Making your life 

Having your finances in order helps us live a healthier life in all other areas. Setting new goals and finding new ways to achieve them requires a financial planning well done that requires greater financial control. 

For example, to buy a car, a house, or make a large purchase, you need to organize your finances and have a clean credit record so that institutions can approve these purchases. 

According to research data in Brazil, around 60 million people have credit restrictions and face many difficulties when they need to apply for financing or even a credit card, to improve their lives. 

When a person has a pending debt, the likelihood is that they may be subject to another one, and not be able to pay, and consequently, companies will not release the credit that the consumer needs. 

But today, we want to help you clear your name and we've prepared special content for you!

How does the debt default process work?

Most people think that credit protection companies themselves are responsible for debt defaults, but that's not how it works.

In fact, the companies you stopped paying are the ones requesting the negative report. 

Upon receiving the negative listing notice, the consumer has around 20 days to settle the debt and, if payment is not made within this period, the negative listing is completed. 

It is important to note that payment must also be made directly to the creditor company so that your credit situation can be regularized. 

After payment, it can take up to 5 business days to clear the consumer's name. 

Making your life more positive

Some people also opt for the statute of limitations on debts, the famous "waiting for the debt to expire." The Civil Code determines that, after 5 years of the debt being incurred, the negative listing cannot continue. 

Contrary to what many people think, this is not the best option because, even after the statute of limitations has expired, the debt may remain in the creditor's database, giving the consumer a bad reputation with the company. 

We'll show you alternatives on how to clear your name so you can start 2022 with your finances in order.

Check your CPF  

The first step is to check your CPF. Many people have negative credit ratings but don't know it, so the first step is to check your CPF to find out your current status. 

By consulting, you will know exactly if you have any debt and how to pay it. 

This happens because, in many cases, the negative rating notice is delivered by letter to your address. 

You can also check your CPF on the websites of credit protection companies. 

Write down your debts 

Before creating new goals and objectives, it's important to understand what debts you already have, whether they're in debt or not. 

It's very easy for an overdue debt to become negative, so don't let it get to that point. 

If you're already in debt, prioritize paying off these debts so your financial situation can begin to improve and your image can be improved with companies.

Get organized to pay your outstanding debts before receiving the negative listing notice, as this will not result in new negative listings. 

Once everything is sorted out, you can start thinking about how to avoid getting disorganized again. 

Have strict financial control

If your debts are out of control, you haven't managed them in the best way possible. 

 Think about what you did and how you could do things differently so the situation doesn't happen again. Analyze the expenses that disrupted your budget at the end of the month to see if they were necessary and if they'll recur. 

When you can identify what has hindered you in the past, you will be able to eliminate superfluous or simply unnecessary expenses. 

Understand what your next expenses are 

After paying your debts, understand what expenses you will have in the future and only take them on if you can truly afford them. 

It's very important to write down your fixed and variable expenses, write down your net monthly income (after taxes), and also try to save a percentage of your salary for emergencies. 

Make financial reserves

When you start organizing your money, you'll understand that saving some of it is very important.

It's essential to always have a portion of your income available in case something unexpected happens, such as medicine for an illness, a broken plumbing system at home, or even necessary car maintenance. 

Another option is to start investing your money, instead of simply saving it. 

Study the subject, talk to people who already do it, and research investment platforms that can help you in this process.

In the future, the return will be rewarding. 

Control impulse purchases 

We don't even realize it, but those purchases you make with the famous "I deserve it" mindset make a huge difference at the end of the month when you add them up. "Little by little" becomes a snowball.

Add up all the unnecessary expenses you had last month and do the math. You'll likely add up a considerable amount of money that could even pay off a debt. 

You deserve to have everything you want, but don't let it harm your financial life, because in the end, the headache won't be worth it. 

Conclusion

The truth is that everything depends a lot on ourselves, so first of all, it is necessary to understand where to start improving. 

If you have some outstanding debts or even need to clear your name, start this project right now. 

And count on Geniuzz to help you get your financial life in order.

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