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Loans to protesters and bad payers are a financing opportunity sought with particular interest by all those who have had past financial problems but urgently need liquidity: unfortunately when it ends up being reported in the data archives consulted by banks and financial institutions it becomes more difficult obtaining money, for which the loans for protesters and bad payers are a category of product provided only under particular conditions, as we will see in this detailed guide dedicated to the subject. Not necessarily those who in the recent past have had problems with the payment of the installments or with the coverage of checks and bills is an inveterate fraudster, indeed very often the problems arise for bureaucratic hitches or seemingly minor formal issues, and that instead can create huge inconveniences, when they are not really the result of errors or illegitimate practices. Whatever the cause of the protest or of the non-payment of the installments, the consequences involve considerable difficulties in accessing credit, but in our analysis we will see how loans to protesters and bad payers are, however complicated to obtain, however possible. A summary is on

What does it mean to be protested?

What does it mean to be protested?

When you issue a bank or postal check, or you have to honor a bill of exchange, you must have the authorization or provide the economic cover necessary so that the recipient can collect the agreed amount and reported on the paper document: you become protested when you are not able to honor the payment of the credit title, after a long process that leads to the registration of the debtor in a special Register of Protests, which is set up, the Interbank Central Alarm unit which stores all the information concerning the issue of checks and credit cards. Therefore the protest turns out to be by definition a public deed aimed at ascertaining the non-payment of the credit title which is approved by the so-called levatory officers, or notaries, bailiffs and their assistants, municipal secretaries and heads of the Bank in Italy’s Compensation Room present in Milan and Rome (substitutive declarations of the protest). Once the procedure has started, it is still time to settle the debt by paying related expenses and penalties in order to avoid registering with the register.

If no move is made to obtain the rehabilitation and subsequent cancellation from the Register of Protests, you remain enrolled for up to 5 years before obtaining the automatic cancellation, with considerable difficulties to find additional funding in addition to all the problems that could be encountered in penal seat on the creditor’s initiative.

The causes of protest

The causes of protest

The causes of the protest that lead to registration with the aforementioned register may be different: in summary we have

  • Payment order by empty checks, totally or partially uncovered, ie without the necessary funds
  • Post-dated payments that turn out to be discovered in a later investigation
  • Payments by fake checks, counterfeit or incomplete in their compilation, so that the creditor cannot collect the amount agreed upon
  • Delays in the payment of one or more installments of a loan, a loan or a loan
  • Skip the payment of one or more installments of a loan, a loan or a loan

Going along general lines, it is customary to distinguish two types of protest: we have a banking protest when irregularities are verified on the issue of a bank check or postal check, while there is talk of a protest protest if the irregularities involve credit instruments such as drafts or promissory notes., or bills of exchange.

The registration process

Before arriving at the Register in the Protest Register, there is a procedure that envisages different phases with precise timing, in which the debtor can settle his position thus avoiding the heavy financial consequences related to the presence of his own name in the protester group list. We can identify 4 phases of the protest process, which are:

  • Notice of disclaimer, in which the competent public officer opens the formal procedure by notifying the debtor at his domicile: he has 60 days to pay the balance of debts and related expenses to avoid registration
  • Protestation, in which all personal and financial data related to the protest are filled in a paper and electronic document, which will be sent to the President of the District Court, who in turn will send it to the President on the first day of the month of the Chamber of Commerce of the district of the court
  • Protest Bulletin, or the list immediately preceding that of the protester group, in which one can still modify one’s position by paying the due plus expenses and penalty provided for by the law, since the protests can be suspended, changed or canceled
  • Registration in the Register of Protests set up at the protester group, where your name will remain automatically up to 5 years of stay, with the addition of time-limited obligations and prohibitions linked to the issue of checks and the stipulation with any institution for new agreements of issue of credit instruments

Being bad payers: the end-to-end knowledge company archive

If the failure to pay checks and bills of exchange produces a protest, when two or more installments of a loan are not paid, you end up becoming bad payers, registered in special registers that are consulted by credit institutions and financial companies, effectively preventing, or however, making access to new credit very difficult.

