a result Financial is the degree to which consumers are ranked in the market according to their debt repayment status. In short, this score ranges from 0 to 1000 depending on the citizen’s history.
It should be noted that this is the condition most used by banks and financial institutions in franchising their services, such as loans, credit cards and finance for example.
In this sense, since it is important for a consumer to have a positive score, they often believe that certain actions can make a difference, helping them increase their credit score.
However, this is not the way things happen. Many of the practices that seem to help the outcome are often unrelated to credit protection agencies.
So, check out three of these lies below:
CPF in the note
First, there is one of the biggest myths about contributing to a higher score. Contrary to what many believe, the situation of CPF In the observation when making a purchase does not help to increase the result.
In practice, adding CPF to the bill is a strategy by state governments to avoid tax evasion by consumers. In other words, it only contributes to the control of the commerce tax and ICMS (Commodity and Services Circulation Tax).
Paying your bills on time, or even paying off debts that left a bad name doesn’t immediately increase your score. The procedure practically does not change your score at all.
This is because paying off debts on time should be an obligation, but because the discharges are done correctly, credit protection agencies allow the score to be raised.
They have a high income
Finally, many people think that the more they earn, the higher their score. This statement is another myth of the financial market.
What is important is the consumer’s behavior in the face of frequent repayment of his debts, not the amount he receives per month.
How do you increase the degree?
In advance, the consumer should understand that his score increases only in accordance with his financial behavior. So, find out what can improve your score:
- Clear your name, if you are registered as a defaulter;
- update bill payments;
- updating data on the websites of credit protection agencies;
- Don’t commit all of your income to loans and financing;
- Make informed purchases.
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