Why not apply for credit in several places at the same time?
You are looking for private credit and you say that to maximize your chances and have several different offers, you will start procedures with different banks or credit counseling agencies.
We explain to you why it is the wrong thing to do.
Applying for credit everywhere will have several effects, but not necessarily the ones you expect. :
Your credit application will not go faster
The banks consult, among other things, a customer database, called ZEK, (credit central), which includes everything related to credit, credit cards above USD 3,000 and leases. automobiles in Switzerland.
Therefore if the banks see that you have made several requests, they will not, for certain, process your file before the previous request is closed.
For them, it saves time and therefore money. If they see that you have an open request from a competitor, they will not take the risk of working on your case until they are sure that you are no longer “working” with that other bank.
You risk having chain refusals
If your request is not accepted with a bank, it will potentially make acceptance with the following bank more difficult.
By accumulating the simultaneous requests, the refusals will naturally be linked. This is the snowball effect that we are trying to avoid here.
This is not to say that you cannot get credit, it may be temporary bad credit, un-written lawsuits etc, or simply a poorly managed request from a funding agency.
Do you want to know the state of your solvency? Thanks to our Lite Lending service, we analyze, clean and modify your different credit registers. Clean up your data now!
Think about your credit score
Refusals are registered with the ZEK for a period of 6 months to 2 years. The more refusals and bad registrations, the lower your score, the more difficult it will be for you to get a loan.
The banks can refuse you immediately, without even analyzing your situation if they see one or more refusals at the ZEK. They will not even bother to process your request and will register a new code for you at the ZEK. The snowball we were talking about above, the one that is negative for the customer, begins …
How to do it right?
It is difficult to know which bank to go to. Each funding organization has its own way of operating and its internal regulations, hence the importance of being helped by professionals in the field.
Trust. The safest is to use a credit counseling agency. One of your choice. Call, find out, and once the feeling is over, trust!
At Good Lenders Credit, your file is treated with professionalism and the greatest care, but the most important thing is that you can work with the company in which you believe, us, or another. What matters is that you follow your choice, and that you feel confident.
Why apply for credit at Good Lenders Credit?
Thanks to our experience in the field and our agreements with the most important credit institutions, here is an idea of what we can offer you:
- Amounts from 3,000.- to 400,000.-
- A rate from 4%
- Flexible durations, up to 120 months
- Response within 24 hours
- The right choice of banks, on conditions that suit you