Motorcycle financing is a desire of many Brazilians who dream of having their own transport vehicle, especially in this period of coronavirus, where those who have their own car or motorcycle.
How to increase your Score in 30 days is perhaps one of the things that many Brazilians want, but many cannot achieve, right? Today you will check out special tips to help you make this possible.
First of all, we need to make it clear that in order to increase your score, clearing your name is essential, above all else. If you have outstanding debts, negotiate with your creditors and pay them all off.
This should be your priority. Without it, you will hardly be able to change the way the market analyzes your registration.
Score for motorcycle financing approval
The recommended score for you to get approved for credit is around 600 to 800, which is undoubtedly a good score. The problem is getting this score during the coronavirus crisis.
First, let's talk about a good score. Also, how you can increase your performance in the market.
Among the various criteria that banks and financial institutions may or may not use to approve financing is your score. One tip is to check your score before applying for financing. This way, you can check your score yourself and what you can do to improve it.
What score is considered good to apply for credit?
As we said at the beginning of this article, it is around 800. But let's go: according to economic estimates, the score ranges from zero to 1,000 points: up to 300 points there is a high risk of default; medium risk between 300 and 700; and low risk for those who accumulate a score above 700 points for motorcycle financing amounts above 8 thousand reais.
What is the waiting time to increase the score?
Use less than 30% of your total credit card limit. …
2 – Always pay your bills on time. …
3 – Clear your name! …
4 – Do not apply for credit more than 10 times a month. …
5 – Have your positive registration active! …
6 – Update your registration and income data. …
7 – Don’t borrow what you don’t need
Questions about this topic? Leave your comment below and we will respond as soon as possible.
Source: Serasa Portal