Compare Real Estate Loan Insurance with Facim

Protect yourself with external loan insurance at the bank

Protect yourself with external loan insurance at the bank

Facim (Mutual Insurance Industrial Traders) was founded in 1960. The French Mutual Property Insurance is headquartered in the city of Niort in the department of Deux-Sevres.

In order to meet the new needs of its members, Facim has expanded its field of activity by offering services and products in the areas of health, providence, savings, life insurance and the bank.

Choose freely Facim loan insurance

The Cogilaw Company Scheme authorizes the taking out of credit insurance outside the loan organization. The laggard law gives the opportunity to compete to choose the contract that will protect you best and/or will be the cheapest.

Loan insurance credit immo

Loan insurance credit immo

When subscribing to a home loan, it is necessary to also take out a borrower insurance to cover itself in case of problems. The cost of a borrower insurance can vary from one insurance company to another depending on the individual profile of the borrower and the risks it represents. The group insurance contract of the lending institutions presents a group coverage formula at the single rate. A borrower insurance usually costs between 0.15 and 0.30% of the borrowed capital.

  • Unemployment insurance:

The optional unemployment insurance guarantee allows the assumption of repayment of the loan by the insurer in case of loss of employment of the borrower. It should be noted that the insurance will not play if it is a resignation or dismissal for serious misconduct.

  • The waiting period

This is a period that must be waited for before the insurer takes over the repayment of the loan following the finding of a situation covered by the insurance contract.

  • The disability guarantee

Allows the loan repayment to be paid according to the degree of disability of the borrower. This is established in relation to the reference scale established by the social security.

  • Death insurance

This guarantee allows the total repayment of the loan in the event of death (depending on the insured portion).

In general, it is recommended to read the insurance contract in order to have no bad surprises in the event of a loss during the repayment period.

Compare Facim Loan Insurance with Bank Insurance

Compare Facim Loan Insurance with Bank Insurance

Free and no obligation, the comparator insurance loan can allow you to compare many offers from different insurers and achieve in just a few minutes a request for quotes from several insurance companies.

By getting help from a broker specializing in loan insurance, you will benefit from highly advantageous negotiated terms for your Facim loan insurance. With his experience in the field of trading financial offers, the broker Mike Hammer.fr will get you the best prices on the market!

 

Compare Real Estate Loan Insurance with Facim

Protect yourself with external loan insurance at the bank

Protect yourself with external loan insurance at the bank

Facim (Mutual Insurance Industrial Traders) was founded in 1960. The French Mutual Property Insurance is headquartered in the city of Niort in the department of Deux-Sevres.

In order to meet the new needs of its members, Facim has expanded its field of activity by offering services and products in the areas of health, providence, savings, life insurance and the bank.

Choose freely Facim loan insurance

The Cogilaw Company Scheme authorizes the taking out of credit insurance outside the loan organization. The laggard law gives the opportunity to compete to choose the contract that will protect you best and/or will be the cheapest.

Loan insurance credit immo

Loan insurance credit immo

When subscribing to a home loan, it is necessary to also take out a borrower insurance to cover itself in case of problems. The cost of a borrower insurance can vary from one insurance company to another depending on the individual profile of the borrower and the risks it represents. The group insurance contract of the lending institutions presents a group coverage formula at the single rate. A borrower insurance usually costs between 0.15 and 0.30% of the borrowed capital.

  • Unemployment insurance:

The optional unemployment insurance guarantee allows the assumption of repayment of the loan by the insurer in case of loss of employment of the borrower. It should be noted that the insurance will not play if it is a resignation or dismissal for serious misconduct.

  • The waiting period

This is a period that must be waited for before the insurer takes over the repayment of the loan following the finding of a situation covered by the insurance contract.

  • The disability guarantee

Allows the loan repayment to be paid according to the degree of disability of the borrower. This is established in relation to the reference scale established by the social security.

  • Death insurance

This guarantee allows the total repayment of the loan in the event of death (depending on the insured portion).

In general, it is recommended to read the insurance contract in order to have no bad surprises in the event of a loss during the repayment period.

