Positive registration: Benefits for those with negative records
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Many people are unsure whether a positive registration is worth it. They ask questions like: What is it? What are the benefits? What are the “risks”? Where or how to do it? Well, we will answer each of them.
Is positive registration worth it?
After all, what is the positive registry?
The Positive Registry is your history. According to SERASA, it is similar to your financial resume, in which everything you have done and continue to do well can and will help you in the future. In short, it will be a database of your financial life.
The information that will be viewed by financial institutions and retailers on the credit they are:
- Consumer registration data.
- Payment date;
- Total purchase value;
- Value of payments;
- Value of installments;
- Due date;
What is the positive registration for?
All this information will be available for consultation by various companies and financial institutions and can help you obtain credit approval, better interest rates on financing and easier credit opening.
Recent news indicates that this change could inject up to 1.1 trillion reais into the Brazilian economy.
Benefits
The benefits of positive registration include:
- Greater agility in loan processes
- Greater agility in financing processes
- Credit cards promise higher limits
- Lower interest rates (considering the lower risk of these customers)
- Individual and complete assessment
According to IstoÉ magazine, the positive registry can open a loophole to clear the names of those who are in debt. Follow along.
Laws
Law No. 12,414, of June 9, 2011 (“Positive Registration Law”) – Regulates the creation and consultation of databases with information on compliance, of natural persons or legal entities, for the creation of credit history.
Complementary Law No. 166, of April 9, 2019 – Amends Complementary Law No. 105, of January 10, 2001, and Law No. 12,414, of June 9, 2011, to provide for positive credit registries and regulate the civil liability of operators.
Decree No. 9,936, of July 24, 2019 – Regulates Law No. 12,414, of June 9, 2011, which governs the formation and consultation of databases with information on compliance, of natural persons or legal entities, for the formation of credit history.
Resolution No. 4,737, of July 29, 2019 – Provides for the provision, by financial institutions and other institutions authorized to operate by the Central Bank of Brazil, of information on the compliance of natural persons and legal entities to the database managers referred to in Law No. 12,414, of June 9, 2011, and on the conditions for obtaining and canceling the registration of these managers.
Where and how to do it
For those who have already made their decision, registering for a positive registration is quite simple and free. To help, see the list of large institutions that are providing this service;
- SERASA
- SPC Brazil
- Positive consumer
Conclusion
The positive registration is worthwhile, from all indications. If I may suggest it, I don't see why not to use it. In fact, our accounts are already known by the government (income tax, invoice with CPF, among other controls). Financial institutions (Mastercard, Visa, Banks, etc.) also have a complete description of the purchasing behavior and preferences of their customers.
So I believe that the positive registration is worth it for our financial life.
(Federal Law 12,414, of June 9, 2011, amended by Decree No. 9,936)
I hope I helped. Hugs!
Serasa Contact: (11) 3003-6300
Ed. Paul Harris – Padre Adelino Street, 2074 Store E – Ground Floor – Fourth Stop, São Paulo – SP, 03303-000
* Research Source: serasa.com.br/cadastro-positivity/