  • after 6 months from the date of the loan request for a loan in the course of preliminary investigation
  • after 1 month from the refusal or renunciation of a loan granted
  • after 36 months from the date the loan was repaid repaid correctly
  • after 12 months from the notification of regularization of one or two unpaid installments, but on condition that in the aforementioned period, the payments were always regular
  • after 24 months from the notification of regularization of three or more unpaid installments, but on condition that in the aforementioned period, the payments were always regular
  • after 36 months from the date of extinction of the loan for loans not repaid or with serious arrears, as originally envisaged, or from the date on which the bank or financial institution sent the latest credit data update

The consequences for being registered in the registers

Being reported as protesters or bad payers involves a series of increasing difficulties, not only for the damage of image and reputation in their professional sphere, since these databases are public and can be consulted by anyone upon payment, but also because loans to protesters and villains Payers are much more difficult to obtain: on the basis of the risk policies that govern their action, banks tend to be wary of those who have failed to comply in the recent past, and generally expect a strengthening of guarantees to disburse loans, to varying degrees if you are employed or self-employed, as we will see in the following chapters.

The reasons for ending up enrolled in the registers are varied and sometimes even involve a not guilty, or slight negligence, on the part of those directly involved, however in any case to obtain a loan from protested or bad payers requires solid guarantees, such as a surety, otherwise the outcome of the request can only be negative.

How to get loans from protesters or bad payers

The growing economic difficulties of families and businesses has led to an increase in the solvency difficulties, so how to get loans from protesters and bad payers has become an increasingly pressing and urgent request by customers, and this user base is widening more and more., it has been a natural consequence for banks and financial institutions to offer new opportunities to the reported for financial problems, so much so that there is now a specific sector aimed exclusively at this category.

When you present your loan application with the related documentation attached, the approval or not of this application is preceded by the so-called preliminary phase, in which in the analysis of the loan is evaluated, as well as the financial soundness of the applicant, his creditworthiness: it is in this moment that being reported to the Registry of Protests or that of the end-to-end knowledge company involves a negative assessment and a high risk of rejection of the application, with the further consequence of not being able to advance other requests with the financial companies for a certain period of time. So how to get loans from protesters or bad payers ?

The importance of guarantees

If you have not ended up enrolled in the registers in an unconscious manner, which is an event that is more frequent than you think, it is a good idea to take precautions both from the preliminary phase of the major protections in support of your loan application: for a protested person, the guarantee is the password, since it is of fundamental importance for a bank, more than any potential “normal” client, to deal with a person who can demonstrate that he is in possession not only of sufficient financial means for the sustainability of the repayment, but above all to guarantee a certain and punctual return of the loan obtained. The greater the guarantees given, the more will be the possibilities of accessing credit even in the condition of bad payer.

What are these guarantees? Clearly the situation changes considerably if we talk about a public sector worker with a permanent contract, just to give an example, compared to a self-employed worker with VAT number: for now we limit ourselves to mentioning in general the main and most widespread guarantees, which we will then analyze in more detail in the following chapters. The most widespread guarantees are

  • the paycheck
  • the ownership of a pension (seniority, old age, survivor)
  • the signature of a third figure who acts as guarantor
  • a real estate mortgage

Once these guarantees are presented, if you are informed about the feasibility of the transaction at the bank or financial institution chosen, the chances of obtaining the loan become higher. For employees of the private and public sectors, as well as for holders of welfare benefits, it is quite easy to get a loan to protested and bad payers using the sale of the fifth formula, which provides for a guarantee precisely the payslip or payslip of the pension, in order to protect the bank against insolvency. For self-employed workers and freelancers, who cannot count on these equally solid guarantees, the easiest solutions are the signature of a guarantor to obtain a surety, or try to request a loan with bills, or still use movable and immovable property to guarantee, as we will explain in detail in the dedicated chapters.

Another more tortuous way, because it requires longer times that contrast with the need to obtain immediate liquidity, is to be removed from the register of protestors and bad payers, which is possible when you have been reported for illegitimate reasons, for errors, or simply paying immediately the amount due and protester groupting for the time needed for rehabilitation and subsequent cancellation. Once the inconvenient negative label has been removed from the database, you will be able to request any type of loan at any time without the fear that this ballast could prevent the provision of a loan.

Protested employees and bad payers: the salary assignment

Protested employees and bad payers: the salary assignment

Loans to protesters and bad payers are easier to obtain if you are a salaried employee of the public sector and tried for an indefinite period, or even for a fixed term provided that the loan has a repayment plan with similar timing to the contractual expiration, since you can access the assignment of the fifth, a type of personal loan that is also provided to pensioners. This financing thus defined is a fixed rate personal loan that is repaid through a deduction in the pay slip (or on the social security check) for an amount not exceeding one fifth of the net monthly salary, or 20 per cent of the total.

