Understand How Credit Analysis Is Done

When you lend your money to a friend or family member you do not get to do a credit analysis, but always expect to receive it back. Right?

With the Banks and Financials works the same way … The difference is that usually these companies do not know the person who is borrowing money.

Therefore these financial institutions perform a process called by credit analysis.

Credit Analysis – How is it done in banks and financial?

The credit analysis usually has 5 phases:

1) Request for Cadastral Data

Usually, you begin your registration information (since you are the one who is borrowing money). The most important at this time is to truthfully inform all requested data.

In addition to your identification data such as Name, RG and CPF, date and place of birth, name of the father and mother, companies that are giving the credit need to know their contact information (telephones, email and address), data about their way to make money (occupation, income and employer) and data about your spouse when you are married.

Some personal and professional references will be required for your primary data to be confirmed. Other information on the possession of some goods and means of payment are also common in the registration forms.

2) Analysis of restrictions on your behalf

Based on these data the financial institution begins the credit analysis and verifies if there is any payment pending both with the own institution and with other creditors consulting for this the famous negative records of Serasa, SCPC or others.

3) Analysis of your credit profile

In addition to this analysis, the institution assesses whether its credit profile fits the profile expected by the financial institution through a statistical technique called Credit Score (score of its data).

4) Analysis of the commitment of your income

All in all, the next step in credit analysis will be to assess your repayment capacity, where it is often checked whether the portion of the requested loan “fits in your pocket.”

For this, banks and financiers generally consider that the installment can not exceed a percentage of their salary.

This proportion varies between institutions and sometimes between person-to-person within the same institution, but is usually between 20% and 30% of the sum of their income.

5) Analysis of your documents

Finally, the institution will request its identification documents (RG and CPF) and proof of Income and Residence, and may also make some cadastral checks with the proponent and his references.

In other words, to increase your chance to have your Personal Loan approved, Good Credit suggests that you provide your information correctly, use credit wisely and always be sure that you can honor your commitments.

Discover your credit options:


»Enjoy reading some related posts:

  • 5 reasons not to let your credit proposal expire
  • Can credit be denied because I already had the dirty name?
  • 10 Reasons Why You Choose Credit at Good Credit


Online Personal Payday Loan: Know the Reasons to Apply

If you are thinking of extra credit in the market, know the loan at Good finance online now .

One of the main products offered by Good Finance is personal payday loans , a type of loan directed to INSS retirees and pensioners, as well as federal, state and municipal public servants.

One of the easiest and quickest ways to access the loan at Good Finance is online . This operation provides greater convenience since it is not necessary to move to one of the physical agencies.

In addition, it provides greater security for the applicant, as they reduce the possibilities of errors and frauds. This is because there are sites / applications that provide a secure environment for this type of operation to be successful.

Why should I apply for a Personal Payday loan at Good Finance?

In addition to the practicality of online contracting, the loan at Good Finance also provides other benefits for which it is worthwhile to hire personal payday loans.

At Good Finance, the payout of the personal payday loan is automatically deducted from the beneficiary’s monthly salary, according to the assignable margin . That is, only 30% of your income can be used to pay the installments. Thus, Good Finance has a greater guarantee that the debt will be paid, which provides better hiring conditions and lower interest rates.

The interest rates on the loan at Good Finance is one of the most attractive advantages of requesting this loan. They reach a maximum of 2.12% per month , while the overdraft fees are approximately 20% per month.

With personal payday loans at Good Finance, you have flexible payment terms. They are up to 72 months for retirees and pensioners of Social Security, and up to 96 months for public servants.

In addition, you still have the option to anticipate a certain amount of installments or the total amount of debt. In this way, it will repay the debt in a shorter term than expected, and with the lowest total amount.

The Good finance

The Good finance

Good Finance is a financial institution that has been active in the market for financing vehicles, consortiums, credit cards and investments for more than 50 years , with the personal payday loan being one of the most sought after in the financial institution. For those who are retired / pensioner of the INSS, federal, state or municipal public servants, choosing Good Finance is a good option, because it is a safe and recognized institution in the market.

