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Understand in an easy and simple way how Serasa scores work. As well as, find out why the limit you want is never released!
Have you ever been in the situation of having a credit card or loan with the analysis denied? Unfortunately, this is very common and happens to most Brazilian citizens.
In fact, the The reason for the denied credit analysis is because the Serasa score is one of the main parameters used by companies.
Therefore, based on the data, they decide whether to grant credit or not.
In fact, when the Serasa Score is low, it makes it very difficult for consumers to access credit cards, loans and financing.
What is the Serasa Score?
From the outset, the Serasa Score is a procedure used by financial institutions to measure the consumer's default risk.
Therefore, it is from this tool that creditor companies decide to release the credit.
However, the consumers with CPF restrictions have the lowest score on the market. Consequently, this limits access to any type of credit or financing.
In this sense, to always keep your score positive, it is necessary to have good financial habits. Since this sum is one of the main systems that analyzes information for credit decisions.
How does it work?
In advance, the Serasa score is individual. In other words, it varies according to the habits of each customer.
Therefore, the variation ranges from 0 to 1000 depending on verification of bill payment, debt history and relationship with companies and banks.
Therefore, the classification is divided into 3 important groups, take a look:
Group 1: 0 to 300 points, this group indicates a high risk of default. In this way, access to all lines of credit becomes very difficult.
Group 2: 300 to 700 points, this group of consumers has an average risk of not paying bills. Therefore, credit cards and loans are released more easily. However, the limits are lower.
Group 3 : 700 points above, this demonstrates less risk of default. As well, these consumers have easy access to credit lines and lower interest rates.
Of course, in addition to the score, other customer data is also collected, such as age, income and marital status.
In other words, the lower the score, the greater the risk that the consumer will not be able to pay off the debt.
Why is my Serasa score low?
In short, the result is linked to the consumer's financial habits. Therefore, Debts in your name with late payments usually have a negative impact on your Serasa score.
Therefore, you need to have good financial planning and organize your finances.
Well, this is a fundamental step to increase the number of points in Serasa. So, reflect on whether your financial habits are positive or negative.
This way, you will know which points can be improved. As a result, the score tends to increase over the time.
