What is the zero debt certificate and at what moment they will ask us? This document certifies that you no longer have mortgage debt with the bank and it is usually used when we have just paid a mortgage, requiring the certificate to proceed to the cancellation in the registry.
The dreamed moment The day dreamed. The last payment arrives, the last installment of the mortgage. At last we took away that tremendous slab we have had for years or, rather, for decades. Finally we cut that 30 or 40 year relationship with the bank. Finally, housing is ours and only ours. You already have zero debt, there are reasons to offer, right? You are right. But your prescribed debt is not the end and there will still be a few paperwork before taking the bottles to celebrate.
What is the zero debt certificate and what is it used for?
When canceling a mortgage, the consumer must have a zero debt certificate to save all the paperwork that involves carrying out this management through a bank or a financial adviser. These procedures can exceed 200 euros. However, many choose to do all these efforts themselves and thus save that amount.
There are many people who want to cancel their mortgage when they get fully amortized. In recent times many of these people have come complaining about a common banking practice: the bank intends to charge them for issuing the debt certificate . When going to the bank, it tells them that if you want to have this document you must pay a commission, which in many cases can reach 120 euros, although it is usually around 90 or 100 euros.
And not only that. They put all kinds of obstacles. They tighten the rope alluding to the fact that they are really difficult procedures and insist the client trying to convince him by all means, telling him that he will be charged for the declaration before a notary for the definitive extinction of the mortgage. This is an abusive commission . No bank is entitled to collect the debt certificate.
Is it mandatory to cancel the registration mortgage?
This question is important because many people do not know about it and, once their payment obligations are over, they relax and do not care. It’s not really mandatory , it’s practically a formal issue. But it should be done to save paperwork in the future if, for example, you want to make a transfer of a house or a farm or if you request another mortgage again.
Where can you get that certificate?
If you need a certificate that proves that you have zero debts, the first step you must take is to go to the bank with which you contracted the mortgage. Once there you must explain your situation and request the bank debt certificate. Once you have the zero debt document, you should go to a notary with it. After this, a representative of the bank must go to the office to make the declaration of extinction of the credit.
In this case, we emphasize again, and it is very important, that the bank is obliged to make these arrangements without billing a euro to its customers, since the Bank of Spain itself has said that no entity is entitled to the collection of any amount for this type of procedures.
So that the bank can carry out the cancellation procedures of the mortgage registration, it is the client who has to give his consent. A consent that must be prior and must be recorded by means of his / her signature, including not only the consent to the bank to make the arrangements for him / her, but also the fact that the commissions are owed for that concept. But in those commissions the commission for the issuance of the zero debt certificate can never be included .
And if I have debt, I can not get financing?
Obviously not. At least through a bank. A person with bad credit history, who accumulates a lot of debt and who is having problems paying it, will have extremely difficult to obtain financing through a bank. This is worse for people who already have a mortgage and who are having trouble paying those fees or who can not afford to pay directly.
And what can all those people who need money urgently and who can not get it through a bank? They have an alternative. And much better. In Easy Credit you can get the funding you need so much and at the moment, without waiting, without queuing up to any bank and without delivering any type of paperwork. All the arrangements with Easy Credit are made through the Internet and in a matter of a few minutes.
Easy Credit: the urgent money you need
Whether or not you have your prescribed debt, Easy Credit can get the money you need instantly. From our web portal you can choose the conditions of your urgent loan, choosing the amount (up to a maximum of 750 euros ) and the return period (the maximum that can be chosen is 30 days). In addition to that, you will have to fill out a form where you will be asked for some personal information.
The entire loan application process is very easy and intuitive and very fast. Do not take more than 5 minutes. After pressing the button ‘request’ you will have everything ready and you will only have to wait 15 minutes to receive an answer , which will surely be affirmative. And at Easy Credit we have more than 98% of loan applications accepted . A really high percentage that can only be explained by the trust that this entity offers and trust towards people. You will not be required to do any paperwork, have an endorsement or submit a payroll. You can even access an online loan from Easy Credit if you have debts and are registered with Asnef or another list of defaulters. Nor will you be asked about what you need the money for. If you want it just for a treat, you can also request it and access an online loan.
Easy Credit is, without a doubt, the best alternative when requesting urgent financing. It is for flexibility in their requirements, for transparency in their products, for speed and, also, for being much cheaper than those offered by most online lenders. Apply for your personal credit today and start enjoying it in a few minutes!