Since the bank or financial institution has a certain and demonstrable income before it, and the amortization is stipulated with the employer or pension institution that actually pays the installment to the credit institution through the withholding, this type of financing is suitable for to be paid also to protesters and bad payers.

The characteristics of the sale of the fifth

The advantages of the sale of the fifth are different, as we show in this brief outline:

  • Repayment plans from 24 to 120 months
  • No proof of expenditure
  • Possibility to request an advance on the payable capital
  • Fixed interest rate
  • Also available with other loans in progress
  • Also available with past financial mistakes
  • Insurance coverage for credit protection

Best deals for the sale of the fifth 2018

After having explained what are the peculiar characteristics of the sale of the fifth, we want to offer an overview of the best 2018 offers of this type of financing that we have been able to visualize using on-line simulators and comparators: where it is convenient to turn on a fifth sale for protesters and bad payers considering interest rates and financial conditions?

Sale of the fifth of yobank

Let’s start with the sale of the fifth yobank, one of the largest credit institutions in our country, which offers up to 75,000 euros without preliminary fees or fees for the payment of installments, being able to advance the request up to 82 years of age. The fixed interest rate is 6.95 percent, so for example we can have

an applicant with a fixed income of 1,000 euros for salary or pension that can pay a monthly installment of 199 euros to be reimbursed in 60 months obtaining just over 10,000 euros in total, for a final return of 11,940.00 euros including related expenses, for an APR of 7.29 percent.

PLN Assignment of the fifth

Another rather tempting offer that we have found in comparisons between institutions and financial institutions in 2018 is the sale of the fifth of PLN, which proposes a fixed TAN of 5.19 per cent, being able to request even very high amounts, a little more than 100,000 euros, with cancellation of stamp duty, preliminary investigation costs and collection commissions, while brokerage costs are expected to be around € 140. An example of financing with this institution provides a request for 23,000 euros which involves a monthly payment of 250 euros in 120 months with 6,634 euros of interest to be repaid and an APR of 5.45%.

Sale of the fifth Onecredit

With regard to the sale of the fifth of Onecredit, we also in this case have the possibility of requesting amounts of up to 72,000 euros for a public employee, a little less a private employee who can obtain a maximum of 47,000 euros. The fixed TAN is at 5.50 per cent, but with this credit institution preliminary investigation and tax charges are foreseen, so that the maximum applicable APR arrives for figures up to 15,000 euros at 18.5625 per cent, over 15,000 euros at 14.8875 euros. Assuming a fifth of the salary for a public employee we can have for example an installment of 300 euros a month for 120 monthly payments, obtaining a capital of 27,000 euros which involves an APR for 6.19 percent, and a total to be returned to the bank of 36,000 euros.

Astrofinance Cession of the fifth

As always Astrofinance offers periodically financing at very advantageous costs, and for example until September 2018 for the sale of the fifth online we can have a highly advantageous proposal: in addition to the usual zeroing of brokerage commissions and practical management, stamp duty for periodic communications and replacement stamp duty, please note a TAN and an APR both set at 5.17 and 5.29 per cent respectively, obtaining 16,000 euros to be repaid in 120 installments with an amount of 171 euros per month, and a total due which will result in 20,520 euros at the end of depreciation.

In this summary table we summarize the financial conditions proposed by our examples of the sale of the fifth 2018 taken from online simulations

Institute Amount received Amount due Monthly installment Duration TAN APR
Yobank € 10,000 € 11.940 € 199 60 months 6.95% 7.29%
PLN € 23.225 € 30,000 € 250 120 months 5.19% 5.45%
Onecredit € 27,000 € 36,000 € 300 120 months 5.50% 6.19%
Astrofinance € 16,000 € 20.520 € 171 120 months 5.17% 5.29%

Debt consolidation

Debt consolidation

Another possibility to obtain credit by always focusing on the sale of the fifth is debt consolidation, an increasingly widespread tool to try to avoid household over-indebtedness. Thanks to this financial product it is possible gather all the loans in progress in a single installment at the selected finance company, stipulating a higher amortization period and a similar or even lower interest rate, in order to make the extinction of debt more sustainable and easily manageable. Furthermore it is possible to request additional liquidity in addition to repay together with the already existing debt

Not all financial companies agree to provide debt consolidation to protesters and bad payers, but in the presence of employees with permanent contracts it is possible that they can be granted, always using the salary assignment as a method of repayment of the monthly payment.

