Month: April 2019

5 Financial Tips To Start A Business Or Work At Home


Starting a business or work at home is easy? Let’s find out! Did you know that more than in Brazil there are more than 6.4 million establishments. Of this total, 99% are micro and small enterprises (SMEs). MSEs account for 52% of private sector signed jobs (16.1 million). Although the number of establishments is enormous, a model of work that has gained volume here in the country is the home-office (both start-up companies and outsourced work).

Working at home has been a way of having flexible hours, making money, staying close to the family and maintaining some quality of life that works out does not allow in most cases. So if you are considering or are in the process of starting a home based business, have no doubt that it is a way to make money and create interesting and very important income.

Tips for starting a business

And, as with any venture, it is crucial to take the right and realistic steps to prepare for the growth and success of the business. Part of ensuring that you follow the necessary steps when starting a home based business, we’ve listed a few items that have helped you set the foundation needed to complete a successful small business. Below are five important financial tips to follow when starting a business as an established home based business.

1. Choose your structure or company format

1. Choose your structure or company format

One of the easiest structures to start and cost as little as possible to keep a company starting as an individual company. There are five types of company in Brazil. If you really want to start a business, you must know each one so that you can choose what else is close to your reality and the type of company you want to open.

See the most used types of company in Brazil that you can choose:

  • Limited Partnership (LTDA)
  • Individual Businessman (EI)
  • Individual Limited Liability Company (EIRELI)
  • Company (S / A)
  • Non-profit (NGO)

Classification according to the tax framework:

  • Microentrepreneur Individual (MEI)
  • Microenterprise (ME)
  • Small Business Company (EPP)

If you wish to limit your liability, you may want to consider another entity structure, such as a Limited Liability Company (LTDA). Be sure to consult your lawyer, accountant or business advisor about what right company structure for your business.


2. Open business and commercial licenses required


2. Open business and commercial licenses required


To have a better business opportunity working from home , you will need to have a business license (CNPJ) to allow you to carry out legal transactions and transactions. Be sure to hire an accountant or accountant to check the requirements and fees according to your future activities, location and rules that the company will be submitted according to your state or county.


3. Maintain a space for the office, production or services


3. Maintain a space for the office, production or services

No matter how large or small your workspace is, make a space for your business (small business) only. Since you will be running a home based business, it is necessary to establish a workspace to use in your home solely and exclusively for business purposes.


4. Open a business bank account


4. Open a business bank account


Having a bank account to negotiate is a key financial tool to manage your business finances. From the opening of the company, you start to receive or spend money as a company.

The account will allow you to maintain accurate records, expense and revenue reports, deposits and transfers to third parties. Separate your business account for business from your personal account. To open a bank account for your company, look for one of the banks closest to your home or your preference with your personal and start-up documents.


5. Get a business credit card (business card)


5. Get a business credit card (business card)


A business credit card or business card is a mandatory financial tool to keep your personal expenses separate from your business expenses. A credit card for your business not only makes it easier to track expenses, but it allows your company to start establishing its own credit score and payment history.

Starting a home based business can be extremely challenging to say the least. There is a lot to think about, organize, plan and execute so that everything works and goes as planned. So be a planner.

The good news is that there are many free resources to start a business, from trainings and supports readily available to you both online and in-person at trade associations and Sebrae and organizations willing to help small businesses and micro-businesses.

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Debt expires or prescribes as they say | Debt Consolidation


Does debt expire or prescribe ? This doubt is very common and even more, there is wrong understanding about one thing and another. Having debt in itself is lousy and can have serious consequences even after the 5 year period of name inscribed in the SPC and Serasa. Let’s understand what it is to expire or prescribe and how it works in practice.

Debt expires: Understand what it is

Debt expires: Understand what it is

Debt expires is a well-known term associated with the end of the 5 years of the dirty name in the square. However, there are some points that you need to understand in order to know better what is and the consequences of not having negotiated and paid one or more outstanding debts.

The debt decays, also called expired, when the creditor does not issue the release for discharge within five years. In practice, if you do not know about the debt in this period established by law, the debt ceases to exist and the consumer is not charged for it, it actually does not exist.

What about the debt you prescribe?

What about the debt you prescribe?

In relation to the debt that it prescribes, it can be understood as follows. The creditor states the default of the consumer and does not collect the debt within the stipulated period. If no one charges, after 5 years, the debt prescribes and the customer can not be charged.

And what is myth or truth?

And what is myth or truth?

In relation to prescribed debt there are two important points that people usually confuse with myth or truth. It is true that the debt expires after 5 years in the dirty name list of the SPC or Serasa the name is cleared and the person returns to have access to the credit.

This cleanup occurs automatically after this time. It is a myth that debt does not disappear. After this period, the company may continue to charge you on the outstanding amount.

Debt continues in the bank and credit card

Debt continues in the bank and credit card

If your debt is with the bank or the credit card, know that they continue and the billing as well.

There are cases where financial institutions sell the debts to collections offices and they try to solve the problem. However, depending on the value, the legal costs to enter any action or process can be much higher, which does not end up compensating for the institutions.

Believe. They can and will continue to charge you and have no expired debt!