I want to know more

Now that you know the reasons to apply for the personal payday loan at Good Finance, learn more about simplicity and agility in hiring this loan.

Interest Payable: Reduced rate in relation to other credit models

The reduced interest rates presented by the payroll loan are one of the most attractive advantages of this type of credit. But do you know the other options?

Clarify why low interest rates on payroll loans and what are the main personal credit arrangements contracted in Brazil.

Personal credit arrangements

Applying for a loan can be a good option for those who need extra money , either to settle an outstanding debt or to cover another expense. However, before hiring a personal loan, it is important to assess which loan modality provides the best conditions . Check below the details of the most widely granted credit modalities in Brazil:

Payroll loan

The payroll loan is a modality of credit available to public servants, retirees and pensioners in the INSS. Its main differential in relation to other types of loans is the fact that the amount of the installment is deducted from the monthly rent of the borrower.

That is, according to the assignable margin , up to 30% of the salary or benefit of the policyholder may be directed to the payment of payroll deductible credit. This way, it avoids the super indebtedness of the borrower and the financial institutions have greater guarantee that the debt will be removed. As such, banks are able to apply more attractive interest rates, if compared to other loans, and exclusive advantages.

Personal loan

Unlike other types of credit, personal loans need to undergo a somewhat more bureaucratic process in hiring . That is, you need to contact a financial institution and then wait for a credit analysis. Thus, the institution will review the possibility of granting the loan based on your account history as payer. In addition, your relationship with the market, your income and other statistics are analyzed.


Overdraft is a pre-approved credit limit on the account of a bank account holder. That is, if you neglect your current finances and you exceed your balance limit, you will possibly get the overdraft automatically.

Your account becomes negative and when any amount is deposited, the bank will deduct the loan amount along with the interest amount. Therefore, you have to be aware because these rates can vary between banks, but, in general, they are usually high.

Revolving credit card

Although many people are unaware of this information, the revolving credit card is also a kind of loan . That is, when shopping on a credit card the customer can pay off the full amount of the invoice. But if you prefer, you can only pay the minimum amount.

By choosing the second option, the bank will remove the remaining amount from your invoice as a way to avoid delinquency . Thus, you will be indirectly contracting a loan with the card issuing bank. Consequently, you will pay interest on your next bill in the month.

Loan Modal Interest Rates

Belial has prepared for you a table comparing the interest rates of the main credit modalities, and their evolution over the last two years. This makes it easier for you to choose the best hiring option.

Modality Average interest rate / 18 Average interest rate / 19
Payroll loan 2.08% 2.10% per month
Personal loan 7.60% 8.00% per month
Special Check 12.54% 12.60% per month
Revolving Credit 13.90 13.94% per month

Did you see how the interest on the payroll is the lowest and that this type of credit can be a good resource for those who need extra money ?! So do not waste time and know all the ways to hire this fast and secure payday loan modality .

Invest in Personal Payday loans!

Now various politicians including federal councilors and other market participants have borne fruit and led to strong improvements in the regulation of the Swiss financial market. On 5 July 2017, the Federal Council adopted an amendment to the Banking Ordinance to further promote companies in the fintech sector. As of 1 August 2017, unnecessary regulatory hurdles were removed. It was now possible to finance SME loans of up to one million Swiss francs from more than 20 investors, but not loans to private individuals. In these, the so-called 20-rule remained. The deadline for (license-free) processing of customer transactions has been extended to 60 days.

Largest Good lender platform with the most registered users

From 1 April 2019, loans to private individuals may also be accepted without authorization by more than 20 persons up to a total amount of 1 million Swiss francs. We have already announced this joyful news in our blog of December 3, 2018. Good lender is now subject to the Consumer Credit Act (KKG). Good Finance – as a lender approved by the canton of Zug, a financial intermediary under the Money Laundering Act (AMLA) and a member of the IKO / ZEK – fulfills all the necessary requirements and can thus pass on the benefits to the investors 1: 1.

