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The measure should include 2 million consumers in the state in the credit market

Minas Gerais, June 18, 2019: The new Cadastro Positivo model could inject R$ 102 billion into the economy of Minas Gerais and provide access to credit for an additional contingent of around 2 million consumers, around 10% of the population. The figures are part of the breakdown, by state, of a study carried out by the sector, at the request of ANBC (National Association of Credit Bureaus), which also concluded that, in Brazil, the new CP has the potential to insert up to 22 million consumers into the credit market, as well as more than R$ 1.3 trillion into the national economy. 

According to the extended survey, Minas Gerais, with 36.3% of defaulters, is much lower than the southeast, with 41.8% of debtors, and the Brazilian average, of 40.3%. And like the rest of the country, the new Cadastro Positivo (Positive Registry) is likely to bring about a reduction of up to 45% in defaults in the state. 

This tends to happen because the new CP will promote the automatic inclusion of all consumers, form a payment history for each citizen, whether it's credit received or ongoing services (water, electricity, gas and telephone), and establish a credit score based on this history. In other words, the model values payments made, positive data - and not just any unpaid or overdue debts. 

Comparative figures:

“The addition of more people to the credit market, the expansion of credit for those already in the market and the reliability of the credit rating as a basis for granting credit have the potential to lower interest rates on loans and financing,” observes Elias Sfeir, president of ANBC. He adds that the main benefits are social because there will be a reduction in defaults due to fairer interest rates and because stimulating the credit market is fundamental to boosting local economies and creating jobs. 

Another point to highlight in relation to the new CP is the improvement in credit for classes C, D and E. According to Sfeir, the positive credit record increases the rating of credit for around 60% of this population

ANBC Press Relations

Regina Pimenta: (11) 98136.6835 regina@pimenta.com

Ana Carolina Rodrigues: (11) 98674.0348 anacarolina@pimenta.com