Loans with Financial Credit Institutions are part of the fast payday loans that are so popular in Spain. Undoubtedly, the difficulties experienced by those seeking credit to face urgent payments have made this type of loans fashionable. In fact, its strong presence in television and Internet ads is closely associated with the crisis that we have experienced in our country.
Next, we tell you the essential characteristics of the loans with Financial Credit Institutions.
What does the reference to Financial Credit Institutions mean for loans with Financial Credit Institutions?
In the first place, it is worth mentioning a first definition of Financial Credit Institutions. These acronyms correspond to the National Association of Financial Credit Establishments. Therefore, the objective of this organization is to ensure the interests of entities such as insurers and banks. In this sense, as you can imagine, one of the biggest problems of those responsible for these businesses is that the delinquency grows, which directly affects their accounts.
In this regard, Financial Credit Institutions draws up a delinquency file with which it tries to prevent more defaults and put land in between, broadly speaking, between good and bad payers. In short, this census also serves banks to stipulate, based on their criteria, who are entitled to credit or not.
For traditional credit institutions, the Financial Credit Institutions census is a useful tool for healing in health. In fact, it is one of the first information that they look at when analyzing if a loan is going to be granted.
However, it must be noted that, in the inclusion of some people in this Financial Credit Institutions relationship, some injustices are committed (for example, to appear on the list for not having paid a telephone company that has cheated you) or disproportions (you can appear, also, for owing a minimum fee of one month of a receipt, due to a mistake).
In order to guarantee access to credit for people in these situations, the loans have been devised with Financial Credit Institutions.
The conditions to access the loans with Financial Credit Institutions
Take note of these simple requirements:
- Residence in Spain
- Age of majority
- Phone number and email address
- Accreditation of regular income
- Current account provision in active
Other advantages of loans with Financial Credit Institutions
We have told you that the main advantage of these loans is that, although they appear on the Financial Credit Institutions list, they will grant them. But there is more. You will save time and money in cumbersome paperwork and queues at the banks’ windows. You can request the loan that suits your needs (amount and term of return) online and you will have the money, in less than a day, in your current account.