But sometimes you are forced to apply for a loan as a bad payer. Let’s see what a bad payer loan means, or who will be a bad payer, and what kind of credit it may require.
In practice, a bad payer is one who has not paid any installments or paid them with delays or frequent requests from banks. Thus, Crif (Central Information about Credit Risk) will be informed about the bad payer so that other credit institutions can find out the state of the subject and how to pay their debts and, therefore, evaluate whether or not to accept the loan request.
Currently, many credit organizations are responding positively to frequent requests for loans from people with economic and family problems who have turned out to be irregular or insolvent in relation to other banks, since the exclusion of this category of people will lead to serious financial losses. cans. Therefore, these banks had to adapt to this new economic reality and provide loans to those who were insolvent in the past. Of course, lending institutions must protect themselves and do this by asking for a higher interest rate or other guarantees.
To get a loan, even a bad payer, like any other type of loan, must have a guarantor or an entity that “guarantees” in the event of insolvency. Having a surety is certainly the best solution, because in this way you can get better loans at a lower interest rate.
If, on the other hand, you do not want to resort to the “guarantor” institution, you can always resort to the possibility of pledging real estate or receiving as an inheritance, the value of which is equal to or greater than the capital that you requested. Therefore, the bank will evaluate the provision of credit due to the fact that in case 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.