Loans And Mortgages Information

The CRIF is the central financial risk and is a private database that the card illegally, or debt, thousands of people. CRIF are subscribers to all those who were insolvent in respect of a financial institution.

CRIF The list is not an archive of bad payers as more than 95% of those surveyed in the SIC have actually have reimbursed the rate of a loan or a mortgage, but probably have one or more occasions they did so with delayed. Only a small minority actually not paid in full.

The banks, when they receive a request for funding or request for opening a bank account by a customer, control the financial integrity of the latter.

In cases where it considers it appropriate to the bank may, after having questioned the CRIF, decide to refuse the disbursement of the loan or mortgage.

Every citizen may invoke Article 13 of Law 675/96 and whether data relating to him are kept in the CRIF. Where the list of Central Financial Risks and the rate have been normalized, however, citizens may request cancellation by CRIF.

The private central risks are usually known as a credit bureau and are more specifically of credit information systems (SIC).

CRIF is the operator of a credit information system called EURISC. Banks and financial companies with complete data transmit frequency variables. Requests for funding are sent every day while the funds disbursed are actually reported on a monthly basis.

How can we assess what is the best loan through the reading of these percentages?
First of all we must remember that TAN and APR are two parameters that are found in every type of loan, by law, be it a personal loan or a mortgage.

But what is?

Their definition is as follows:

• TAN literally mean annual rate. This rate is expressed as a percentage of the sum lent, and indicates the interest that the contractor or the loan will have to pay the loan to repay the bank credit. In this figure does not include any administrative and other costs, which are instead expressed in the APR.
• APR is an acronym for Annual percentage rate of charge. This is also a percentage, a period and this is information that the bank or where a claim is required to provide by law. A quantity whose calculation is not immediate and expressing in it all the overhead costs of the loan.

Always have a watchful eye on signing a loan, because small percentage differences can be solved in large differences in cash at the end of the month!