The advantages of debt negotiation

The advantages of debt negotiation

Negotiating is very advantageous than letting the debt roll and this entails a number of issues involving your present and future. The main advantage of negotiating is to leave the name clean and this allows you to have access to credit, can borrow car or house financing, and get loans.

Besides, you can not stop saying that your past may or may not condemn you. Despite 5 years after the name is denied, your purchase and non-payment history is recorded and this can prevent you from getting credit, especially from the lender you did not receive.

The negative name, duly registered with the SPC or Serasa, is automatically cleaned after five years, according to the Consumer Protection Code.


Follow the terms of the negotiation

Follow the terms of the negotiation


More than settle any dispute with lenders, is to keep the negotiation done. Before you go out making debt deals, it is ideal to take some care and organize yourself well not to fall on a cold.

The first tip is to analyze the debt values ​​and the interest that are being placed on top. Normally, Procon can help you negotiate if the interest is abusive. In addition, most banks and institutions have online debt negotiation systems, which is great and makes life easier for the client.

Before making the agreement, already considering payment details and amounts, including fees, put everything on paper. Have your full budget for the month, do not want to commit more than 30% of your salary. If you do the math and conclude that you can settle the debt, then negotiate.

From now on the secret is to keep the agreement up to date so as not to cause major problems, such as loss of trading and anticipation of all subsequent installments.

If you feel better, also consult a lawyer and remember that in addition to money, we are talking in agreement with the bank or creditor and this involves the legal aspect as well. So, forget about this debt-expired story.


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Learn How Credit Scores Work From 0 to 1000 | Credit Score



How Does Credit Score Work ? Perhaps it may be a little known fact for us Brazilians that the Australian, or the Americans besides the British go crazy because of the credit score. In these countries that we quote they talk, compare and try all the time to increase their score whenever possible, generally use their score as a symbol of financial freedom.


How Does Credit Score Work?

How Does Credit Score Work?


There are even stories of people who put their credit scores on resumes when they are looking for a new job. They live and breathe for it – increase your Score or the credit score. Frankly, we also think this is something that could be done here in Brazil.

Your credit score is an easy way to get to know your health and financial situation, with just one credit inquiries, your credit standards and debts, is summed up to a number from 0 to 1000 . As said, it is very easy to understand and now get the number for free, and there is no reason for you to know what your is. Imagine applying for a home purchase or a personal loan without knowing if you will be approved or not, this is only a benefit of knowing your credit score.

Over the past few years, credit bureaus have offered access to Score and credit score for free, and as you can imagine, this was a bang. Many customers are happy to use this type of service to get their score to improve it, so we think it’s time for you to know how to score from 0 to 1000 , see below:

0 – 549. Below average score: bad


0 - 549. Below average score: bad

At this level your score is already below average. So be careful because you may be at serious risk of being in arrears with delinquent accounts or protests or lawsuits in the last 12 months or more.

No need to panic, sometimes simple changes can make a world of difference. To help increase your Score and your credit score, simply check in your history what is causing the points reduction, if it is debt, create a plan to achieve your financial goals again.

550 – 624. Average Score

550 - 624. Average Score

Your credit score at this point is similar to that of average Brazilians. Although this average may not sound very exciting, it is a good enough score for you to reach your financial goals and not have problems with opening credit and requesting cards or other products and services.

To get out of this level, avoid the financial pitfalls in the next 12 months that can lower your score, it is best to continue doing everything right to further increase your score.


625 – 699. Good Score

625 - 699. Good Score

Worked well here! You have a good credit score, which means you kept your credit report clean and unrestricted at Serasa, SPC and Boa Vistas and CCF in the next 12 months.

Your credit chances are better than most Brazilians, the opportunities are much more favorable and the interest is affordable. Continue with Good Score and keep working to build more points and raise your credit score to the next level.


700 – 799. Score very good


700 - 799. Score very good


Great job! With such a good credit score, you are joining a group of unique people in obtaining credit from Brazil, with this credit profile outperforming the majority of Brazilians who are economically active. This means that you have privileges with banks, financial institutions and credit institutions, plus much more financial freedom than most citizens.


800 – 1000. Excellent score

800 - 1000. Excellent score

Congratulations on your fantastic credit score! You and one of the few that are part of this select group of Brazilians are leading the elite, at this point it is considered as + customer that special and the possibilities are limitless, the benefits are amazing.

Our Portal has numerous articles related to credit score and Score, take a look:

1. 7 Strategies to Boost Your Score and Credit Score
2. 3 Reasons To Have Credit Denied Even With Excellent Score
3. How To Increase Credit Score For Good Or Excellent
4. Personal loan without consulting the CPF and Score
5. Score: How Credit Score Works
6. Why Monitor Credit Score?
7. Credit History, Credit Score and Credit Score
8. Who can check your credit information in addition to you
9. How does credit score work, you know?
10. Credit Score – Clean Name But Can not Borrow?

Having a score above 625 means that your financial health seems to be in great shape, and will certainly guarantee excellent chances of accessing better offers and differentiated financial conditions. So take good care to always increase your Score and take your credit score seriously.


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