High Score Manual: A Guide to Your Financial Success!

In addition to facilitating credit approval, it is an indication that you have control over your finances.

High Score Handbook

You really should know what a credit score is.

Any human being on the face of this earth should understand about the score.

Jokes aside, but the score is very important for your financing, loans and purchases on credit. 

 But do you really understand how the score works? I know you've heard of it.

Have you ever needed to delve deeper into your credit score like you do now?

 Here, you will find all the answers to your questions and crucial score information.

The consumption score and the High Score Manual

How many times have you found yourself analyzing your consumption habits?

I bet that at some point in your life, you stopped to reflect on your expenses.

At times, you had tastes that led you to a certain type of consumption.

These variations occur due to our external influences. In fact, the score also uses this factor to form its requirements for the consumer to have a good score.

In a way, Brazilians are becoming more aware of their financial education.

Yay, you can celebrate now!

But how can I increase my score and purchasing power?

Firstly, the foreign language can clarify the essence of this thing.

The word score means point or score, but in a more contextual way of the word, it is the total number of points earned by the participant or user.

In this case, the context of the credit score is to display the consumer's potential.

Based on these points, financial institutions carry out their analyses to decide whether your credit is approved, or not.

The score is a tool that serves as a thermometer

To define yourself as a consumer, your behavior over the years, income, marital status and age are analyzed.

Everyone already knows Serasa Experian. In fact, I bet your name must be there. (lol) But that's okay!

Your thermometer may still go up there. You may not even need it.

Your bank score

Bank score? I'm sure you've never heard of that. At most, if you pay off your debt, your credit score will be back.

The internal score that the banks Itaú, Bradesco, Banco do Brasil and Box are based on, it also counts a lot when it comes to getting the much desired credit.

You will never have to struggle in emergencies again.

Even if your Serasa is not in the green, the relationship with the bank is very important. This may be why your loan is not being approved.

I'll tell you one of the banks' secrets. The best negotiators on the market are Itaú and Santander. What if you change your tactics?

BRADESCO has its score in letters AAA, AA, A, B and C. If you meet the criteria for these letters, you have a chance.

How to increase your score in banks?

Finally, it is now possible to know how banks measure your score. I believe you are really curious to know what is causing your score to drop or your credit to be rejected.

Although each institution has its own rules, there is one big fact about it.

You have to be a good payer… big news. But it’s the truth! How can you expect to have credit without paying properly? That’s the simple truth.

The SPC and Serasa are tools that they use, but the one who checkmates them is the bank. Even more so if your score is low in both. Do you want to get that credit approval?

Credit approval

You see, it's so gratifying to know that you like my secrets. So, I'll tell you one more. The more products you have with the bank, the more chances you have of getting a loan.

After all, you keep the bank afloat by using its services.

Therefore, set up automatic debit for your bills, pay for private pensions, life insurance, capitalization bonds, investments… in short, an infinite number of services are available.

What is your debt capacity?

According to your income and information from BACEN, all your debts everywhere are accounted for. That is, your debt history and bank history are analyzed according to credit profiles.

Positive Registration

Those who are already registered with banks do not need to worry about this. But you will need to be in good standing with the bank. Who wants to lend money to someone who never wants to pay it back?

Your registration must always be positive. But here we are talking about Serasa Positive Registration. Many consumers claim that this increases their score.

However, it really serves to let companies know all the movements of your CPF.

Paying your bills on time and paying your card bill in full allows banks to analyze your financial transactions.

The secret is to keep your transactions active in the bank. In fact, your data must always be kept up to date.

Paying bills on time helps

I will repeat once again. This is the main criterion for maintaining your good image.

If you want a high score, avoid delaying your bills. Punctuality is a habit that earns you points and will increase your score.

You have to build trust with your creditor. To do this, you need to assume your responsibilities.

Now that we know what a credit score is, what is an efficient strategy to increase your score?

Does CPF on the invoice increase the score?

Have you ever been to a supermarket or store and the attendant asked if you wanted to put your CPF on the receipt? 

If you happen to decline, know that you are missing out on the opportunity to earn extra money and also participate in raffles. 

However, if you’ve always declined and are worried that this has lowered your score, don’t worry. 

Not including your CPF on the invoice does not reduce your score, just as including your CPF does not increase it either. 

According to Serasa, this action does not influence anything, either positively or negatively, your credit score. 

It is very common to hear this statement: that the CPF on the note increases score, in fact, many people really believe in this possibility.

However, this is just a myth!

Serasa uses some information to increase this score, but the information from the CPF on the Invoice is not included in the calculations. 

What is considered a high score?

The score is divided into up to 4 categories, with the score ranging from 0 to 1000 points, and from 501 points it is considered a positive or high score.

