Archive 2019

7 Strategies to Boost Your Score and Credit Score


Boosting or increasing your credit score to get at least a good score – If you’ve been denied a personal loan, real estate mortgage, real estate lease or credit card, chances are you have something to do with your credit score. credit. Many do not even care until they find out that the name is dirty, however, you can learn more about credit and consumer protection reports here.


How to Increase or Boost Your Score and Credit Score?


How to Increase or Boost Your Score and Credit Score?


Creditors and credit bureaus in general expect a time that varies according to the type of transaction to send their name and CPF for enrollment as negative, either in Serasa Experian or in SPC Brazil or in Boa Vista (SCPC) – But all Once this happens you become defaulter and you can be sure that significant damages are caused to your credit score and drop in points of the Score.

But let’s talk about good things .. In this article are six tips for you to increase your Score and boost your score, and with that, get increase in your bank credit limits and benefits in the use of credit card, in addition to access to credit, personal loans and much more advantageous financing.

It is worth mentioning that you should not forget that the most important variable in almost every scoring agency is your payment history. It is essential to ensure that you make payments within the terms agreed by contract. Also do not forget that if you have made mistakes in the past, that is, you have stopped paying your bills, it may be that to boost your score takes a little longer. Wants to know? Read it all the way.

1. Pay the bills on time and reduce the amount of debt


1. Pay the bills on time and reduce the amount of debt


This includes credit card bills and debits and all types of installment debt that you are currently owed to assist in maintaining your positive Score.


2. Pay off credit card bills fully at expiration


2. Pay off credit card bills fully at expiration


If this is not possible, be sure to pay a portion on the due date (preferably beyond the minimum) and check if there is a plan for installment payment to pay the remaining balance or to be financed.


3. Set up notifications with payment date


3. Set up notifications with payment date


Many lenders are currently using modernity and technology these days. Most of them will enroll you in some sort of option that notifies you before the expiration of your invoices or accounts payable before expiration, use this type of service.


4. Automate your bill, invoice and ticket payments

4. Automate your bill, invoice and ticket payments


When you activate automatic payments with your credit card or automatic debit, you do not lose any due date and consequently keep your Score increasing or stable.


5. Always pay your debts with higher interest rates


Try to pay off your credit cards with higher interest rates first. This will improve your credit score and reduce with time the rates and interest applied to your profile. Consider reducing your card spend to about 40% of the maximum limit allowed, the more you get close to your card’s credit limit, the more your score is negatively affected.


6. Consider your credit cards carefully


6. Consider your credit cards carefully


Contrary to many beliefs, cancellation of unused cards does not have a positive impact on the increase of the Score and the boost of the credit score. However, borrowing a lot of new common cards or a credit card to negatively or more than one in the same year and canceling others, can actually have an even more negative impact on your credit score if you do not use them the way correct and change consumption habits.

Instead of doing all this trick, try this : trust two to three credit cards that you will use often but with caution. Building credit wisely over time is sure to help your credit score.

7. Consider a loan with a small portion

7. Consider a loan with a small portion

If you are in need of personal credit, and are having difficulty getting a good conventional credit card, the option of taking a split loan can be a good credit strategy. A installment loan is a loan that is paid in a short time or over time with a predetermined number of payments, usually at least 12 months.

When you get personal loans and pay properly, it demonstrates that you are a credit worthy consumer for having paid your payment flow on time.

Credit score is more than a simple number. Remember this!

Credit score is more than a simple number. Remember this!


The top three credit reporting agencies in Brazil, in addition to monitoring Score and credit, calculate your score taking into account several factors, including:

  • The types of credit you have contracted
  • How long will you pay your financial commitments?
  • How much credit balance are you currently using
  • How’s your payment history?
  • Which debts are in arrears in the last months and years
  • What status of your “payment performance” in recent years

Find here relevant information about Score:

1. 3 Reasons To Have Credit Denied Even With Excellent Score
2. Who can verify your credit information in addition to you
3. Why Monitor Credit Score? Worth it?

To boost your Score and credit score, follow these seven tips outlined above, check your credit reports constantly and protect yourself from being the victim of fraud or identity theft. After all, it’s your credit that’s on the line.

