Getting Credit
 

Getting credit

With Brazilian credit, your purchases in Brazil may be in up to 17 or more interest-free installments

With credit and a Brazilian credit card, you will be able to make purchases, during travel or online, with interest-free payments of up to 17 installments or more. The industry offers promotions to increase sales and price is the same if paid in one or more installments; this can be accomplished based on agreement with Banks that guarantee payment to stores and take on all the risk, and in case consumers miss a payment they collect high interest rates. These attractive payment plans aren't new and have been available to Brazilian consumers for many years.

Once incorporated in Brazil, Strategic International Solutions for Business – SIS4Biz will assist your company in setting up a bank account in a Brazilian bank where relationship with top management is already in place and provide coaching and support through the process and documentation necessary to establishing desired credit.

Measures on credit information sharing and the legal rights of borrowers and lenders are shown below. The Legal Rights Index ranges from 0-10, with higher scores indicating that those laws are better designed to expand access to credit. The Credit Information Index measures the scope, access and quality of credit information available through public registries or private bureaus. It ranges from 0-6, with higher values indicating that more credit information is available from a public registry or private bureau. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Indicator Brazil Latin America & Caribbean OECD Average
Strength of legal rights index (0-10) 3 5.5 6.8
Depth of credit information index (0-6) 5 3.3 4.9
Public registry coverage (% of adults) 23.7 10.0 8.8
Private bureau coverage (% of adults) 59.2 33.2 59.6

Summary from Doing Business 2010 data for Brazil.

 
 
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