Assignment of the Fifth: it’s boom time of crisis!
Depopulated consumer credit: fewer loans to individuals and businesses and more supplies of the fifth of salary. Banks like these loans because the armored guarantee fixed monthly revenue from a salted and insurance to the customer. If you are looking for a breath of fresh air for their own finances, however, pay higher rates (around 8%) because they exceed an average of two points on the interest rate charged for personal loans.
The surge of the supply
According to surveys Assofin increased payments is around 25% in the first three months of 2009. Professionals, however, relate to a still larger increase that goes far beyond 30%. The disbursement of personal loans to individuals is decreased by 10%. The new road was defeated primarily by retirees looking for liquids. Among those who belong to this class of lending has risen even strengthened by 41%.
“Unfortunately, the assignment of the fifth is now the route of escape for those who do not arrive later this month with its own pay and that was it,” says Giancarlo Cupame, president of Assocred, the National Association of Wholesalers credit products. “It is also a result of strict lending by banks, a policy we do not guarantee the credit because the person helping the entire country system”, commented Cupame. “The sale of the fifth has exploded in recent times, until recently was a niche product and was the last resort for those who need money, ’says Roberto Anedda, director of marketing Mutuionline. “It has retained a form of distribution very archaic and opaque that ends up picking up the costs.”
How much does it cost?
To make a difference in assignment of the fifth is the client profile that affects the final cost of the practice beyond the rate applied to the loan. This is because the supply is accompanied by policies required by law that its cost will vary depending on the type of use, age, gender of those who want funding. “The insurance component weighs very much on the costs to be paid and a percentage could reach even half of the total expenditure,” says Anedda. DONOTCHANGE
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