5 Tips To Renegotiate That Old Debt

The economic situation of Brazilian families is not the best of all worlds, the 60% of families remain indebted and many do not know how they will be able to pay them off and finally clear their names. But the solution is not to despair. Several experts point out that it is best at this time to renegotiate debt and plan to be able to pay and create a reserve.

Did you know?

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When a consumer has a debt in arrears, the company may inform credit protection entities such as the POLI or Saraha. This can be done the day after the debt matures. The credit protection company informs the consumer by warning that he may enter the delinquent register, ie “his name will be dirty”, and has a 10-day deadline to repay the debt without entering the register.

When the consumer repays the debt, the lending company has five to report to the credit protection service. This rule also applies to when the consumer negotiates the debt.

Tips on how to renegotiate debt


With that in mind, we’ve created a guide with tips on negotiating your debt to help you, showing you what this world of credit is and what you should be aware of.

1. Know your real situation

To find out if you have the dirty name, you can look in some institutions. Examples are:

Boa Vista SCPC: The Central Credit Protection Service (SCPC) is a service currently administered by Boa Vista Services. The addresses and opening hours can be found on the website.

On the company’s own page you can check your social security number. Another way to research your situation is through Saraha Experian . Saraha also allows you to check the status of the CPF over the internet. The entity has the service Clean Name, which allows consumers to consult if they have debts and close a renegotiation agreement on the site itself.

2. Inquire!

Brazilian banks signed a booklet of new, more flexible rules, the Debt Handling and Negotiation Policy.

This new policy was proposed by Febraban (Brazilian Federation of Banks). That is, banks must facilitate debt negotiation. With this new policy, in order to avoid default, banks will have policies to monitor indebted consumers , with the adoption of active and preventive measures, as well as actions aimed at financial guidance.

3. Late store booklet

Carnê is the second biggest reason for Brazilian debt, second only to the credit card. To negotiate a booklet is know what your real debt is. If you are not sure how much you owe, refer to the information in POLI or Saraha.

Be prepared because the value can often be higher than expected: Stores charge up to 1% monthly interest on arrears, plus a fine of 2% of total debt.

Credit card: the biggest villain in the Brazilian financial life


An unlimited credit card is every consumer’s dream! But even today people forget that invoices have to be paid on a regular basis and that paying the minimum amount can end up becoming a snowball.

Go to the bank branch or financial institution providing the credit and talk in person. This is when you will be able to talk about alternatives, bargains and make a deal that is right for you. Do not give in to the calls of the financial, because you need to think and review your ability to pay.

Keep an eye out for abusive practices commonly used to renegotiate debt, such as requiring you to purchase insurance to negotiate a credit or that your current account debt is greater than 30% of your monthly income. That is: if you earn $ 1,000 net, the total amount of the debt cannot exceed $ 300 or $ 350.

Trading aids

The Right Agreement bridges creditors and debtors. The platform offers online options to pay off debts and clear the name quickly. The site’s partners include Pasil Bank, the Tricard card, operators NET, Claro and Embratel, and vehicle monitoring company Carsystem.

I already want to Quitar! promises to help you renegotiate debts in just 10 minutes, getting deals at a discount of up to 80% of the amount due. If the company to which you are due is not a platform partner, you can register a proposal on the site so that I want to contact the lender.

The Annual Bank, formerly HiCredit, already has more than 500 thousand agreements. The company has invested in technology and sends personalized emails to clients to notify them of their debts. In general companies charge 2% of the debt value as a “fine” to the negotiation. Pay attention to whether the agreement you are making is within your means of payment.