The attachment of assets can be done when there is a need to get a sum of money quickly or even when there is a debt and the lender decides to opt for this form of collection. Regardless of the case, there are rules about what assets can be seized.
Steps to follow:
1. On some occasions, pledging assets may be even more advantageous than applying for personal credit and even using the overdraft since your interest rate is lower. In Brazil, only Caixa Econômica Federal is authorized to carry out the attachment, which consists only of the interested party bringing the object that he intends to pledge to the financial institution. There, the good is evaluated, and it is necessary to have the personal documents in hand, besides the proof of residence.
2. The money is delivered at the same time and the maximum amount paid depends on how much you have in checking account. To recover what has been pledged, simply pay the amount borrowed by the bank, plus accrued interest. In addition, it is possible to renew this loan several times and even installment payment of the debt, which may extend up to 60 months. But what assets can be seized ? The most common is that people pawn jewelry , since they are the most accepted as well as noble metals and pearls. In order to define its value it is still considered its antiquity.
3. Other goods that can be pawned are watches, pens and silverware , although they are accepted only if they are original and have a significant price. Likewise, it works with gold pieces of less than 12 carats and palladium silver, which are pawned only if they are valuable or have artistic or historical value. In addition, even broken jewelry and lose gems can be accepted, since it is their precious metal weight which is taken into account to determine their value.
4. Even trinkets serve as pledge guarantees, provided they have at least 50% noble metal. When the value of the attachment loan is not paid within the negotiated term, the good goes to the auction. In addition, there is the seizure of assets as a result of debts, which are seized and auctioned. However, it is only in some situations that this occurs with the debtor, as in the case of him owing to financial institutions amounts referring to financing of real estate , vehicles and other goods with high value.
5. In this case, it is these assets that are pledged, since they already function as collateral for the financing itself. The lender can still pawn a good of the debtor when he knows that he has enough money and possessions to repay the debt. On the other hand, what can not be pawned are salary and other salaries (pension, retirement, etc.), the only property of the family (with some exceptions), furniture (provided they are not of values that extrapolate the average), clothing and personal accessories, professional objects, life insurance, savings up to 40 minimum wages, building materials, small rural property where the family works and public resources.