Balancing your financial life and clearing your name is most people's dreams, and it's probably yours. But, in most cases, negative name becomes the anchor that prevents the boat from winning the world, isn't it? If you're going through this, then know that you have a solution.

Defaults in Brazil reached 40% in the latest survey released by the SPC. So if you're in that percentage, you've come to the right place. In this post, we separate the top 5 tips so that you can eliminate all debts and restore your financial health once and for all.

The first step is to find out if you are negative in the credit protection bodies (SPC and Serasa). For this, you need to carry out a query with your personal data in a company that has access to the database. The query can be made directly at the headquarters of the SPC, Serasa or at the trade association in your city.

Some places also charge a fee from R$ 20 for this consultation. But only with your data in hand, it will be possible to follow the plan to remove the CPF from credit protections.

So, some sites that allow consultation are:

A person has a dirty name from the moment he receives a letter warning of the action and does not settle the debt within 10 days. Thus, your name is entered into the database of defaulters. From then on, many consequences arise. These can get in the way of several factors.

From the moment you have the dirty name, one of the options below or all of them can happen.

Here, it is worth explaining that all the actions above happen because the score is low. This is therefore the score that shows the percentage of chance you have to pay your debts within 12 months.

The closer you are to 100, the more facilities you will have, because it is understood that you are more likely to pay on time.

This score is therefore the national basis for credit assessment. That's why it's important to keep it high. And to keep between 700 and 1000, it cannot be negative.

As shown above, the name of a good payer is the basis for many future financial actions. So, as clear as it seems, let's reinforce here some reasons for you to clear your name:

Not having anything that impedes your access to the above services would be excellent, wouldn't it? Therefore, it is important to ensure your name is clean. Then follow the tips to achieve this freedom.

It has never been so necessary to be financially disciplined as it is today. The consumerist society encourages purchases, even without thinking about whether they can afford to pay.

However, the first access to credits, installment plans and facilities encourages the habit of extrapolating, without thinking about tomorrow.

Therefore, the level of indebtedness and restricted names has increased by almost 3% per year and continues to rise. Therefore, it is important to learn how to clean your name, but it is also essential to learn how to keep it clean.

Once the debts are out of control, comes the despair of negative. At that time, what matters most is removing the name of the credit protection agencies and having access to financial services again. Remember that there is no magic formula. However, what exists are real tips that will lead you to the final goal in the short and medium term. 

So, check out the 5 tips that, in addition to helping you remove name restrictions, will help keep it clean!

So, the first step, before starting any procedures, is to fully understand your financial situation. Therefore, put on the tip of the pencil all the overdue bills, the fixed bills, your income, the emergency reserve and even the amount intended for fun. 

You will only be able to resolve a situation if you understand all aspects. Then, it lists all overdue bills, with interest and corrections. Then list your monthly income. Therefore, list your fixed and due accounts to understand how compromised your income is. Finally, detail your emergency reserve if you have one.

From that point on, with the knowledge of the entire financial situation, it is time to start taking action to solve the problem of default once and for all!

With the list of overdue bills in hand, it's time to negotiate the debts to finally clear the name. For this, there are some possibilities. You need to analyze your situation and then define the best trading strategy for you!

This process takes place in direct contact with the debtor company. It is then possible to request a renegotiation with debt installments, discount, new term.

Thus, it will be possible to resolve the situation with an easier and faster step. Therefore, after paying the first installment of the renegotiation, the company has up to 5 working days to request the removal of the restriction on its name.

This modality, created by the Central Bank in 2013, is therefore an excellent option. It is a way of exchanging an expensive debt with excessive interest for a cheaper debt that is easier to pay off.  

With portability, it is then possible to pay the debt of a bank that already has a lot of interest and impossible to pay off and transfer it to a new bank.

To do this, simply request a debt statement from the debtor institution with a discharge amount. The institution is required to provide within 1 business day. If you refuse, then you can register with the Central Bank ombudsman.

