Debt consolidation for bad payers is not easy to obtain, the main problem is that bad payers appear on the Crif list, the IT system that catalogs debtors, where banks and financial companies can learn credit history and a subject requesting a loan. At source of this, credit institutions can refuse to accept a loan because they consider the applicant a bad payer, so what do you do if you want to get debt consolidation for bad payers? Let’s see below what the right solutions are.
Debt consolidation for bad payers, what solutions?
What to do to get debt consolidation for bad payers? The most suitable solutions, and in some cases the only possible ones, are those related to the assignment of the fifth and the loan delegation, very similar in the structure of the loan, let’s see how they work. The salary assignment provides that the person requesting the consolidation of debts for bad payers has a fixed pay slip, for which he is a permanent employee or even a pensioner; in this case a loan can also be obtained for a period of 20 years, granted depending on the case, during which the payment of the installment in equal amount of one fifth of the salary, takes place directly by the owner of the debtor, defined as bad payer. In this case the employer is the guarantor of the loan, committing himself to pay the amount fixed in the fifth as said, directly to the creditor financial institution. The same is true with the proxy loan which has the same characteristics as the loan of the sale of the fifth. It can be granted in exceptional cases and when the case permits. The latter is a type of financing to be carefully evaluated, it allows a further deduction of the salary for a maximum value of 40% of the same, but it is necessary to weigh everything well because it can be very heavy to bear. It can be suitable for those people who have an important type of salary, which leaves a large economic margin to be able to manage for living expenses or almost everyday.
Any debt consolidation for bad pay is on average more expensive than other consolidations of previous loans.
Debt consolidation for bad payers, when to ask for it?
When can I ask for debt settlement for bad payers? Debt consolidation for bad payers can be requested when there are several installments to be paid each month, so there is a need to unify the various loans in a single solution, perhaps to avoid the risk of forgetting some deadline or perhaps to enclose the unambiguously, while also reducing the interest rate.