Financial Credit Institutions are the acronyms for National Association of Financial Credit Institutions.
This organization is also known as the "List of defaulters", and being on the ASNEF list can be one of the most damaging things that can happen to us economically.
It is called "List of defaulters" Because this list includes people who do not pay their debts, thus becoming "delinquent," and no one wants to be on this list.
What is ASNEF EQUIFAX?
It is nothing more than a kind of file in which a large number of financial entities little by little they are adding those clients who do not pay their debts and who, therefore, become "delinquent".
In the case of not paying the bills, or in the case of not paying back a loan or something similar, you will probably end up in these files, and that can lead to several problems. It is not a file used by a single company, but they use it all at the same time, so if you have a debt with BBVA, Santander for example and other banks will also know it.
This file is one of the best known and most used of its kind (although it is not the only one), and it is also the largest, with an average growth of 200.000 people per month. Many people, no doubt!
Does it only affect financial entities?
On the other hand, it is interesting to note that not only financial entities are members of ASNEF (although these have a more than important weight in the total), but also involving telephone companies, gas, electricity and electricity companies, insurance companies, publishing houses, public administrations, and so on.
So nobody is saved, it is very important to pay your debts in any place from which you require a service of any kind, no matter how necessary it is for you or for anyone.
Remember Anyone can enter the list of defaulters ...
How do I know if I am on the ASNEF list?
In general, you have to consider yourself delinquent once we have defaulted on three consecutive payments of past due debts. Those three months are the period that most companies give for customers to make their payments in the event of being late.
After those three months, most of the companies put you on their particular blacklist, and in the event that you continue to ignore and do not meet the payments you owe, they will add you to the ASNEF lists, which they share with other companies.
So nobody is saved from anything, if you present a history of non-payment with a company, then all companies will find out about this and you will have no choice but to pay everything you owe.
I appear on the ASNEF list and I have not defaulted on any payment, what do I do?
As with any type of system, sometimes there are bugs and errors in the lists, and who should appear in the list does not appear and who should not appear does appear. The first thing you can do to fix these types of problems is to go to your trusted banking entity and ask without obligation. Your advisor should be able to give you that information seamlessly and completely free of charge.
In the event that the bank does not give you this information, you can go to another financial institution and show intention to Apply for credit (evidently, without concluding it). During the process, the bank will study your solvency, and that includes checking if you are in the ASNEF lists. If you are, they will let you know immediately.
Now, if this option does not work for you, you can always make the query through the internet; the ASNEF EQUIFAX is regulated by EQUIFAX IBÉRICA and you can get in touch through sac@equifax.es.
You can also do it from the EQUIFAX website, http://equifax.es. In both cases, you will need to send a copy of your ID to identify yourself to the people who attend you.
What to do if I am in Financial Credit Institutions?
The first thing you have to know in case you are in the ASNEF official lists of defaulters, is that the company that introduces you to it (that is, the company to which you are not paying bills or debts) must notify you 30 days before adding you to the list. In the event that you are in Financial Credit Institutions and they have not notified you, you can consider the option of suing them.
Another aspect to take into account is that many companies introduce clients with debts that are not, in reality, on the ASNEF list. They are generally telephone or electricity companies who make charges that do not correspond to the actual expenses of the client. These are usually one-off problems that should be resolved with the company itself.
At first, in these cases you should not even appear in the ASNEF list, but if this is the case and it is due to it, it is convenient to contact the company so as not to carry that debt without deserving it.
On the other hand, in the event that, indeed, you do have reasons to be in Financial Credit Institutions, that is, you have not paid certain bills or financial debts, you can request that your data be deleted and thus there is no evidence that you were in last. To do this, you must meet the following requirements:
- The debt is already paid and even so, you continue to appear as a debtor.
- The claimed debt is older than six years.
- The inclusion of your name to the Financial Credit Institutions has not been communicated by letter.
- The amount claimed is not real or is not satisfied.
- The claimed debt is unprovable by the company.
- The debt is not yours or your identity has been impersonated.
In these cases, they must remove you from the ASNEF list, or list of defaulters. In the event that you appear and pay your debt, the normal thing is that, immediately, they remove you from the list. In the event that this is not the case, then the situation that was mentioned in the first point would be occurring.
How to remove my name from the ASNEF list?
If you find yourself on the delinquent list then you must understand that getting out is not easy, but that does not mean that it is impossible.
Two and a half million Spaniards do not pay their debts, which means that those two and a half million people understand what it is to be on the lists of ASNEF EQUIFA, or the defaulter registry, that black list that nobody wants to be on.
To get off this list the first step is to pay. However, this will not be enough, since what follows is to request that you be removed from the ASNEF list, but the file will not do so until the debtor company recognizes the payment. Do not expect the same effectiveness to demand payment as to remove ourselves from the black list, since despite insisting, it is important to take into account that it can take up to 6 years, which is the legal limit.
And that if the debt they have is private, as it is with the administration, the solution will be much simpler. They seize it from their own checking account and end of story.
The fact that you appear on a list that does not confirm your ability to pay on time can affect a lot within the personal financial sector, so it is very important to know what to do once we enter this black list.
Conclusion
Ultimately, the National Association of Financial Credit Establishments, the ASNEF or "list of defaulters"Whatever you want to call it, it is a list in which all the companies that will have to provide a service with a future payment from the client participate so that they know if they will be able or not to pay, and if they already have a story behind defaults.
Probably the most viable option to identify if you are in the ASNEF lists, or to deal with a problem in this regard (that you appear on the lists even if you have not defaulted on any payment, for example), is to visit the website and contact them through their email. Although many people have problems with the web and prefer to apply some other type of options to solve these problems that can be just as effective but a little slower, it is up to each person if they prefer to contact by other alternative means.
Remember that in this life nothing is free; If you don't want to get involved in financial trouble or anything like that, then you just have to follow the rules of the game. Pay your debts, if you ask for a loan then return it within the period of time that they indicated and thus you will not get into any kind of problems. Take care of your financial health!