What is Serasa's "Score" and what is it used for?

Every day, people go to the banks in search of credit or loans, whether to try to pay off your debts, buy your own home or even the dreamed vehicle.

But, given the current financial scenario, many of them have their request denied without even being informed of the reason. Most of the time, the main cause of this is the score low within credit protection bodies, such as Serasa It is SPC.

For responsible organizations, a low Score means that the individual does not have a good reputation, or relevance to assume a financial commitment, directly interfering with the approval of loans, credit cards, and other financial services. In other words, the score it is nothing more than the factor that indicates whether the chances of an individual honoring the contract are high or low.

More information about Score

Ranging from 0 to 1,000, the Serasa Score has a classification between “low” and “very good”. Everything will depend on the score that the individual will obtain.

1. With a score of 0 to 300, the individual demonstrates a high chance of not honoring his payments;
2. With a score of 301 to 500, it is considered regular, that is, from this point on, loans and other services become more accessible;
3. With a score of 501 to 700, the chance that the customer will default on payments becomes almost zero. He will get lower interest rates and higher credit card limits;
4. With a score of 701 to 1000, it is considered very good. From this level, the individual has access to minuscule interest rates and even unlimited cards;

How is the Score checked done?

Certain factors are analyzed by companies when checking their Score, see what they are:

• Financial relationship with companies;
• Recent registration data;
• Debt history;
• Query behavior;
• Inquiries for service and credit;
• Credit payment;
• Debts;
• Between others.

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