Having a good relationship with financial institutions results in some benefits in credit lines for the consumer. Who does not want to have “credit in the square”? Changing in kids means separating the good from the bad payers!
The main way to do this is through the Credit Score. This analysis allows better “filtering” of the customers for whom the credit companies will provide their services. At bottom, what is at stake is the probability of default that is always bad for both parties and harms the economy as a whole.
Follow here to know how to have a good score! It’s not that hard…
The credit score is simply a “score” assigned to the consumer by financial institutions. Before being benefited with a financing, credit card or any other form of loan, the banks, stores and financiers do a check of the client’s risk profile. It looks, for example, if he has or already had his name listed, if he pays the bills on time, if he borrows frequently, etc.
In short, this score indicates the level of confidence that this consumer conveys about the ability to pay your debts on time. The higher the score, this means that he honors with his commitments and has good financial health.
The score can be seen by the consumer in the act of some financing or opening of store credit. It is also possible to consult the score for free on the SERASA website, with a very simple and quick registration. The score ranges from 0 to 1,000, and the greater, the easier it will be to obtain credit lines in financial institutions.
Even people who have never been “negatived” can have a low score by constantly delaying their bills. And that makes all the difference when it comes to making some longer-term financing for the purchase, for example, of automobiles or real estate. The logic is quite simple: the lower your score, the greater the chance of getting a loan with lower interest rates.
Keeping a good credit score does not only depend on how much you buy, but especially if you pay, or rather, how you pay your bills …
Although many financial companies take more into account the history of the negative, the credit score is still considered the best analysis tool to grant greater credits to the consumer.
Note that the consumer can also proactively reverse the situation and increase the score of his score. Here are some tips.
Ah! And do not forget to do your positive registration! You must authorize the tracking of your data …
We have seen, therefore, that maintaining a good credit score does not only depend on how much you buy, but above all if you pay, or rather, how you pay your bills … Always make “safe purchases”, that is, those that you know you can pay without compromising most of your monthly budget.
By following our tips, you will notice through online consultations that your average will stay above the standard for your age group. And best of all: you’ll have access to larger credit limits and lower interest rate loans!