Compare Facim Loan Insurance with Bank Insurance

Compare Facim Loan Insurance with Bank Insurance

Free and no obligation, the comparator insurance loan can allow you to compare many offers from different insurers and achieve in just a few minutes a request for quotes from several insurance companies.

By getting help from a broker specializing in loan insurance, you will benefit from highly advantageous negotiated terms for your Facim loan insurance. With his experience in the field of trading financial offers, the broker Mike Hammer.fr will get you the best prices on the market!

 

Debt recognition and recovery

Debt recognition is probably the most efficient and neat way to have credit justified. This is a figure that, as we shall see, allows us to understand that there is a default and that, in addition, obliges the person who carries out the debt recognition to prove that he is not obligated to pay or that the debt does not exist, so that, In practice, we find a real reversal of the burden

In any case, do not forget that having justified the certainty and enforceability of a debt does not necessarily imply that it is going to be collected.. On many occasions and especially following the years of economic crisis, forceful recovery mechanisms are required.

I. All about debt recognition.

I. All about debt recognition.

What is a debt recognition?

What is a debt recognition?

A debt recognition is that unilateral expression of will by which a person declares to maintain a debt with another, verbally or in writing and with expression, or not, of the cause that originates the debit.

In the words of our Supreme Court in the Judgment dated March 8, 1956, the recognition of debt is defined as “ the contract for which a debt is recognized in the sense of wanting to consider it as existing against the one who recognizes it ”.

The current legislation does not provide for this figure, but it is recognized and developed by the Jurisprudence, therefore being fully accepted in our system and with full probative value.

What is a debt recognition for?

What is a debt recognition for?

In the circumstances in which we are today in Spain, in which businessmen and professionals are forced too often to “chase” their customers to get the proper payment, it is very beneficial to have a document in that the debtor acknowledges the corresponding amount owed, and that this document is admitted by the judicial bodies as fully valid.

If this declaration of the client is possessed, it will not be necessary to carry out any further action to prove the existence of the contract or obligation that originates the birth of the debt, even if the document containing the acknowledgment does not expressly indicate which is that cause.

This circumstance derives from the content of article 1277 of the Civil Code, which states that ” although the cause is not expressed in the contract, it is presumed to exist and that it is lawful as long as the debtor does not prove otherwise.”

Therefore, if there is an acknowledgment, it is presumed that the debt exists, as well as its causal business, although nothing is said about it in the document, and it must be the obligor who, if he wishes to oppose the claim made to him, proves that there is no debt, contract, or either.

If there is an acknowledgment, it is presumed that the debt exists, as well as its causal business, although nothing is said about it in the document, and the obligor must be the one who, if he wishes to oppose the claim made to him, proves that there is no the debt, the contract, or neither.

What form and content should a debt recognition have?

What form and content should a debt recognition have?

These types of declarations admit freedom fully. That means that a debt recognition can be made verbally or in writing, and in the latter case, in a public or private document.

In all these cases the recognition is valid but, yes, it is highly recommended to perform it in the most reliable way possible, to avoid finding ourselves in the need to develop a probative activity before the courts aimed at demonstrating the existence of such recognition.

the recognition but, yes, it is highly recommended to perform it in the most reliable way possible, to avoid finding ourselves in the need to develop a probative activity before the courts aimed at demonstrating the existence of such recognition.

In fact, a recognition made in a document submitted to the public, not only exempts from proving any other point related to the existence of the debt and its cause, as well as, of course, the very recognition of whose existence the notary attests, but that in addition, under article 517.2.4º of the Civil Procedure Law, said title carries execution:

“Public deeds, provided it is the first copy; or if it is second that it is given by virtue of judicial order and with subpoena of the person to whom it should harm, or of its cause, or that is issued with the agreement of all the parties ”.

