conservation of personal data about bad credit loans
The new code of ethics for SiC provides for a reduction of the times conservation of the data (Max 3 years) compared to that in force until 2004: the central risks private, in fact, retained the name of “bad payers” EVEN FOR MORE THAN FIVE YEARS, making more difficult the granting of further loans even in the case in which the customer cleared its position.
REQUESTS FOR FINANCING
When a consumer submits a request for financing, banks and financial institutions are required to notify to SiC to avoid the same customer may require more loans at the same time. The new code requires that the data relating to requests for financing may be kept for a maximum of 6 months if only the request; in the case in which the request was not accepted (refusal) or the consumer has renounced the data may be kept for a maximum of 30 days. In the absence of this rule could happen that the request would remain visible for more time, even when the loan was granted, thus, the customer had more difficulty obtaining credit.
