Cell Phone-Backed Loans Are Gaining Ground Among Delinquent Brazilians Due to Their Convenience

Getting Good Credit for Delinquents Is One of the Most Difficult Situations to Achieve. However, Currently, a New Credit Modality Is Winning the Hearts and Wallets of Brazilians: The Loan Secured by Mobile Phone.

Perhaps for those who have a good salary, are organized, and have more structure, this may seem easy. But for a mother or father of a family, self-employed, or even unemployed, this may be the only solution to pay some bills and alleviate the situation a bit.

Nowadays, with inflation, taxes, and exorbitant prices in the market, it is becoming increasingly difficult for people to get out of financial hardship.

Banks and Companies Offer a New Credit Modality of Up to 2500 Reais

What do you need? A mobile phone. Based on research, about 80% of smartphones are accepted by these companies and banks. And probably the one you are holding right now can reward you with up to 2500 reais.

It’s not much, you won’t be able to take a vacation in Acapulco, but it helps. In a recent study, the average salary of Brazilians is no more than 2540 reais per month. So perhaps with this credit modality, you can settle some overdue payments or even pay ahead on future installments.

What Are the Criteria for Obtaining the Loan?

There are some criteria to be met. Many banks can facilitate this concession for those with bad credit, but they need to have a formal employment contract and earn at least the minimum wage.

The modality also applies to retirees, pensioners, and public employees. But what if I don’t pay the loan? Normally, these companies that offer credit ask you to install an app on your phone. But don’t worry, it’s just for security reasons for both parties.

If the amount is not paid on the due dates, the company activates the app and blocks most of your device’s functions, limiting it only to emergency calls. Once the payment is made, the phone returns to normal functioning.

Which Banks and Companies Offer Credit Secured by Mobile Phones?

• Juvocrédito
• Supersim
• Bompracrédito
• Finazero
• Pericred
• Bancopan
• Empréstimosim
• Simplic
• Ikiwi

Requirements vary little among companies; some prefer only Samsung, while others have less stringent criteria. But it is important to prove income, send documents, and have an accepted mobile phone by the institution.

If the proposal is accepted, the amount is typically in your account within 30 minutes.

But What If I Don’t Even Have a Phone?

The SERASA EXPERIAN offers a list of accredited companies that propose personal credit for online purchases. Just access the official Serasa website or app and browse through the credit modalities.

The step-by-step process is quite simple: by providing your details along with information about your income and profession, your chances increase, and you may receive good credit not only for a phone but also for renovations and education.