Although not widely used in Italy, the changed loans can be really useful in some specific circumstances, since they allow those who do not have certain requirements (such as those without a paycheck, fixed-term or atypical contracts, unprovable income, without guarantors) to be able to take advantage of a credit in case of unexpected expenses or needs.
This also applies to those who have been protested or are bad payers, subjects who would hardly have access to other forms of credit otherwise. Loans promoted to protesters and, in general, to “atypical” workers (such as self-employed workers, project workers, etc.) are settled through bills of exchange and can be made not only by private individuals but also by banks or financial companies (see also Loan d ‘honor). However, care should be taken to avoid the risk of incurring too high rates. Here are some tips on how to do it.
Do not accept any conditions, but choose wisely
An emergency or a sudden need for liquidity could lead the applicant to accept any interest rate conditions from the banks. Loans exchanged with protesters, in fact, do not have a similar interest rate for each issuer, but each bank can decide on its own.
It would be good, therefore, before applying for a loan, to inquire carefully (even in the case of online proposals, especially if they are very interesting in terms, to avoid bad surprises) and then choose the bank or financial institution with the most advantageous interest rate.
Motivate the loan
One of the characteristics of the changeable loans is that of not being finalized, that is, of not requiring motivation from the applicant. If on the one hand this proves positive from the point of view of privacy, especially in loans changed to protested and bad payers, on the other it entails the payment of a higher interest rate. Put simply, it is as if the bank implied a compromise: “I am not asking you for the reason for the loan, but in return you pay me a higher rate”.
If the loan is motivated, the interest rate, on the other hand, sometimes drops considerably. If, for example, you need to buy a car with bills of exchange, you must specify in a contract proposed by the dealer the good or object of the purchase (“car”) together with its specific purpose (for example: “use staff “). Once this is done, you must sign the form and issue your identity card number and tax code (even in this case, no other requirements are required). Since the procedure is very simple, it is preferable, therefore, to think about it.
If you have a guarantor available, better present it
To obtain a loan from a bank with a promised loan, it is not necessary to present a guarantor, but even the signature of the applicant alone (single signature) may suffice. Provided that it is known that in this way the interest rates on the credit granted will rise.
To bring them back to at least ordinary levels, it would be appropriate to present a person similar to the figure of the guarantor. If the latter then has a very solid economic situation even better: the bank will be able to stay safe and the interest rate for the loan will be revised downwards.