This score, in turn, indicates the consumer's chances of paying their bills on time. See the table below for find out what is considered a high score. 

The higher your credit score, the greater your chances of being seen as a good payer. 

Consequently, when you apply for a credit service, your chances of receiving approval will also be greater. 

Just as your score decreases with certain actions, it can also increase, but don't worry! In our high score manual, you will find some tips to increase this score.

Don't stop reading here!

How to get a high score?

A high score is your passport to access financial products, not only that, but it helps you have better payment conditions and lower interest rates! 

At this point in the game, anyone who has ever needed a loan, financing or applied for a simple credit card knows how important the credit score is. 

Although it is not the only tool considered in credit analysis, it can be decisive. 

So, when in doubt, keep yours high! You must have guessed what lowers your credit score: not paying bills or simply not paying them and becoming delinquent.

However, do you know what can increase it? 

Obviously, paying bills on time and not ending up on the defaulters' register. However, this is the minimum that is expected of a consumer. 

Therefore, there are other actions that can help you to take a boost your score. See below!

1. First Step of the High Score Manual: Clear Your Name

This is the first step, before any action to increase your score, clear your name if it is dirty. 

Currently, in the Serasa Name Cleanup Fair It is possible to negotiate a debt with up to 90% discount. In addition, you can pay in up to 12 installments. 

2. Use your credit card

Clear name, okay? Then let's move on to the next tip! 

Your credit card can be a perfect ally on this journey! Use it to pay your bills, but don't delay payments, especially on your invoice. 

Also, avoid paying in installments to risk paying interest and increasing your debt. 

Credit card information is part of the Positive Registration. He, in turn, has great influence on scoreboard. 

To find out more details, read the text 👉 Serasa Score: Does the Positive Registration help? 

If you don't have a credit card, you can use a prepaid card, as it is processed in the credit function, this can help you too. 

There are many digital accounts with prepaid cards on the market, for example:

• PagSeguro;
• Banqi;
• Ourocard;
• Superdigital.

3. Apply for credit with caution

Did you know that when you apply for credit several times with different companies, your score decreases? 

That's right! The Serasa or SPC Brasil system identifies the many inquiries made by credit companies in your name as a frantic search for credit. 

In fact, it might be, especially if you're in trouble and need credit.

However, it is important to remain calm and ask for credit conscientiously. 

When you apply for credit, your credit score fluctuates, but it is quickly restored.

However, make few credit requests and with a term of at least 3 months, this way, the negative impact on your score will be smaller.

4. Last Step of the High Score Manual: Keep your Positive Registration active

The Positive Registry has a large weight in the calculation of the score. It is like your financial resume and shows your behavior and relationship with companies in the last 12 months. 

Therefore, the payment information contained therein is very useful and important for those who want to increase or maintain a high score. 

In addition to keeping it up to date, take care of your reputation by paying your bills on time, for example. 

Are you taking note of our tips? Great! However, there is still more information in our high score manual that will help you in granting credit. Keep reading!

What is the scoring table in the High Score Manual?

When checking your credit score on the Serasa website, you will find a thermometer with 4 bands, one of each color. 

They indicate different risk ranges, see another score table below, a little different from the previous one, but with the same purpose: to simplify your understanding. 

Red	Low score	High credit risk – 0 to 300 points
Yellow	Regular score	Average credit risk – 301 to 500 points
Light green	Good score	Low credit risk – 501 to 700
Dark green	Excellent score	Very low credit risk – 701 to 1000

Table based on information from Serasa 

Why is my score high but I can't get credit?

The score has a great influence when applying for credit, although it is decisive, it is not the only factor considered in a credit analysis. 

Each institution has its own internal evaluation methods and rules, so it is difficult to give a conclusive opinion.

One alternative is to contact the company and try to find out why the credit was denied, however, they are not obliged to provide this information. 

Of course, you don’t need to be discouraged! Keep paying your bills on time and building good relationships in the financial market. 

Please wait a minimum of 3 months and apply for credit again!

You should use our score manual high not only to get approved for loans, financing and credit cards, but also to organize your finances. 

This is because a good credit score shows that you have control over your money and consequently financial success. 

This way, it becomes more difficult to be rejected in credit analyses.

Do you want to win the game? 

We have already won by helping you know what a credit score is and how to increase it with our high score manual. Now, are you really ready to achieve consistency in planning to take advantage of everything the market has to offer?

Your attitude certainly counts a lot to have positivity in the market. Especially if I help you do everything right to fulfill your obligations. Did you enjoy learning about this subject? Take the opportunity to read too 👉 Credit card approved with low score, which one to apply for?