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The difference between Score Boa Vista and Serasa causes many doubts among consumers. Find out now why this happens and discover which is the best credit score.
Have you ever checked your CPF and come across a big difference in your credit score?
If both institutions measure the customer's payment history, why does this happen?
Although the institutions are credit bureaus authorized by the Central Bank of Brazil, it is important to mention the distinction between them.
After all, each company has different management and policies.
Do you want to know what methods each organization uses and what the credit score is for? Then, don't take your eyes off this reading, just check out a little spoiler of what we have prepared throughout this content:
- What is a Credit Score and what is it for?
- What is the difference between Serasa and Boa Vista?
- What is the Boa Vista score for?
- Which score is better, Serasa or Boa Vista?
- Did you understand the difference between Boa Vista and Serasa scores?
- How to improve your credit score?
What is a credit score and what is it for?
When seeking approval for lines of credit, the customer's score is always analyzed. However, many of our readers are still unaware of what this score is and what it is for.
At first sight, The credit score is a score that measures your behavior regarding debts and long-term payments.. This way, banks and stores have a tool at hand to help calculate credit risk and the best limit according to your financial habits.
Therefore, the higher your credit score, the easier it will be for you to access credit, loans, credit card and other financial products. The same thing happens with a low score in reverse.
What is the difference between Serasa and Boa Vista?
Remember when we mentioned at the beginning of this article that Serasa and Boa Vista, despite being credit bureaus, are not the same institution? Well, each one has different policies when it comes to formulating the score, as we will see below.
Serasa Experian
Serasa Experian was founded in 1968, and since then the organization has worked on credit analysis and information, in addition to supporting and expanding businesses in Brazil.
In this sense, the bureau works through agreements with information companies from all over the continent. When calculating the score, it involves factors such as age and defaulting on the CEP. Thus, a specific score is reached, regardless of the Boa Vista result.
Why is my score different at Serasa than at Boa Vista?
Since each company works with divergent databases, the end result of the credit analysis will always be different. In addition, Serasa's calculation is more rigid and considers not only your credit history, but also the default rate in the city where you currently live. For this reason, when We change and update the registration data, it is common for the score to increase or decrease.
Boa Vista SPC
At the same time, Boa Vista SPC is also a credit bureau and has been present in the market for over 60 years. Previously, the institution was part of SCI (Equalifax and the Commercial Association of São Paulo).
However, the name Boa Vista started in 2010. The calculation of the company's score involves 3 important behaviors to reach a result that does not depend on the information contained in Serasa:
- payment behavior;
- search for credit in the market;
- registration information.
Through Boa Vista's official website, consumers can check their score for free and negotiate outstanding debts. One of the advantages is that the platform gathers all information on credit contracts (active or overdue) under the CPF.
What is the Boa Vista score for?
The Boa Vista score ranges from 0 to 1000 and serves as a parameter for credit institutions to assess how consumers pay their debts. Therefore, it is through this tool that Banks determine the amounts to be released to a given customer.
Boa Vista is one of the oldest credit bureaus in the country and is widely used to check defaults and consumer profiles. To give you an idea of the importance of this organization, we have put together a list of banks that check this credit score:
A key tip for getting your credit approved is to analyze your score on each platform. Generally, the Boa Vista score tends to be higher when compared to Serasa. Therefore, take advantage and apply for your card at one of these institutions mentioned.
Which score is better, Serasa or Boa Vista?
In fact, many companies have agreements with Serasa and Boa Vista and always take into account the credit application restrictions and the corresponding scores. However, as is the case with most Brazilians, the Serasa score is usually much lower.
Therefore, Investing in improving your Serasa score is a more advantageous procedure for obtaining good credit limits. But this does not mean that it is possible to leave debts outstanding at Boa Vista, they all need to be paid off, even those that have expired.
Did you understand the difference between Boa Vista and Serasa scores?
The calculation of scores presents a result that goes from 0 to 1000. Therefore, from the final value it is possible to know the behavior of the group with a profile similar to that of the consumer.
Through analysis, companies can also predict the future probability of default. In this way, through the score and other credit checks, financial institutions decide whether to grant the loan or not.
In short, Serasa Experian and SPC Boa Vista are different companies. Therefore, they work with different databases and analysis methods. Therefore, this is why the scores of both are different.
How to leave a good score?
In most cases, the consumer has a high score on Boa Vista and a low score on Serasa. We saw the reasons for this in this content.
So, to get a credit card, loan or financing, you need to be well qualified in both credit bureaus. See below for some tips to put into practice and get a good score:
- Do not make too many inquiries;
- Always keep your address up to date;
- Always pay your bills on time;
- Always keep your name clean in Serasa and SPC.
Conclusion
The difference between Boa Vista and Serasa scores will no longer be a problem, after all, based on this content it is now possible to acquire the main information about how each credit bureau works, which banks consult Boa Vista the most and the importance of the Serasa credit score.
Having good financial behavior is essential to have access to good lines of credit and this is reflected in all credit bureaus. In addition, on both platforms, consumers can negotiate outstanding debts at a discount.
In conclusion, these are the main reasons why the Serasa score and the Boa Vista score are different. Did you like this content? Then also follow our social networks at Facebook and Instagram!
