Many people contact us and ask: “ They reported me as a bad payer, what does that mean? ” Or: “ They made me a report in Crif: what can I do now? ”
In order to be able to answer all these questions and to clarify the many often contradictory information found on the net on the crif bad payers, we have decided to create a guide that helps you understand what it means to be bad payers and how you can get out of this condition .
However, before explaining how it is possible to arrive at a solution to the problem, it is necessary to explain how the crif signaling mechanism works.
Crif bad payers list: when do you become bad payers?
When there is a delay in paying a loan we have taken out, this data is recorded in the Credit Information Systems (SIC); these registers are commonly referred to as the “registry of bad payers ” or “bad payers list” .
So being a “bad payer” means having been entered in a computer register where payment delays for loans with banks and finance companies are recorded.
This enrollment occurs only if the non-payment of the installment continues for more than 2 months , even if not consecutive. Fifteen days before this data transmission to the bad payers register, the bank is required to notify the debtor giving him the opportunity to regularize his position. If, on the other hand, the delays continue one after the other, any non-payment can be reported to the Credit Information Systems even without notice.
Before granting a loan , therefore, credit institutions always check the reliability of the applicant by consulting these databases (Crif list). This information constitutes a sort of criminal record of a loan applicant. In fact, if you have been reported on a list of bad payers, it will become difficult to obtain new loans.
Do you want to be assisted in your cancellation from the Crif bad payers list? Fill out our form and get a free consultation from our experts.
Who sees the reports as a bad payer
By accessing the SIC, financial institutions can know the economic situation of the debtor. For example, through the Crif bad payers register, it is possible to find all the information relating to credit applications and the repayment of loans in progress. It contains data relating to all products (e.g. credit cards, mortgages, loans, etc.), the issuing credit institutions and the progress of payments.
This system contains both positive and negative information . Therefore, all the reports that credit institutions make on a monthly basis when a customer has late payments.
In Italy there are 3 private companies, not managed by a public body, which operate as SIC:
- CRIF (Centrale Rischi Finanziaria): is the most important company and was the first in Italy to introduce a credit information system. Almost all bank branches connect to CRIF on a daily basis to carry out checks on credit applications submitted by customers. It is also known under the name of EURISC;
- EXPERIAN : international group that has been operating in Italy since 1992: some banks use it as a second source of information to compare with Crif data.
- CTC (Credit Protection Consortium). The CTC was born with a different function (to report serious payment delays) but today in its functioning it is identical to the two previous companies.
It is the banks and financial institutions themselves that communicate our data and information on credit relationships with customers to these registers (processing the data with our prior authorization based on the privacy code). From this point of view, reporting is a useful tool for the consumer to avoid or encourage situations of over-indebtedness . In theory, in fact, credit or financial institutions should not issue new loans to those who have been reported (or, for example, salary-backed loans should not be issued).
Can I access my data contained in bad payer registers?
Every debtor can freely access their data registered in the SICs (in our article we speak in particular of the crif database), for example by requesting a Crif survey regarding the data contained in Crif/Eurisc.
You can download the Crif form for data request at this link: https://www.modulorichiesta.crif.com/
In the short video below we will show you how to fill out the request.
Normally within a few days these companies will send a document detailing all the information they have recorded to your email.
Bad payer how to know: To understand your situation, however, you must know how to read the Crif visura . How to do? We give you some basic information.
- The data of the individual loans are numbered and sorted by name of the lender (for which a loan from Compass will come before one from Astrofinance).
- To find out if you are registered in Crif as a bad payer , for each loan you need to check the ” PAYMENT TREND DETAILS ” line and those immediately below:
- A. if the ” late payments ” line consists only of zeros (like 00000000000) and the line below ” other reports ” no figures or letters are reported, then it appears that the loan is paid regularly ;
- B. if the line ” PAYMENT DELAYS ” shows numbers (such as 000122222) it means that you are in arrears of some installments . The higher number shows the number of installments overdue .
- C. if the line “OTHER REPORTS ” shows a letter “ I ” means that you are considered “Substandard” or the bank thinks it will be difficult to recover your loan .
