Clipping of news on Brazilian Culture, Law and Citizenship
08/03/2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Proposal that consumer with clean sheet would have more attractive rates is only the promise
LUISA BRAZIL
Rio - Created two years ago in order to cheapen the interest for the good payers, the Positive Credit has not picked up in Brazil. The database was regulated as public policy in August 2013 with the proposal to provide the credit history of consumers registered for financial institutions and retailers. At the time, the promise was that people with clean sheet in the square could get more attractive interest rates on various forms of financing, as they would offer less risk to lenders. In the composition of interest, the risk of default has weight ranging between 25% and 30% of the rate applied in granting credit.
In theory, the registration would be a relief for those who are good payer. But in practice, companies that offer money yet do not make use of the data so that the Brazilian remains hostage to rampant interest. On Wednesday, the Central Bank launched a new round of rise in Selic, which reached 14.25% a year, pushing the product rates as the credit card, overdraft and personal loan.
Since 2013, membership has attracted about 2 million memberships. The number is considered low on the economically active population of Brazil, which is around 102 million people. The reasons for the slow range. For the two companies managing the register, Serasa Experian and the Boa Vista SCPC, the biggest obstacle is the need for user authorization to join the register. In the management vision, Brazil should have adopted the model used in other countries, where the inclusion in the register is automatic and the participant asks to leave, if desired.
"Since the issue of law which determined that the transaction was conditional upon the registered authorization, we understood that this would be a major barrier to the register is magnified quickly," said Dirceu Gardel, legal director of Good Views SCPC services.
For him, the lack of knowledge of the database makes it difficult to capture consumers. "People have a great fear that others see current account information from them, from income tax. But what is seen is only the credit history ", he explains.
Fernanda Monnerat, positive list manager at Serasa Experian, also knocks on the lack key. "It's a new process, people are unaware. And we have a problem of financial education, "he says. She says that the increased penetration of Serasa's funding is in class C. "This slice entered the consumer market in the last decade, experienced a moment of frenzy and is now seeing the consequences. She's got a big appetite to learn how to improve their situation, "he says.
Miguel de Oliveira, executive director of the National Association of Executives in Finance Administration and Accounting (Anefac), the economic situation also explains the stagnation of Positive Credit, as banks are slowing the pace of lending.
"The registry only works in good economic environment. In a recessionary environment, high interest rates and the income of committed families, there is a lack of interest of the institutions. From the moment that the country return to growth, banks are going to take more interest in the tool, "he says.
Credit history helps in granting time
Despite the delay in acquiring customers, the positive list of managers predict the success of the policy in a few years. They believe that in the future the database will have more complete information, full-bodied, attracting more interest from financial institutions.
According to Fernanda Monnetar, the tool also has the potential to promote inclusion in the credit system. "We can think of new forms of lending. There are self-employed who have no proof of income. Signing up is a way of showing that he has financial power, even without a paycheck, "he says.
The operation of the register would come in handy at the moment. According to Anefac, credit card interest rates have reached a 12.54% per month in June, representing 312.75 %% per year. According to the monthly survey of the association, the six surveyed types of credit were increased.
After the card, the highest rate is that of the overdraft, which charges interest of 10.01% per month (214% per year). The lowest were found in the vehicle financing, at an average of 2.1% per month.
Consumer data security suspects
In addition to the lack of knowledge about the positive list, mistrust on the security of information also hinders the progress of adhesions. "The issue of privacy also concerns us because we do not know how information sharing is done," says Maria Inês Dolci, coordinator of Protest.
According to Fernanda Monnerat, Serasa, the company is certified by ISO 27001, an international standard for information security. "We opted for this certification to pass confidence for consumers of data," he says.
According Dirceu Gardel, the Boa Vista, the registration of managers also take precautions so that companies that provide credit does not use the data improperly, causing indiscriminate advertisements.
"The law prevents the sale of information block. A bank, or a telephone company can not ask us about all the inhabitants of São Paulo, for example. From the moment the company has or wants to have a relationship with the customer, it gives me the CPF for me to make the information available, "he explains.
Source: The Day
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This article was translated by an automatic translation system, and was therefore not reviewed by people.