Individuals appearing in the National Credits Incidents file have real difficulties in obtaining a work credit.
It is often not easy to find a credit institution for FICP.
What are the possible solutions to find an organization able to finance the works? Can we believe in the realization of his dreams being in the FICP?
What can be understood by FICP?
The FICP is a national file of Incidents of payment of Credits. It displays all the information regarding unscrupulous individuals involved in payment incidents. This file is managed in principle by the Bank of France.
It centralizes the data of all the credit institutions with regard to the payment incidents that have been noted when repaying the financing received. This file also provides information on recovery plans for individuals.
This database lists personal overdrafts and overindebtedness situations. It is fed daily by credit institutions, banks, and over-indebtedness commissions. Banks and financial institutions are required to consult this file before granting a credit or overdraft authorization to a person. This file provides information on over 2.5 million individuals in France.
The registration of an individual to this file is subject to certain rules. He must be involved in a loan repayment incident. These are situations of non-payment of 2 consecutive monthly loan payments, overdraft authorized improperly or default on repayments.
The financial institution or the bank is obliged to bring the information to its borrower before any registration procedure. The borrower has a period of 30 days to be able to regularize his situation. It escapes the inscription on the file.
Registration is for a maximum of 5 years. After regularization of the situation, the individual is removed from the FICP database. The credit institution which had meanwhile proceeded to the registration deletes the particular file. Otherwise, the individual exercises his right of rectification by seizing the bank or financial institution by mail.
How to get a credit works when one is on FICP?
You have to find a credit agency willing to take the risk. It is a difficult task but not impossible. Some banks and credit organizations do not even take a look at an applicant’s FICP file.
In fact, carding should not be considered as a sanction but the information given to the actors of the banking system. The financial difficulties of the past must in no way hinder the projects of tomorrow.
The first step to take is to pay off debts. This shows his seriousness and credibility with the institution. The consolidation of his loans proves his desire to realize his dreams- Help Is Here. The payment of the debts opens the right to a cancellation of the FICP.
The bank or financial institution has less than 2 months for the name to be permanently removed from the FICP. It is possible at this time to apply for credit without any constraints.
Faced with an inability to pay the entire loan, it is advisable to make small regular payments to reduce a little bit of its debt. In the worst case, it will be necessary to be patient and wait for the disassembling after 5 or even 10 years.
The tips for getting a credit job being on FICP
The first solution concerns microcredit and assisted loans. Some organizations such as the association for the right to economic initiative and the family allowance fund accompany the over-indebted individuals to get their head out of the water.
They grant microcredits for a return to the stable situation. This microcredit must be used primarily for useful purposes. It should never be used for recreation or travel at the risk of worsening the situation.
These organizations help to quickly find solutions to carry out their projects. The second alternative is the repurchase of FICP credit. This is an operation that consists of a consolidation of credits in progress.
There are financial institutions that specialize in such a process. To overcome any constraints of the FICP file, the purchase of credits is recommended. It aims to quickly remove the file, have a reasonable debt and obtain funding to carry out work.
The third solution is more suitable for private owners of buildings. They are allowed to apply for mortgages. This transaction aims to make a loan that covers debts, loans in progress and loans from the treasury.
The guarantee concerns the mortgage on the buildings. Outside, interests, it is required the expenses of the file as well as the notarial acts. It is recommended to be cautious for the latter solution. The heritage is put into play through mortgages on the building.