The financial system such as banks, financial institutions, credit companies, business owners and other institutions focused on the availability of financial resources for individuals will all want to know if your name is in good standing for the release of credit.
These companies tend to work the same way and search debtor databases if their name is on one of these lists. Date on their monthly income, unpaid debts, finally, they seek to guard against a bad deal if the person interested in a loan shows a portion of the risk to the loan lender and make a true analysis of their credit in the square. .
How do I know if my credit is good or bad if I need a loan?
It is good to be aware of how your situation is facing the credit market offered in the country. In this case, the first step is to access the internet and search for your name in the databases , the initiative in conjunction with the credit company. Experian This internet consultation may have to be paid.
When you verify that your name is OK and there is no outstanding debt, do a search for your credit score. There is a scoring scale ranging from zero to one thousand and is increasingly used by banks and lenders for lending. The score is divided into zones, with the colors red, yellow and green. If your score is in the red zone, it means that you are unlikely to get credit in the square.
What do banks and lenders need as collateral for lending?
Many people have never had the opportunity or need to make a loan or borrow in a store. These are people who either do not need or know that there is a possibility of credit in their favor. Banks and financial institutions have a list of good payers, and as a form of business, these companies and banks may come up with an ad or offer, this potential customer.
These lending institutions seek to do business as this is how they generate revenue and can lend money to more clients. The only thing that these companies seek as collateral is a good credit history in the square, evaluating this customer’s CPF (Individual Taxpayer ID). Any positive move in the CPF tends to move the person’s score. The green zone of the score means a good customer to the business with.
It is important that there is this credit assessment in the square, considering that the release of credits must be made to responsible persons and if you get one, it is a sign that you are a responsible person. But this is also important in advising whether the company offering you credit is responsible, because if it releases you credit without evaluating your name, be suspicious.
Avoid falling for scams and keep your credit on the always positive square, as in the company that offers credit will release credits without consulting the restraint bodies. Find out if this company is registered with the ban, because it is he who takes care of the registration of these companies.