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If you have active debt on your CPF for more than 5 years, pay attention!

If you have active debt on your CPF for more than 5 years, pay attention!

We all already know that Brazil is a country with a very large number of indebted citizens. In our country, there are currently about 70 million people in default. As it is also known, debts lead to innumerable negative consequences on the lives of those who are in debt. Thus, the life of a defaulter is more difficult when he is deprived of many benefits.

And if you’ve had a bad name for a long time, your debts may be identified. Understand what this means and see what can be done for your case.

Understand what happens to your debt after that period. / credit: @jeanedeoliveirafotografia / pronatec.pro.br

What is scheduled debt?

It is no secret that being in debt makes life very difficult for a person who is in default. As indicated earlier in this text, a person in case of default loses access to many of the benefits associated with credit. Therefore, obtaining financing and loans from banks or financial institutions becomes practically impossible for the debtor. In addition, private companies in the retail sector can also refuse purchases made in installments to the defaulter. This happens because the defaulter is flagged as a financial risk and is more likely to default on their debts.

And those who have CPF in negative condition always have doubts about settling their debt. Among the most frequently asked questions are questions about deductions and potential renegotiations of the total amounts of debt this person has. But, perhaps the greatest craving of dirty-named people is to describe religion. Many people may have heard of debt described, but don’t really know what it is.

If you are part of the group of people who do not deeply understand the meaning of a specific religion, rest assured! The answer is actually very simple. According to Brazilian law, a specified debt is one that has already exceeded the 5-year period.

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My debts lapse, can I be charged?

Therefore, as we can understand, the specified debt is understood as the debt that has existed for 5 years or more. And for those who still don’t know, a specific religion has a series of characteristics that differ from a common religion. So, let’s understand more about this specific type of debt!

First, it should be understood that when the debt reaches its statute of limitations, the name of the defaulter will no longer be dirty. This is because the specified debt guarantees that the debtor’s name will be removed from credit protection agencies, such as Serasa and SPC. But attention! No longer showing up on that body’s delinquent list doesn’t mean you’ve got your credit back. Those who have spent a lot of time in debt still suffer from bad credit and must adopt new financial habits if they are to improve their situation.

In addition, another frequently asked question regarding specific debt is about debt collectability. Therefore, it is worth emphasizing that Brazilian law does not allow for judicial recovery of specified debts. This means that after 5 years the defaulter is no longer obligated to settle debts that have already expired. However, it should be noted that settlements can be made out of court to ensure that the creditor gets his money back. Additionally, it should be noted that paying off a specific debt can help recover the credit, so we encourage that repayment continue even after the prescription!

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How to consult debt in CPF

Finally, those who are still in doubt about possible debts to their name can check it out on the Internet.

Nowadays it is possible to consult possible indebtedness using credit platforms and financial institutions. The most widely used in terms of practical application is Serasa.

Find out how to quickly check your debts in CERASA:

  1. First, download the Serasa app: https://play.google.com/store/apps/details?id=br.com.serasaexperian.consumidor&hl=pt_BR&gl=US;
  2. Now you need to log in with your account – if you do not have an account, press “Enter” and then “Create an account”;
  3. After creating the account and confirming it via email, log in with your CPF;
  4. Add your password and you’re done! Now go to the website and look up your score and possible outstanding debts.

If you prefer, you can also use the official website: https://www.serasa.com.br/

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