First of all, a premise. When a loan is requested, the credit institution’s official checks our identity within the SIC, the credit information system, which in turn queries different databases including the very popular CRIF. Obviously, if the applicant is protested, distrained, or simply has had problems repaying a loan before the interrogation of the SIC will be positive and therefore he will have many difficulties in obtaining a loan. Hence the need to find loans for bad payers.
Generally, bad payer loans require some additional guarantees and have higher interest rates. But what solutions exist for obtaining one of the loans for bad payers?
Loans for bad payers: debt consolidation
One of the methods to obtain loans for bad payers is undoubtedly the consolidation of previous debts, a very similar operation to the consolidation of the mortgage.
This solution is the best way to regularize one’s position, and perhaps obtain new liquidity, even getting rid of any “black lists” where one’s name appears.
Among the forms of loans for bad payers, debt consolidation enables all existing loans to be pooled in a single installment, possibly less, and obtain new liquidity. Obviously, as a disadvantage, you will have greater exposure and a higher interest rate. Debt consolidation, among loans for bad payers, is the one that requires a greater form of guarantee.
Loans for bad payers: assignment of the fifth
Another solution to obtain loans for bad payers, even with a protest situation, is the sale of the fifth. In this case the monthly income acts as a guarantee of payment up to a maximum of one fifth. The assignment of the fifth is the simplest solution to obtain among the loans for bad payers, in fact, it is a form of personal financing at a fixed rate that does not require any justification, to be repaid through a monthly installment deducted directly from the payroll or from the retirement.
The main disadvantage of these loans for bad payers is the bond linked to one fifth of the income, which in the case of low income can become very limiting.
Is it easy to get loans for bad payers?
Probably if you are reading this page it will already be clear that getting loans for bad payers is never easy. It would probably be useful to understand if you have the requisites to obtain the cancellation from the databases in order to open the doors to new loans, and new creditors.
To tell the truth, there are many institutions that provide loans for bad payers, but the interest rates are really high. Furthermore, significant guarantees and policies are always required that protect their ability to return.