3 Reasons For People With Excellent Score To Have Credit Denied




Have excellent score !!! The credit query to Serasa or SPC and other means will always exist whether you like it or not, just as your credit score will define what kind of consumer you are. A good score is critical to getting personal credit, more affordable real estate mortgages and loans, as well as cheaper car loans and consumer durables.


How to have an Excellent Score?

In addition to what was said in the paragraph above, it can also play an important role in determining the value of your auto insurance and other insurance. There are hundreds of factors that influence punctuation that are analyzed and reported by the “Serasa Score” and “Positive Consumer Boa Vista” that concentrate some key metrics.

You should already know how credit score works, how it is calculated and how important your credit report information is. In Brazil there are three main credit agencies that can generate their report on time. By the way, no one can claim that you do not have access to reviewing this information, you can even get the full report for free if you register for these agencies.

Anyway, not everything is perfect, you may be proud to have an excellent credit score and score , however, when you applied for a small loan or credit card, you were denied. How could this have happened? Despite what many of us believe, an excellent credit score is no guarantee of approval or acceptance. We list five reasons why you may be refused, even if you have an excellent score above 700.


1. You have a lot of debt in relation to your income


1. You have a lot of debt in relation to your income



Most people do not understand that the credit score does not know everything, for example it does not know how much money you earn regardless of your income, even you having an excellent score, making payments always up to date and keeping the use of credit low.

If you are wanting to apply for a home equity loan for example, the bank or lender will want to understand how much money you earn and how much you pay off of debt with that money earned. Even if you have a great score, you may be rejected for having too much debt in progress.


2. Your credit history is too short


2. Your credit history is too short


It takes a surprisingly short time to get a great score. After six months, the credit bureaus have enough data to calculate your credit score and create your Score, especially if you are enrolled in the positive register. After a year, you can easily get a good score (625-699) or very good (700-799).

However, some lenders require people to have a minimum credit history period. You may have managed your credit well in the last nine months, but that does not mean that you can qualify for a real estate mortgage or high value car financing. Some lenders may require a few years of history before approving your application for some type of credit or financing.


3. You let past debts in the past

3. You let past debts in the past



It usually takes about five years for the CPF restrictions to disappear from your credit report – depending on the type of debt, it may be more years. However, people can recover financially relatively quickly. Within a few years it is possible to have a very good credit score (700-799).

On the other hand, some lenders may have rules that prohibit loans to people with internal debts even if they do not appear on your credit report and regardless of your score. So your score may not be worth much if you failed to pay off an old debt, they can refuse any request from you.

Clearly, you may realize that banks do not like to lose money with clients be they good or bad profile, and they will not approve default customers when they come back in the future.

In Brazil and around the world, credit card companies have made rules ever more rigid for these people to be rejected regardless of credit score.

If you do not want to get into trouble with any lender, pay all your debts, including the oldest ones, which you may have forgotten because it does not appear in your history.


Credit Cooperatives Today and Cooperativism } Loans



What do you know about Credit Cooperatives in Brazil? Want to know what credit unions are? What are the types and examples of Credit Cooperatives in Brazil? How is the concept of credit unions? This type of financial institution has not yet caught on in our country, unfortunately they are used efficiently in borrowing money and some basic banking services happens in countries of North America and especially in Europe. Credit unions are nothing more than the association of people with the common goal of helping each other, cooperatives are not-for-profit and not subject to bankruptcy and are generally run by people qualified by members to manage better the financial resources of the members.

In Cooperativa de Crédito , unlike financial institutions that aim for profits, the cooperatives aim to provide credit assistance (credit, personal loans and financing) and the provision of banking services in more accessible conditions for their members, including lending money with much lower interest rates and with fewer requirements than conventional banks and financial institutions.

In Brazil, Brazil is currently ranked 16th in the volume of assets managed by credit unions. There are more than 1,500 Credit Cooperatives throughout Brazil, together they manage assets of about US $ 17 billion, coming from its nearly 5 million members.

In Brazil, credit unions are treated as financial institutions (Law No. 4,595) and their operation must be authorized and regulated by the Central Bank of Brazil. Cooperativism also has its own legislation, Law 5.764 / 71 and the Law.

