Personal loans referred to as Crif are a real possibility for the so-called bad payers, although certainly financial companies and credit institutions are not inclined to grant loans to those who do not have a good credit rating, but fortunately there are some formulas that allow more easily provision of loans to bad payers.
Whenever we ask for a loan, the relevant information is transmitted to a database that is consulted by the financial: for this reason personal loans to reported Crif have the same difficulties for those who have suffered protests and foreclosures, but thanks to the presence of a guarantor or through the formula of the assignment of the fifth it is possible to get around the obstacles and get the green light to the financing.
- Crif signaling, what is it?
- Crif database, time spent
- Loans to reported Crif with assignment of the fifth
- Loans with delegated payment to reported Crif
- Loans for pensioners reported Crif
- Solutions without fifth sale
- Are there any solutions with bills?
- Loan between individuals for reported Crif
Crif signaling, what is it?
The acronym CRIF indicates the Central Financial Intermediation Risk, and is the private company that manages the SIC, ie the Credit Information System , also known under the name Eurisc . This system, as we have mentioned, is
a real database , made up of information from all lending institutions, which allow banks struggling through the process of applying for funding to assess the credit profile of the applicant, and whether it has sufficient reliability to obtain the free way.
The credit information available to banks and financial institutions can therefore be both negative and positive in nature, certifying whether the individual is in good standing or not with payments, and consequently whether it is considered reliable or not from the point of view of risk profile.
Crif database, time spent
The deletion of data in the SIC , both positive and negative, occurs automatically after a certain period of time, according to these times and methods:
- 6 months from the date of loan application for loan in progress
- 1 month from the refusal or renunciation of the loan
- 36 months from the date of termination of a loan repaid correctly
- 12 months from the regularization notice of a late payment of one or two installments, provided that in the aforementioned period the repayment is regular
- 24 months from the regularization notice of a delayed payment of three or more installments, provided that in the aforementioned period the repayment is regular
- 36 months from the date on which the loan is repaid for loans that have not been repaid or have been in default, or from the date on which the bank or financial institution sent the latest credit data update.
Loans to reported Crif with assignment of the fifth
We can now analyze in detail which personal loan products reported in Crif are made available for bad payers, through financing formulas that are able to guarantee the necessary protection for the provider. The easiest way for those who are negatively registered in the Crif database to obtain a loan is to request loans with a fifth transfer or with the so-called payment proxy . To request the assignment of the fifth
you must be employed in the public and private sector or retired , while it can not be requested by self-employed workers. With this method of reimbursement, the monthly payment is retained directly by the employer or social security institution and paid to the credit institution that provides the loan: it is defined as the fifth transfer because the amount can not exceed one fifth of the total income received by the salary or pension allowance.
Another limitation to take into account about the sale of the fifth concerns the income of the applicant, especially in the case of retirees, which must fall within the minimum survival limit that the state fixes each year around 500 euros, net of the deduction of the installment monthly repayment.
Loans with delegated payment to reported Crif
In addition to the normal transfer of the fifth, there is the possibility of requesting personal loans to the Crif with the delegation of payment, exclusively reserved for employees to obtain even more liquidity than the normal transfer of the fifth, repaying a maximum of 40 per month. one hundred of the total, and therefore this double-fifth-salary loan is also defined. The delegation of payment is not a right of the employee as the standard assignment, but can be requested by
State employees in the public sector and private employees with at least 4 or 5 years minimum service age, or alternatively with an employee severance indemnity provision (TFR) or with a supplementary pension fund, considered of sufficient magnitude.
Loans for pensioners reported Crif
Retirement loans reported in Crif are possible, but this category of subjects has only the loan with assignment of the fifth available, while it is not possible to access the payment proxy. However, if retirees need additional liquidity, they can apply
the renewal of the assignment of the fifth , so as to lengthen the loan term and at the same time lower the monthly payment. Loans for retirees with a fifth sale are covered by a mandatory life insurance policy , which protects both the bank and the heirs of the deceased in the event of early death of the holder of the loan, the cost of which is usually borne by the borrower .
Solutions without fifth sale
As we have seen, to grant this type of loan if Crif has been reported, the formula for the sale of the fifth is decisive, since the risk policy of banks and financial firms hardly makes it possible to grant loans to those who for various reasons turn out to be a bad payer. However it is not impossible to obtain personal loans for Crif reported without assignment of the fifth , but in this case we require or further real guarantees to the client, or more easily
a third party guarantor acting as a co-obligor, who assumes the obligation to reimburse the financing body in case of non-payment of the monthly installments by the legitimate debtor. It is a formula that technically takes the name of a surety . However, there are other alternatives for those seeking personal loans to reported Crif, although the necessary and sufficient condition to practice such roads often proves to have a co-obliged guarantor: let’s see what these alternatives are.
Are there any solutions with bills?
A good alternative for those looking for personal loans for reported Crif without payroll, and therefore can not access the assignment of the fifth of salary, is the loan changed, a loan that is repaid through the payment of bills instead of the normal bulletins or the debit on the current account. The presence of bills of exchange may however not be enough as the only form of guarantee for the bank, which may also request a third guarantor as guarantor before granting the loan. We remember that
the bill is an enforceable title and in the event of insolvency the lender may request the attachment of assets owned by the borrower. Upon payment of each bill, the bank sends the debit certificate to the debtor of the balance, which is in fact a monthly installment to repay the loan.
Loan between individuals for reported Crif
As a last resort, for those who can not resort to the sale of the fifth can take advantage of the so-called social lending , which is nothing but the revised version and correct at the time of new technologies of private loans: subscribing to one of these social lending platforms can try to get
loans for reported Crif at competitive rates. However, this does not mean that such social lending platforms do not require guarantees to protect their investors before granting funding, so it is always necessary to carefully read the financing conditions and understand if this is the best solution for your case.
The disbursement of this type of financing undoubtedly poses a series of obstacles related to its condition of bad payers, which closes the door to normal access to credit.
It is clear that we must make distinctions between those who can still enjoy a certain income from work, and those who seek personal loans without a paycheck , being a freelancer or self-employed, and in both cases can not expect cancellation from the bank data for a delayed payment, even for a simple mistake: in the first case the solution of the assignment of the fifth salary, or pension allowance in case of pensioners, is a convenient, effective and easy to assent solution for a bank, just have minimum income requirements, and for a salaried employee there is even the opportunity to delegate payment.
But for everyone else? It is clear that the solutions are shrinking, and although you can try to borrow with bills or private individuals, often even for these solutions it is really necessary to have a guarantor as guarantor , otherwise it is very difficult to get the green light to supply of the financing.