Positive Registration: how to use your credit history to your advantage?

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What if credit institutions could make more assertive and fair analyses of a customer's payment behavior? With the Positive Registry, this is possible!

With the database, consumers and companies of all sizes that were previously unable to access products, services or loans due to low scores or lack of information in credit bureaus now have a new way of being evaluated.

Below, we explain more about the advantages of the indicator for individual or legal clients – yes, both can benefit!



What is Positive Registration?



The Positive Registry is a kind of “financial resume” for vnpay database and legal entities. It provides a complete overview of the payment history and punctuality of consumers and companies – and not just what they may owe.

The database gathers, for example, information on credit card bills, loans and financing, transactions with suppliers , as well as bills for ongoing services – energy, water, telephone, educational fees, etc.

Market behavior is then transformed into a credit score, which makes up the Score . The more positive information a customer has, the greater the chances of increasing their “rating”. In the content of this link , we explain more about the importance of the score for credit analysis!



How is data entered into the database?



Approved in April 2019, the new Positive Registry Law stipulates that the sharing of information from all citizens and companies is automatically incorporated into the system.

Banks and companies are responsible for including information on the list of “good payers”, which occurs without prior authorization. This already happens in the negative registry, that is, in the list of defaulters of the credit bureaus.

But if you or your company do not want to share your history, you can request that it be deleted from the database! Simply go to the Consumidor Positivo website , from Boa Vista SCPC, and request cancellation.



Is the privacy of my information protected?



When we talk about sharing payment data, it is important to emphasize that the Positive Registry is in accordance with the General Data Protection Law . In other words, companies that consult your CPF or CNPJ will only have access to information necessary for credit analysis.

Likewise, banks or financial institutions that provide data only inform the amounts paid, never confidential information. The queries do not include, for example:



Your salary (how much you earn, when you receive it);
Your retirement (amount, due date);
Your bank balance (how much you have in your checking account, savings account or other investments);
Credit card limit ;
Details of your credit card spending (where or what you purchased).


Furthermore, access to the database is only permitted for credit analysis by companies and for the holder of the CPF or CNPJ. For individuals, Boa Vista provides free consultation of the score and Positive Registration, allowing the consumer to monitor their score. Click here and find out more !



What are the benefits of being part of the Positive Registry?



For individuals, the benefits include:



To be recognized as a good payer;
Have your payment history in your favor: creditors can evaluate what you pay and not just the debts you may have;
Greater chances of obtaining credit and financing, in addition to lower interest rates and terms suited to your profile.