For late payment of mortgages and loans there is a specific term that serves to define them: bad payers. A frightening name, not only because of its more direct meaning, but also because this translates into enrollment in the lists of credit information systems. A situation that complicates relations with banks and credit institutions, but which can be managed and does not last forever.
- Who is a bad payer?
The bad payer, for banks and financial institutions, is the one who pays late or does not pay. This behavior causes his name to be entered on a sort of black list, i.e. in the registers of the Credit Information Systems (SIC). Registration has a double objective: both to allow banks and institutes to know exactly the financial history of those facing and requesting a loan, but also to prevent a citizen from getting into debt endlessly.
- How long have you been a bad payer?
Every citizen has the possibility to request a survey of his/her position within the SIC, as ensured by art. 7 of law 196/2003, ex 675/1996, in order to verify the state of the facts. Furthermore, he has the right to be written off once the debt has been paid and a certain amount of time has elapsed. Depending on the size of the debt, the times may vary as follows:
- if the arrears concern two installments don't pay regularly, but then remedied, a trace of the default will remain for 12 months, starting from their regular settlement;
- if the arrears concern more than two installments don't pay regularly, but then remedied, a trace of the default will remain for 24 months, starting from their regular settlement;
- in the case of the installments have never been paid regularly, the registration in the list of bad payers will last 36 months, starting from the last available update or from the expiry of the contract for which there is a default.
Therefore, deletion from the lists is practically automatic, although it is better to make sure that it has taken place once the times indicated have elapsed. Otherwise, it must be requested with a specific question from the organization that registered. Law 3 of 2012, also known as the Suicide Saving Law, helps those who are over-indebted and, above all, regulates the right to a new beginning. This involves helping to plan a sustainable way to service the debt, but also the need to erase all information once the situation has been resolved.
- The assignment of the fifth for bad payers
With the label of bad payers, the relationship with banks and credit institutions becomes more complicated. In any case, it will be possible to continue to have a current account, but the latter will hardly have a credit line. Once registered, it is very unlikely that it will be possible to access mortgages or loans. One of the few opportunities, for those who need more liquidity, remains there salary assignment simulation. Also in this case it is necessary to verify some conditions and evaluate whether, in addition to the salary assignment, it is possible to activate a proxy loan. It is an option available to both public and private employees.
In general, an amount is granted that corresponds to a maximum of one fifth of what is received monthly, and the particularity of the assignment of the fifth is that the employer does not need to give its approval. It is a secure form of financing, which keeps the installment at source, while the loan amount is disbursed in a single solution to the applicant's current account. The guarantee of repayment of the debt, which is upstream, makes this option viable even in the case of bad payers or protesters.
- The characteristics of the assignment of the fifth
Even if you are registered in the list of bad payers, the characteristics of the salary assignment do not vary. In fact, you have the possibility of having at your disposal:
- fixed rate for the entire repayment term
- a repayment that can vary from 24 to 120 months
- possibility of requesting it even without a guarantor and with other loans in progress.
However, it is mandatory to take out dedicated insurance that will protect the capital requested on loan, even in the event of job loss.
