Loans: what to do to avoid waste

When a loan is requested from a bank, you do not have the certainty that it can be successful, especially if the request is raised by a person who is part of problematic categories such as bad payers or protesters. A category that, unfortunately, has expanded in Italy over the years due to the difficulties generated by the economic crisis. Many people who had jobs have in fact lost their source of livelihood over the years, eventually finding themselves unable to honor the repayment plan for the requested funding.

The revolution taking place in the world of work

The revolution taking place in the world of work

It should also be remembered that the revolution taking place in the world of work, starting from the approval of the Jobs Act, has had some noticeable repercussions on our society, excessively expanding the possible audience of people who no longer have the guarantee of the old place fixed. Citizens who have joined those who were already part of the large platoon of temporary and atypical workers. Just think, for example, of the difficulties that have always been encountered by the so-called VAT numbers in relations with banks, precisely because of the lack of secure income sources such as those connected with the possession of a pay slip.

How the banking system is adapting

 

The very situation that has been created has forced the banking system to take on new needs, giving life to a bouquet of products that can take into account the change taking place in society. Thus, products reserved for more or less problematic figures, such as non-contractualized workers or bad payers, have become increasingly widespread. Products which also allow these users to remedy by providing guarantees beyond the pay packet.

As happens for example in the so-called loan with guarantor, which provides for the presence of a third figure capable of remedying in the event of failure to pay what was agreed in the contract. While for the workers who enjoy a permanent contract, but have had credit problems in the past, the loan with a salary assignment is available.

The risk of waste still exists

The risk of waste still exists

Even in many of these cases, however, it is not certain that the bank or the financial company will respond positively to the customer’s high demand. The refusal that can be opposed by the body to which we are addressed, however, can provide the inspiration, after the first anger, to understand what was wrong with our approach. Being able to identify the critical point in our request, we can finally develop a scheme by which we can finally have a higher percentage of possibility that the request is approved by another institution. Developing a good alternative plan is the best way to avoid having to grumble against a world that does not understand us.

The reasons behind the refusal

The reasons behind the refusal

At the base of the refusal in front of our request for a personal loan, there can be various reasons. Usually the experts are in agreement that the reasons for the refusal are the following:
– the applicant has made multiple loan requests during the same period ;
– the applicant is on the list of bad payers based on the reports of the Central Risks (for example the CRIF);
– the applicant is characterized by a weak profile, ie a low income, a recent hiring, a fixed-term contract, too many concurrent financial commitments and other critical issues.

Rejected requests: solutions

Rejected requests: solutions

Just by taking a quick look at the list of reasons behind the greater number of refusals, we can draw up a series of countermeasures suitable for preventing further denials by banking institutions. For example, the first remedy to be adopted is that aimed at avoiding the request for several personal loans at the same time. The reason is easy to understand: banks are unlikely to grant loans to those who are already committed to repaying other loans, since it is precisely the accumulation of commitments that could eventually generate a crisis of availability and send the circuit to a standstill.

In the event that the request for a loan comes from a bad payer or in any case from a person who has a high risk profile, and in general in the event of requests for personal loans refused, there are two types of solutions: request the fifth transfer option, expressly dedicated to employees or retirees, or make use of the presence of a guarantor or a co-obligor. In these cases the counterparty will have an additional guarantee that should eventually tip the scales on the loan side, while continuing to request a loan of another kind would only waste time.

Naturally these are very different solutions: the request for a personal loan in the form of a salary assignment requires the possession of some specific requirements, in the form of an employment contract or pension and is therefore precluded to atypical workers, for the which the request for a loan with guarantor becomes more productive. In the latter case, it is a case of a form more suitable for resolving the issue in the event that the reasons for the refusal derive from a too high risk assessment. Just the presence of a third figure ready to guarantee the bank on the return from the exposure assumed.