Central risks by Bad Credit Loan Help
The central risks supplies in the banking system and financial information on a credit rating of the clients who rely on credit and can be both public and private:
- Central public risks managed by Banca d’Italia, for funding for an amount exceeding 75,000 euro.
- Central risks public managed by the company interbank for automating (IS) under the supervision of the Banca d’Italia, FOR FINANCING OF amount lower than 75,000 Euro and more than 30.000 Euro.
- Central risks private where the financing of less than 30.000 euro (up to 2004 were not regulated by any standard).
Before the entry into force of the code of ethics for information systems credit (2005), the central risks private retained the name of “bad payers“ (or of those who end the payment also of a few days) for more than 5 years, by making it more difficult the granting of further loans even in the case in which the customer cleared its position. Today the time limits for the conservation of the data are reduced to 3 years.