It is important for customers to understand that Good Finance (and other Good lender providers) are not supervised by FINMA and are not banks. However, investors now benefit from the fact that a much better diversification is also possible with private loans and thus an even better distribution can be made to as many loans as possible in their own loan portfolio. In particular, investors with smaller assets will benefit significantly.

This innovation allows smaller investment assets

We are delighted that investors in Good Finance will now be able to benefit from the issued regulations for all new credit projects and to optimize the risk / reward profile for this alternative asset class. The entire Good Finance team remains fully committed to providing our clients with the best possible service for building and managing loan portfolios as a complementary investment. For questions and / or suggestions, we are always happy to help.

Your Good Finance Team!

Use credit card without getting into debt? These tips will help you!

Convenience, ease and convenience are the three adjectives that describe the credit card. However, quickly, so many qualities can quickly become the worst enemy of your budget when its use is careless.

With that in mind, here is an article that will bring you instructions on how to make proper use of the card, reducing the risks of getting into debt and paying the high interest. Check out.

  1. Read the agreement

Reading the credit card agreement not only keeps you informed about the cost of annuity and fees already specified, but also enables you to compare the services and rates of the competition. Look for the benefits and discounts offered and choose the best option for you. Many banks have their contracts on the internet, be sure to search.

  1. Align the card limit with your salary

Always be aware of the limit of your card, and preferably adjust this limit so that it does not exceed more than half of your salary, with discounts already counted. By doing this you have more control over your spending and avoid the risk of spending more than you can.

  1. Get out of the invoice minimum

Do not pay only the minimum of your card’s invoice, because when you stop paying the total invoice, an interest rate is charged on the remaining amount, which transforms a debt of R $ 100 reais into a debt of R $ 500 in the year.

However, if you can not afford the total debt, look for other alternatives, such as negotiating debt and lowering the monthly installments, or even borrowing money.

  1. Concentrate your purchases

Avoid surprises when it comes to clearing your debts with only one card. Restricting your use makes it easier to organize your accounts and also helps you save money by reducing your annuity rates and others.

  1. Think before you buy

Or simply, do not buy on impulse. Speaking sounds very easy, but it is in practice that it may be tempting to get that product in the promotion, but without any importance to you. If necessary, take a radical approach and let me credit my credit card at home when I leave.

If you still can not be without the card, before actually buying the product, go home and give the period of at least one day to reflect if that purchase really will be useful.

3 + 1 Financial Ideas for 30s

Today’s 30s have found themselves in a very difficult situation. They are the special generation in Hungary who pay the current pensions so that they themselves should be put aside. They are the ones whose wages are rising to an unprecedented level, while their housing is getting harder. What is this madness and how can it be mixed up?

# 1 Pay tax on yourself

There are some qualities in our lives that we cannot change. Examples of such features include the amount of taxes and contributions payable. At the individual level, everyone manages their own money.

The average 30’s have been in an amazing life situation, whose salaries have risen sharply in recent years, who can get a lot of state support. But they are also the ones who would have to pay double the pension (for themselves and for the current pensioners), whose housing may become more and more unpredictable.

The concept of own tax

Something to do with this situation. The best solution is to set up your own financial strategy for the next 25-30 years. Many fear that they will not see the future. No one sees it, that’s why we need to draw the contour lines first in the financial strategy , then color the plan on the go.

The smartest thing is, if we pay our tax on our income, we realize our primary goals. It depends on your life situation and your income. I don’t want to write a number because it makes no sense. Instead, my best advice is to deduct fixed expenses from revenue and take a portion of the remaining amount separately each month.

Primary Goals : Ranking our goals is essential if we do not have unlimited wealth. The primary goal can be a car, flat, childrens, child raising, retirement.

# 2 Load-free apartment instead of a lifeless life

The parents of the 30th generation today were the generations of credit criminals who were caught up in such loans. They basically had no one to learn the basics of responsible credit management .

