What is Lender? – The acronym Lender does not mean anything other than the Association of Financing Entities. It consists on a practical level of a list in which delinquent persons appear, individuals with debts of different amounts to one or several entities that collaborate with this association. In general, the companies that provide the names of their debtors to this list are those of telephony, banks or financial entities, insurance companies and gas companies.
Why can I be in Lender?
It is quite simple to become part of that list, not to leave it, you just have to have a provable debt with an entity listed, however small, and your name may appear on it with full guarantee. It is not a pleasant thing because it carries its consequences.
Being part of this list of defaulters prevents one from doing or asking for things such as unifying their loans, requesting loans both at a personal level and for a company where they are part, cannot apply for a mortgage, cannot perform financial operations and, even , you will have the option of making simple steps such as changing insurance or telephone company.
Resolve the debt you have acquired
There are many disadvantages of having your name appear on the Lender and, unfortunately, it is not difficult to appear on it, whatever the reason for your debt, if you have one, you risk being part of the list. You can be up to 6 years if you do not resolve the debt you have acquired, and it must be eliminated by paying it and sending all your data via e-mail, fax or ordinary mail as a copy of the DNI with the correct address and the receipt that verifies that the debt is paid off, only then will it get its name removed from the list of delinquents, as it is popularly known.
Is it possible to get a loan while in Lender?
Luckily, we find some financial institutions that offer loans with Lender , although few, such as Lender and Borrower in which you can request a quick loan even and being part of that list, is not very common, and in this case they are based on another type of documents to make sure that the loan is going to be repaid. You can also always ask for a home equity loan. For this type of loans Lender is not a problem.