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Valid as of July 9, the new Positive Registry could inject up to R$ 20 billion into Espírito Santo's economy

The measure should include 316,000 consumers in the state in the credit market 

Espírito Santo, June 18, 2019The new Cadastro Positivo model, which comes into force on July 9, could inject R$ 20 billion into Espírito Santo's economy and provide access to credit for an additional 316,000 consumers, which represents almost 10% of the state's total population. The figures are part of a 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$ 1.1 trillion into the national economy. 

According to the expanded survey, Espírito Santo, with 42% of defaulters, has a higher rate than the Brazilian average, which is 40.3%. And like the rest of the country, the new Cadastro Positivo (Positive Registry) is likely to reduce delinquency in the state by up to 45%.  

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 registration increases the credit rating 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