Credits Creed for Negatives and Their Traps

The number of delinquent people in Brazil has been growing day by day, today there are millions of people in this situation in our country. And precisely when you are in this situation the search for credit becomes the main solution to settle accounts and “clear” the name.

However, you must be very careful when seeking credit when your name is negative.

Some financiers have gained prominence by offering this type of credit, and we can cite the crevice here. Theoretically, it would be great news for all those who are looking for this type of credit to have a Astro-sized financial company to help them, right? Wrong! We will detail for you some precautions regarding the negativity credit crevice.

Astro Credit for Negative

Astro Credit for Negative

Astro is a financial institution whose main focus is personal loans, in 2015 it posted a profit of over one billion reais, which caught the attention of everyone in the market.

Some years ago this financial company also stood out for facilitating credit for negatives .

However, you must be very careful when looking for the credit for negative credit, the interest rate practiced by this financial is extremely high!

To give you an idea, in a $ 7,000 negative credit crunch loan simulation to be repaid in 12 installments, the total repayment amounts would be 100% higher than most banks and financiers operating in Brazil.

Unfortunately, this is the high price Astro charges for those who are negative.

It is also worth noting that Astro does not offer credit to negatives in the following situations:

  • People who do not have a formal license.
  • Autonomous people.
  • People who are unemployed.

Search and Inform

Search and Inform

If you are looking for credit and have the name “dirty”, be sure to research this type of credit before closing a deal and signing anything.

Remember that lenders and banks working on this type of loan take a higher risk, so they do a very strict analysis before releasing the credit. Thus, installment maturities are generally stricter than those offered by other types of loans.

Also be sure to pay close attention to the interest rates on offer, and try to take in small installments so that you have full ability to honor the commitment you make.

The Disadvantages of Credited Creed for Negative

The Disadvantages of Credited Creed for Negative

Founded in the 60’s, today Astro is one of the largest financiers in Brazil, offering personal loans to retirees, pensioners and civil servants. For some years Astro has been standing out in the domestic market for facilitating credit for negatives, attracting many customers who are currently restricted on credit.

Unfortunately, Astro is also one of the financial companies that offers one of the highest interest rates in the domestic market. The personal loan rate for Astro averages 20.06% per month or 796.74% while the national average is 3.79% per month or 56.29% per year (financer.com). This demonstrates how expensive it can be to apply for credit at the crepes.

We will highlight for you some important points about Astro credit for negatives, so that instead of solution this does not become an even bigger problem for your pocket.

Disadvantages of Astro Negative Credit

Disadvantages of Astro Negative Credit

  • High Interest: On average, the interest rates charged on loans offered by Astro is the second highest in the Brazilian market, well above what is practiced in Brazil according to samers
  • The amounts released in Astro credit for negatives are very limited.
  • There is no 100% online platform for hiring Astro credit for negatives .
  • Fees: There is not a “registration” fee that is very present in other financials, but you should be aware of any extra fees before signing anything.

Credit for negatives is offered only by lenders, as its name says, it seeks to “help” people on delinquent lists who want to clear their name and find it difficult to get credit at banks.

Because of the risks taken by the financial companies that work with this type of service, they end up charging extremely high interest rates. The Central Bank does not discriminate the average interest on this type of credit, so we can easily find rates above 20% per month.

It is also worth noting that Astro credit for negatives is not offered in the following situations:

  • People who do not have a formal license.
  • Autonomous people.
  • People who are unemployed.

Be sure to Search and Inform

If you are looking for credit and have the name “dirty”, be sure to research this type of credit before closing a deal.

Remember that the financial companies that work with this type of loan take a higher risk, and therefore make a very strict analysis before releasing the credit. Thus, installment maturities are generally stricter than those offered by other types of loans.