The assignment of credit is divided into different types dictated by the cases.
It is the right to be able to transfer the ownership of the credit to a third party even without the consent of the debtor.
The institution of credit transfer, regulated pursuant to art. 1260 CC, is a legal relationship for which the creditor is granted the right to be able to transfer the ownership of the credit to a third party even without the consent of the debtor, provided that this credit is not strictly personal and the transfer is not considered theislandnow.com.
The operation of the cassione of the credit therefore provides that the credit is transferred by the original holder to the third party, with a price lower than the actual nominal value. This, while entailing a loss for the assignor, allows for the cessation of the burden of incurring operating costs linked to credit recovery.
Usually, the third party acquiring ownership on the credit can be a credit recovery company, which, having purchased the credit at a lower price than the nominal value, will take care of recovering the entire credit from the debtor, obtaining a profit. Otherwise, the third party owner contracts a loss.
The assignment of credit is divided into different types dictated by the cases.
In fact, it is possible to have a credit assignment without recourse, with recourse and the mandate for collection.
The case for which the first holder of the credit or assignor does not guarantee the third party holder or assignee the solvency of the credit by the debtor is identified as a non-recourse credit transfer. Therefore, in addition to credit, the risk of insolvency is also transferred.