Many Brazilians end up contracting debts on their credit cards that, over time, become impossible to pay. To reverse this situation, many choose to make an agreement with their credit card.

By doing so, the bank or financial institution is able to offer some advantages for the person to be able to pay off the debt. Interest discounts and a friendlier term are some of the positive points you can get when making a deal.

However, it is important to be careful with this type of operation and try your best to make payments within the specified deadlines. In the following article, you will learn how a credit card settlement is done and whether you risk losing your card by doing so.

The simple act of making a credit card debt settlement agreement does not cause you to lose the card entirely. By following the agreement and making payments within the requested deadlines, you will be able to use your credit card normally.

But if you fail to comply with the requirements of the agreement, such as not making the payment, you run the risk of losing your card. Along with it, you also lose the advantages you managed to get by making the deal.

In addition, this indebtedness can cause your name to be included in the default register and get dirty in the square. And with a dirty name, your finances suffer.

In this scenario, it becomes more difficult for you to have access to financial products. Items such as access to credit, taking out a credit card or issuing a card at another bank can be more complicated to obtain.

Because of this, it is essential to try to comply with the stipulated deadlines and values in order not to suffer from the disadvantages.

To make a deal, you can contact the financial institution's call center or directly with the bank to find out about the available ways to settle the debt.

By doing so, they will present you proposals with the monthly amount to be paid, the interest applied and the deadline for payment. Here, it is important that you analyze it well and see if the proposal fits in your budget so that you can pay comfortably.

Another way to carry out the credit card agreement can be done on the Serasa Limpa Nome website. On the portal, you can consult the active debts of your CPF and check the offers available for negotiation.

That way, you can view the initial amount of the debt, the interest applied, the discounts you can have, among other information about it. Thus, you will be able to make a more peaceful choice about how you can pay off the debt.

After checking the information, you can choose the best offer for you. Here, it is possible to define whether it will be in cash or in installments, the number of installments and the best due date.

Once this is done, you can close the deal through the portal and generate the slips to make the full payment of the debt. If you chose to pay in installments, you will need to generate a payment slip every month until you pay off the debt. 

When you are going to make a credit card deal, it is interesting to analyze your financial situation very well before starting the contact. Thus, you can set a budget, with the monthly amount you can afford to pay off the debt.

In addition, when contacting the bank or financial institution, it is essential to know how to negotiate the debt. By knowing the monthly amount you can afford, it will be easier to communicate this to the bank and reach an agreement that fits in your pocket.

And if the interest applied by the credit card at the time of the agreement is too high, it is worth researching alternatives. There are other options on the market that make debt cheaper and allow you to pay it off.

In addition, it is important to read the contract and verify that it only contains what was previously discussed and agreed.

Not paying the debt or simply delaying its payment can lead to a breach of contract with the credit card. In this scenario, your debt remains outstanding, and you are still at risk of:

Generally, this breach of contract occurs when it is no longer possible to pay the amount of the installments. Here, cases are common in which the person discovers that the debt is no longer linked to his name. This makes her not finalize the payment.

Either way, a breach of contract can lead to a lot of financial problems for you. With your dirty name, you lose the opportunity to take out loans, have credit cards from other institutions or banks or have a higher limit.

Because of this, it is always recommended to keep the agreement and try to pay off the debt. One practice that can help you with this is to pay off one debt at a time, not all of them at once.

To help you with this choice, check out the following unmissable tips on how to choose the first debt to be negotiated. Check out!