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Welcome to a practical and uncomplicated guide! Today, let's see how you can check your score on Serasa without paying anything.
Have one good credit score It can open many doors, facilitating the approval of financing, loans and even opening a new cell phone plan. However, many people still don't know how to access this information or even don't know what the “score” is.
Thinking about helping you, we created this article! We will explain, in simple and direct language, what this number is, why it is so important and, of course, also check out step by step for you to consult your Serasa score without having to take a penny out of your pocket. Stay with us and give that little boost to your financial life!
Understanding the Credit Score
If you've ever tried to take out a loan, get a credit card or finance a car, for example, you've probably heard of “credit score”. But what is this, anyway?
Imagine that you have a store and two people arrive wanting to buy something on credit, promising to pay the following month. One of them is your neighbor, who you know always pays her bills correctly. The other one, you've never seen before.
Who would you sell to without fear of defaulting? Probably to your neighbor, right? In the world of finance, the credit score works something like this.
The score is like a grade you receive, based on your payment history and other financial matters. It indicates to companies whether you are a person who usually pays your bills on time or not. Just like at school, the higher your grade (i.e., your score), the better.
It works like this: Serasa, which is one of the companies that carries out this type of assessment, takes a peek at a lot of your information. They want to know if you pay your bills on time, if you've ever owed anyone, that sort of thing. They then use this information to calculate your score, which is a number between 0 and 1000.
If your score is low, between 0 and 300, it means that, at times, you have had some problems paying your bills. Companies may be hesitant when it comes to lending you money or approving financing, because they are worried about whether you will be able to pay it back.
Now, if your score is between 300 and 700, you are somewhere in between. It's not bad, but it's not ideal either. Some companies may give you credit, but perhaps at higher interest rates.
If your score is high, above 700, Oh yes! This shows that you are solid, and companies will have more confidence that you will pay for everything correctly. This makes it easier to obtain credit, and often at lower interest rates.
How important is it to have a good Score?
With a high score, it becomes much easier be approved for all types of credit, such as loans, financing and credit cards. It's like you have a “trustworthy stamp” on your forehead. Banks and finance companies look at your score and think: “This person is responsible, we will lend the money without any headaches”.
Here things get even better. When you have a good score, it's not just easier to get credit. Often, you can borrow money paying less for it. That's right, interest rates are lower. It's like a reward for paying everything correctly.