What is having dirty name or bad credit?
- Why can not I get a credit card with a dirty name?
- How to have a dirty name card?
- Prepaid cards for someone with a dirty name
- Checked-out payday loans with dirty name
- Store Credit Cards
- What to do if your credit card request is denied
What is having dirty name or bad credit?
Being like the dirty name is determined by how the citizen handled his uncontrolled buying power and the misuse of personal credit over the years that have passed.
Anyone who fails to make financial commitment payments, your CPF is sent to credit bureaus as a defaulter and because you are denied credit, we say that people are called dirty.
A credit score that is typically below 400 usually can be considered as bad, however as we have three companies reporting the credit score, one may be different from the other.
But, ideally you have a good or excellent rating, you will want to look for at least the 700. Below that, you will be will have access to higher rates when related to financial products.
The lower, the higher the rates, and when the person is with the dirty name , that is, is enrolled in the Serasa, SPC, Boa Vista, CCF, notary offices or has protests spread there with delinquent, therefore is a debtor, interest rates are much higher and access to credit, personal loans and financing is restricted.
“That’s the bad news.” The good news is that it takes a few months to have good consumer behavior to improve your score as long as you pay back the past due debts as the creditors.
Therefore, it is fundamental that each person be careful about the default. After all, having the negative CPF can bring a lot of problems, especially the inability to issue a conventional credit card with good limits, and only the dirty name card will remain.
However, if this is your case, know that there are alternatives to conquering your plastic money. Want to know how to do it even with the negative CPF? So, continue reading this article and see our tips. Check out!
Why can not I get a credit card with a dirty name?
Defaulting consumers have extreme difficulty accessing any credit line in the traditional system. This can be explained by the fact that, in order to obtain credit, the interested party must undergo a careful analysis of their ability to pay.
When the client encounters default records on credit bureaus, it means a very high risk of non-repayment of debt. Therefore, companies consult these databases to make the best decision on the assignment of credit.
In general terms, the best way to get access to credit lines again is by organizing your financial life and taking out your debts. That way, clearing your name is easier to get back a reputation as a good payer.
How to have a dirty name card?
While it is practically impossible to get a credit card in default in traditional banks, it is undeniable that the use of this financial resource becomes essential to get out of the red. But of course, it is necessary to rehabilitate consumption habits.
Buying without interest and having the opportunity to pay in installment is a very sought after option by most people. In this scenario, you can even pay some expenses to have the name cleaned up faster.
The good news is that there are alternatives to some credit services like products made available exclusively to people with restriction and dirty name in the square. However, these are different from those traditionally known.
If you are denied and need a credit card without consulting the credit protection agencies, here are some viable options for your case.
Prepaid cards for someone with a dirty name
The prepaid credit cards are part of a credit modality where the user can request their without consultation and without link to banking institutions. Its use consists of a template similar to the debit card and you control the limit you want to use.
In a simple way, the consumer must recharge the amount he wants and can later make withdrawals, make purchases and make payments. However, since it is a kind of debt, all expenses with the card should be paid in cash.
Thus, prepaid cards are excellent alternatives for people who are denied and those who have no income. In addition, it is extremely simple to control expenses, since the available limit corresponds to the value of the recharges made.
On the other hand, the great disadvantage of this modality goes directly by the collection of high rates and tariffs. If your priority is to save on your expenses it is fundamental to investigate the fees charged so that this type of card does not make your plans unfeasible.
Checked-out payday loans with dirty name
The current market is full of credit products available. Therefore, in addition to conventional credit and debit cards, there are prepaid and consigned. This modality is available to INSS beneficiaries, public servants, private companies and Armed Forces.
See also :
- How to Compare Cards the Right Way
- How to Make Olé Payroll Credit Card
- How to Make a Credit Card Payroll Bank
So, if you are part of any of these groups, just make an online consultation of the institutions that offer this credit. It is worth noting that it is possible to apply for a paycheck-deductible credit card at any branch, whether or not it is an account holder.
One of the major advantages of the modality is characterized by the fact that consumers have a guaranteed fixed income. Thus, with the consignment of credit, payment is made automatically through the direct debit of the paycheck.
Unlike the prepaid card, in the paycheck it is possible to make purchases in installments, besides allowing withdrawals in ATMs. Another point that deserves to be highlighted is that the customer must have a consignable margin to use the card.
As defined by the consignment rules, the use of the payroll deductible credit card may not exceed the maximum limit of 5% of net income. Therefore, due to payment guarantee, even negative customers can obtain the card because their approval is not conditional upon consultation with SPC and Serasa.
Store Credit Cards
You certainly must have visited some large department store or even supermarket chains and gas stations. So in that case, you’ve probably been approached by some promoter of these stores with a credit proposal.
The cards that are offered do not usually require many requirements such as consulting the SPC SERASA, or even proof of income. For this reason, it becomes a great attraction for those who want to buy, but have some restrictions.
However, in order to make an intelligent decision, all the costs of such credit must be taken into account. In general, the interest rates charged in this modality are considerably expensive. So getting that kind of credit card with dirty name might not be so interesting.
In order to request them, the interested consumer should attend the credit department of the store where a superficial survey will be made on the customer’s consumption profile. After answering a small questionnaire, the credit limit is released and the card issued at the same time.
What to do if your credit card request is denied
So, you chose a card, you did your research, but you were denied. What to do? In fact, there is not much to do, because the issuers even dirty name cards, have guidelines to grant the plastic. If the applicant is not eligible, the card will be denied.
Let’s understand some of the reasons why you may have your card request denied regardless of whether it’s dirty name or not, and what you can do about it:
Having too many debts : This is simple to solve – in case you have very high current debts. Before you apply for another card, lower your budget or pay some debts that have an impact on your income or salary.
Credit report with restrictions : This is also easy to fix. Pay off the debts that appear on your report and wait a few months, then you can request your new card with a dirty name or private bank card or stores.
Low or insufficient income : Some cards require at least a minimum income to complete approval. Try a credit card that does not require income above what you can prove, but have the features you need.
Order 1 to 2 sizes larger than normal. View this on hoodies, organic shirts, and much more! Take a break on upcoming card requests and focus on creating your credit with no restrictions and good punctuation.
Minimum Age : The Law requires that persons under 18 years of age, even if they have an independent source of income, can not obtain a card on their own, unless they have an additional holder.
Very low credit score : If the problem is your credit score, you can start increasing your score by enrolling in the positive register and making a personal loan at a bank, financial or credit union.
These personal loans are offered in several ways: For example, there are unsecured loans or restricted loans that can be used to rightly clean your dirty nomo and build credit.
Some card issuers offer pre-approval for you, which means that they analyze your credit to assess if you are likely worthy of approval, as is the case with consigned card
In conclusion : Although the use of credit cards is really very interesting for consumers, it is essential to maintain adequate control over their use. That’s because, as best ally, he can become a big villain, leaving his accounts in the red.
Therefore, adequate financial planning is always the best option for those who have some type of restriction. Study all the possibilities and make the right decision.
What do you think of the tips we’ve brought to help you issue a dirty credit card ? Useful? If so, be sure to spread this content on social networks so that new people have knowledge on the subject. To the next!
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