Positive registration: why should I do it?
Those with a positive credit history will enjoy lower interest rates and longer terms, in addition to having more credit available. Learn more!
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Did you know that a positive credit history not only helps you get more credit but also offers lower interest rates for people who are up to date with their bills?
This list of good payers came into effect in January 2020 and is already being consulted by companies and financial institutions when offering credit or opening a credit account.
In this article, you'll learn everything about what a positive registration is and why you should do it, so keep reading.
What is a positive registration?
Firstly, the positive registry is a database that gathers data on financial transactions, such as payment obligations.
In other words, a history of all consumer payments.
In fact, this law was created in 2011 and sanctioned in 2019 by President Jair Bolsonaro.
However, since 2017, it has been automatically including consumers' CPFs in its positive registration databases. In short, this list provides a credit score.
But the best part of all this is that consumers with high credit scores will have the benefit of being able to take out loans with lower interest rates and longer payment terms.
How to do it?
To register positively, you need to activate it to access all the benefits it offers.
Registration can be done completely online and securely through the official website and also in person if there is a physical agency in your city.
If you choose to go to a branch, don't forget to bring a photo ID and CPF number.
It is worth noting that another option for activating your account is through financial institutions where you already have credit, such as banks and credit unions.
Why should I register positively?
In addition to ensuring that you have a good reputation with companies when applying for a loan or opening a credit account, activating the positive registration only brings benefits.
Here are 5 reasons why you should register positively:
1 – The first point is that the your score increases with the activation of the positive registration, allowing you to obtain higher credit limits from a financial institution.
2 – Secondly, the promise is that starting in January 2020, with the law in force, institutions will offer lower interest rates, credit and different terms, according to each customer's score.
3 – In fact, if you need to open a credit account at a store or apply for a credit card, approval becomes much easier and faster.
4 – The fourth advantage of activating the positive registration is that you will have a history of good payment, which you can use when requesting a loan. financing of a house or car.
5 – In addition to all this, you will have a differentiated relationship with banks and the credit market.
