Self-employed workers, unable to access in the absence of a pay slip to the assignment of the fifth salary, can obtain credit only through personal loans, consumer credit (for the final purchase of goods or services) and revolving cards (or mortgages in the case of purchase home).
Loans for self-employed persons are granted only if the applicant is not protested or a bad payer.
Financial institutions (due to a fairly high number of outstanding payments on this category of applicants) carry out a preliminary check at the databases and chambers of commerce to verify the credit status of the applicant.
These are fixed rate loans and constant installment with amounts up to 31,000 euros (there are some personal bank loans where higher amounts are also granted). The reimbursement takes place via bank rid.
In recent times there was (only for bad payers) the alternative of the loan (which in some cases was granted to self-employed even if bad payers) whose reimbursement took place through monthly bills of exchange.
This type of financing was suspended by most of the financial companies that granted it at the end of 2008.
In the event that a loan is requested for self-employed and you are aware of payment errors or protests it is necessary to proceed first with the cancellation at the databases and central risk in order to avoid incurring a refusal.
The eligibility parameters vary in any case from financial to financial. It is possible that if some institutions do not evaluate an applicant without credit history so well behind (who has never asked for funding and therefore do not have a historian) others will provide the requested credit without any problem.
It is therefore advisable, if a refusal is obtained (not due to protests or registrations in central credit registers), to try other roads in other institutions.
It is also advisable to pay attention to small businesses that ask for expenses upfront against the promise of lending to self-employed persons. It could be a trick for the collection of small sums without the guarantee to subsequently disburse the financing (the same are often justified as “financial consultancy costs” for which they are no longer returned to the applicant)