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The debts have accumulated, you have a “dirty name” and now, just when you were planning to buy an apartment, you are afraid that this will interfere with your plans. But after all, who has the negative name can finance a property? We will explain in this article whether banks provide mortgages for those with a “dirty name”, and how it is possible to fix your financial life to get credit.

In this text, we will also address the following issues:

After all, how can a negative person finance a new property?
How do I know if my name is on the SPC?
What does it mean to be negative?
Financing for negative people: how to get it?
Can those with a dirty name finance property at Caixa?
How to clear the name so as not to ask for a negative loan?
After all, how can a negative person finance a new property?

A buyer with a negative name usually cannot finance a new property with a bank, whether public or private. Financial institutions, before granting credit, do a sort of scan of your CPF in databases of credit protection entities, such as SPC, Serasa and Boa Vista. There, banks check which debts are tied to their name.

They also check in these records how your credit score is. This is an index whose score ranges from 0 to 1,000, and the closer to the maximum value, the better your “reputation”. It takes into account information provided by companies, service providers and credit granting institutions. Values ​​are calculated according to the internal formulas of each credit protection agency.

A person with a negative CPF cannot finance property because the bank always wants to reduce the risk of lending money to a defaulting customer. In this way, it evaluates these records and also the so-called internal restriction lists, which are set up by the banks themselves based on data from the Central Bank (through the Credit Information System).

In these lists, debts are registered even if they have expired in other databases. According to the Consumer Protection Code, a debt registered in these registers expires in five years. But that doesn’t mean that you don’t have to pay it, but that it stops appearing in SPC and Serasa databases, for example.

How do I know if my name is on the SPC?

To find out if your name is on the SPC, on Serasa or on the Boa Vista registry, you should consult each of these portals and check the pending items that appear in your CPF. In some of them, such as Serasa, consultation is free. You only need to inform some data, such as e-mail and date of birth (in addition to the CPF, of course). The verification of debts is also free on the Boa Vista website. In the SPC, the consultation costs R$ 16.90.

What does it mean to be negative?

“Being negative” means that you are in default, and this information appears in your CPF. It could be that these debts are unpaid bills (even telephone, electricity and water), installments of credit operations that were left open (such as personal loans and financing) and installments of purchases that were not honored.

The negative name refers to someone who has a “negative” balance to pay debts. But it is common to see mentions of “people with a dirty square name”. This expression comes from the time when, without any centralized registration, much less computerized, merchants who sold products “on the sham” gathered in public squares to share the names of those who did not pay for their purchases.

According to data from Serasa Experian, 61.4 million Brazilians had a dirty name in December 2020. Despite being a worrying figure, the total number of defaulters fell 3.1% compared to the same month of the previous year, representing the lowest total number of negatives since the month of June 2018.

Exame Magazine video explains: is it possible to finance a property with a negative name?
Financing for negative people: how to get it?

A mortgage loan for negative is unlikely to be obtained. One exception was the Minha Casa Minha Vida program. In Track 1, aimed at families with a monthly income of up to R$1,800, it was possible to be awarded a housing unit even with a dirty name.

For these people, the government subsidized up to 90% of the property’s total value, leaving the buyer only fixed monthly installments ranging between R$ 80 and R$ 270. In 2021, Minha Casa Minha Vida was renamed and reformulated by law, and now it is called Casa Verde e Amarela.

With the change, the maximum subsidy is now R$47,500, and no more than 90% of the property’s value. Buyers of low-income properties will also have to pay interest-bearing installments, albeit reduced. Thus, it is still necessary to observe how the program will behave in relation to the inclusion of negative people in the lower income brackets.


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