Debt and account: do you know the difference between these terms?
Discover once and for all the difference between debt and account.
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Account and debt: after all, what is the difference between these two terms?
When checking your CPF with a credit protection agency, we often come across offers to negotiate debts.
Obviously, avoiding debt or paying it off once and for all is a major concern for consumers.
However, some people confuse a negative debt with an overdue bill.
With that in mind, in today’s article, we’ll explain exactly what these terms mean.
Read on to find out more!
What does it mean to have a negative debt?
A negative debt is an unpaid debt that has been registered with a credit bureau, such as Serasa.
In other words, the name and CPF are negative.
Every bill has a due date. Failure by a consumer to pay a bill within the established deadline may result in a negative debt.
It is important to remember that this process does not happen overnight. Typically, the creditor sends notices to the consumer about the outstanding debt.
In this way, it sets a deadline (which is generally 30 days) for the regularization of the financial issue.
By not meeting the deadline, the individual will have overdue and negative debts.
With negative debt, the consumer will face several difficulties, such as difficulty obtaining lines of credit, loans, a drop in the score, among others.
What is an overdue account?
Unlike negative debt, an overdue account simply means non-payment of a debt.
As you already know, every bill has a due date for payment.
This means that the overdue bill is considered an outstanding debt, but has not yet resulted in your name being negatively impacted.
A person may have debts registered with Serasa and other outstanding financial obligations. However, this does not mean that the outstanding accounts have already been registered.
This confusion often occurs because when consulting the CPF in a credit protection agency, consumers may come across suggestions for an agreement to negotiate outstanding debts.
What is the difference between debt and bill?
A bill is a financial commitment that you will have to pay at some point.
An overdue account is an outstanding debt that should have been paid, but has not yet generated a negative entry.
Negative debt may result in the CPF being registered with agencies such as Serasa and SPC.
This debt resulted in a negative CPF, that is, it left the consumer with a “bad name”. When these debts are paid off, the consumer will have a clean name again.
Bad credit rating: how do you know if your CPF is negative?
The most practical way to find out if there is any debt in your name is to check your CPF on Serasa.
Therefore, go to the Serasa website and click on “Check CPF for Free”.
Register on the platform. If you have just registered, you will need to confirm your email address.
Log in and then click on “My CPF” and check if there are any pending issues in your name.
As you can see, this process is very simple and completely free!
Is it possible to pay the bill and still have a negative credit rating?
As strange as it may seem, it is possible that the consumer may encounter this situation.
This happens because sometimes the company does not record the payment of the financial pending, implying that the consumer has not yet paid the bill.
First of all, it is important for you to know that you must look for your rights.
According to the Consumer Protection Code (CDC), the creditor has a period of five business days to remove the consumer's name from default.
The count starts on the date of payment of the debt.
If you are in this situation, contact the company. Gather all payment receipts and details.
If necessary, you can contact agencies such as Procon.
Name wrongly blacklisted: what to do?
A negative name occurs when the consumer defaults on some payments made in his/her name.
An unduly negative name occurs when a company includes an individual's name in credit protection agencies, without the debt existing or when it has already been paid off.
With a negative rating, the consumer can be harmed in several ways, because as we said, he will have difficulties in accessing credit lines, financing, among other services.
If you discover that your name has been unfairly blacklisted, collect all the necessary evidence. After all, unfair blacklisting is considered moral damage.
Once you confirm that the registration was incorrect, contact the company in question and ask for your name to be immediately removed from the bad debtors' registry.
Check out some common situations where your name is unfairly blacklisted:
• Account paid: There are cases in which the name remains on the negative list even after the consumer has paid the bill or negotiated the debt with the institution.
• Non-contracted service: In these cases, there is no relationship between the consumer and the debtor. In fact, depending on the situation, the consumer may have been the victim of a scam or fraud.
• Cancellation of service: occurs when the consumer continues to receive charges for a service that has already been canceled. These inappropriate charges can generate an active debt, which causes the consumer to have their name unduly blacklisted.
In the event of a negative rating, the customer can demand that the company clear their name and restore it. the credit score.
Additionally, depending on the situation, the consumer may receive monetary compensation.
How to pay off negative debt?
The indicator is to contact the company to carry out a negotiation process.
After paying the debt, the consumer's name will be cleared within five business days, even for payments in installments. In other words, after paying the first installment, the name must be removed from the list of debtors.
Conclusion
As you can see, there is a difference between a negative account and a negative debt.
When you reach an agreement with the creditor and start paying the outstanding debt, in just five business days, your name should be clear again!
