When there are too many unsustainable loans and installments, the sale of the fifth is useful for consolidating debts and thus improving one’s credit. It is becoming increasingly difficult for families to arrive at the end of the month: too many installments to pay, more and more expensive daily expenses, unexpected expenses and non-existent economic aid from the institutions. We often ask ourselves how to improve our financial situation, how to reduce monthly expenses in order to improve the family economy and of course live more peacefully.

Enter the game the Cession of the Fifth

We at LeaseCredi believe that a valid solution is to request the assignment of the Fifth, because it is a financial instrument known for many years and has several advantages, including the possibility of consolidating other loans in progress by reducing monthly payments, easy to request, safe and fast. To finalize the application of the Cession of the Fifth for a consolidation of the debt means to obtain a loan to balance again a bad and heavy financial exposure, that prevents to have greater availability to face the small daily expenses. The payday loan consolidation via best bill consolidation company is often used to eliminate other loans obtained in the past under less favorable conditions in favor of other improvements, which generate immediate savings. A correct financial consolidation operation, also benefits from the credit quality of the applicant who frees the central financial risks (CRIF) from excessively high monthly debt, to become after a more reliable customer and, if necessary, also definable.

The Cession of the Fifth is a form of a financial loan that can also be required to consolidate debts of a different nature in addition to the financial one. Each family may have deferred various payments in installments, including tax and tax, or loans requested to relatives or acquaintances. The consolidation of all these monthly deadlines, through the request of the Cession of the Fifth, allows you to better face your economic and family situation, eliminating all the installments in order to support only a smaller and safer, guaranteed by adequate insurance coverage included in the return.

What is the Cession of the Fifth?

We begin to clarify what is the assignment of the Fifth, highlighting the technical aspects and the main advantages for the customer; This is a type of loan that can only be accessed by Public Employees, State Employees and Inps Retired Individuals, former Inpdap or other pension institutions. It provides that the monthly installments are deducted directly from the paycheck or from the pension slip and paid to the lender directly from its administration where it is employed, has a maximum duration of ten years and allows you to obtain important amounts that you can discover contacting us. Furthermore, the monthly payment can not exceed 20% of the net salary/pension, a factor to be held in high esteem, because this means that if our pay, net of all the withholdings, is a certain amount, we will not have to pay more than 1/5 a month. Furthermore, to obtain this loan by assignment of the fifth, no justification or additional guarantees are required and the maximum age (at the end of the loan) is set at 85 years. Another important advantage of the Cessione del Quinto is the possibility of obtaining it even in the presence of financial problems, such as reports in databases and bank checks or bills.

Consolidate debt independently thanks to the Cession of the Fifth

Let us dwell on one of the most important aspects that characterize the Cession of the Fifth if required to combine more loans in one installment, that is, consolidate debts in progress. The consolidation of debts, as the same term suggests, is an operation aimed at enclosing in a single loan all the other loans (including any other assignment of the fifth in progress) in previous years, with the aim of obtaining only one installment more sustainable. This particular form of loan, in addition to being able to be requested even in the presence of other exposures, makes it possible to obtain the liquidity necessary to cancel one, two or more installments (according to the amount that can be granted and the debt to be repaid), by paying only a lighter and smaller amount. Now we translate the whole thing into one big advantage: delaying the total debt over time, but above all being able to support the weight of the only monthly installment with greater certainty, obtaining in some cases also considerable savings in terms of interests. With respect to other debt consolidation financial instruments, the transfer of the Fifth makes it possible to consolidate, in total autonomy and independence, financial or other debts based on the personal preference or scale of decided priorities. This is because the following approval, the sum requested will be paid directly to the applicant, who will decide freely and in what ways and times pay off the debts according to their urgency and need. A credit check of a regularly accredited Financial Agency registered with the OAM body that regulates its activity will assess its usefulness with the utmost transparency and competence, through consultants regularly qualified for financial activities. Therefore it is essential that in order to correctly establish the usefulness and the feasibility of consolidation, a verification process is essential, which consists in requesting in advance the extinction accounts of the outstanding loans, which will attest the real amount to be paid to the same financial institutions for the With the closure of funding, well-structured financial agencies are available to provide guidance on the most appropriate procedure.

Bad Compass Payer: What to Do? 3 Solutions for a Financing!

Image result for loanBad Compass payer , find out how easy, fast, and secure a new loan is!

Were you reported in the database on the list of bad payers from Compass? Are you having trouble getting loans ? If you are hired as an employee with a permanent or retired contract, we can help you .

Request a free loan quote for bad payers now . Within 24 hours you will be contacted by one of our consultants with whom you will define the conditions of our best estimate . Received your confirmation to proceed, we will activate for the preliminary investigation.

