Have you ever been curious to know how the bank approves the customer? How is credit analysis done or what are they based on? Well, these are the questions that Mr. Panda will answer for you in this article.

Firstly, it is essential for anyone to use this information to their advantage to greatly increase the chances of approval, whether for loans, cards or other services. 

Despite being a process that is not always exposed to customers, banks in general have the same criteria, such as relationship, financial history and much more.

Therefore, it is worth knowing all the aspects analyzed in order to use them to our advantage. In this way, it will be possible to minimize the chances of disapproval without justification. 

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So let's know how a bank approves the customer. We already inform you that it is a meticulous process and that it deals with important points that may prevent or encourage approval by the bank.

But the good news is that we can improve these points to increase our chances of approval. So let's get to know all the aspects of a credit analysis next.

The credit score is one of the first aspects that banks analyze from their applicants to start their credit analysis.

From now on, we must understand that the score says a lot about our financial profile for banks in general. Therefore, it indicates whether we are buyers who pay their bills on time.

Thus, it is essential to have a score of 600 to 700 points in order to apply for any credit service. Although not a great score, it should be enough to get approved by credit bureaus in general.

In other words, it is necessary to understand that it is essential before requesting any service, that some actions are taken to increase our score and be approved.

Anyway, let's follow this in the final topics. Now let's learn more about the relationship with the bank and how it applies to credit analysis.

Along with the credit score, the relationship we have with the bank is essential for approval during the credit analysis. 

Therefore, a good relationship with the bank can lead to easier approval for credit services. This, by the way, is one of the criteria that the bank uses to approve or reject a request.

Thus, if you have any financial debt with the bank, it is essential to negotiate and settle it, cultivating a transparent relationship on both sides.

Thus, a positive relationship history will be created that will facilitate future negotiations, requests and other financial procedures.

Another point is proof of income. Therefore, the bank can carry out a credit analysis to approve the client in several ways, one of which is proving the income that the client has, either monthly or annually. Income is a way of guaranteeing that the client has the capital to pay the amounts requested.

That is, let's assume that a customer requested a credit service that costs an average of R$2,500.00 per month. The client has to prove that the income he earns can cover the costs of the services.

Generally, when carrying out the credit analysis using proof of income, the bank has as a criterion that the customer cannot commit more than 30% of his income. Therefore, most of the time credit limits are not the same for everyone. That is, they vary according to proof of income and analysis made by the bank.

In addition, proving income is a way of showing the bank that you have the means to pay the requested credit.

In addition to proof of income, another way in which the bank approves the client is by evaluating the assets he owns. That is, the loan secured by assets, such as real estate or vehicles.

In other words, they are loans that use the values of the client's assets as a guarantee for the payment of the amounts requested. Thus, the guarantees that the bank has are almost 100% that the amounts will be paid.

Therefore, in case of default, the asset that was insured can be requested by the bank for an auction, thus recovering the amount invested. In this sense, the bank determines whether or not to approve the goods.

In this case, if a customer wishes to apply for a loan for a very high amount, which are generally secured loans, he must prove the value of the assets that will be placed as collateral.

So, if the assets cover the loan amount, the customer will definitely get approval from the bank in question.

But after all, if you don't have a good score, do you know how to reverse this situation? Yes, it is possible to increase your credit score with simple actions.

Therefore, making more card purchases is a great way to increase your credit score, as it shows credit institutions that we use our limits and can pay for expenses.

With this, we can increase our points by using our card more often. In addition, requesting an invoice for larger purchases is a great way to prove transactions.

Anyway, that's not all, remember to always make payments for purchases made on the card and not allow any delay. In other words, customers who make payments on the stipulated dates have a much higher credit score.

That is, delays in payments are some of the main factors responsible for lowering the score of people in general.

Finally, we can use tools like Serasa Turbo to increase the score quickly. Serasa Turbo is a tool that we use together with Serasa to quickly increase our credit points. Through it, it is possible to negotiate debts and when making payments on time, your score increases.

Anyway, use all the tips in the post on how the bank approves the customer and apply to the credit service you need. Also, learn more about Serasa Turbo in the recommended content below.