In the United States, for example, this track record is so strong that it is taken into consideration by consumers all the time. Americans know on the tip of their tongue what they earn annually from gross and net salaries, including benefits, and how much of their income could compromise on larger purchases
Such as renting a more expensive apartment, renovating, or buying a car. Each watches over their individual credit score , which increases or decreases according to the consumer’s financial behavior.
For the past three years, fintechs , hybrid finance and technology companies, have opened the door to the Positive Registration concept. By being born with the analysis of data in their DNA and taking into account a large number of factors to compose a true picture of the profile of each consumer, these companies were able to include many people in the previously overlooked financial system. In addition, traditional companies such as SPC and Serasa Experian have also begun to provide payment information services, ie paid accounts.
Although important, these are still the first steps towards the establishment of a Positive Register in Brazil. In the future, we expect this system to be available to all Central Bank-certified financial institutions and will bring together all purchases and financial transactions made at a particular CPF. With it, consumers with a good credit history will be able to receive better rate offers tailored to their risk profile.
It would also benefit people who, even with the temporarily dirty name, usually pay all their debts on time. In addition, the database would prevent a bad payer or fraudster from borrowing on different fronts, not allowing him to acquire debt that he cannot repay.
Positive Registration: less bureaucracy
Another key point of the Positive Registry will be the reduction of red tape for consumers when purchasing a high value item, requesting a higher credit card limit, loan, financing or subsidy. This is because the citizen would already have a track record and would not need to gather so many documents.
In addition to improving the user experience, money would be better distributed and flowed, reinvested more often and accelerating the economy.
And remember, even if you are negative, you have a chance to apply for a loan online with Good Finance and get approved, precisely because we work with an advanced system that recognizes other factors that may free up credit for you. Order now!