The FCI is a registry or database in which the information of those individuals or companies that have not paid a certain debt is collected. Other companies are the ones that carry out the different procedures established to put these subjects in the registry, with the aim of forcing them to pay.
Let’s say it’s just one way to proceed before a debtor, although, obviously, they won’t stay here, but they will also proceed with embargo orders, even hiring specialized companies that are responsible for debt collection.
What exactly does it mean to be in the FCI?
There are many financial companies that carefully analyze this database when checking the solvency of one of their potential clients. For example, if we go to the bank to request a mortgage, the most normal thing is that from the risk management department they analyze whether the client is in the Database in the delinquent lists; In the case of being like that, the credit is surely denied.
The problem comes when we discover that a company can put us in the FCI for any debt, even if it is miserable or very small as it is happening with the non-payment of mobile phone receipts.
For example, imagine that you have unsubscribed from your telephone company and the following month, for a computer failure, they make you an invoice that they want you to pay. Even if you claim and can show that you don’t have to pay it, they can also put you in the registry. They can even do it for a simple invoice of € 10 or less.
Thanks to the way in which these companies act more and more doubtfully, there are not so many entities that pay attention to the FCI; as is the case of companies like Eicredit specializing in fast payday loans.
Discover all about loans with FCI
Companies specializing in loans with FCI, such as Eicredit, will only analyze that the documentation that the client brings is the one that has been requested, neither more nor less. As long as they can comply with what is established, it will not matter if they are in the FCI or in any other type of registry for delinquents.
However, there are companies and companies: there are some that will establish a debt limit to have been included in the FCI; For example, in the case where we are in this registry for a debt of more than € 400, some companies may pass directly from our application.
It should be remembered that the data of a delinquent cannot remain indefinitely in the FCI, but a maximum period of 6 years is established. Once that time has passed, the data should disappear.
Does this mean that the debt has already expired? No, at least not in theory although, at the legal level, there is also a maximum time that a certain debt can last.