- Q. if the ” OTHER REPORTS ” line shows a letter ” S ” we are in the most serious situation. You are now considered “suffering”: the bank thinks you will no longer pay your debts .
This verification must be done for each loan. If all loans are paid regularly, then your position is in order and you will have no problems with the banking system. If even just one of the loans reports delays, substandard or non-performing loans, then it will be very difficult for you to access new credit because you are registered as bad payers.
Will the bad payer no longer be able to have relationships with banks and/or financial institutions?
In most cases it will be possible to continue to have a current account, without a credit line, even if it will still be at the discretion of the bank to allow or not to open one. While it is very difficult for you to be granted new payment cards or loans. Only in the event of minor reports (such as one or two late installments), it could occur that the credit opening takes place, but at a higher rate.
How to obtain the deletion of data from Crif?
Bad payer how many years to write off? Bad payer for how long?
It is important to underline that the cancellation of negative data from the Credit Information Systems takes place automatically after a pre-established period of time (and it is not possible to speed up the process for a fee), let’s find out the
Bad payer how long it lasts: as established by the Code approved by the Privacy Guarantor, the data relating to the non-payment of one or more installments remain visible in the Credit Information Systems for:
– 12 months for late payment of 1 or 2 installments ;
– 24 months for late payment of 3 or more installments ;
– 36 months in the case of loans not repaid or with serious arrears.
Timings are understood to start from the communication of successful settlement with payments. In the most serious case of definitive non-payment, the data is canceled within 36 months.
It is important to know that it is not possible to delete the data if they are correct , i.e. if they correspond to reality. However, Crif reporting errors occur quite frequently by banks which, for various reasons, do not update the data or communicate them incorrectly. In these cases, the debtor has the right to have the incorrect data in Crif deleted with a simple request.
Instead, the behavior of many pseudo-consultants who request money from debtors in difficulty to “cancel the Crif” should be censored. Promises of miracles doomed to fail are being sold. The data would have been canceled within the times set out above, even without the intervention of the supposed consultant.
Equally incorrect is the behavior of some debt collection agencies, which use the bogeyman of Crif registration to scare the customer and somehow force him to pay the arrears.
Law 3 2012 and cancellation of reports as bad payers from Crif
Certainly, if the debtor has had access to Law 3 of 2012, and if the procedure has concluded positively with the approval of his situation, he will have obtained the discharge, or the cancellation of the debts to be paid.
The SICs must necessarily implement this situation, which is governed by an indication from Banca Italia on the management of databases in the event of over-indebtedness procedures.
We have several cases:
- in the case of a Consumer Plan or Crisis Composition Agreement, the SIC must register the debt as “repayable”. The report of this situation will be canceled after the plan or agreement has been paid in full, if it is less than 36 months, or at the end of the 36 months
- in the event of liquidation of the assets, the report will be canceled after 36 months
In any case, upon expiry of the plan there must be rehabilitation and cancellation from the list as a bad payer.
After a maximum of 3 years, there will be full financial rehabilitation, even with the cancellation of any data from the bad payer list.
It should be emphasized that accessing one of the procedures referred to in Law 3 of 2012 is important not so much and not only to return to being “clean in Crif”; it turns out to be especially important for definitively resolving the debt problem thanks to a procedure that resolves and protects the debtor .
Law 3 2012 therefore has as its main purpose that of giving the possibility of a new beginning to those who have contracted debts that are no longer payable. The debtor will be able to pay only what is right to free himself from his commitments and restart his economic and personal life.
Many of the subjects who request the help of Debt Plan professionals ask worried about the consequences of having been reported as bad payers , worrying more about the minor effect than the real problem. However, it is often precisely from this report as a bad payer that the push that has led our customers to request the possibility of accessing the CD arises. law saves suicides, and to solve not only the reporting in Crif, but the broader and more complex problem of family or small business over-indebtedness.
Our reporting cancellation activity is aimed at credit institutions which are required to comply with certain practices to protect the customer before sending negative reports to Sic. The anomalies to which this page refers are not attributable to omissions by the managers of the risk centers such as Crif and others.