Loans changed for distrained

Have you suffered an asset seizure action and now need a loan that has been changed ? Then, follow this guide and discover the product dedicated to your needs. On the other hand, different types of financing are possible that, until recently, were not present on the credit and banking market: among the subjects that have suffered a foreclosure or a protest, there are different segments of credit customers, they are employees private and public, pensioners or VAT number holders.

A very special loan is the loan to foreclosed subjects, which in the latest times of economic crisis, has experienced unprecedented development. In this case we speak of a “niche product”: the loan for the distrained   it can also be found online and falls into the largest category of personal loans.


We are talking about very peculiar cases, given that many people have previously had problems of protest and foreclosure , in recent times due to the economic recession and the greater probability of losing their jobs.

Content index

  • Loans to foreclosed subjects: peculiar characteristics
  • Loans with bills for the attached parties: protection of the creditor’s rights
  • Consequences for insolvent
  • Economic conditions

Loans to foreclosed subjects: peculiar characteristics

The global economic conditions have meant that many people have found themselves, starting from 2009 to today, in great difficulty in employment and, therefore, the number of foreclosure shares has increased and grown exponentially.

In the face of these renewed conditions and of a change in demand from this catchment area, the supply of loans by banks and financial institutions has also had to be adapted with the inevitable consequence that the demand for loans changed has considerably increased.

Why do we talk about bills? Because the change title is a credit instrument, a payment instrument and an enforceable title (if regularly signed and stamped) that acts as a guarantee for the creditor , in the event that the debtor, the borrower, turns out to be insolvent.

Loans with bills for the attached parties: protection of the creditor’s rights

Even for all those who have had problems of timely fulfillment of the loan in past years or in the present and boast an executive procedure that is linked to the attachment currently in progress, it is now possible to give him “partial” access to the credit market.

Loan for foreclosures is a type of personal loan to meet the financial needs of public employees, retirees, state employees and private sector workers. In any case, the creditor seeks to recover against the defaulting debtor , seizing an asset or part of its assets , to try to satisfy itself on the credit provided by the same. All this leads to a judicial auction to sell the asset (houses, land, movable property) object of foreclosure to get the most out of liquidation.

Consequences for insolvent

Consequences for insolvent

For those who find themselves in a situation of this kind, however, both, when you are subjected to a foreclosure, you are automatically registered in the registers of foreclosures (or protested or bad payers) and reported as such by the databases.

For this reason, when assessing the creditworthiness of a person reported as such, it becomes almost impossible to access the credit market by addressing the request to banks and financial institutions, if not following the release of certain guarantees. Guarantees that are inherent in the promissory note, a credit instrument that gives the creditor the opportunity to protect himself against a default or insolvency of the attached party.

Economic conditions

Economic conditions

With respect to the activation of a “canon” personal loan, the loan backed by a money exchange guarantee has costs and economic conditions that are more onerous than the average of the credit market. Let’s take a look at a loan exchange prospectus , whose financial capital disbursed is € 20,000 with a repayment term of 36 months and, under the same conditions, a personal loan that has not been changed .

Illustrated Prospectus: personal loan not changed

Installment € 595.03 (monthly)
APR 6.09%
Amount paid € 19.580,00
Amount Financed € 20,000.00
TAN fixed 4.51%
Total to be repaid € 21.421,00
Initial costs Preparation: € 420.00
Taxes: € 0.00
Periodic expenses Monthly: € 0.00 – Annual: € 0.00

Illustrated prospectus: loan to protested subjects with issuance of bills

Installment € 649,29 (monthly)
APR 8.39%
Amount paid € 20,000.00
Amount Financed € 20.720,00
TAN fixed 8,00%
Total to be repaid € 23.400,02
Initial costs Preparation: € 0.00
Taxes: € 16.00
Periodic expenses Monthly: € 0.00 – Annual: € 3.20

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