Credit Analysis can be clarified as follows:
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Would you lend money to someone you don't know?
Certainly, 90% of the answers are “No”.
So, let's rephrase the question a little:
Would you lend a considerable amount of money to someone you know who has a reputation for being a bad payer, without even considering what the chances are of them paying you back?
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With the credit analysis It basically happens like this.
If it wasn't clear and you still have doubts about the subject, continue reading this article and find out more!
What is Credit Analysis?
When we apply for a loan, credit card, financing or any other financial service, we did not receive an immediate response.
Therefore, before YES or NO, a type of financial screening is carried out.
At this stage, the company evaluates your data, your reputation in the financial market and your behavior as a consumer.
In this way, the credit analysis It can be quick, last a few hours, or days, depending on each bank.
The evaluation is thorough and several details are taken into consideration. Check out how this process works below.
What is v?erified?
Every consumer has a financial resume that is available at Serasa and Boa Vista SCPC.
So when the bank needs to make an inquiry, that's where it will go.
In this sense, the search is carried out using your CPF and everything contained in the profile is visible to the company.
See below what is checked:
1.Clean Name
Once you are in default on the SPC and Serasa registry, you may not even move on to the next level.
This is because nowadays it is difficult to get credit with a bad credit history.
In the meantime, we know that there are some exceptions, such as retirees and pensioners.
But if the person is not part of one of these groups, it is likely that credit analysis will be denied.
Therefore, understand that this is the first item evaluated by the company after the request. Let's move on to item 2?
2. Low Score
Bad credit history + credit request = Credit denied.
Clean name + Low credit score = Credit Denied.
Finding a company that releases credit in the second option is very difficult.
Of course, it would be necessary to simulate and research a lot.
Speaking of which, as already mentioned in another article: running simulations in succession in several companies is an action that increases the possibility of your Credit Score to decrease.
The situation gets worse when this is done in a short period of time.
In view of this, if your credit score is low, don't worry, on our blog you will find many tips to help you increase it.
3. Positive Registration
Node positive registration has your entire profile as a consumer: whether you pay everything on time, bills due, overdue debts, value and number of installments, among others.
In addition to personal data: marital status, occupation, whether you rent or have a property in your name and children.
This information creates your credit score.
Therefore, it is essential to keep it up to date, as well as paying your bills.
All three stages mentioned in the text are interconnected, and it is through them that the credit analysis will be done.
Therefore, success in this procedure will only occur when at least these 3 actions are taken:
- Pay bills on time;
- Maintain a good relationship with banks;
- To be seen positively in the Financial Market.
Now that you know what it is and how it works, credit analysis, take a tour of our website and learn about our services!
