How to get credit if you reported Crif 2018
The personal loans to Crif reported are loans dedicated to those reported in the Central Risk database due to the non-payment of a debt. These are products that have different characteristics from traditional personal loans, so let’s see how they work and what the economic conditions applied to loans for reported Crif.
The first thing to say when it comes to reported personal loans is that they are much more difficult to obtain than normal loans. For banks and financial institutions, those who have not honored a debt are considered unreliable, since they could do it again.
In other words, lenders see lending to this category of applicants as a risky operation. But let’s try to understand when and how it is possible to obtain financing even if it is reported in the Crif databases.
What it means to be reported
But what does it mean to be reported? All those who have had difficulties in repaying a loan, even if it is a slight delay in paying an installment, are registered in the SIC Bad Payers Register (often incorrectly defined as CRIF).
However, the CRIF inscription is often confused with the protest. Instead, these are two very different things even if both involve difficulties in accessing credit. Both the reported and the protested in fact hardly obtain credit with traditional personal loans, unless they are able to provide additional and / or particularly solid guarantees.
Loans with Crif reporting
What to do then to get personal loans at reported Crif? The most convenient solution is undoubtedly represented by loans on assignment of the fifth. It is a particular form of financing which provides for the repayment of the installment by direct reduction from the paycheck or pension of the applicant.
The interest rate is fixed and, as can be seen from the name, the amount of the monthly installment cannot exceed the fifth part (20%) of the net salary or pension received by the applicant.
Loans on assignment of the fifth can also be obtained from bad payers because the repayment of the installment takes place by the employer or social security institution that grants the pension
Those who wish to resort to Crif loans without assignment can opt for lien or exchange loans. In both cases, the presence of valuable goods is envisaged that the applicant guarantees the reimbursement.
In general, however, both pledge loans and those with bills of exchange provide for the application of higher interest rates than those paid for loans against assignments of the fifth.
Loans to reported Crif Astro Finance
The subjects reported in the Crif databases as bad payers find it very difficult to access credit. To facilitate this category, the financial Astro Finance has developed a product designed specifically for bad payers.
Both employees and pensioners can access the loan, the repayment of the credit takes place by assigning the fifth or delegation of payment (only if active employees). The maximum amount that can be financed is 50 thousand USD and the amortization plan can extend up to a maximum of 120 months.
Who can get them
The reported Crif, experian or ctc can access this type of financing. This type of financing does not provide for the repayment of the installments by debiting a current account, however it is possible to repay the debt by assigning a fifth of the salary or pension or by delegating payment. At the request of the beneficiary, it is also possible to repay the Astro Finance loan by paying postal bills.
The personal loans with crifs offered by Astro Finance offer very advantageous economic conditions : TAN and APR applied are lower than those offered by the market.