In an innovative initiative, Nubank launched a specific solution to meet a growing demand among Brazilians: access to credit from those with bad credit.
We present the “Nu Limite Garantido”, a fintech function that offers users with financial restrictions the possibility of obtaining a credit limit of up to R$1,000,000.
This modality is intended to facilitate access to credit for those with a bad credit rating, following a fintech trend of seeking inclusive solutions.
How does the Nu Limite guarantee work?
The innovation behind this new service is that Nubank does away with the traditional credit checks that usually prevent people with bad credit from being approved. Instead, the fintech is betting on an alternative that uses the customer's own investment in Nubank as collateral.
This means that by reserving a certain amount in RDB (Bank Deposit Receipt), which yields 100% of the CDI, the customer can have access to an extra limit on their credit card, in a simple and bureaucracy-free manner.
Step by step guide to accessing Credit at Nubank
Getting this extra credit from Nubank is a straightforward process that aims to financially include those who are outside the credit market. See how easy it is:
- Open the application from Nubank and go to the credit section;
- Select “Adjust limit”;
- Choose the “Guaranteed Limit” option and define the amount you wish to reserve as a guarantee;
- After confirming the transaction, your credit limit will be adjusted immediately.
Tips for making the most of Credit for People with Bad Credit
To maximize your chances of increasing your credit limit, some financial behaviors can show Nubank that you are a reliable customer. Here are some tips:
- Payment History: Keeping your invoice payments up to date is essential;
- Updated Income: Make sure your income is updated in the app to reflect your true financial capacity;
- Frequent Card Use: Using your Nubank card regularly for purchases shows that you are an active customer;
- Full Invoice Payment: Paying the full amount of the bill monthly, avoiding interest, indicates good credit management;
- Advance Payment of Installments: Showing that you are able to pay outstanding installments in advance may favor a positive evaluation for increasing the limit.
The creation of “Nu Limite Garantido” highlights Nubank’s commitment to promoting financial inclusion, offering innovative products that meet the needs of all customer profiles, including those negative.
With this initiative, the expectation is that more people will be able to benefit from access to credit, an important step towards financial recovery and economic autonomy.
