Monthly Archives: February 2019

Home-Modified Loans

When you want to carry out renovations but also when you want to carry out simple maintenance work, you have to bear the costs. Unfortunately, due to the current economic crisis it is not easy for everyone to bear extra expenses.

In these cases, therefore, we normally resort to home loans, that is, targeted loans that allow us to use the money received to support the renovation or maintenance costs of your apartment.

Getting a loan is not always a simple task. On the contrary, especially in these periods the requests for rejected loans are increasing. In these cases, to obtain a line of credit able to satisfy one’s needs, it is possible to opt for loans that have been changed for the home.

Before taking care of the loan with bills of exchange we try to analyze the reasons why the classic financing can be denied to the applicant.

The causes are mainly two: the insufficiency of income guarantees and the negative financial status of the applicant.

Due to insufficient income guarantees we mean the lack of a proven source of income such as the employee’s paycheck, the pensioner’s pension slip and the self-employed income tax return. On the tax return, however, another separate understanding could be opened, the self-employed not having a fixed monthly fixed is not always frowned upon by the lenders. Those who fail to submit documents certifying a perceived income that according to the bank is sufficient to be able to repay their debts see their request rejected.

Prestiti Cambializzati per la Casa

The negative financial status instead we identify it as the “historical” of the applicant. Banking institutions dig into the potential client’s past and see whether he has had negative past history with further debts. Who turns out to be protested or bad payer will hardly see his / her request accepted, unless you are able to exploit the assignment of the fifth of the salary or the assignment of the fifth of the pension.

If you are in one of the two already mentioned situations and therefore you have not been able to get the money hoped for there is the possibility to be satisfied by using the changed loans. Financing with bills of exchange may be required for the most varied reasons, either for renovating one’s own home or for carrying out routine or extraordinary maintenance but also for purchasing any other type of good or service. In fact, we are talking about a non-finalized loan where the client does not necessarily have to declare the purpose for which he / she needs the money and once obtained he can spend it as he wishes without having to undergo any bond of the creditor.

Loan with bills of exchange can also be granted to those who do not possess particular income guarantees, bad payers and protestors.

Logically, guarantees must be presented but in addition to being documented by paychecks, pension coupons or income tax returns may be represented by the property owned by the applicant. If, for example, the customer owns a motorbike or a car, he can use it as a guarantee to obtain his loan. Alternatively, should you not be in possession of the guarantees required to obtain a certain amount you can get help from a third person who in jargon takes the name of guarantor and provides its own income guarantees that are in addition to those of the customer .

As already mentioned this type of credit is also granted to those who in the past have had problems in repaying old debts. Modified loans for protestors or bad payers allow these individuals to be able to gain access to a credit again. This can be done thanks to the repayment method, which unlike the classic personal loan that uses the installments uses bills of exchange. The bills are executive securities that give the creditor particular power. The creditor may, in the event of non-payment of the amount due, request the attachment of the debtor’s assets and possibly also those of the guarantor. The seized assets will then be sold through an auction and the amount obtained will pay off as much as due.

It is precisely this function of the bill that allows the creditor to be more serene and to have less worries if the debtor does not honor his debt.