Bad payers, alternative loans and timing to get back in good standing
The granting of a loan, as everyone knows, passes from the evaluation of the economic situation and credit history of the applicant by the credit institution. Being a bad payer, ie having episodic or repeated delays in paying installments for a loan or worse insolvency situations is one of the main causes of refusal of the practice. What to do in these cases?
For those who are counted among the bad payers in the end-to-end knowledge company lists, the reference database for credit institutions, there are mainly two alternatives. If you have a permanent contract or a regular pension the solution is close, a loan with a salary assignment is easily granted even to those who previously had financial problems. Those who cannot count on the guarantee of a fixed salary can instead try to request a loan for a loan. In this case the bank is protected from the possibility of foreclosing the client’s assets in the event of non-payment and this could be enough to grant the requested loan.
Your quick solution
Last but not least is the fact that the bad payer label is not indelible. The presence on the end-to-end knowledge company’s lists is always temporary, the automatic and free cancellation is all the faster as the previous financial problem is minor or has been quickly remedied. Specifically, for delays relating to the balance of one or two installments (or two monthly installments), the cancellation occurs automatically 12 months after the notice of regularization, while for longer delays, 3 or more installments / monthly installments will occur after 24 months. Even loans that are not reimbursed are automatically canceled, but only after 36 months from the expected extinction date or from the last update provided by the credit institution involved in the insolvency.