An excellent solution for those who want to obtain a financial loan quickly and without having to submit too many documents is that of the loan with bills, a loan granted without having to show and present their paycheck as the payment of the monthly installments is honored by the payment of bills. We see in this guide what this type of financing consists of and which are the main competitive institutions in providing the loan with a bill of exchange.
The bill of exchange represents a title of credit that allows the creditor (often a credit institution) to obtain a more rapid fulfillment of his claims in the event that he is unable to fulfill the pecuniary obligation. Thanks to the enforceability characteristic of this credit title (guaranteed by the tax stamp), the credit institution manages to start the expropriation of the assets, without having to go through the ordinary bureaucratic “delays” that instead would be activated in the event that the installments of an “ordinary” personal loan are not properly met: this means that if the bills are not paid on time, the bank will deposit the title directly by the notary to start a protest and refer to the assets in a manner as fast as possible.
A bill of exchange may be issued in the form of a “treat” or “IOUs” in the first case the bill is set up as a payment order that the lender gives the borrower, the order to pay a certain amount a specific date to a third party. In the second case, the promissory note is a promise of payment that the same debtor formalizes with this credit title and this is the form of promissory note most commonly used in loans promoted.
For their spread and increasing use in the credit market, it is good to know how a bill of exchange is compiled : on the bill of exchange, DATE AND PLACE OF ISSUE must be written, for example Milan, June 27, 2016; enter the AMOUNT in euros or the amount of the due to be paid expressed in numerical figures, indicating the DEADLINE if on a specific day or I will pay on September 20, 2016, at a certain time given, or I will pay in a month, on sight or the bill of exchange will be paid as soon as it is presented, at a certain time seen or the bill of exchange will be paid when the time period indicated by the date of the protest or acceptance begins.
Loans exchanged are a form of non-finalized financing and, like all other types, it has the purpose of providing a financial amount with the obligation to repay the amount according to an amortization plan. Loans exchanged represent a form of loan sought by creditors who can satisfy themselves on the assets of the contracting party in the fastest and fastest possible way.
The subjects who can request the use of this form are all those who have a regular economic and financial situation with an ad hoc credit rating, or they can also be subjects who, in previous situations, have had many difficulties in honoring their debt, they are reported by the Central Credit Register as protesting or bad payers.
Let’s see where to find a loan changed that is right for us and that suits our financial needs; in this guide we mention the best offers on the credit market since there is an unprecedented increase in loans with bills of exchange, which suggests that the economic system is collapsing and free of liquid assets.
Interesting is King Loans’ promised loan proposal which allows obtaining a loan with promissory notes not aimed at persons who are employees, retirees and self-employed persons with demonstrable income, the installment amount of which cannot exceed 30% of the monthly net income received by the applicant. As regards the amount, it varies from $ 2,500 to $ 31,000 with an amortization period that varies from one to ten years with the possibility of repaying the installments with bills supported by a credit institution; Loan delivery times vary between 8 and 10 days from the date of the loan request. It is possible that the figure of a guarantor or the subscription of a life insurance policy may be requested, for further information and sending documentation to request the assessment of the practice write to [email protected].
Another interesting loan proposal with promissory note is the one offered by Lite Lender based in the Milan and Brianza area which, with over 30 years of experience, also grants loans to promoters and bad payers with promissory notes of a duration of 18 72 months and the possibility of providing loans only to those who are resident in Lombardy.
Global Credit offers a promissory or loan loan, a valid alternative financial product to the ordinary one which differs in the repayment system that takes place via bills instead of the RID or the Postal Bulletin; this is a product that Global Credit reserves to those who hold a life insurance policy if it has been in use for at least 3 years with redeemable capital and to employees with a TFR guarantee. The minimum duration of the loan is 3 years with a maximum of 10, it is a loan suitable for those who need a loan not aimed at a specific purchase of an asset, it is accessible to all private workers hired on permanent contracts, determined and part-time. Workers of small or large enterprises or non-EU citizens with regular residence permits can also be financed, the loans are at a fixed rate with amortization plan in constant installments to be repaid through bills with monthly expiry. No specific guarantees are required, but only in the case of high amounts with respect to the assessment of creditworthiness is the indication of a guarantor required.
Since this product is a “niche” product, it is generally better to contact specialized financial companies that often operate in large cities such as Milan, Turin, Genoa and Rome for information and quotes.