{"id":18721,"date":"2021-03-15T12:51:13","date_gmt":"2021-03-15T12:51:13","guid":{"rendered":"https:\/\/senhorpanda.com\/?p=18721"},"modified":"2021-03-15T12:51:17","modified_gmt":"2021-03-15T12:51:17","slug":"4-mentiras-que-te-contam-sobre-o-score-de-credito","status":"publish","type":"post","link":"https:\/\/senhorpanda.com\/en\/4-mentiras-que-te-contam-sobre-o-score-de-credito\/","title":{"rendered":"4 lies you are told about your credit score"},"content":{"rendered":"
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Demystify the credit score<\/strong><\/h2>\n<\/div>
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\"Desmistifique
Demystify the credit score (Image: Portal Cont\u00e1beis)<\/figcaption><\/figure>\n<\/div>
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The credit score is the reason why you are rejected when applying for a loan or credit card. After all, it all has to do with your payment history.<\/p>\n<\/div>

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This can happen because the company has access to your purchase history. That way, if there is any outstanding debt, who guarantees that you won't also do the same with the company you are applying for credit?<\/p>\n<\/div>

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What happens is that if you fail to pay a debt, it will probably end up in Credit Protection Bodies like Serasa or SPC. That way, causing your credit score to plummet and you to be frowned upon by financial institutions.<\/p>\n<\/div>

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In times of desperation, we want to do everything to increase that score and get the long-awaited credit, but sometimes there is no result. If you don't see changes in your credit score, it could be that you're making some futile efforts. So today we're going to show you the 4 lies they tell you about how to increase your credit score.<\/p>\n<\/div>

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So, if your score is stopped and you don't know what else to do to increase your score, stay with us. Well, in addition to knowing what you're doing wrong, today you'll find out about the best tips on how to increase your score efficiently and without complications.<\/p>\n<\/div>

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What is credit score?<\/strong><\/h2>\n<\/div>
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\"O
What is credit score? (Image: Your digital credit)<\/figcaption><\/figure>\n<\/div>
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Credit Score is that score that defines your history as good or bad paying your debts. Also known as Serasa Score, this is the main tool used by banks and financial institutions to assess the risk of lending to a given customer.<\/p>\n<\/div>

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When you delay a payment for a long time, wait for the debt to expire or have a dirty name with the SPC or Serasa, your credit score decreases. Therefore, it may happen that when applying for a loan, credit card, financing, payroll, microcredit or any banking product, your request is not accepted.<\/p>\n<\/div>

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Your score can both harm you when your credit application is not approved, and help you by increasingly increasing the credit limit that the bank will grant you. So, be sure to pay your debts on time.<\/p>\n<\/div>

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The credit score ranges between 0 and 1,000 points, and the higher it is, the better you will be seen by the market as a good payer and more likely to honor your financial commitments.<\/p>\n<\/div>

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How to check your credit score?<\/strong><\/h2>\n<\/div>
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\"Como
How to check your credit score? (Image: Pemavel)<\/figcaption><\/figure>\n<\/div>
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Checking your credit score is the first step to start changing your financial situation. Well, knowing your score you can start your efforts to get out of the red.<\/p>\n<\/div>

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If you are between 0 and 399 points, it means that you run the risk of being in default. Those between 400 and 599 points have medium risk. However, if your score is between these ranges, you will hardly have credit approved.<\/p>\n<\/div>

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Now the points considered good are: those who are between 600 and 799 points represent on average 7 out of 10 Brazilians who pay their bills on time. That way, it may be easier to get credit.<\/p>\n<\/div>

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As for those between 800 and 1,000 points, they represent 9 out of 10 people who pay their bills on time. Therefore, those in this range are seen as having a low risk of default.<\/p>\n<\/div>

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And to check your credit score, you'll need to follow a few steps, remembering that you don't pay anything for the consultation, so be aware of your score and try to keep it as high as possible. <\/p>\n<\/div>

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1. Access the Serasa Score website<\/p>\n<\/div>

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2. Click on the \u201ccheck my free score\u201d button<\/p>\n<\/div>

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3. Enter your e-mail and password registered on the Serasa Consumer website. But, if you do not have a registration, click on \u201cregister\u201d and register.<\/p>\n<\/div>

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4. After login you will be directed to your score. It is also possible to see your situation at the Federal Revenue Service and consult the CPF.<\/p>\n<\/div>

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Below we show how the credit score works in practice, so that there are no complications or lack of understanding when consulting.<\/p>\n<\/div>

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How does the credit score work in practice?<\/strong><\/h2>\n<\/div>
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\"Como
How does the credit score work in practice? (Image: Prime Diary)<\/figcaption><\/figure>\n<\/div>
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When applying for a loan at a bank, let's assume that you get a fee of 6% per month. However, a friend of yours, who by the way has a financial life very similar to yours, gets the same loan, at the same institution as you, at a rate of 3% per month. Do you know why this happens?<\/p>\n<\/div>

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First, this is due to the fact that your friend has a lower default risk than you. Therefore, when a company analyzes your credit score, it notices if you have debts, pending items, analyzes your debt settlement history in the last 6 months, queries made to your CPF and various important information.<\/p>\n<\/div>

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Therefore, if there are irregularities, little financial movement, and debts accumulating, companies will probably not want to grant you more pleasant rates.<\/p>\n<\/div>

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The credit score comprises a lot of information about your financial life, they are:<\/p>\n<\/div>

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