Loans with foreign payroll: how to overcome obstacles?
The request for a loan with a foreign pay slip is very difficult to find a bank (even more complicated with the financial ones) willing to grant the requested sum. The reason is quite simple: foreign payroll refers to a non-Italian employer, which can be difficult to trace or even subject to laws that are not applicable in Italy and vice versa. How to solve this problem?
Personal loans up, financing down
Between the two it is much easier to obtain a personal loan, because it is subject to a less rapid preliminary investigation phase, which allows for greater verification. Obviously, if the employer is “reliable” and has agreements or agreements with some Italian banks, the process becomes much simpler, even if it is not said that particularly good economic conditions can be achieved.
On the other hand, with the finalized type of financing, the matter becomes much more complicated, and in almost all cases the practice will come to an end as soon as the foreign pay envelope is presented, a problem that can be overcome by always opting for personal ones.
Obviously, there are some forms that are not subject to creditworthiness assessments, so they do not encounter the same obstacles as in other cases, such as for example the loan on a pledge, for which it is enough to have and exhibit identity documents (such as a passport) regular, and put a valuable item under warranty (see also Mortgage Loan ).
Attention: Even with the use of bills of exchange, resistance can be encountered, which even the protested subjects do not find if they are Italian: it is necessary to see what is the situation of the residence and domicile of the person interested in obtaining the loan.
If for the banks (see also Bank Loan ), or a good part of them, having a foreign paycheck is considered as the lack of an acceptable income, there is no problem if together with the applicant there is also a Italian citizen, with payroll or regular and provable income, holding the role of guarantor, or in some cases that of the co – obligor.
In this way the bank knows that in case of problems it has an already available income that can be easily attacked, without going to impact with laws and regulations that could be their obstacle.