This is certainly an undesirable situation, especially when you need to ask for a loan or have additional liquidity. But few people know exactly what it means to be considered a bad payer and, above all, by whom.
Let’s do some clarity.
What it means to be a bad payer
Let’s start with an assumption: there is no list of bad payers, nothing like that. However, there are companies, public or private, which provide credit information to credit institutions, which can use it to understand whether or not it is safe to provide a specific loan.
The best known of these companies are and Central Risks of the Bank of Italy.
- Crif. Centrale is a private company that provides credit information. It manages Eurisc, a sort of gigantic database in which data on personal loans, mortgages, salary-backed loans, and all other instruments for providing credit converge.
- Central Credit Register of the Bank of Italy. The Central Credit Register of the Bank of Italy performs exactly the same functions as the Crif but it is a public body. In the Cr, customers are reported who must return amounts equal to or greater than 30 thousand euros or amounts equal to or greater than 250 euros if the customer is in doubt.
Both the loans in order and those not in order are reported both in the Crif and in the Central Credit Register. Basically, everyone is on their lists. Quite simply, some will have a better credit position, as they are up to date with payments, others will not because they are not up to date with payments.
Bad payer: consequences
If a person does not have an impeccable credit position, a loan request made to a given credit institution may be rejected: it is an eventuality.
But that’s not necessarily the case. Also, don’t forget that funding is available for bad payers or protesters.
How to know if you are a “bad payer”
Bad payer, how to know? Notwithstanding, as already mentioned, that the term bad payer is misleading, to find out what one’s credit position is, it is possible to consult the lists of both the and the Central Credit Register
Bad payer rehabilitation
In reality, there is a very simple thing to do: to comply with the funding. The credit institutions will then send the new information, respectively, to the and the Central Credit Register, which thus update the credit position of the person, who can then be (re) evaluated by the credit institutions.
Cancellation bad payer
The cancellation from the as a bad payer takes quite a long time, ranging from a minimum of 30 days to a maximum that can vary according to the specific credit situation.
Cancellation from the Central Credit Register of the Bank of Italy
If you believe that the information reported in the Central Credit Register is incorrect, you can ask for it to be corrected directly to the int
REVOLVING CARDS: THE IDEAL SOLUTION FOR BAD PAYERS?
Revolving cards have aroused great interest in recent years. In fact, they are aimed at various categories: housewives, temporary workers, project workers, bad payers. There are various types: simple revolving cards; revolving cards that can be requested online; those associated with a loan and optional revolving cards. The most recommended revolving cards are those with the full repayment option.
LOAN OF 1500 EUROS: HERE’S WHO TO CONTACT
Findomestic offers two options: revolving card and personal loan. The minimum amount is only 1,000 euros. The rates of the revolving card are higher than those applied to personal loans.
Compass offers its customers – who intend to obtain small loans – both revolving and mini-credit, where 1,500 euros represent the maximum amount to be requested. The rate level of both the installment cards and the personal loan is medium.
Unicredit for a loan of 1,500 euros presents the Mini Credit Express: the maximum amount reaches up to 3,000 euros starting from a minimum of 1,000 euros. is on the same wavelength with the In loan. This form of financing allows you to have a maximum obtainable amount of 5 thousand euros, starting from 1,000 euros.
The pledge loan is suitable for protesters and bad payers.
HOW TO BECOME BAD PAYERS AND HOW TO GET RID OF “THE LABEL”
Many make use of a loan to meet expenses, whether they are purchases or work to be done at home. By loan, we mean the request for a sum of money which must then be repaid with established installments and times. One or two unpaid installments can cost us the “bad payer” label. Therefore, it takes very little to be registered with the Crif or the Central Credit Register of the Bank of Italy. Here all the financing requests of each of us are uploaded from time to time. And it is in these databases that the bank goes to look before granting a loan.
Our position as a bad payer depends on the delay we have accumulated in paying the installments
We remain bad payers a year after having paid off the debt when we have delayed the payment of one or two installments; we are still bad payers two years after the notification of regularization if the delay is linked to at least three installments and 36 months after having paid the debt if we are in arrears or in the case of unpaid loans. Obviously, it is possible to be canceled only when all other payments have been made regularly and on schedule.
WHAT LOANS CAN A BAD PAYER GET?
Even if the bad payer is not frowned upon by the body responsible for granting a loan, this does not mean that it will be a mission impossible. So get on with life! All that remains is to give it a try.
