Appearing in unpaid files visibly limits our possibilities of obtaining financing. Many banks refuse to approve any application even if the debt for which we are registered is negligible and, if we need financing, we can quickly find ourselves without options.
According to our profile, the debt for which we appear in ASNEF and our financing needs, there are several credit alternatives with ASNEF to which we can go without problems by resorting to the loan comparison on Matchbanker.
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Loans that accept people in ASNEF
Today there are many mini-credits that allow people with Financial Credit Institutions to access the financing they offer. These types of credits usually offer a maximum of 300 euros and have a repayment period of up to 30 days. For this short term, they are designed to solve small unforeseen events that may arise.
Currently it is also possible to find some quick credits that offer financing with ASNEF. These loans will allow us to get up to 5,000 euros for any purpose. This type of financing has very similar characteristics (in price and term) to credit cards.
It is important to bear in mind that these types of loans are repaid in a single term, so if we request 100 euros in 30 days, we will have to return 130 euros when the term ends. For this reason, it is important to be completely sure that we will be able to meet the repayment of the credit on the agreed date.
They are aimed at people who need extra financing to solve small economic emergencies and who are sure that they will be able to repay the loan without problems. Therefore, the debt for which we are registered in ASNEF must not exceed € 200, and must not come from another credit institution or a bank.
If we look for more money
If we are looking for loans of larger amounts and we are in Financial Credit Institutions, the only alternative is to go to loans with home equity. However, these loans are not intended for project financing, but for the reunification of debts or the acceptance of inheritances.
These types of loans allow us to obtain up to 30% of the value of the home that we put as collateral and have a cost of around 12% APR. They are aimed at people who need financing to reunify debts or to accept inheritances who are in Financial Credit Institutions and need large amounts of money. You need to own a home or have paid more than 85% of it.
We must bear in mind that this type of financing requires putting our home as collateral, so in case of non-payment, we run the risk of losing the home.
What if I want a loan for purchases?
If neither mini-credits nor home equity loans are adapted to our financing needs, it will be very difficult to get a consumer loan. Some banks could approve the financing request if the debt is very small and is not related to a bank, although it is rare.
In these cases, the only way to access the financing we are looking for is by deleting our data from the files. Once the debt is paid, it will be as if we had never appeared in ASNEF.
This information is in our Basic guide to ASNEF loans.
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