Loans to Protestants and Bad Payers

Loans to Protestants: How to get a loan if you are reported in central risks

Loans to Protestants: How to get a loan if you are reported in central risks

 

Loans to Protestants: How to get a loan if you are reported in central risks

  • What are Protestant Loans
  • Who can apply for loans in protest
  • Loans to Protestants: What is a protest?
  • What happens if you suffer a protest
  • Protested loans without assignment of the fifth

What are Protestant Loans

What are Protestant Loans

The loans to Protestati are those loans dedicated to users called “bad payers”, because they are registered in the database or have received a protest. This product helps the category of protested applicants, giving them the opportunity to access the only form of loan or the transfer of the fifth.

 

The assignment of the Fifth can request all the employees and pensioners. The agreed installment will be deducted monthly from the salary or pension. This withholding methodology allows banks and financial institutions to consider the risk of default by the minimum applicant.

Who can apply for loans in protest

Who can apply for loans in protest

The loans to Protestants have the possibility of accessing the State employees, public employees, employees of private companies in possession of a permanent contract or determined in this last case by means of the Cessione del Quinto, the duration of the loan must be equal or higher than the employment contract. Retirees Inps, Ipost or Inpdap also have access to Loans for bad payers by reducing the fifth of their pension to repay the installments of the loan.

The Cession of the Fifth is a form of financing that provides for all categories a repayment term that can vary from 24 to 120 months (10 years), with fixed rate and insurance coverage for the entire duration of the loan.

Loans to Protestants: What is a protest?

Loans to Protestants: What is a protest?

Those who issue a check or a bill of exchange must pay the payment on expiry, if that were not the case then the credit will be passed to a public official or a notary who asks for further payment if the debtor does not make the payment it will proceed with the registration in the register of protests.

What happens if you suffer a protest

What happens if you suffer a protest

If the debtor, should not be able to fulfill the payment despite the request made by the notary or the public official as previously indicated, proceed with the registration in the register protested.

The registration in the protested register involves the debiting of the interests of late payment and in some cases the seizure of the assets to compensate the creditor.

In the event that there is a written check, in case of non-payment within 60 days of the deadline for submission of the check, an administrative sanction and the prohibition of issuing checks for a period of 6 months is foreseen.

The data of the debtor who has not fulfilled the payment despite the reminders, will be entered in the protested database and also in other databases.

The CRIF is viewed by banks or financial institutions to consider the creditworthiness of those applying for a loan. In the databases there are also applications for rejected loans.

Thanks to this important archive, banks and lenders will have the opportunity before accepting or rejecting a new loan request to carry out all appropriate assessments.

Attention CRIF is exclusively a database that stores all information. With regard to the storage times in the database, the Privacy Guarantor resolution of 16 November 2004 sets well-defined deadlines.

Protested loans without assignment of the fifth

Protested loans without assignment of the fifth

With regard to loans without a fifth transfer, we can say that there are alternative possibilities, but it is difficult to obtain them, such as private loans or loans .