After that, just look for a new institution and apply for efficient credit to pay off the debt. Thus, the institution pays the amount and assumes the debt, having a lower interest rate and new payment facilities. The measure is an option that improves the payment conditions of a debt that restricts the name.

One option is to let the debt lapse. By law, the name can be blacklisted for up to 5 years from the account expiration date. So, if there is no payment, the amount is exempt from payment and the name is removed from credit protection.

The option is ideal for those who can wait or who are already close to having the debt in 5 years of delay. After that, the company can no longer legally collect the amounts owed. However, don't wait all that time if there are conditions to pay off.

One of the options when adjusting your financial situation and removing the name of the SPC or Serasa is to seek a loan. Of course, having the restricted name, the possibilities are from difficult to zero. However, there are negative credit modalities that can help you in this process.

Here, the idea is similar to debt portability, as the objective is to exchange a large debt for a cheaper one. A loan will have a longer term, lower interest rates and will also allow you to pay all overdue bills so that you can continue with current bills only.

But remember then that, to invest in this modality, it is necessary to observe some requirements.

Will you get enough money to pay off all your debts? If the answer is no, will you be able to pay the loan and other bills? It is necessary to analyze, so as not to increase debts and consequently default.

As the saying goes: "It's no use changing 6 for half a dozen". Calculate the interest rate on the loan and see if the final amount pays off, related to the amount owed. If it is equal or greater, it is interesting to avoid credit, since in the end you will pay the same amount. The idea is to seek to reduce the debt.

Also note the forms and deadlines that the bank provides for payment of loan installments. Go back through the list of your income and see if you will be able to afford the commitment. If the answer is no, avoid doing so as not to worsen your financial situation.

Analyzing these factors and realizing the viability, take credit and clear the name. But, if you realize that it will be a loss, it is better to wait a little longer and pay little by little, so as not to further compromise your income. Also, an important tip is not to do anything on impulse. Thinking and planning avoids countless unforeseen events and financial complications.

Here is one of the tips that, in addition to helping you achieve a clean name, will help you maintain financial health. Paying bills on time guarantees numerous benefits, but the main thing for those with restrictions are discounts on debt discharge. In addition, the benefits of cash payment are:

The last tip then, but perhaps the most important here: Start making an emergency reservation urgently. How many of the accounts that are negative in your name reached this point due to unforeseen circumstances? Be it unemployment, illness, salary reduction, more urgent needs and others?

Most people stop paying their bills for some unforeseen reason and not because they simply don't want to pay. Therefore, an emergency reserve serves to guarantee the months when the “belt tightens”. 

Make an average calculation of how much you need to spend per month to pay your debts, then plan how long you intend to reach this amount as a reserve and start saving the amount established as a goal.

In addition to ensuring that your finances will not be deregulated, it is possible to improve your income. That's because, it is possible to book in savings, which will make your money yield. 

Did you think it was over? Because we have a bonus to tell you about two options that will be allies when renegotiating your overdue debts. Check below for both.

Serasa Limpa Nome is a program that helps you negotiate your debts with more than 100 institutions with discounts and facilities. With this site you pay debts in turbo mode and your score skyrockets. In addition, only Serasa Limpa Nome provides exclusive offers with up to 90% off.

On the platform, it is possible to carry out agreements and monitor them, issuing duplicate slips on a monthly basis. Users have tested and approved it for being reliable, safe and easy. It is an effective option for those who need help.

Negotiating Debts Online is very similar to the site mentioned above, but it is linked to the SPC, while the above is linked to Serasa. To use and negotiate negative debts, just follow the steps:

Easy, fast and efficient, the site is an initiative that will therefore facilitate the regularization of your finances and the process of clearing your name.

How many valuable tips to clear your name and keep your finances up to date, right? So, below, find out about the Itaú loan without consultation with the SPC or SERASA, an excellent alternative for those looking to clear their name.