As for the content, neither is required by the Court, much less a written standard, a certain pattern or information that should be included in a debt recognition. However, we can give a few indications regarding the content that should be introduced in the recognition: 

  • It is important to express in the document the identification data of creditor and debtor, so that there is no doubt about who the person owes and to whom.
  • As important as the above, it is to indicate in an undoubted way the amount on which the recognition is made. If we talk about international business, we must specify the currency to also avoid future conflicts. Finally, it is not necessary to disaggregate the amount in principal and interests or other types of concepts, although this is beneficial for purely explanatory purposes.
  • Expiration: It is true that if nothing is said about the time when the payment obligation has to be fulfilled, an interpretation should be made according to the general rules of the obligations and contracts, but precisely to avoid discrepancies in this regard, it is more It is advisable to include in the debt recognition the moment in which the debtor agrees to satisfy it or the maximum term.
  • Finally, it is advisable to record the place and date of the signature of the recognition, as well as, of course, the signature of the debtor or the representative of the debtor.

Are there different kinds of debt recognition?

Are there different kinds of debt recognition?

Our jurisprudence distinguishes the cases in which the recognition contains the cause that gives rise to the birth of the debt, and those that do not. Thus, the Supreme Court Judgment of March 1, 2002 reminds us that all business in our Ordination must be causal and never abstract, so that there must always be a cause and origin of it, although yes, it does not always have what expressly include said cause in the contract or document that embodies the business.

In this way, it is possible to speak of debt acknowledgments in which express mention is made of the cause thereof, that is, the previous contract or relationship that gave rise to the birth of the payment obligation, those in which it is expressed in the document in a generic way, and finally we find the acknowledgments in which nothing is expressed in any way regarding the cause.

Once again, we must go to article 1277 of the Civil Code to find the support that gives legality to the last two types of acknowledgments cited, and especially to the third, presuming, by virtue, that the cause exists and that it is lawful while the debtor Do not prove otherwise.

presuming, by virtue, that the cause exists and that it is lawful as long as the debtor does not prove otherwise.

II. Debt recognition and delinquency files.

II. Debt recognition and delinquency files.

Is having a debt recognition definitive to be able to collect?

Is having a debt recognition definitive to be able to collect?

Let’s be honest and clear: Today we live in a time of vertiginous growth of delinquency (although in the last three years something has been appeased), and therefore, the means that before the time of crisis were conclusive to obtain recovery due, they are currently evaded in one way or another by debtors. Regarding these means, you can know them better in our post «Extrajudicial collection of defaults».

the means that before the time of crisis were conclusive to obtain the recovery of the due, at present they are eluded in one way or another by the debtors.

The recognition of debt, as we say from the beginning of this post, is a document that accredits us in a very solid way the existence of our credit, so having one places us at the starting line of any judicial recovery procedure or extrajudicial, in order to be able to demand payment from the debtor without fearing that we can refute the likelihood of debt concurrence.

However, the fact that we can begin the claim process in the way that most convinces us with the confidence of having our credit well accredited does not imply that we will finally collect it… Rather, the claim procedures have been revealed as long, expensive and ineffective, both in its extrajudicial and judicial aspect.

Which method is the most convenient to claim a default if I have a debt recognition?

Which method is the most convenient to claim a default if I have a debt recognition?

The fact of having an acknowledgment does not in itself imply that a more efficient recovery procedure is opened than the others, so it would be necessary to ask what, in general, is the way to collect the debt that is more effective, comfortable and cheap.

That is why the possibility of using when it shows a debt recognition has gained a lot of force since this delinquency file came into operation.

The possibility of using when it shows a debt recognition has gained a lot of force since this delinquency file came into operation.

Having the credit so strongly accredited through recognition, the creditor would only have to provide that document through the website, and see how the claim and publication activities that the file carries out are developed, and which we explain in detail in our post “Debt collection is easy with “.

The result would be to have a dynamic extrajudicial procedure, at a very low cost, with a high success rate and with other additional advantages such as the possibility of recovering VAT from unpaid invoices (if you want to know more about this possibility, see our post “Objective: Charge VAT”), leaving in any case open the door to judicial proceedings.

The accreditation of the existence of credit is very important, and having a debt recognition is more than advisable for this, but to direct the efforts in the recovery in a direction that is not exhausting and expensive.

