Apply for a loan even if your name is dirty: find out about guaranteed or payroll loans, compare rates and learn about 5 banks that offer credit for the unemployed, with tips on how to avoid bigger debts.
What does it mean to have a bad name and how does it affect credit?
Being with dirty name means that the CPF is registered with credit protection agencies, such as SPC or SerasaThis is due to unpaid debts. This annotation reduces the credit scorewhich is used by banks and financial institutions to assess the risk of lending money.
When the score is low and there are delinquency records, it becomes more difficult to get credit and, in many cases, more expensive, as institutions increase rates to compensate for the risk.
The debt scenario in Brazil
According to National Trade Confederation (CNC), 80% of Brazilian families are in debt. Data from Serasa (Aug/2024) show that they are 67 million Brazilians in defaultadding up to debts of more than R$ 289 billion.
- 28% of debts come from banks and credit cards.
- 72% come from consumer bills (energy, telephone, water, bills).
This reality puts pressure on institutions to be more selective, but it also opens up space for specific financial products for people with credit card debts.
Is it possible to get a loan with a bad name?
Yes, but you need to know the right methods and be willing to offer them guarantees or have proven income. Many lenders use security mechanisms, such as payroll consignment or assets linked to the contract, to reduce the risk and make approval feasible.
Loan types available for people with a negative credit score
1. Payroll loans
- How it works: automatic deduction of the installments directly from the salary or benefit.
- Advantages: low interest rates and a greater chance of approval.
- Public: retirees, INSS pensioners, civil servants and CLT workers from partner companies.
2. Loan secured by real estate
- How it works: the property is sold until the end of the contract.
- Advantages: high values, terms of up to 240 months and low interest rates (from 1.09% p.m. + IPCA).
- Risks: in the event of non-payment, the property may be auctioned.
3. Loan with vehicle guarantee
- How it works: the car or motorcycle is used as collateral.
- Advantages: quick release, interest from 1.49% p.m., terms of up to 60 months.
- Note: the vehicle remains with the owner, but with a restriction on the document until it is paid off.
4. Pledging goods
- How it works: jewelry, watches and other valuable items are delivered as collateral.
- Advantages: there is no consultation with SPC/Serasa and release is almost immediate.
- Disadvantage: if you don't pay, the property goes up for auction.
5. Anticipation of FGTS
- How it works: advance payment of the anniversary draw or notice of termination.
- Advantages: lower interest rates than personal loans.
- Public: workers with an available FGTS balance.
Banks and finance companies that offer credit to people with credit problems
- Creditas - Specializes in loans secured by property or vehicles and private payroll loans.
- sweet - Operates with payroll loans and FGTS for retirees, pensioners and CLT.
- Crefisa - Provides loans without consulting the SPC/Serasa for INSS civil servants and beneficiaries.
- Serasa Credit - Platform that compares offers from different institutions.
- Pericred - Bank correspondent with credit via electricity bill, account debit and FGTS.
Interest rates: what to expect?
- Consigned INSS: from 1.29% p.m.
- Property guarantee: from 1.09% p.m. + IPCA.
- Vehicle warranty: from 1.49% p.m.
- People without guarantees: average of 7.94% p.m.
- Revolving card: above 14% p.m.
Tip: always ask for the CET (Total Effective Cost) to know the real amount you will pay at the end of the contract.
Take care before hiring
- Plan ahead: calculate if the installment fits into your budget.
- Compare offers: search for more than one institution.
- Read the contract: understand taxes, insurance and fines.
- Check authorization with the Central Bank: only contract with regular companies.
Strategies to increase your chances of approval
- Offer real guarantees (property, vehicle or FGTS).
- Show proof of income stable.
- Opt for payroll deduction.
- Reduce existing debts before applying for new loans.
How to use your loan wisely
- Swap expensive debts for cheap ones: quite a few cards and overdrafts with high interest rates.
- Invest in something that brings returns: own business, renovations, studies.
- Avoid committing more than 30% of your income to installments.
A new beginning is possible
Having a bad name doesn't mean that all doors are closed. With the right methods, planning and conscious use of credit, it is possible to get out of default and rebuild your financial reputation. There are options, but the key is choose with strategy and responsibility.
Lucas, a 25-year-old from São Paulo, has found a vibrant space for his passion for games and technology in the Roblox universe. Owner of a blog dedicated to the platform, he dedicates himself to exploring the various virtual worlds, sharing tips and news, and analyzing the technical aspects that make the Roblox experience so captivating. His ability to write engaging articles turns his passion into valuable content for other enthusiasts. Living in São Paulo, Lucas reconciles his life in the metropolis with the creation of online content, building a bridge between the digital world of games and the world of technology.
