How to leave ASNEF
What for many is a real nightmare, for others it goes completely unnoticed. ASNEF , an acronym that makes more than one tremble, but that generates indifference among a good part of the population, better for the latter….
However, how you never know the turns that life takes, for some and for others, we explain what Financial Credit Institutions is, what consequences it has as consumers and investors and how we can get rid of it. Stay tuned.
ASNEF: what, when and why
ASNEF is the acronym for the National Association of Credit Financial Establishments, so far, the thing does not arouse suspicion, right? But if we tell you that it has the largest file of data on non-compliance with monetary obligations provided by creditors, things change ...
The ASNEF file includes all those people who have breached any monetary obligation , and that poses a problem for the debtor, since every credit institution consults the file before granting, for example, a loan. So, do you think it is easy to apply for a mortgage if you appear in ASNEF? Obviously not.
The first record of defaulters and defaults in the Spanish market emerged in the mid-1990s when financial and banking delinquencies were at all-time highs. The objective of such registry: the provision of information services on financial solvency and data credit (both for individuals and legal entities) to support decision-making in the financial and credit field. In other words, inform banks, savings banks, Fintech or other companies about who pays and who does not pay their debts.
The consequences of going out in ASNEF
Broadly speaking, it is impossible to apply for a loan, credit or advance, and if it is possible, do it for much more money. Those who appear in ASNEF are faced with a multitude of obstacles, when not with higher commissions and interest rates , but not only in the banking sector. Hiring a phone line or renting a flat can also be an odyssey.
Over the last few years, the inclusion of people in the file has brought with it a certain controversy due to the ambiguity of some cases, for this reason, the law currently obliges them to comply scrupulously with a regulated procedure and certain requirements before registering someone. In addition, any citizen has the right to consult their data in ASNEF.
Leaving ASNEF, a priority
It is true that there are companies, such as some online credit institutions, that are willing to grant you a mini-loan while still appearing in this file, however, they are the least, hence the importance of getting out of it.
If you have contracted a debt, because you owe several electricity bills or the installments of a credit, microloan or mini-loan, and you want to leave ASNEF you must carry out one of the formulas that currently exist to unsubscribe, for example, try to reach an economic solution with the creditor to cancel the debt, if it is an error, notify the regulatory body or prove the lack of prior notifications, or allow six years to pass, since your data will not be able to remain in the file any longer.