Consortium: learn about the features of this modality

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Those who have dreams and want to take the first step towards making them come true have a great ally in a consortium. This collaborative method of accessing goods and services has existed for over 60 years and has already helped thousands of Brazilians achieve their goals.

Consortiums are self-financing . In other words, the credits used by the selected consortium members are resources from the participants themselves, who contribute monthly to a common fund. This is why we say that the consortium is collaborative: everyone contributes to each dream come true.

Want to know more about this modality? Check out some of its main features below.

Consortium is governed by Law
The Consortium System is governed by Law No. 11,795/2008 and also by regulations from the Central Bank of Brazil (BCB) , which brings legal security to the sector.

It is supervised and authorized by the Central Bank of Brazil
The BCB is the body responsible for standardizing, coordinating, supervising, monitoring ukraine whatsapp list and controlling the activities of the Consortium System. Only companies authorized by it can manage consortium groups.

Allows the purchase of any good or service
With a consortium, it is possible to buy any type of good or service. Car, motorcycle, boat, plane, beach house, country house, apartment, land, construction, renovation, travel, wedding party, cosmetic surgery, dental treatment, sofa, refrigerator, custom-made furniture... In short, anything you can imagine!

Consortium has no interest
As we explained at the beginning of the text, the group's common fund, from which the selected consortium members withdraw the credits to purchase the desired good or contract the desired service, uses resources from the group's own participants. Therefore, it does not use resources from a financial institution, which is why there is no interest charged.

Offers a multitude of plans
There are several plan options on the market, with different installment values, payment and award terms, and operating rules. In addition, rates may vary between administrators and even between groups within the same administrator. So, just research and choose the one that best meets your objective.

Contemplate by draw
Depending on cash availability, the administrator will grant one or more participants a monthly payment, and they can use the credit for the amount of the plan they signed up for, regardless of the number of installments paid. All members who are up to date with their installments will compete equally.

Allows bidding to anticipate contemplation
The consortium member can speed up the contemplation by means of a bid, which is nothing more than an advance payment of installments. The amount is offered at the group meetings, according to the contractual rules, and the winner is the one who offers the highest amount (proportional to their outstanding balance). The consortium member can bid as many times as they wish, and will only make the payment if their bid is the winning one.

Offers updated credit
The consortium member has access to updated credit on the date of award. This guarantees their purchasing power even if the price of the good or service changes over the group's term. Even so, even with the update of the installments for all participants, only the installments due are readjusted.

Consortium gives purchasing power in cash
With contemplation, you can buy in cash, with the advantage of being able to negotiate significant discounts or better transaction conditions. The administrator will make the payment directly to the seller or service provider, after approving the guarantees.

These are just some of the features of the consortium. To learn more, we recommend downloading our free materials – click here . You can also watch the videos from our “Consortium from A to Z” series. Visit: consorciodeaaz.org.br .