November 16, 2019 Jeffery Langford 0Comment

Today we rated and rated apps, social media reviews, product purchases, and now it ‘s Credit Score’s turn.

If you have never heard or are hearing a lot and still have questions, we will help you get rid of them and give you tips on how to score high. Follow with us.

Credit Score – Where Did It Come From?

Credit Score - Where Did It Come From?

Lending companies, due to the general increase in delinquency , needed a better parameter to know their economic capacity , whether or not to opt for the loan . Thus, as in other countries, a score was adopted for people.

The English word means punctuation , and is used to measure a person’s risk of default based on their payment habits and how they relate to the financial market.

How does the credit score work?

Each company has its own lending policy and adopts the criteria it desires, but among many aspects, the analysis is made taking into consideration:

  • Debt history ;
  • Punctuality in the payment of bills, including consumption, such as water, electricity, telephone, Internet;
  • Updated registration data;
  • Use of card rotary and overdraft limit;
  • Whether or not there is a name restriction , such as protests and lawsuits.

It is noteworthy that there is a whole legislation for the use of this confidential data by credit companies, such as Law 12,414 / 11.

How is the score determined?

How is the score determined?

To determine Credit Score , companies rely on statistical data, grouping by region, zip code, or age group, for example, and by comparing and cross-referencing information , classifying people by credit risk :

  • Up to 300 points –high;
  • From 301 to 699 – average;
  • 700 to 799 – low;
  • From 800 to 1000 – very low, almost nonexistent.

Even if you have a low Credit Score , you can still change the situation.

If you’re one of those people who forgets everything, put your accounts in direct debit. Are you in debt and are you late? Renegotiate with the lender. Swap one debt for another with lower interest rates and clear your name . These are all ways to raise your score.

Benefits a high score can bring


Having a good name in the market opens many doors:

  1. Ease of lending;
  2. Agility in credit application processes;
  3. More attractive installment conditions;
  4. Better interest rates in negotiations;
  5. Faster credit card application approval.

If you are looking for a loan to make that dream trip, get a property or even finance your studies, for example, you have come to the right place.

We have a fully online credit platform for the financial institution to offer employees of affiliated companies access to the loan they need quickly, simply, without red tape and in complete privacy.

This platform is a tool that aims to optimize processes for everyone, since it facilitates the management of contracts, enables the monitoring of employee credits and assists in applying for loans.