First, most of the population is going through a complicated financial situation. This leads them to look for information that helps them clarify their doubts, and one of the biggest uncertainties is about the negative CPF.
Disadvantages of dirtying the name
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Having a bad name can hurt you in many ways, but it usually means that both banks and other companies don't want you as a customer because this reflects a type of customer they don't want to close contracts.
However, everything already in your name such as contracts referring to the house, car, telephone or even your other bank cards – made before your name got dirty – will remain normally.
Will I lose my cards if I have a dirty name?
The answer is no, having a dirty name does not imply the loss of your cards, in fact it works like this: the card that has not been paid will be blocked and you will only lose it, however all the others will continue to work as long as they keep their invoices in day.
SPC and Serasa
Both are credit protection bodies and having your name negative on them impacts on anyone's financial life. They work as a history, saving your characteristics as a consumer and providing a note as a score. This score influences your ability to finance or even take out a loan.
All this harms your possibilities when buying a car or even a house.
How can I end up getting my name dirty?
There are several possibilities that cause the consumer to have his CPF dirty before the credit protection agencies, as you can read below:
- Negative: it is the most common and happens when the consumer cannot or chooses not to pay the debt;
- Participation in bankruptcy: legal entity and being part of a company that goes bankrupt, so this person can no longer pay his debts, he has a dirty name;
- Bad check: using a check for payment and not having the amount on account;
- Protest: when you buy something in an establishment and you don't pay, the store opens a debt protest at a notary and that also messes up your CPF;
- Lawsuit: having your name dirty having a debt with a person who takes it to justice.
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