Hope to get a loan if you are Bad Payers
Before granting a loan, the Bank assesses the financial reliability of each client.
For this reason, in case you have been reported in Global as a bad payer, the possibility that a Financial Institution recognizes you as a personal loan is very remote.
But don’t worry, there is a solution : your paycheck or your pension can make the difference.
For many years Lite lender company.it has been dealing with solving the problems of bad paying customers who have difficulty obtaining a loan from credit institutions.
Lite lender company provides fast loans at optimal conditions, accessible to the employee (private, public, state) and to the pensioner: we also have useful resources to offer free advice, like our Blog and our Forum.D
What is the Bad Payers loan for?
If you are considered a Bad Payer it is possible that your financial situation is not peaceful.
Probably, though, it’s not even your fault: failure to pay an installment is enough because of an oversight to get a bad payer report in the Data Banks.
Our financing solutions can be used to obtain the liquidity you need but also to consolidate your debts, pay off an ongoing repossession or settle a non-performing loan through a settlement agreement.
How to get the loan for Bad Payers
Those who are registered in the register of Bad Payers must resign themselves to the idea that no loan will be granted to them? Absolutely not!
The Cession of the Fifth is the right solution because it does not require the assessment of solvency.
Let’s see how it works. To request the Fifth Assignment it is sufficient that you have a fixed salary or a pension on which the installment will be charged.
The guarantee that allows to avoid the problem of reporting in Global simply consists in withholding the amount of the loan installment directly from the income of the applicant.
This is also a very convenient solution for the debtor, who does not have to worry about repaying the installment to the credit institution every month : in fact, the employer himself will have to take care of it, withholding a share of the salary and paying it directly to the Bank.
Why is the Cession the solution for Bad Payers?
Since the Employer or the Pension Authority retains the fee in order to reimburse the Financial Institution, the latter will not be interested in the debtor’s credit history.
The Financial Institution will therefore accept the loan despite the negative registration in the Credit Information System.
Precisely for the reasons just mentioned, the Assignment of the Fifth is a simple guarantee that offers you undoubted advantages but that also represents the only possibility of financing for the workers or for the pensioners who have been included in the Register of Bad Payers.
For the same reasons you can use the Assignment of the Fifth even if you want to consolidate an existing loan, perhaps in doubt, in order to heal the debt position and to obtain additional liquidity at advantageous rates.
Who needs the Bad Payers loan?
The loan for the Bad Payers is terminative for Employees and for Pensioners who are included in the Global Data Bank, who have been protested or who are paying for an attachment.
We will evaluate your situation on the phone free of charge and offer you the solution that best suits your needs.
How much can you request with the Bad Payers loan?
To apply for a loan with Prida Cash lender you must respect two fundamental rules.
- The salary or pension portion cannot exceed the amount of one fifth of the salary (20%) and the installments can reach a maximum of 120 (10 years).
- Furthermore, if you are an employee, the loan repayment plan cannot be extended beyond the retirement date.
The only exceptions are public and state employees who may decide to transfer the fifth assignment to the pension they will receive.
All other employees in choosing the duration of the loan must respect the retirement date.
Differences between registration in the Register of Bad Payers and in the Register of Protests
By protest we mean a deed with which a notary, a bailiff or a municipal secretary declares the non-payment of a bill of exchange or a check.
Therefore the protest cannot derive from the missed or delayed payment of the installment of a loan.
This non-fulfillment can only entail the registration in Global.
To protect all third parties that may have economic relations with the protestor, the protest is public: the person who has shown himself to be an insolvent debtor is included in the Computer Protest Register.
The registration in the Bad Payers Register (often improperly indicated as Global), on the other hand, may be due to the failed or delayed payment of a loan installment.
People often think, wrongly, that protest and Global registration are the same thing, when in reality it can be said that the protest is, in principle, more serious.
What does not change, however, are the consequences that these two acts entail: the mistrust of banks in granting loans unless it is possible to provide additional guarantees such as happens with the sale of the fifth.