Those who are reported as bad payers on the Crif lists may face difficulties in obtaining new financing. Difficulties that are further accentuated for those who cannot count on a guarantor, that is, on a third party who undertakes to guarantee the successful outcome of the loan. However, in the current financing landscape there are some solutions to obtain loans without guarantor. A summay is on tregouet.org
Loans without guarantor for employees and pensioners 2017
Among these solutions, one of the most widespread is represented by the sale of the fifth. It is a particular form of personal loan that allows you to obtain sums that are also quite important, to be repaid by direct reduction of the installment.
Loans that do not require the presence of a guarantor and are also accessible to those who are reported as bad payers. However, it is necessary to specify that the loans on assignment of the fifth are accessible only to employees and pensioners.
Therefore, self-employed workers and freelancers, as well as all other subjects who do not have a demonstrable fixed income (paycheck or pension slip), are therefore excluded.
How the assignment of the fifth works
When it comes to unsecured loans for bad payers it is inevitable to refer to the assignment of the fifth of the salary. A form of loan with an amortization plan in monthly installments deducted from the payee’s pension or pension.
Reduction that takes place by the employer of the beneficiary or by the social security institution, if retired. And it is precisely this subject that is responsible for repaying the loan amortization installments.
Unlike what happens with traditional personal loans, therefore, the transfer of the fifth requires that it is the employer or the pension institution to take care of the payments. In fact, this first curtail the installment to the worker / pensioner and then pay it to the bank or financial company that granted the loan.
And it is precisely because of this characteristic that loans on assignment of the fifth are also accessible to bad payers. Thanks to the fact that the payment of the installments falls to a third party, the credit institution may not take into account the applicant’s credit history. conduction that makes the transfer of the fifth accessible also to who has had problems with the previous loans.
Installment and rate
As can be seen from the name, loans without guarantor on assignment of the fifth provide for a maximum monthly installment equal to one fifth (20%) of the salary or net pension received by the applicant. Installment rate that remains fixed for the entire repayment plan. I also set the interest rate.
Let’s move on to the question of the guarantees necessary to obtain loans without guarantor on assignment of the fifth. The presence of a third party who undertakes to guarantee the repayment of the installments is not required. However, there are some requirements to be met in order to obtain funding.
For the purposes of access to credit, the presence of demonstrable fixed income is therefore sufficient and, in the case of an employee with a minimum length of work.
We remind you that, although the presentation of collateral is not envisaged, the loans on assignment of the fifth find an additional form of protection in the TFR accrued by the worker. This is in fact blocked until the debt is completely extinguished.
The reference legislation also provides for the underwriting of an insurance policy that covers life and employment risks, for the benefit of the bank or financial company.
How to get financing without paycheck and without guarantor
Now that we have seen in detail how the assignment of the fifth works, let’s move on to the forms of loans without guarantor dedicated to those who cannot claim a paycheck or a pension slip.
In these cases, access to credit can become difficult, especially for those who have been reported as bad payers. However, there are some solutions. One of the most frequent is to request a personal loan by presenting, in addition to the document certifying the income, additional guarantees.
For example, those who own a property can take out a mortgage. Normally banks and financial institutions also accept monthly non-work income as collateral, such as a maintenance allowance due to a divorce, or financial income from an investment.
In this regard, it is necessary to specify that in order to protect themselves in the event of non-payment, banks and financial institutions may also request the loan installments to be changed. In other words, the applicant will be offered a loan with bills.
The loan with bills 2017
But what does the stipulation of a loan changed mean? This form of loan is so called because the payment of the monthly installments takes place through pre-paid bills. Debt securities that guarantee the lender in the event of non-payment by the beneficiary.
Hypotheses in which the bank has the possibility to request the attachment of the debtor’s assets in a very short time. Unlike what happens with traditional loans and loans, for which the foreclosure requires quite long bureaucratic times.
We also remind you that before taking out a loan with bills, it is advisable to check the costs applied, since often the interest rate is quite high.
Mortgage loans can also be included in the category of unsecured loans. It is a particular form of loan dedicated to over 60s that does not require the presence of any guarantor, but is based exclusively on the possession of a property. This is in fact the loan guarantee.
But how does the mortgage lifetime loan work? Unlike other forms of financing, this product does not provide for a refund by the beneficiary. Upon his death, the heirs will decide what to do with the property. They will have the opportunity to choose whether to repay the loan or leave the house to the bank. Hypothesis, the latter, in which the bank will take care of selling the house to repay the money.
In other words, the mortgage lifetime loan allows you to convert your home property into cash, without losing your home. In fact, the beneficiary can continue to occupy the property until his death.