How to improve your credit score

Improve your credit score quickly and easily. First, with any credit transaction you make, whether for a card, loan, or financing, lenders will evaluate your credit history.

However, to do this in a more organized and efficient way, an analysis parameter was created, called a credit score, that is, your score according to your financial life.

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What is a credit score?

Initially, it is a scoring system that assesses whether a person is good at paying debts and bills or whether they may not have a good track record in this regard.

Thus, it relates to the positive registration, which is a kind of "financial resume" with information that shows how a person's relationship with finances has been throughout their life. The score is the score of this "resume."

The score ranges from 0 to 1,000 and tends to change over time. The closer to 1,000, the better: this means they consider you a person who honors your financial commitments.

Improve your credit score

The scale indicates the following:

• Up to 300 points: high risk of default;
• Between 300 and 700 points: medium risk of default;
• Above 700 points: low risk of default.

The higher your score, the easier it will be to access credit in the market, including at more competitive interest rates.

So it's worth trying to improve your score, right? We've put together a free step by step to help you boost your score.

To download, just click the button below: DOWNLOAD THE GUIDE TO BOOST YOUR SCORE

How do I check my credit score?

Currently, you can check your score on credit bureau platforms, which are companies that record a person's payment history.

You can make a free consultation at the following bureaus:

• Serasa Experian;
• Boa Vista SCPC;
• Quod.

Simply visit the website or download the app and register with your personal information. After that, you'll have access to your credit score and other useful financial information, such as whether you have a bad credit history.

Tips to improve your score

With a low score, your chances of getting credit approved are very slim, which could disrupt your plans.

So, take advantage of these 5 tips we've prepared to help you on your journey to getting credit whenever you need it.

#1 Pay your bills on time

The basic rule for anyone looking to improve their credit score is to always pay your bills on time. This demonstrates to the market your commitment to finances, paying your debts on time. The more punctual you are, the more trust the market will have in you. As a result, it will be easier to obtain credit.

#2 Pay off your debts

The most important thing to improve your score is to get everything in order in your financial life. If you have outstanding debts, clear your name first. With your bills up to date, improving your score becomes much easier, as they are some of the main risk indicators.

#3 Make the Positive Registration

Using the Positive Credit Registry can also impact your credit score. This tool gathers payment information for loans, financing, and utility bills like water, electricity, gas, and internet. This allows creditors to be informed of the consumer's payments, creating a much richer credit history. This way, records go beyond just unpaid debts.

#4 Buy in installments when you can

Payments made in cash or by debit card are not included in the positive credit history information and are therefore not used to calculate your score. Therefore, whenever possible, pay in installments or pay in full with a credit card.

#5 Have a financial plan

This is the last tip, but it's the most important! Having financial organization is essential for anyone looking to improve their credit score. With your finances in order, for example, you're less likely to have trouble paying your credit card bill in full or be forced to use your overdraft limit.

So, did you like our tips? Start putting them into practice right now and boost your score!

To download the Guide to Boosting Your Score, simply click the button below, watch an ad, and then unlock your guide:

DOWNLOAD THE GUIDE HERE