A form of loan possible is the one that provides for the exchange of sums of money between private individualsin this way that is subject to a rigorous law regulation. Although the most immediate form of loans between individuals who think is the one that finds concreteness between friends and relatives, there are several options that refer to this type of exchange of money. In particular, it is possible to talk about loans between private individuals not regulated or regulatedwith each of the two different forms that has specific characteristics that make them more suitable and convenient to the subjective situation in which the parties involved are found.
Loans between unregulated private individuals
In the case of Loans between unregulated private individualsthat is, those who take place between friends, family and acquaintances and require a simple agreement between the parties, Further divisions is possible:
- the loan with one private writing which formalizes the agreement and protects both parties both towards the other and towards the Revenue Agency. In this contract, any guarantees chosen by the parties will be indicated, as mortgages or guarantees, and the purposes of the loan. It will also be clarified if it is a fruits, that is, that mature interest in the restitution of the sums, or not;
- the loan epistolaryin which the contract is written by one of the two parties and sent by correspondence to the other. This, once the document is received, will have to sign and respected it;
- The loan guaranteed by bills, where there is a cost for stamp duty equal to 12 per thousand of the amount of the bill of exchange itself. The presence of the credit title (the bill) allows the creditor to request forced execution if, on the date of deadline, the debtor should not have compensated the sums on loan.
In all the cases listed, the failure to return the loan allows the creditor to do appeal and obtain an injunction. At this point the debtor will have 40 days To present opposition or reimburse the sum due. After this time span without resolution of the story, we will move on to forced execution.
Loans between regulated private individuals
The other great macrocathoria of loans between private individuals is that of regulatedthat is, those that are concluded between two parties using the collaboration of a intermediary authorized by the Bank of Italy to the facilitation of the operation. The latter part, usually represented by social lending platforms, provides that the applicant benefits his request by providing income or patrimonial guarantees.
The presence of an authorized intermediary makes these personal loans much safer for the lender, given that the third party will also deal with the possible forced collection of the applicant’s assets in the event of non -compliance with the agreements taken. Compared to the unregulated solution, however, this loan mode between private individuals has greater management costs.
The convenience of loans between private individuals
Starting from the assumption that there is no ideal loan solution on a general level, it is possible to say that i Loans between private individuals They can represent a much easier solution than having to contact a credit institution.
Asking money from friends and relatives, as well as third parties through specialized intermediary, facilitates the practices to obtain the sums that you need. Jumping completely, or at least in part, all the bureaucratic practices and the certain application of interests by the banks therefore allows you to have the sums first and not to necessarily pay more for the money obtained.
There are, however, gods negative sides to take into consideration. The loan between private individuals appears of risks, both for the recipient and for those who give the money. The first, especially in non -regulated loans, obtains sums that could seriously have problems returning, with the lender that therefore accuses the risk of never seeing the figures granted. There is also the human side, due to the fact that the loan between private individuals takes place to a greater extent between people linked by affection and confidence, with this aspects that could be damaged by the onset of a situation of failure to return the loan.
