Unfortunately, today we find ourselves asking for loans, unfortunately, to meet daily and family needs.
But sometimes you are forced to ask for a loan as a bad payer. Let’s see what a bad payer loan means, or who would be a bad payer and what kind of loan it might require.
In practice, a bad payer is the one who has not paid any installments or has paid them with delays or frequent requests from banks. Therefore the bad payer will be reported to the Crif (Central Credit Risk Information) so that other credit institutions can learn the condition of the subject and the way to pay their debts and therefore will assess whether or not to accept the request for credit.
Many credit institutions, currently, have responded positively to frequent requests for credit from individuals with economic and family problems who have found themselves to be irregular or insolvent towards other banks, as the exclusion of this category of people would lead to a serious financial loss of the banks. Therefore these banks have had to adapt to this new economic reality and grant loans to those who have been insolvent in the past. Of course, credit institutions must safeguard themselves and do so by asking for a higher interest rate or different guarantees.
To access a loan, even a bad payer, as with any other type of loan, must have a guarantor or a subject that “guarantees” in case of insolvency. Having a guarantor is certainly the best solution because this way you can get the best loans at a lower rate of interest.
If, on the other hand, you do not want to resort to the institution of the “guarantor”, you can always resort to the possibility of mortgaging a real property or received as inheritance that has a value equal to or greater than the capital you have requested. The bank will therefore evaluate the granting of the loan by virtue of the fact that, in the event of insolvency, it will have free access to these other types of guarantees.
The bad payer can access different types of loans such as the loan, the loan and the guarantee.
- The loan changed is to sign monthly bills for a maximum duration of 120 months. Through the return of these bills you pay the debt with the bank.
- The proxy loan, also called double fifth, consists in the transfer of part of the salary to the payment of the loan installment.
- The guaranty, on the other hand, is only the presence, when a loan is requested from a credit institution, of a third person acting as guarantor or guarantor.