Currently, it is very common to find people who are registered in files of defaulters such as financial credit institutions or RAI. The reasons for being included in one of these lists are very varied.
Being in financial credit institutions means that many companies see you as a “defaulter”, but you can be on one of these lists simply because you do not agree with your electricity bill. Therefore, not all people who are inside one of these files are deliberately delinquent.
However, traditional financial institutions do not take into account the reason why you are included in a list of defaulters. They simply do not give you credit if you are delinquent. The mini-credits with financial credit institutions have come to solve this situation.
Why are mini credits given with financial credit institutions?
Financial entities do not grant credit to people in financial credit institutions because they believe that they are users with “risk of default”. In other words, they believe that by simply being on a list of defaulters, you will not pay them the loan.
However, the mini-credit entities with financial credit institutions know that this is not the case. For this reason, for some years now, more and more companies have opened to the market for delinquent registries.
They know that there are many people who can not get financing in the traditional way, but they need it and they will give it back.
Are the mini-credit entities with financial credit institutions granting them to anyone?
The requirements of mini-credit companies are much more flexible than the requirements that you can find in a traditional financing company, such as a bank.
However, that does not mean that they grant 100% of the credits that are requested. Although the requirements are low, they exist. Do you want to know what are the requirements if you are a user in financial credit institutions?
Common requirements in mini credits
Since the mini-credits that are offered to people in financial credit institutions are also available to those who are not “delinquent”, the first requirements to be met are those that the entity has for all users. The most common are to be of legal age, reside in Spain or have a source of income.
Origin and amount of debt
The mini-credit entities want to help people who unfairly do not receive funding from other sources. But in order to help the right people they need to know the source of the debt for which you are included in financial credit institutions. If your debt comes from invoices there is no problem. However, if it is a financial debt for a loan, you will not be able to access the mini-credit for obvious reasons. Similarly, many companies have a limit amount of debt. For example, 1,000 or 3,000 euros.