Make credit card with dirty name ? It’s possible? The credit card industry that was already strong in Brazil became even more voracious, in recent years the results of this growth are truly surprising. In a country that is already heavily saturated with so much plastic, each year a few million new cards are released to increasingly ineligible customers, and this has become more and more frequent.
In a financial universe where interest rates tend to decline, credit cards continue to be a very, very lucrative asset class for credit managers, banks, financiers and credit unions that customers.
As the credit market grows even in an unlikely situation with which we live, they inevitably expand their appetite for credit risk, now pursuing clients with low credit scores, poor credit history, name restrictions, credit to negatives with limits until they are reasonable.
Credit card with dirty name is it worth it?
We have a revolving credit system that ensures the debt is omitted every five years. Most negative credit information comes from the credit reports of Serasa Experian, Boa Vista (SCPC) and SPC Brazil after five years. Although defaults left internal scars on institutions, they seem to be slowly disappearing. In many cases, the same people who are past borrowers are returning to the banks and they are ready to cede new credit cards until no consultation and lend some money.
Some companies like Nubank have created a scenario where credit card companies are living with a new type of competitor, including fintechs in the lending segment. Today we have several lenders in the market such as lending clubs, P2P lending, Crowdfunding who are stealing part of this market, focus are the low income customers with problems in the name but who can be profitable by applying fees for services and fees interest rates.
Credit cards, card with digital bills
However, credit card companies and digital accounts have a very subtle but aggressive marketing that are becoming true dirty name credit card machines conquering thousands of new customers every day. Today shopping with department store card is the most common thing to see.
Credit card is unique product that everyone who have in the portfolio, knowing this, credit companies sells them as a smart ways to spend money in this way, credit cards have slowly attracted more and more people to take out debt and still feel happy about it. Until they become accidental customers.
While the federal government seeks to create instruments that stimulate income creation, even with unorthodox models such as the family loan loan and the family credit card portfolio, private banks emphasize with cynical appeals like conscious but rational credit to borrowers in false hope that they can save a little money. Meanwhile, credit card companies are tempting people to spend more and more.
Dirty name clients are extremely profitable
In the real world interest rates are lowering, however, credit card companies are positioned in a unique way to generate significant financial returns. Credit institutions enjoy very low financing costs while with the risk claim, customers squeeze extremely high interest rates.
As financing costs increase, the borrower’s interest rate falls. For example, Crefisa still generates loan agreements with interests of up to 21% and others such as Simplic are 16% per month and MoneyMan idem.
How to apply for a credit card with a dirty name?
Our intent with this article is not to teach you how and where to find or make a credit card with dirty name, or credit card without consultation, we want you to think about how credit cards are sold to understand the resilience of the revenue margin liquid.
Cards are usually sold as smart ways to make payments but are not, especially prepaid or virtual credit cards.
It is a fact that there are several cards that are supposed to be easy to approve even when your CPF and name are restricted, but these lines of credit are out there to tempt people to spend more than they should, and they often work like idea was sold.
The truth is that they are interested in the famous accidental users who do not compare interest rates, fees and cost of use of money eg you deposit $ 100 on your card, if you repent, pay $ 5 to withdraw your money and gets in the injury receiving only $ 95.
If you really want to apply for a dirty name credit card, take advantage of the alleged credit card benefits with restraint, and get into the wave of the moment that are credit cards with negative name, consider whether it really is worth you to put this type of plastic in the wallet just to say you have a card.