Do you have a question? Write us a comment on this page immediately; Below you will find a dedicated space to write your question. Colleagues will promptly respond (free service).

What happens if I do not pay a Compass loan?

Unpaid installment Compass , what are the consequences? In the case of non-payment or late payment of one or more installments of a personal loan or a revolving credit card, the lending institution will report to the credit data banks the irregular payment. The databases linked to credit are:

  • CRIF
  • Experian
  • CTC

These reports may penalize you for subsequent requests for credit, certainly until these will be present and not canceled. In this article (hereinafter the link) you will find more details on the time spent in the database information, methods and time limits for cancellation.

Bad paying payers Compass: here’s how!

#Many users ask us ” Compass makes loans to bad payers “? If we talk about personal loans, the answer is no. Due to the logic of this loan, no Compass loans are allowed for bad payers as this type of financing provides, during the preliminary investigation phase, the monitoring of the databases.

What does it mean? When a loan application is made, if we are obviously talking about a personal loan, the institute to which it is addressed automatically interrogates the credit databases such as Crif, Experian and CTC . These return a report related to the customer’s history, whether it has ever made funding, whether paid regularly or if bad payer .

In the latter case, obtaining a personal loan by debiting a current account is not possible.

Bad Payer Loan: how to do?

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There are solutions for access to credit in the case of negative reports in databases; these are aimed at retirees or employees, hired indefinitely. To date, there is no solution for different types of income earners, except for those just mentioned.

What are bad payer loans?

  • employee loans
  • delegation of payment
  • loan changed

The first loan , the assignment of the fifth, is aimed at employees and pensioners, while the other two can be requested only if hired as employees with permanent contracts.

Do you need assistance for your rejected funding? Here you find the link to access the Compass Financing customer service .

Bad Payer Compass: Consolidation Debts How to do?

You have several loans in progress, but are you listed on the list of bad payers ? Do you want to consolidate your loans in only one installment, but you are a bad payer Compass ?

As said before, for those who are a bad payer , in these cases access to credit is granted only to employees or pensioners. In fact, it is only these two types of income earners that may require new funding and thereby consolidate other ongoing commitments.

Some sites promise easy solutions, alternative to the fifth or to the cambializzato , but for our experience it is not so. There are those who offer certain solutions in exchange for the payment of a commission, advice, insurance or other expenses. The advice is to take these proposals with the tongs, they are often just tricks! Even after paying the requested sum, the customer will never get anything.

Bad payer financing: the Globalfin solution.

The financing proposed by Globalfin (a credit brokerage company regularly registered as OAM No. M359) is the solution for those who report late payments .

This loan is equivalent to the transfer of the fifth salary or pension. Only for employees it is possible to request a second loan similar to the first one, called the payment proxy . Both loans in question can be renewed with effect from 2/5 of the installments provided for in the amortization plan .

How does it work?

Forwarded the request through the form on our site, within a few minutes you will be contacted by a colleague to verify the feasibility of your request. If so, a home appointment will be set up with one of our consultants who will follow you from the request until the loan is granted.

The service is free, no cost nor early expenses.

Where do you live? Milan, Cremona, Turin, Rome, Naples, Foggia, Reggio Calabria, Florence, Sassari, Bologna ? Well, we are also present in your city. Our collaborators network is active throughout Italy.

Even if bad payer Compass, even if you have already made other requests for loans, immediately evaluate our free estimate. Loans to bad payers allow you to get credit even if with a protest or foreclosure (only to employees and pensioners).

How will a consumer proposal affect my credit?

Filing a consumer proposal will affect your credit rating as well as your financial health; there is no doubt. Anything but regular payments on time to your credit accounts will negatively affect your credit rating and taint your credit report. New creditors or potential lenders will see these black marks on your report and your approval may be affected.

While this may seem extreme, a consumer proposal administrator will not allow someone to submit a proposal if they do not need to submit a proposal. In general, the impact of such a request would affect your credit rating more than the benefits you would get.

Standard ratings of credit accounts in North America

Your Canadian credit rating, the ranking you are most likely familiar with, is a 3-digit number that represents your borrowing habits and overall financial health. Each of your credit accounts is also assigned another type of ranking, represented by a letter (R, O or I) and a number (1-8).


R = Revolving credit, for example, a credit card.

O = Open credit account, such as a line of credit.

I = Installment credit, for example, a car loan.


