Have you ever wondered if it is possible to apply for financing for negative credit? Even if in 2020 there was a drop in defaults, the number is still over 60 million and these people would certainly like to continue their financial activities.

Even though they are negative, some people then need to apply for funding. Either because of the need to get around or because of a good opportunity to acquire a property. And that's where they face the difficulty of having their name on credit protection.

But, is there any kind of financing for negatives? Even with different conditions? To solve this doubt, we prepared this post, where we will show if it exists, companies that do it and how it works.

Before talking about the negative option, it is necessary to keep in mind what financing is. It is a negotiation between financer and financed that aims to provide a sum of money for an investment.

That is, financial institutions provide credit for the acquisition of a good. Be it home, car, land, truck, company and so many other options.

The finance company proposes the interest rate and the number of installments for the payment of the total amount.

In addition, the investment that will be made is previously agreed. Unlike a loan, financing does not provide the money to be used in any way the borrower wants. Money is sent directly to the seller of the requested good.

Therefore, the good is bought and paid for at the spot value. However, the loan is charged in monthly installments with interest, which will depend on each lender.

So, funding for people with negative names is no different. It is possible to request via the company that is selling the desired good and wait for the credit analysis with approval. Those who are negative can apply for funding from:

Well, the financing format is the same in cases of clean name or dirty name. So, what differs the two is the credit analysis and its final result.

Therefore, the financed person goes to the company selling the good he wants, armed with his personal documents and proof of income, and requests an analysis.

The site sends the form to partner credit companies. Then, an assessment is made of the possibility of granting funding to those who request it.

For example, the negative wants to finance a car. So, he goes to a dealership, delivers the documentation, the seller sends it to the partner bank and waits for a positive or negative response.

It is worth remembering that this process does not depend on the seller, since he certainly wants to sell. However, each banking institution has its own analysis criteria and needs to minimize the risk of default.

But whether funding is the same for dirty name or not, what makes the two different? The answer is: Approval or not after credit analysis. Precisely because of the amount of defaults, credit institutions have been somewhat strict when it comes to approving a request.

Some factors should then be considered at the time of credit analysis. As:

Each institution has rules and requirements when analyzing. In some cases, even with a clean name, the contract is not approved.

Now that you know that it is possible to apply for financing even if you have a dirty name, let's list some situations in which it is possible to apply and how each one works.

And an important tip is: Keep in mind the banks you are going to apply to, after all, many inquiries to your CPF can lower your score even further and make the path a little longer.

Therefore, analyze the possible reasons for the disapproval on your behalf and try to improve your factors so that a next opportunity favors your approval.

In general the real estate financing It works as follows: The applicant finds a property he likes, whether for residential or commercial purposes, provides his documentation to the broker or real estate agent for analysis.

The company in turn sends the data to the partner bank and the credit analysis begins. Interest rates, number of installments and financed amount depend on the CPF situation and the criteria of each bank.

The approved amount depends a lot on the borrower's income, but in general, up to 90% of the amount is approved, and the applicant is responsible for paying the other 10% in the form of a down payment.

In general, this type of financing can be paid in installments over 20 years. Since the company needs to compensate for the time it will be without borrowed capital, it will apply an interest rate to the amount, taking into account the total amount, the months to be paid and the risks of not receiving it correctly.

Therefore, real estate financing is one of those with the highest interest rate because it is of greater value.

Car financing, whether for a walk or work, also happens with the possibility for negatives. Because it generally has a lower value than a property, approval happens more easily.

This model then can happen for new or used cars. Since, in the second option, it depends on the criteria of the financer to define how old the car can be, mileage and others.

It is possible to apply for this financing with a dirty name. However, the bank will also carry out an analysis before establishing the contract.

To apply, just go to a dealership, find the desired vehicle and request the documentation to be sent to the bank for analysis.

Entering a college and having a profession is the dream of many people, but some come up against the financial difficulty to fulfill this dream.

At this time, student financing is an excellent option, as it finances the applicant's graduation. In some cases, a guarantor is required. He needs to be able to pay the debt if the student does not settle the debts.

Those who work in agriculture know that at the start of each harvest there are large investments for planting. Thus, rural producers rely on banks or even the government to finance the start of planting or business expansion.

In the same format as other financing, the farmer pays monthly with an interest rate previously agreed by contract. Approval also depends on credit analysis.

There are numerous new and old companies on the market that provide financing, whether for those with a clean name, or for those who are negative with credit protections.

So one of the best places to look is in the Serasa eCred. The site then brings together the largest and best banks and finance companies in Brazil to facilitate the search process.

Therefore, some partner companies that provide these credit services are:

All of these are Serasa eCred partners, who carry out online analysis and offer different values, rates, installments and conditions, each according to their own criteria.

To have more information and apply for credit with any of the companies above, just access the website and do a simulation, after that, the selected company will carry out its credit analysis to approve or not the amount.

Even with restrictions on your CPF, it's not time to make things worse, on the contrary, it's time to keep your foot on the brake and try to recover the situation.

Therefore, it is necessary to take some precautions before applying for a negative financing.

Some people then think that because it's already negative, they can go out doing math without weighing the consequences, but that's not quite how things work.

In that case, accumulating debts can cause you serious financial problems, stress and even the seizure of the purchased good. Therefore, assess whether you will be able to comply with the contract.

If you already have large debts, this is not the time to take on another one. At this point, it is best to make a conscious analysis of the impacts and effects.

With a negative name, it is not news that the conditions are more demanding than for someone with a clean name in a financing process.

So, analyzing the options and putting the lowest interest rate at the tip of the pen is important and guarantees financial health in the medium and long term. That's because it's much better to choose the lowest rates.

Compare options, add up the total amount and see which one pays off the most before signing a financing agreement.

Do not be hasty when applying for financing. Then ask yourself if it really is time to buy.

Evaluate if acquiring this good at this moment is really ideal, since you should apply for a credit for clear the name. Then, with a thorough assessment of your conditions and priorities, decide yes or no.

It's not because a company accepts to be your financier being negative that you should "embrace" without at least doing an analysis of it. As demand increases, so do the loan scams and financing.

So, before signing the contract, look for the company's reputation and always choose those that are linked to serious companies with long-standing experience in the market.

Well, now you know exactly what financing is, how it works and, above all, what it is possible to apply for if you are negative with credit protection.

However, remember to be careful when applying and do not accumulate debts, research well about the company you are going to apply for, see your budget if you can cover the installments and above all, have an emergency reserve in case there are problems over the years. awake months.

Anyway, analyzing the lowest interest rates is also an important option to not make a mistake and get good financing. And if funding is not approved, you can try a loan for negatives and thus fulfill the final desired objective.