply for a personal loan online with a low score. 

Basically, the bank will always ask for an original document with a photo and proof of income. That's because he needs to confirm his identity. In addition to performing a detailed credit analysis based on your income. Therefore, see the complete list of documents that financial institutions usually request:

But, after all, how do I get the personal loan online with a low score? In summary, one of the main tips is to try your best to increase your score. In addition, if you are retired, pensioner or public servant, you can also try a payroll loan. This is because this modality has lower rates and even accepts negatives.

In addition, we will give you some tips to increase your score. Check out:

First, a tip is to be registered with companies that monitor credit. By the way, one of them is the Positive Register. In it you have your financial behavior recorded and show that you can pay your bills on time. 

Therefore, Cadastro Positivo pulls all your recent payments. For example, card bills and telephone bills. In that sense, you accumulate proof that you can pay your bills. 

Furthermore, the Positive Register is an initiative that collects data from authorized companies. In this way, the most well-known platforms, such as SPC and Serasa, use data from the Positive Register. By the way, if you want to register, don't worry. If you have a CPF, you are automatically registered in the Cadastro Positivo database. You can also request to be withdrawn at any time.

Second, a simple but fundamental measure is to keep your data up to date. That is, keep your information up to date with the institutions you have a bond with. Therefore, if you change your address or job, always notify the bank of this information.

Another tip that helps banks understand your history is to have accounts in your name. That way, institutions can see that you always pay bills on time and don't be late. So your score has a high chance of going up.

Finally, it is essential that you pay these bills on time. In that case, in addition to not being negative, paying your bills on time can greatly increase your score. As well as not paying can lower your score. Therefore, focus on always paying your bills on time to raise your score and get your loan.

So, now you know a little about how to get a personal loan online even with a low credit score. Therefore, in the recommended article below, we explain a little more about getting credit in 2022. Check it out!