For all self-employed persons, holders of VAT number, it is possible to obtain loans or loans with bills of exchange for subjects that carry out business entrepreneurial activities (including professional ones), assuming the so-called business risk.
To finance its business activity, each independent entity can apply for a loan with a repayment of the loan by paying bills. Bills of exchange can be used to guarantee the repayment of the loan or in conjunction with other income, in order to satisfy the necessary guarantees for the provision of loans for self-employed persons.
Loans with bills for self-employed bad payers
Loans with bills of exchange for autonomous bad payers are non-finalized loans granted to subjects who carry out an independent business and professional activity, holders of a VAT number, who are not required to declare the reason for which they request the loan. Self-employed workers reported by databases such as Crif can apply for the loan with bills online by filling in the request for an online quote or by going directly to a credit brokerage agency or a bank counter.
For bad payers and self-employed workers, it is possible to submit the request for small loans thanks to the release of bills of exchange: this is a form of financing that is essentially based on the issue of debt securities, such as bills to guarantee the extinction the loan and the payment of the loan installments. Although the majority of banks and financial companies have abandoned this type of loan, in the commercial and operational practice there are several small financial agencies that, in addition to offering loans changed for any person hired with a subordinate employment contract, are able to finance the self-employed workers reported as bad payers, offering them customized financing solutions even in the presence of financial problems.
The disbursable sum is strictly related to the degree of reliability of the independent applicant for the extinction of the loan by paying the guarantee. The loan installments for self-employed bad payers are of a constant amount since the interest rate applied is fixed, which is much more expensive than those applied in traditional loans.
The estimates relating to loans exchanged with bad payers are free of charge and only after accepting the economic and contractual conditions of the loan, the self-employed worker will proceed with the stipulation of the loan contract with the simultaneous signing of the bills of exchange. In this case, being a self-employed worker without a paycheck, many credit institutions will require the signing of as many bills as there are installments to repay the debt contracted. The bill of exchange takes on a double “role”: as a payment instrument and as a form of guarantee to protect the creditor from any defaults.
Loan solutions for protested self-employed workers
For those who have suffered a previous protest for the non-payment of installments of loans or checks and are registered with the risk centers such as CRIF, a particular form of loan can be provided that of loans exchanged for protested subjects.
As with traditional protested loans, loans changed for self-employed individuals who have suffered financial difficulties or protests are ideal for obtaining a loan of minimum financial capital while possessing and presenting some additional guarantees in order to pay off the debt in a way. on time. To obtain a personalized quote, even if you are self-employed without a paycheck, you still need to provide personally the personal documentation, an income statement and alternative guarantees such as ownership of a real estate property.
Loans for self-employed individuals with guarantees
Since this is a special loan addressed to those who are reported as bad payers or have suffered a protest or financial inconvenience, the loan disbursed with subscription of bills of exchange is more easily granted by credit institutions to self-employed workers with the presentation of a guarantor or a guarantee. real or mortgage.
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Since it is very difficult for self-employed workers to obtain a loan with the assignment of a fifth of their salary or pension, they can validly opt for loans exchanged with guarantor. The guarantor or guarantor is a third party, unrelated to the relationship between the first obliged and the creditor entity, who will commit their income guarantees in favor of the debtor and will honor the debt in the event that the applicant proves insolvent. In order to receive a loan with bills of exchange, the self-employed worker must present a guarantor who is not, in turn, protested and registered in the Crif register.
As an alternative to the figure of the mallevadore, the self-employed worker who has to take out a loan with bills of exchange and with guarantees, should be the owner of a property or a registered movable property: in these cases the exchange debt could be guaranteed with the activation of a mortgage guarantee or collateral such as a pledge. As established by civil law, the pledge is a guarantee right on movable things, on credits or on rights concerning movable property (article 2784 of the Civil Code) which is established by signing a pledge contract. The pledge contract that “engages” and perfects the financing with bills of exchange, is a real contract that requires the ” traditio ” or the physical and physical delivery of the thing or document that confers its availability (in this regard the first paragraph of article 2786 of the Italian civil code).
And when the bills are without guarantee?
For self-employed workers who want to finance their business, taking out a loan with bills of exchange, without presenting further guarantees, is an increasingly demanded product in the current macroeconomic context. In fact, given the instability of the scenario and the precariousness of employment conditions, loans without paychecks and without guarantors are increasingly dynamic products and subject to the evolution of the context. These loans allow you to access the credit market quickly, securely and reliably : you can apply for them at financial branches, credit institutions and small financial intermediaries specialized in this type of credit offer.
Loans with exchanges are possible in the category of unsecured loans which allow to repay the debt contracted with the payment of bills, taking into account a certain expiration date established and signed by the parties. With this operation, the bill of exchange comes to represent the title of credit granted as collateral in order to protect the repayment and timely fulfillment of the loan. In some cases, the loan promoted to subjects without a paycheck is granted with the issue of a single promissory note to guarantee and extinguish the obligation, thereby protecting the creditor.
In fact, if duly filled in and stamped, the bill of exchange is a title of credit that protects the creditor’s right, in the event that a breach of the obligation occurs. Being a credit certificate or, better, a written form of payment, the bill of exchange allows the beneficiary to collect a debt (in case of non-payment) by direct action, without presenting an injunction and waiting for the bureaucratic “delays” and judicial. Therefore, the creditor has the right against the defaulting party to collect:
- the unpaid sum resulting from the exchange effect;
- default and legal interest at the Best Bank rate from the date of presentation;
- protest charges and all secondary charges and fees.
Solutions with bills in 24 hours: is it really possible?
In order to obtain immediate liquidity to meet all urgent expenses, a self-employed worker can apply for fast-changed loans, even online. In a very short time, we speak of less than 48 hours and, in some cases, even of only 24 hours, it is possible to receive a personalized loan based on financial needs and requirements.
The timing of disbursement of fast bills of exchange depends very much on the amount that is requested by the self-employed worker and on the time frame of the evaluation of the preliminary investigation with which the bank or financial company handles the paperwork. However, since the loans are exchanged, the pre-evaluation phase does not require such long timescales and it is estimated that in less than 48 hours from the date of acceptance of the loan, the check or transfer can be received with the required financial capital. By relying on online loans, the practices are usually much faster (speed is one of the peculiarities of the loans requested on the internet).
Can they be requested on the internet?
Speed is an absolutely peculiar feature of online loans and credit consumers are increasingly inclined to forward their own documentation by filling in the financial form available on the electronic market. Even for self-employed people who are preparing to apply for a loan with bills of exchange, they can benefit from this very valid alternative by attaching to the request for the loan also the documentation concerning their personal and income situation, with the faculty of the creditor companies to request a further form of guarantee or the stipulation of a guarantee policy.
By inserting a few simple personal data into the online questionnaire, the application is directly forwarded to the financial companies which, in turn, contact the potential customer for the assessment of the financeability and the communication of the outcome of the application. If so, the loan settlement with online bills takes place within 24 hours from the signing of the loan agreement in a single solution by bank draft or bank transfer. In certain cases, at the discretion of the self-employed worker, an advance can be requested within three or four days, an advance which is always paid by bank draft sent to the home by registered letter and the subsequent balance shortly.
Loans: contractual and economic conditions for self-employed
As regards the contractual and economic conditions, loans with bills of exchange for the self-employed can be disbursed from a minimum of 1,500 USD to a maximum of 30,000 USD and, under certain conditions and guarantees, even up to 50,000 USD. The duration of the amortization plan can be up to 120 months, but normally it never exceeds 60 months and the promissory notes issued and subscribed by the debtor are all of the same amount, given that the interest rate applied is fixed.