Offers for debt consolidation 2018

As for the sale of the fifth, we take a look at those that according to the simulations and on-line comparisons seem to be the best offers to consolidate debts 2018, which we remember for the protesters and bad payers can be paid only through the formula of the assignment of the fifth as method of reimbursement, which can therefore be activated to pensioners, public employees and private employees.

CreditExpress Compact from Onecredit

Among the examples of loans to bad payers and protested Onecredit you can try to apply for the CreditExpress Compact which offers from 2,000 to 50,000 euros to collect old debts in a single installment and also have additional liquidity. The duration of the repayment plans varies from 36 to 120 months and provides for a fixed TAN of 10.20 per cent and a maximum APR of 12.37 per cent. For those requesting consolidation with the sale of the fifth must add the cost of insurance against early death and loss of employment that could affect the repayment of the capital obtained. Let’s see an example of debt consolidation with Onecredit:

Assuming a figure of 15,000 euros to be repaid in 84 months, we will have a fixed TAN of 10.20 per cent while in this case the APR will be 11.13 per cent, for a monthly repayment installment of 253.08 euros.


Among the bad paying and protested loans Fiditalia there is the debt consolidation solution called Unika, which provides for amounts that can be financed from 3,000 to 30,000 euros and a duration of the repayment plans between 24 and 84 months. The fixed TAN is at most 10.40 percent, while the APR can reach 16.91 percent. Here is an example of Financialor for a request of 10,000 euros : the amount of the monthly amortization installment will be 196.44 euros for 65 months of amortization, having the fixed TAN at 8.90 per cent and an APR at 10.49 per cent, for a total amount due which will be 12,993, 65 euros.

PSL Bank

Another interesting proposal for debt consolidation is the Bank PSL, which can also be granted to protesters and bad payers through a reimbursement with salary assignment. We have no possibility to offer simulation examples, but we can remember what are the advantages of this proposal, namely:

  • Single installment
  • Possibility of a lower rate
  • Possibility to delay up to 120 months
  • No mortgage guarantee required
  • Rates and rates inclusive of all charges

Through the single loan for all previous debts, it is possible to make the amortization more sustainable through a single lighter installment that extends the amortization period, having the possibility of requesting additional liquidity and competitive interest rates compared to those that are on average applied by the institutions credit with debt consolidation.

Protested autonomous workers and bad payers

Much more complicated is to obtain loans for protested self-employed workers and bad payers, who, not having a demonstrable fixed income, cannot access an instrument such as salary-backed loan that significantly reduces the risk levels for a bank or financial institution. The classic personal loan is to be excluded, unless alternative guarantees are presented during the preliminary investigation. What can these guarantees be? In summary we have:

  • Loan with guarantor or surety
  • Loan with bills of exchange
  • Mortgage loan on the house
  • Loan with pledge
  • Loan with alternative guarantee income

Let’s see in detail how loans can be provided for self-employed bad payers or protested using these guarantees.

Obtain loan through guarantor: the guarantee

The most practical hypothesis to try to get loans to protesters and bad payers who turn out to be traders, artisans, entrepreneurs and self-employed professionals with VAT number, is to rely on a guarantor, that is a third figure that plays the role of co-obligator for the debt repayment. The surety, as the disbursement of money through a guarantor is technically defined, provides that: in the event of failure to pay the installments of the amortization plan by the owner of the loan, the guarantor will intervene by settling the amount due when it is precisely the obligation to repay the debt.

The only way to attempt to obtain credit concretely through a guarantor therefore requires that this third figure presents some requirements considered fundamental and unavoidable: obviously a solid balance sheet, ie a demonstrable fixed income that is sustainable with the required amount, but above all must show an unassailable financial reputation, expressed with what in technical jargon is defined as creditworthiness : the guarantor must therefore have demonstrable financial records in the databases consulted by credit institutions, and these must be positive. It will seem trivial to underline it, but it is inevitable that the guarantor should not be reported as a protestor or a bad payer, otherwise the request for funding will necessarily be rejected.

