Credit Loan Increases
Agrupacion credit: Number of requests for the group increased lending to the crisis: The reunion of some debt (financial intermediaries) that has survived the crisis has seen major improvements in the credit application with the group. Moreover, high levels of household debt and the refusal of the Spanish financial institution lending increased demand for joint debts.
Although the Financial Freedom, is estimated that between 70% and 90% of business reunifying the year 2007 has disappeared. Currently 1,000 companies can be a mortgage broker, compared with 8000 which may arise in 2007.
According to refinance bank CEO these days is more reluctant to reunite the debt. Version of the risk and fear of increased delinquency as the devil himself. What happens in reality is that most banks have gone to another extreme than before extending credit and now rejected.
For its part, the Banking Agency Negotiator product ensures that the number of requests for the group’s debt has soared 50% in 2009. To achieve the reduction in funding pressure control up to 50% per month in the family, the difference between a still life or see the default start chain until too late, says of the institution.