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Is the Positive Registry harmful to consumers who do not pay their bills on time? What data is stored? Get your questions answered quickly in this reading!
From now on, the Positive Registry allows financial institutions and retailers to verify consumer payments before releasing installment sales.
In other words, the system also helps to organize the consumer's financial life, as the customer can see their entire payment history.
But is the Positive Registry still harmful?
First of all, according to the SPC Brasil website, Even if the consumer does not pay on time, or has restrictions on their name, they will not be harmed.
Therefore, the Positive Registry is not harmful, on the contrary, because what will be taken into account are all payments that the customer has made in the last 12 months.
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Therefore, there are no disadvantages, since the information contained in the system is about the debts that you have already paid, or those that are currently being paid.
What data is stored?
In advance, the tool stores the following consumer data, take a look:
- value of payments;
- payment date;
- total value of installments;
- total purchase value;
- consumer registration data.
At the same time, in the customer's history, the Positive Registry collects the following payment data:
- card administrators and financial institutions;
- school fees;
- internet and pay TV;
- medical and dental care;
- water, electricity, telephone or gas bills;
- purchases made on credit;
- financing.
How does the Positive Registry work?
Primarily, information reaches the database through banks, companies and financial institutions with which the customer has a relationship.
In this way, it is this data that makes up the customer's payment history.
However, the procedure is gradual. In other words, it is carried out little by little, as the consumer makes payments.
What cannot be included in the Positive Registry? Is the Positive Registry harmful if I provide my data?
In fact, many consumers have many questions about this subject, especially when it comes to what data can be disclosed and what should be kept confidential.
In that regard, in the Positive Registry there cannot be any information unrelated to the credit analysis. Let's say, for example, that you made a purchase of clothes in installments on your card.
The clothing item, as well as colors, brands and other descriptive factors cannot be mentioned. In addition, purchases made through loans, credit and financing.
In other words, lending institutions cannot inform which services and products were purchased by customers.
How to consult?
It is very simple to check your installment purchase information. Just register on the website. Then, log in to the system with your username and password.
Therefore, only the consumer and the company can have access to this information. All if you allow it!
In conclusion, The Positive Registry is not harmful, but rather an ally in obtaining fairer credit lines!