That’s why the most important goal of today’s 30’s is to get rid of housing loans as soon as possible. To do this, they subordinate all other goals and thoughts. They do not notice the damage they cause to their own wealth.

Responsible Credit Management : It is worth taking up credit for value creation. If we can use this money appropriately, we will generate money for ourselves in addition to the interest.

The unconditional life condition is MONEY

The most basic guideline of money is that it is made entirely of money. If we use zero forint, we will have a zero forint. If we use 10,000 forints, a fraction of $ 10,000 will be our profit. If we spend 10 million forints, a fraction of 10 million is our surplus.

That’s why I recommend every 30 that they try to use their capital instead of a burden-free home to earn a long-term income, which will be an essential condition for a life-free life.

What I mean? I have made a lot of calculations to make more money using smart money to build up a loan-encumbered real estate + revenue source, in combination with an extra income source that works with 10 years of unencumbered real estate (in which we live = we are on our property).

# 3 It’s too early for a gate shutdown panic

How interesting? While childbirth is out, the gate panic is reaching out to younger people. I see more and more 30 doing gate panic action.

And this is the most destructive financial step we can take against ourselves. Nowadays we have to talk not only about “everything in vacation”. There’s a “all-in-one sports car,” “all-in-one dressing,” “all-in-one chatter,” “partying into everything.”

Self-realization or self-destruction?

The symbol of the 21st century is self-realization. But are we really self-realizing or a whole generation of systematic self-destruction? It is a very difficult question that goes beyond the limits of finance. In financial terms, however, the direction is clear: to survive the uncertain future for a secure present.

I see more and more 30 people who look much better than the average, but they don’t dare to set aside $ 20,000 a month in the long run as part of the financial strategy. They are so focused on the present that they forget to deal with the future.

The consequence can be a disaster if this approach does not change. It is always the most expensive thing I want to accomplish now and the cheapest that will be next week.

Let’s look at an example

You want to paint your apartment sometime. To do this, you need a paint (say 4 boxes) with a price of 7000 HUF / box. If you want to paint today, you will buy toner today for $ 28,000. True?

However, if you plan ahead, you will definitely have a period when you can get the toner for 5,000 forints. It would be worth buying in advance for $ 20,000. In this example you won 8,000 forints, which is a 28.5% profit. You say that only a few thousand forints, what matters. We will now project it for the next 15 years of your life when you look for $ 90 million.

28.5% of this is $ 25,650,000! That is, due to the bad mentality, you will fall below the price of a Budapest apartment in 15 years…

Real estate loans of insurers now also with Good Finance promotion

More and more home builders and homebuyers are choosing home loans for loans offered by insurers. In recent years, some insurers in the field of real estate financing have gone right through.

Integrate promotional loans from Good Finance

Especially when it comes to larger loan amounts and potential buyers can offer a good loan, insurers are attractive lenders.

However, insurers have so far had a competitive disadvantage vis-à-vis banks and building societies. This is the lack of opportunity to integrate promotional loans from Good Finance. This is an important point for many interested parties: especially builders do not want to miss this opportunity. As a result, insurers sometimes lost out.

Offer appropriate financing

But this has changed in the past week. Since the end of April, insurers have also been in a position to integrate Good Finance funds into their home finance offerings. According to the German Insurance Association (GDV), there are even first insurers offering Good Finance.

In view of the great potential which this opens up for insurers, other insurers are likely to jump on the bandwagon within a very short time and offer appropriate financing. In general, these are good prospects, after all, this development inevitably leads to increased competition.

Our mortgage lending experts screen the market for suitable mortgage lending

Potential borrowers should therefore seize the opportunity and ask insurers for financing offers. However, it is not to underestimate the associated effort. But the number of direct providers, who are known to offer particularly attractive terms, is already very impressive. Clever prospective customers therefore use our free comparison service: our mortgage lending experts screen the market for suitable mortgage lending, whereby the conditions of numerous insurance companies are automatically taken into account.