1 = Your loan payments are always on time

2 = Your loan payments are late by 30 days

3 = Your loan payments are 60 days late

4 = Your loan payments are 90 days late

5 = Your loan payments are 120 days late

6 = This figure is not used usually

7 = Your credit account is the subject of a consumer proposal

8 = This means that a secured creditor has taken steps to recover the asset that was used as collateral. This rating rarely appears on credit ratings

9 = You are bankrupt

Your credit rating after submitting a consumer proposal

Each of your credit accounts included in a consumer proposal will be assigned the worst credit rating, an R-7. As soon as your Consumer Proposal Administrator submits your proposal and it is accepted, the credit rating of these accounts will change to an R-7. Once you have completed your consumer proposal, meaning that you have completed your payments, a note stating that your consumer proposal is completed will remain on your credit report for 3 more years. This means that a consumer proposal negatively affects your credit as well as your financial health up to 8 years, depending on the duration of your payments (usually you have a maximum of 5 years to complete a consumer proposal).

Should you be worried?

One of the most requested questions regarding consumer proposals and credit ratings is if you should be worried about the impact of such a proposal on your credit rating. Unfortunately, there is not really a clear answer to give. Technically, the answer is yes since you should always be worried about the extent of your financial decisions on it. But we do not want that to stop you from filing a consumer proposal when it comes to the right decision. Seek the help you need

If the idea of filing a consumer proposal is gnawing at you, it surely indicates that you are trying to deal with significant financial problems. Finding the help you need to manage or improve these problems should be your primary goal, even if it means filing a consumer proposal and negatively affecting your credit rating for a few years. In most cases, getting help to get back on track is worth more than a bad rating.

Manage your debts

Debts can and will affect every aspect of your life. Taking the necessary steps to better manage payday loans via payday loan consolidation is always the best choice. Having a plan in place to put your debts under control and your finances on the right track will ultimately be beneficial.

Seek the help of a professional

If you are still concerned about filing a consumer proposal in your respective situation or are concerned about the impact it may have on your credit rating, you should seek the assistance of a professional. In Canada, a consumer proposal must be filed by a registered agent (sometimes called a trustee in bankruptcy); therefore, it is in your interest to contact an agent and arrange a first appointment to discuss your options.

The 4 smartest questions before asking for a loan

Are you one step away from applying for a loan? So before you get to the financial institution we recommend that you read this article completely, maybe we can help you avoid some financial problems in the near future.

It does not matter if the loan you request it because suddenly there was an emergency, an opportunity that can not wait another day or because you have been planning for some time for a specific objective- payday advance – the right financial assistance for you.

There are key questions you should keep in mind whenever you are applying for payday loans direct Lender Gadcapital – try them out. Of course, the number of questions you should ask is not just 4, but among the list of questions that should never be missing are:

  • The institution where I worked Do you have an agreement with the credit institution?
  • Am I a candidate for a loan?
  • What is the maximum amount you can lend me?
  • How long do they have to pay the total credit?
  • How much will I pay interest?
  • Are the payments frozen?
  • What is the best way to settle the debt?
  • What is the Annual Total Cost (CAT)?

There are questions that to some extent, are very obvious or that as the adviser gives us the credit information, they appear, however, there are others that few people do or do not even occur to us at the most important moment, which are precisely those minutes before signing.

It is important to understand that the advisors of credit institutions are trained to give information about the product or service, however, it is impossible to guess your doubts.

For that reason, it is essential that while they explain to you, you put 100% of your attention and anything you do not understand, ask at that moment. On the other hand, there are questions that the advisors answer immediately, being that part of their explanation is focused on that, precisely on the most obvious information.

Your job, as I mentioned, is to look for smart questions that can get you out of trouble in advance. Let’s see 4 smart and necessary questions you should ask before applying for a loan:

  1. At the end of the loan, am I a candidate for another loan ?: Most of the institutions that grant loans, give you the opportunity to request another one after a certain time of having paid off the previous one, so it is most likely that the answer is Yes, what you should investigate are the terms and conditions under which the new credit would come out.
  1. What is the best way to make the payment ?: Within the forms of payment, there is direct debit and payment via payroll. It is not that one is better than another, however, it is important that you know both methods to identify which is best for you and which will be best applied in your case and in that moment of life.
  1. What happens if I fall behind in the payments ?: Nobody wants to delay with some payment of a credit since many times this involves leaving part of your patrimony as collateral, remaining at the expense of losing part of it or paying many interests). The best thing to do is to ask in advance if there could be any type of penalty in case of happening and if so, what would be the penalty? The best thing is from the beginning to be 100% aware of what we can and can not do, in any case, also know the consequences of both.
  2. Is there an extension of time ?: As with the previous question, it is important to know if there is an extension of time in which you can settle your account. Maybe if your term was 12 months but for some reason, you fell behind 2, it is important to know how much longer you will have to settle that debt or if on the contrary, you must do it in a single exposure.