Score is a credit score that companies use to evaluate their registration. Understand how your score is calculated and how it can influence your credit score.

How many times have you had credit declined at the time of making a purchase or a financial loan because your score on Score is low? The companies that provide the credit use this service to track their financial history, so they decide whether or not to release the requested credit.

Know that being with the clean name does not always mean that your credit will be released, because there are several information that the institutions evaluate. Know your score and understand how it is calculated Score, so you do not pass more suffocation at the time of your purchases!

Learn how your Score is calculated on Score

 

Learn how your Score is calculated on Score

 

This point count is done by converting information into numbers that, combined, form a score that becomes a measure of quality. The process has statistical meters that qualify the suitor in good or bad.

The decision to accept or reject the claim is made by comparing the likelihood of the individual honoring the commitment.

 

Factors that can influence your score on the Score

Factors that can influence your score on the Score

 

Through financial history and statistical techniques, the credit program identifies factors that can influence the counting of points and the quality of the credit to be hired. The objective is to estimate the likelihood of the customer becoming defaulted or not.

The financial institution makes a weighting of all the factors generating a number that can vary from 0 to 1000 points, and depending on the average obtained will decide whether or not to release the requested credit.

Each information has a weight, some of which can influence more and others less. Now, check out what information the lenders use to calculate the points.

1. Personal information

Personal data is legally offered by the customer at the time of their credit requests, as identification data.

Individual Taxpayer Identification Number (CPF): The document is requested to verify if there are records of default on your behalf. If you have any debt or oversight in your CPF, your average score may decrease.

Address: Due to the profile of the region where you live, such as the job market or default rate in the region, your points count may decrease because these factors are also taken into account.

Age: Statistically, older consumers are less likely to default on their debts than younger ones, so the younger ones may be considered propitious not to pay off their debts.

2. Financial History

In addition to your personal data, having a good financial record can help a lot when it comes to obtaining credit. Stay tuned to these factors, they may be lowering your score!

Accumulation of debts: spending without planning can result in accumulation of debt over a lifetime. At the time of calculating the credit score, existing debts will be considered. Financing, loans, and credit card accounts will be used to measure this point count.

Constant credit search: When the consumer has many credit inquiries, they are logged generating a history of the last 90 days. When you ask a lot of queries trying to get credit, it could mean that you are “throwing all over” , and so your points may fall.

History of late payments and installments: Paying your bills late can be a sign that your financial life is not going well, and this can be a hindrance in obtaining credit. Trade old debts before making new ones and do not make larger debts than you can afford.

Negative credit protection services: those who have or already had the dirty name will find it more difficult to obtain credit in the market, since a debt contracted in the past can be in their history and compromise their score points.

How to increase your Score on Score

 

How to increase your Score on Score

With Low Interest tips, you can get started today by leveraging your scorecard!

Clear the CPF query history

Ideally, do not keep trying to get credit all the time as this can lead to a decline in your points. Ask to clear your CPF’s history of inquiries at the SPC or SERASA service points.

Clean your name

Constantly monitor your name (CPF) and keep it clean, because with the dirty name, you will hardly be able to get your registration approved.

Never delay payment of bills and invoices

Keep your accounts up to date, because late payment can be a sign of bad debt.

Keep cadastral data such as address and CPF updated at Serasa

The more exact your information, the more reliable your registration.

Open your positive good payer account

We recommend a positive list for consumers who always pay their bills on time, such as water, electricity, gas, etc. Otherwise, the registration may be negative.

Attention!

 

There is a minimum score that the client needs to have to pass. The more recent negative information, the lower the progress achieved. So keep your financial history up to date and increase your score on Score!

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