News Detail

MyCredit on Corriere: "Mortgages, now securitization helps those who can't afford the installment"

MyCredit is the first among institutional investors to launch a social securitisation, a project created to support families who, due to the rise in mortgage rates and the not easy macroeconomic situation our country is experiencing, have experienced difficulties and now risk losing their homes. 

To support this pilot project, which links finance and real attention to people's conditions, MyCredit has set up a EUR 50 million fund and a dedicated task force.

Social securitisation, introduced in 2019 and included within Law 130/99, is a tool through which My Credit tries to bridge the gap that currently exists between debtors and creditors.

The project was presented on Tuesday, 16 January 2024, during a hearing in the Senate, with the aim of launching a concrete comparison between politics, professional associations and social partners, aimed at finding a solution to the problem of families' and companies' difficulty in meeting their financial commitments.

More information is available at the following link