The advice that nobody should forget when applying for a loan

As you go through the different stages of life, you may realize that many times the money you earn is not enough to cover any unusual expenses, such as a trip, a relatively large purchase or perhaps an emergency. That is why there are different financing options that allow you to choose the one that suits you and acquire what you want.

It is not always convenient to apply for a loan

It is not always convenient to apply for a loan

The truth is that you should be quite cautious when choosing the ideal occasion to do so, that is, one that is really worth it, so there will be no regrets when paying.

An important condition for the credit to be happy from the beginning to the end, has to do with the monthly fee you will pay for it.

Budget that you use monthly

Budget that you use monthly

Something that many people forget, is to compare the value of the fee with the budget that you use monthly and with your income, to know if you meet the 30% rule. This principle mentions that your total debts must not exceed 30% of your salary.

Applying for a loan

Applying for a loan

Then, when thinking about applying for a loan, simulate how much the monthly installment you would pay would be and verify that this amount, added to your other debts, complies with the 30% rule.

This helps you to have a guarantee that you can assume the debt without falling into trouble or affecting other expenses.

If you use Amelia Sedley’s credit comparator, you can compare the interest rate and also simulate the monthly fee, in order to choose the option that really suits you.

The debts are wounded. Don’t give the collection for lost

The belief is widespread that once a person dies, the debts he maintains are with him and, at the same time, there are many creditors who fear the death of their debtor believing that they will lose the possibility of collecting if that happens. Reality, on the other hand, is clear and categorical in our Law: debts are inherited. For better or for worse, it benefits some and harms others, it is an incontestable fact in our system that, nevertheless, has some nuances and can generate some doubt: Are all debts inherited? Who will the creditor claim now? Is the way in which the heir has accepted the inheritance indifferent? What happens if you reject it?

Let’s dig a little deeper into this interesting matter:

I. Obligations after death. Debts are inherited.

What happens to the debts of a person after his death?

What happens to the debts of a person after his death?

Our Civil Code is quite clear when it indicates what is included in the inheritance of a person. Thus, article 659 says that ” the inheritance includes all the assets, rights and obligations of a person, which are not extinguished by his death.”

Article 659 says that ” the inheritance includes all the assets, rights and obligations of a person, not extinguished by his death “

Therefore, let’s begin by underlining that ” all ” expression. Indeed, upon the death of a subject, if he left obligations pending compliance, they are integrated into his inheritance and will correspond to his heirs, provided they accept the inheritance.

And we do not make this nuance regarding the acceptance of inheritance lightly: Spanish law gives us the following possibilities when the death of our deceased occurs and we are called to succeed him:

1º- We can accept the inheritance purely and simply : In this case we consent that the part that corresponds to us in the inheritance of the deceased passes entirely to our patrimony, with its assets and rights, but also with all its obligations, with which the creditors that were of the deceased may address us regarding the obligations of which we have become holders as a result of the acceptance of the inheritance.

2º- The second possibility is to reject the inheritance in full : If we opt for this possibility, none of the assets of the deceased that we would have received by inheritance, pass to our heritage but, likewise, we do not assume any of the obligations that would have left pending none of the charges that will weigh on the goods that he left at his death. In these cases, the debts are inherited by increasing the part of the inheritance that corresponds to the other co-heirs who, if they accept, will be the ones who must be liable for the burdens that such assets and rights entail.

3º- Finally, the Civil Code provides a third option, which is to accept the inheritance for the benefit of inventory or use the right to deliberate : This is the right that the law grants to the call to inheritance to inventory the heritage ( goods, rights and obligations) left by the deceased and, in view of the result, decide whether or not to accept the inheritance (right to deliberate); or the right of the heir to accept his share of the inheritance, once satisfied the debts of the deceased that had corresponded to him with assets of the same inheritance (acceptance for the benefit of inventory).

This third option is, therefore, a very interesting possibility not to compromise personal assets, when it is suspected that the deceased’s assets may not be sufficient to meet the burdens that the inheritance incorporates. The successor will have a term of thirty days from knowing his heir quality to make this decision and must formalize it before a notary.

