For those looking for loans, sometimes the road to obtaining them is very complicated to practice, especially for those with a problematic historian as a payer. In fact, it may happen to contract a loan with the banking system, evidently thinking of honoring the payment plan prepared and then suddenly finding oneself in difficulty, perhaps due to a traumatic event and no longer able to honor the monthly installments agreed for the return. In these cases there is the risk of entering a list, that of bad payers, which in practice signals its name to the banking system, even in the case in which it was later possible to honor the contracted debt altogether.
Attention to operators
Once you become part of the databases shared by the banks and in which the names of the bad payers are included, you can find the way of the traditional financial system blocked, especially if you have not been able to pay the amount due.
If this happens, there are of course alternative roads, for example the transfer of the fifth of the pay slip, for those who can prove to have a job and, therefore, a monthly income on which the lender can still retaliate with ease, drawing on what is due to the source. A road that is clearly precluded to those who are not permanent employees.
Among the possible alternatives, there is also that represented by the mediators and the financials that characterize their presence on the market for the greater ease with which they manage to lend money even to those who also would not have all the reliability requirements usually required by the banks. At the same time, we need to remember how it is a universe that can hide not only pitfalls, but sometimes real scams. In this case, therefore, it is necessary to move with much circumspection and being careful to avoid the rip-off.
You need to know the operator you are addressing
The first trick that must be taken in order to avoid scams, is to give life to a rapid investigation aimed at making sure of the real degree of reliability of the market operator with whom a channel has been opened. In particular, it is necessary to verify that he is actually registered in the register of credit brokers or agents in financial activity, an operation that can be carried out by consulting the two lists on the website www.’s number. The same thing can be done using the lists posted on www.bancaditalia.it (supervisory section) and concerning the banks and financial institutions that are duly authorized.
We need to know a series of fundamental documents
The second step in this sense may instead be access to the information documents prepared by the lender before signing the contract definitively. In fact, SECCI, or the standard European information form, in addition to the contract, must be available for use by financial institutions and intermediary offices. The two documents must be read with extreme care, with particular regard to the costs associated with the stipulation of the contract, which must be indicated with absolute clarity and in writing. Otherwise, you cannot be subjected to any additional expense request. A mediator or an agent in financial activity naturally has the right to the payment of the commissions related to his mediation or consultancy activity. A fee that must however be communicated to the customer before the conclusion of the contract and therefore be in writing.
Avoid anyone asking for upfront fees
Another fundamental step to avoid having to curse the moment in which it was decided to approach an unverified financial subject with the right scruple is to avoid as much as possible all the operators who ask for advance compensation, before it took place in effects the disbursement of the loan. There are cases in which, even if the operation was not successful, the compensation requested and granted may remain with the intermediary, opening the way to the possibility of fraud.
In fact, repeated cases have been reported in which the commission was charged even though it was quite clear that in practice the financing would never have been disbursed. If you are faced with such cases, the incorrect or even unlawful behavior can certainly be reported to Antitrust and the Astro Bank.
Pay attention to the Taeg
Finally, we must not forget a decidedly technical aspect, which refers to the Taeg, which stands for Annual Global Effective Rate, which represents an indicator that aims to clarify the cost of a loan in the most complete and exact way possible. Purely virtual, it is not used to calculate the installments, going instead to indicate a figure that makes clear the overall cost of the loan. The great advantage offered by the APR is its possible use for comparative purposes, since in a short time it allows to immediately understand the idea of which of the proposals costs more and how much.
Also in this case, however, care must be taken, as the loans offered to problematic customers see within them the presence of the commission due to the intermediary, consequently leading to higher Taegs than those provided by the banks or to a financial institution.