Loan changed

From self-employed, but not only, when liquidity is urgently needed without having a real chance of obtaining capital, often the only possibility is to request a loan with bills through those financial and brokerage companies that intervene precisely to offer a bank to whom he would have no other possibility of obtaining credit. This type of loan is based precisely on bills of exchange, that is credit instruments such as “drafts” or “IOUs”, which must be signed and a stamp must then be affixed. The substantial difference with the installments is that in the event of non-payment, even of a single maturity, they allow the creditor to foreclose the debtor’s assets. However, there is also a positive difference with respect to the classic amortization rate: by agreement with the creditor it is also possible to postpone the date of payment of the bill of exchange, if there is not sufficient liquidity for that day.

Other features of the loan are:

  • Applicable amounts generally between 2,500 and 50,000 euros
  • Amortization plans between 12 months and 120 months
  • Possibility of renewal of bills of exchange
  • Higher interest rates than personal loans
  • General financial conditions tend to be more expensive

For those who find themselves in extreme difficulty, often the loan with bills is the only possible option, but the suggestion is to evaluate other roads well and to still compare various estimates before accepting a loan, as we have shown the overall costs can be also very exorbitant.

Mortgage on the house as a guarantee

In the absence of a guarantor, and not wanting or being able to submit to a loan with bills, you can try to offer real guarantees on the assets owned by you, and see if the bank or financial company on duty agrees to a loan on these conditions, hypothesis however not obvious. A first attempt that can be made is to ask for a mortgage on a real estate property, an ideal solution when you need to get a lot of money, since the real estate has a very high value, and besides asking for the mortgage you do not lose the possession of the good. Precisely for this reason it can happen that a credit institution can refuse to provide capital with a mortgage on the house as a guarantee when the amount requested is modest, since for a bank it would be complicated to recover the capital in the event of insolvency, having to face a process that is too complex.

Credit on pledge

There are not only real estate assets to be used as collateral to obtain credit: above all, for more modest amounts, you can try to request credit on pledges of tangible assets, such as jewelery. Pawn-credit operation is very simple:

  • An assessment is made of the good
  • The equivalent value of the asset in cash is paid to the applicant
  • An amortization plan is agreed for the repayment of the capital obtained
  • In the event of a regular balance, at the end of the amortization, the asset is re-acquired
  • In the event of failure to pay the balance, the institute will auction off the good to resume the missing money

How many actual possibilities are there to get pawn credit? There are not many financial companies and credit institutions that accept this form of guarantee, however some credit institutions do exist, and it is worthwhile to carry out a search to try to obtain these loans without a pay slip by pledging your own assets as security..

Make alternatives as a guarantee

A final possibility to try to obtain financing from protested self-employed workers or bad payers is to make alternative rents available as a form of protection of the required capital. What can these alternative incomes be? Typical examples in this sense are a tied up capital that generates a constant return and that it is not financially convenient to dissolve, or the rental of a duly registered property : it is not always easy to find a financial company that accepts the disbursement of a loan in this way warranty, in any case it is important to demonstrate during the preliminary investigation that you will remain the holder of the annuity for the entire period necessary to complete the amortization of the loan.

Small loan opportunities

Small loan opportunities

Another solution that various financial companies and credit institutions provide to customers is the small loan, which is a rather modest loan, from 500 euros to 5,000 euros on average, which is precisely why it is more easily sustainable even by whom it is reported as protested and a bad payer, as the risks for the bank or financial are much lower. Basically who offers the small loan proposes a credit line, which can also be rechargeable, with a function similar to revolving credit cards, but without additional costs; the amount to be repaid corresponds exclusively to the sum used by the beneficiary of the small loan, on which the fixed interest rate is applied to the amount actually spent, to be repaid through a personalized amortization plan and agreed with the financial company in the contract, through low and sustainable installments (even 40 0 50 euros ).

Obviously to get a small loan capacity needs and guarantees are necessary: you must be holders of a bank or postal account, a certificate income with paycheck receipt for dependent workers under permanent contract, or tax return for self-employed and the pension slip the pensioners. But for protesters and bad payers, how many possibilities are there to see them disbursed?

The possibility of obtaining a small loan is arbitrarily reserved for the individual bank and the risk policies applied, however the opportunities always increase through the accessory guarantees that strengthen the protection of credit in the eyes of the institution: having a third guarantor or even alternative rents fixed as an incoming rent, can greatly increase the chances of getting the approval. In some cases, even the certifications of regular payments on the current account can be sufficient to obtain the approval of the loan, but as always we cannot generalize and the evaluation changes from bank to bank. In the event of a positive outcome, the loan will be disbursed within 48 hours of the request, and the reimbursement will start regularly the following month according to the agreed methods.