Banks have access to CRiF in order to consult a person’s position and subsequently decide whether to provide a loan or a loan.
How to read data in CRiF
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The data relating to the financial situation of individuals are deposited in the Financial Risk Center.
Banks and financial companies have access to CRiF in order to consult the position of a person and subsequently decide whether to disburse a mortgage or a loan.
This financial position must be clean, or there must be no such conditions, or reports in crif, for the credit not to be disbursed.
In the event of a delay during a credit report, the crif notification of the first delay is made visible on the SIC only in the event of non-payment of installments for 2 consecutive months (or 2 installments).
15 days before sending the report to the SIC, the credit institution will send the debtor a report that will notify him of this delay and which will be reported. This is because, in the event of a mistake and providing for the clarification of these or for the balance of the installments late, the CRiF reporting is avoided.
The reporting of any delays subsequent to the first occurs monthly through updates sent by the credit institution to the CIFR.
But let’s get to the heart of the crif analysis of the various items that we find in the CRiF documents:
In the cases of reports crif ‘C’ assigned credit, ‘S’ bad debt or ‘P’ loss, the number of unpaid installments will not be reported, therefore the indicated data will be 0;
Crif numbers range from 0 to 9 for a maximum number of 12 (corresponding to the last 12 months since the update date).
Example numeti crif: if today is 01/01/2013 and mr. Mario Rossi started a loan on 08/01/2012, always paid regularly, his position would be represented as follows:
– – – – – – – 0 0 0 0 0
If instead in the month of October, November and December 2012 Mr. Rossi has not paid the three installments, his position will be represented as follows:
– – – – – – – 0 0 1 2 3
OTHER CIF REPORTS: any CIFR reports on the status of the loan are reported. These are expressed in letters; if there is a dash ‘-‘ it will mean that there are no reports.
Crif letters can be:
expresses the maximum number of installments not paid during the loan. In the event of delays up to a maximum of 2 installments, this information will remain reported for a maximum of 12 months from the date of the regularization of the outstanding payments. If, on the other hand, the number of unpaid installments is equal to or greater than 3, from the regularization, the report will remain in the database for 24 months;
to understand this status, see the list reported under OTHER SIGNALS;
indicates the month in which the outstanding positions were regularized.
Loan and loan data in the CRIF credit information system is automatically deleted, without the need for specific requests. The cancellation times are established by the Code of Conduct and change according to the type of data.
below is an example of a Crif search
The request for your Crif data is made directly online through the website-> https://www.modulorichiesta.crif.com/consumers/Persona.aspx
Using the same Crif request form, following the easy instructions, it is possible to request the document that will be sent in digital format via pec.
For years, our studio has been dealing with appraising and verifying the data in crif of companies and individuals. If you need it, I am attaching it in a private email, some files that report various financing situations and reporting in crif.
How to read data in CRiF