We always hear the story that the SPC and Serasa are obliged to withdraw your name from the negation, after 5 years.
Who hasn't heard this story? Have you ever wondered if this is really true? Or just a rumor that has been spread by word of mouth.
Before talking directly about this subject, we want to make it clear that the right thing is for you to organize yourself financially and pay your debts, not letting them accumulate, but the practice is different, isn't it?
The rule according to the parameters of the law is that the debts cannot be in the system after this period of five years.
We separate information about the Serasa and SPC that will help you understand better.
In general terms, we can say that traditional debts with banks, credit cards or loans that have not been repaid, prescribe a period of five years. In addition, the maximum term that the CPF and the name of the debtor is negative is five years.
This is in accordance with the Consumer Defense Code and the Civil Code.
Did my debts then cease to exist after five years?
The debts remain, although you have your name "technically clean", your financial life is harmed with certain institutions.
You need to get organized and pay as soon as possible. What can happen is the following: debt interest drops 50% depending on the bank, but this is not a rule!
Clean name, can't my debts be brought to justice?
Yes, exactly. With your name cleared and the debt prescribed, the debt can no longer be collected in court. The consumer's name can also no longer be taken to credit protection services due to that debt.
Are Serasa and SPC required? What to do? Wait?
Of course not, organize yourself financially and pay your debts, having a clean name for being a good payer is better than a dirty name.
Good luck!