The credit cooperatives are not so significant in the financial market, their performance reaches 3% of the total credit movement in the country. In credit cooperativism some systems are more advanced and representative in Brazil SICREDI – Sicredi Participações SA, SICOOB – System of Credit Cooperatives of Brazil, UNICRED – Unicred do Brasil, ANCOSOL – National Association of Credit Cooperatives of Family and Solidarity Economy and followed by Independent Cooperatives not attached to a Confederation.


The “Credit Cooperatives” are divided into three categories:


The "Credit Cooperatives" are divided into three categories:




Unique Cooperatives –


Unique Cooperatives -


This type of Credit Cooperative provides financial services in fundraising and offers of credit only to the respective associates, can receive onlendings from other financial institutions and make investments in the financial market.

Central Cooperatives –

Central Cooperatives -


In this type of cooperative, the service is related to the unique affiliates, and are also ancillary responsible for its supervision.

Confederations of Central Cooperatives – This type of cooperative provides services to Central and its affiliates.

The Credit Union is organized in the form of a cooperative society, it is maintained by the cooperative or associates themselves, who simultaneously play the role of owners and users of the system. Credit unions are a surprising tool for strengthening the national economy, democratizing people credit and deconcentrating income.

Credit Cooperatives are excellent for obtaining a huge range of financial products and services at low cost, some are very complete and do not want to want those who are accustomed to banking. We will be posting much more information on Cooperatives here at Dolly Varden, stay tuned!

Alternative Financing – How Does It Work? What Are The Options?



Does alternative financing grow rampant in the world? Is it assertion or assumption? Affirmation! Pray the saying that we are stronger when we collaborate and work together. This seems to have become increasingly evident in recent years. Collaborative economics and initiatives stemming from collective action are becoming the way to work efficiently and survive the future.

When we analyze the collaborative loan and the alternative financing, this propensity becomes even sharper. But why is collective funding growing in the world? More and more tired of bank controls and the way the economy is governed, people have been looking for alternative solutions that offer more security and freedom.


What is alternative financing?



What is alternative financing?



Especially when it comes to controlling your finances. The peer-to-peer loan, also known as Lending P2P loan, or crowdfunding are just examples of these trends.

These types of transactions have grown more and more in the world and proven that not everything needs to be passed by the bank. Many people have proven the effectiveness of alternative financing, especially when it comes to investing or raising funds for projects and new ventures. Understand how these collaborative loans work and take a turn in your financial life. 


What is the difference between the P2P loan and crowdfunding?


What is the difference between the P2P loan and crowdfunding?


Crowdfunding and peer-to-peer loans are two types of collaborative loans. In this type of transaction the interested parties do not have to be intermediated by the bank. All trading takes place directly.

Peer-to-peer loan

People-to-people and crowdfunding share a common principle: raising online funding from several people, or investors, who they can recruit through digital platforms. The crucial difference between crowdfunding and P2P loans, or market loan as it is increasingly known, is how to pay your investors.


Crowdfunding is a method of getting resources that is usually best suited for start-up companies or for small businesses in distress as it is not necessary to make regular repayments like you would with a bank loan. In the case of crowdfunding, investors generally benefit from actions or products made firsthand.

Most crowdfunding platforms involve selling shares in your company. This scheme is known as stock-based crowdfunding. Some global crowdfunding sites operate a rewards-based scheme where, in return for a contribution, you give your investors the final product you are making.


What are alternative loans based on?


What are alternative loans based on?


The peer-to-peer loan, in turn, is a quick and affordable way to get help in your company’s finances. The essential difference between P2P loans and crowdfunding is that you do not distribute any equity but pay interest on borrowed money – just as you would with a bank loan. P2P loans are considered more suitable for established companies that can meet monthly loan repayments.

In Brazil, both Crowdfunding and peer-to-peer landing are done in a completely digital way, through electronic platforms and applications. The interested in this type of transaction should just download the platform of your choice, put your information and wait for the approval of the loan. Simple and quiet, without having to go through the barriers of the seats. You can use these two types of collaborative loans for student loans, debt payments or acquire a property.