Are all debts inherited?

Are all debts inherited?

For the purpose of answering this question, we must turn our attention to Article 659 CC: ” the inheritance includes all the assets, rights and obligations of a person, not extinguished by his death.”

This final sentence of the transcribed precept is already letting us understand that there are some obligations whose fulfillment corresponds to a specific person and that, disappearing, this obligation loses its raison d’être and vanishes.

We refer to those cases in which an obligation to make a personal agreement was agreed, in other words, a person agreed to receive a benefit from another, hiring it precisely in accordance with its qualities, so that such benefit cannot be carried out by a third party. and, if that provider dies, the obligation disappears with him.

It is also the case of obligations that arise as a result of a criminal conviction, for which only the convicted person is responsible, and therefore liable.

there are some obligations whose fulfillment corresponds to a specific person and that, disappearing, this obligation loses its raison d’être and vanishes.

Likewise, another very personal obligation would be the one derived from the provision of food, which corresponds only to certain persons determined with respect to others, legally established: spouses, parents, children and, where appropriate, siblings.

II. Possibilities of the creditor after the death of the debtor.

Should the creditor give up his credit once the debtor dies?

Should the creditor give up his credit once the debtor dies?

Based on what we just saw, the answer would be negative. We already know that the debts are inherited and that in the inheritance that corresponds to the successors of the person obligated to pay, the corresponding obligation will also be included, so that, once the death has occurred, the creditor may go against the heir to collect the due.

In the event that the partition of the inheritance has not yet been made, the creditor may object to it being carried out until the amount owed to it is satisfied or the payment is secured.

In the event that the partition of the inheritance has not yet been made, the creditor may object to it being carried out until the amount owed to it is satisfied or the payment is secured, as well as to prosecute that correspond against the hereditary community.

In the event that the inheritance is accepted for the benefit of inventory, whose characteristics we have already explained, the creditor may be charged with the assets that have been awarded to the heirs without, however, being able to be directed against the personal assets of the heir.

What options, then, does the creditor have to collect when the debtor dies?

What options, then, does the creditor have to collect when the debtor dies?

Consistent with the above, we already know that debts are inherited and we can reassure any creditor who has doubted that he will be able to collect, in view of the fact that his debtor has died. Assuming that the heirs accept the inheritance purely and simply, he will have the same possibilities of action to attempt the recovery, which he faced with the deceased deceased. Already in our post “Tips to collect debts quickly and efficiently” we review what are the best methods to achieve recovery, by judicial or extrajudicial means (take a look to remember it).

The conclusion we obtained is that the possible extrajudicial actions that are traditionally used for claiming debts are tiring and have little effectiveness. In many cases, they even degenerate into the hiring of companies that carry out activities on the verge of legality and that ultimately end up being expensive and dangerous.

The possible judicial actions, which usually refer to the trial, also do not offer much more security, proving to be a longer and more costly process than was desirable and which, in many cases, is also ineffective in obtaining materially the amount due, even when there is a favorable sentence. It is the problem that we explain in our post “Lack of effectiveness of the monitor to recover unpaid”.

Finally, our proposal always involves innovating and resorting to the mechanisms that are most up to date with the reality of companies and professionals. Henry Tyfo is the company that has managed to transfer the most effective system for the prevention of delinquencies and collection of defaults that exists in our system, such as that of delinquent files, but opening its use to any company, autonomous or even private, and adapting its operation to new technologies and the Internet era.

Henry Tyfo is the company that has managed to transfer the most effective system for the prevention of delinquency and collection of defaults that exists in our system, such as that of delinquent files, but opening its use to any company

However, remember that if the heir has accepted the inheritance for the benefit of inventory, you can only try to collect the same assets that make up the estate. That means that if the goods are insufficient to satisfy the payment of the total debt, you will have to settle for the amount up to which the goods have been achieved. Also, if there are several creditors, you will have to share with them what there is. It is true that, in these cases, we may be talking about loss of part of the debt, but it also assures us of receiving a more or less fast and certain amount with respect to a debt that, perhaps, we did not expect to collect anymore.