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Currently, there are millions of Brazilians with a bad credit record and, therefore, they have difficulty getting a loan. After all, one of the consequences of having a bad credit record is being unable to apply for credit and other services. It is worth noting that many Brazilians find themselves in this situation. The good news is that some institutions offer certain types of credit to this group.
However, the terms are usually less favorable. After all, it is a risk that the bank takes. From the institutions’ perspective, Brazilians with a bad credit record are not considered reliable payers. Therefore, interest rates for borrowers with negative credit records are usually higher. It is important to keep this in mind before taking out loans, so that your financial life does not become a snowball effect. Keep reading this article to find out which banks offer this type of credit.
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After all, which banks offer loans to people with a bad credit record?
First of all, it is important to make clear what the implications of having a bad credit record are. As already mentioned, Brazilians lose access to a series of services, such as credit and loans. In fact, their score at Credit Score Serasa is low. The lower the number of points, the lower the possibility that the person will have access to credit.
For this reason, there are banks that offer credit to people with negative credit records. Interest rates range from 0.99% to 17% per month. The conditions depend on the amount requested, the customer, and even their relationship with the bank. It is natural for financial institutions to offer less favorable conditions to those with a bad credit record.
Check out the list of the main banks that offer credit to people with negative credit records
- Itaú
- Banco Santander
- C6 Bank
- Banco do Brasil
- Creditas
- BMG (Banco Minas Gerais)
- Simplic
- Digio
It is worth mentioning that some banks on the list also offer the possibility of advancing the birthday withdrawal from the FGTS (Fundo de Garantia por Tempo de Serviço). This option is intended exclusively for workers employed under the CLT (Consolidação das Leis Trabalhistas) system.
Is it worth taking out credit if I have a negative credit record?
This is a question many people have. If you really need money and see no other way out, loans are options for getting your finances back on track. However, you need to take some precautions. Even if you already have a bad credit record, not paying the bank can make your situation even worse.
Image: Unsplash/Daniel Dan