How is the collective financing in Brazil?


Alternative financing, although still a novelty in Brazil, has been gaining more and more supporters in the last decade. The first company to do this type of transaction in Brazil is IMPULSO, a member of Aliança Empreendedora, which has been supporting a number of micro-entrepreneurs since 2006, and has been on the web since 2009.

In places like the UK, this system has also become increasingly strong. To get an idea, only 2.8 billion pounds were raised in 2015 through alternative types of funding.

Collaborative funding has grown in the world and it’s no wonder. Both the Crowdfunding collective loan and the ” peer to peer lending P2P loan ” bring innumerable advantages to those who want to invest or need resources. It has fewer risks compared to other types of loans and financing.

If you are looking for where to invest or need a loan to carry out some project, it is worth knowing the mode of collaborative loan and alternative financing. They are revolutionizing the economy and may be the right move for you.

Consigned Credit for Associates and Non-Associate } Credit


Sicoob is one of the largest credit cooperatives in Brazil today, has a line of financial products and services that serve individuals, small, medium and large companies and agribusiness producers. One of the products that have grown the most in recent years and offered in Siccob, is Payroll Credit, this type of loan has no bureaucracy, the discount of the monthly installments is made directly on the associate’s payroll.

Associates and “non-members” can count on, besides the Sicoob Consigned Credit , with other financial products such as opening accounts, requesting credit and loans , having credit cards , investing in savings and RDB, securing the future with Sicoob Previ , to finance assets with Sicoob consortium and to avail of several available banking services.

The most interesting thing to participate in being a member of a Credit Union is to be able to share the results obtained, it is worth remembering that the funds raised in the communities themselves are applied for the benefit of the members themselves, besides generating local economy for hundreds of people, jobs and income .

In another moment we will talk about the benefits of being an Associate of Credit Cooperatives, per hour we will understand the “Sicoob Cooperative Credit”.
The Sicoob Consigned Credit is an exclusive loan modality for retirees and pensioners of the INSS, for employees of public companies and private companies. The discount of the installments is fixed and does not change during the plan, it is made directly to the INSS benefit or to the contractor’s paycheck.

Who can make the Sicoob Consigned Credit? Both associates and non-members of Sicoob can carry out the loan without bureaucracy, with speed and facilities. The advantages of the Sicoob Consigned Credit are many: Easy hiring, quick release of the loan and, does not query the SPC and Serasa Experian, approval does not depend on guarantor, the money falls directly into the contractor’s current account, interest rates are very high competitive.

Consigned Credit 

Consigned Credit 


The ” Sicoob INSS Payroll Credit ” is a loan line specially created to grant low-interest loan money to retirees and pensioners of the INSS. The value of the monthly installments are fixed and discounted directly to the benefit, without stress with tickets or bills. The approval and release of credit is for both associates and non- members of Sicoob .

Consigned Credit Public Server 

Consigned Credit Public Server 

The ” Sicoob Public Servicer Credit ” is a loan directed exclusively to civil servants and civil servants. The line of loan offers many advantages and conditions better than the one offered in the market, fast money, easy and without red tape to do what you want. The installments are deducted from the paycheck every month until the end of the contract.

Private Payroll Credit 

Private Payroll Credit 


With this loan line, Sicoob benefits with the release of credit with differentiated conditions the employees of private companies and agreed with the Cooperative.

An excellent way to help borrowers at relatively low interest rates on CLT workers. The contractor does not need to be an associate of Sicoob to apply for the ” Sicoob Private Sector Approved Credit “. Rates are competitive and fixed installments are directly discounted on paycheck or payroll.


Credit unions for negatives

Credit unions for negatives



Many money lending companies offer and release the disputed loan to negative but the application of excessive interest rates, however, does not have the query to score, history and score in the SPC, Serasa and Boa Vista.

The loan in cooperatives to negative Sicoob can be a great chance the associate to get even state with problems in name with the great advantages of taking the loans with very low interest rates compared to the done in financials like Crefisa and others.

Remember to hire your loans based on the responsibility of not getting into debt, do not ask for more than you actually need, because the less money, the more you pay and the interest on the debtor balance is much lower.