1. I am in ASNEF and I need a loan
If you have trouble get credit or loansMaybe it's because you appear in the ASNEF delinquent file. This registry collects information on the unpaid debts of individuals and companies. This database is consulted by banks, finance companies and other entities before granting a loan or credit.
In this blog we will explain what ASNEF is, how to know if you are included in the file and what you can do if you find yourself in this situation
2. What is the ASNEF registry?
ASNEF is the acronym for the National Association of Credit Financial Establishments.
In other words, it is an entity that brings together companies that offer financing and consumer credit in Spain. In addition, the association manages a register of defaulters, which includes the data of people or companies that have not paid their debts in a timely manner.
The ASNEF registry is one of the best known and used delinquency files in Spain. The companies that are part of the association can consult it to find out the solvency situation of their clients or potential debtors, and can deny the granting of credit or loans to those who have unpaid debts.
3. How can I know if I am in ASNEF?
If you have doubts about whether you are in the ASNEF registry, there are several ways to find out.
Here are some of them:
– Check your credit history: You can request your history credit card at any Bank of Spain office or through the entity's website. In this report, you will be able to see if you are included in any delinquent file, including ASNEF.
– Contact ASNEF: You can also contact the association to find out if you are included in its registry. To do this, you must send an email to sac@equifax.es or call 902 013 013.
– Ask the financial institution: If you have recently applied for a loan or credit and have been denied, you can ask the financial institution if your application was rejected due to your inclusion in a list of delinquents.
– Via notification: If you have been included in the ASNEF registry, you should receive a written notification indicating the reason for the inclusion and the data of the entity that has included you in the file.
4. Exit ASNEF
If you are included in the ASNEF registry, all is not lost.
Here, we show you some options that you can consider to get out of the file and improve your credit situation:
1. Pay off the debt: If the inclusion in the registry is due to an unpaid debt, the best way to get out of the file is to pay it. Once you have paid the debt, the entity that included you in ASNEF is obliged to remove your data from the registry within a maximum period of 10 days.
2. Agreement with the entity: If you cannot pay the debt at one time, you can contact the entity and negotiate an installment payment agreement. If you come to an agreement, make sure it includes a clause agreeing to remove your data from the registry once you've paid off the debt.
3. Claim if the inclusion is incorrect: If you believe that the inclusion in the registry is incorrect, you can complain to the entity that has already included ASNEF. To do this, you must present evidence that you do not have any unpaid debt or that the amount claimed is incorrect. If the claim is accepted, your data will be removed from the registry.
4. Wait for the debt to expire: If the inclusion in the registry is due to a debt that has already expired, you can request the removal of your data from the file. According to the Data Protection Law, the data of an expired debt must be removed from the registry within a maximum period of 6 years.
5. Request the right to be forgotten: If your data has been included in the registry illegally or disproportionately, you can request the right to be forgotten. This right allows you to ask ASNEF to remove your data from the registry if they are no longer relevant or if their inclusion harms your right to the protection of personal data.
In summary, being in the ASNEF registry can make it difficult for you to obtain credit or loans, but it is not an irreversible situation.
If you are included in the file, it is important that you find out the cause of the inclusion and take the necessary measures to solve the problem.
Each case is different, so it is recommended that you consult a financial or legal adviser if you have doubts about how to act.
From WorkCapital, we can help you both to get out of the file and to analyze your client portfolio.
Contact us without any commitment and we will be happy to give you the solution.
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