Check your credit score!

There are registers in Switzerland that allow any organisation to know your credit rating (also called scoring). Banks, property managers, car dealers… any organisation lending money, renting real estate, leasing… consult these records before validating a decision. Needless to say, your score can work in your favor and against you if you are considered a bad payer.

Liquidity, solvency and creditworthiness are the 3 major criteria considered by the bank.

• Liquidity: these are all cash and account balances. As a general rule, we add up your salary, pension, rent or dividends and subtract your largest expenses (rent, ongoing commitments such as recurring subscriptions, etc.)
• Solvency: this is the history you have with the Public Prosecution Office (PPO).
• Honorability: it is the capacity of a person to pay or to honor the credits, it is what the organizations scrutinize either your habits and regularities of payment.

The cantonal debt enforcement registers, ZEK, Cresura, Intrum, Creditreform, CRIF, IKO are organizations that archive your late payments, negative ratings and negative codes filed against you, unpaid invoices, credits not repaid on time and all irregularities related to payments in connection with invoices, credits and credit cards.

The consumer credit law requires lending banks to check your data in these databases before accepting an application. Millions of payment orders and seizures are made every year in Switzerland. This shows the amount of information that these databases incorporate every day.

As all these organizations resell this data to banks in the form of a subscription for all companies wishing to check the creditworthiness of their customers … You can find yourself in a downward spiral by being registered with various institutions that use more or less intrusive criteria.

For example, in the CRIF database, there is a “lawsuits” section. Under this “official” part, there is a box for reporting by partner stores. If, for example, there are still open charges (you decided not to pay the reminders but only the initial invoice) or there was a delay in a payment even though it didn’t go to court, or you had to renegotiate a payment arrangement due to unforeseen financial circumstances, you could be listed as a bad payer! Only a professional knows exactly what these codes mean and what can be done as well as the deadlines to be respected before launching a new financial operation (credit application in particular), in order to benefit from a more advantageous risk class and minimized rates. If you are considered a good risk, you will get better rates and it depends on your record with the economic intelligence agencies.

There are many reasons for this, such as human or technical error, or a delay in updating your status. It is important to note that the data may change based on a withdrawn complaint, a cleared payment or a completed seizure. However, it is important that these data correspond to your reality. This is often not the case.

Lately, some cases are open to interpretation to avoid a double penalty effect.

Frequently, history is misinterpreted or noted in these records. Our teams have extensive experience in this field and know all the workings of the systems involved.

Deleting negative data and ensuring that the annotations are accurate and representative of your current situation will improve your score so that you have the right credibility with decision-making bodies. You can then benefit from better rates and more advantageous solutions.

We provide you with the information and help you take the necessary steps to ensure that you understand the negative codes and the steps to take.

It is very difficult to be granted a loan, a credit, a lease, a credit card, a rental agreement, or even monthly payment facilities if you are registered in the central economic intelligence systems. You may be denied credit, leasing, a credit card or be given less advantageous terms.

• You did not pay your credit card balance on time. Check your limit, you may not be allowed to carry the balance.
• You have not paid your monthly payments on time.

But not only a bad credit card history! Any payment that has gone wrong can bring you a lot of trouble.

• Forgot to pay your telephone subscription (Swisscom, Salt, Sunrise)?
• You forgot to pay your electricity bill, and got a reminder via a collection company?
• You forgot to pay a medical bill and you have been threatened by the company INTRUM, INKASSOMED?
• Have you been late in paying your fitness membership and run into a collection company of some sort (there are hundreds of them)?

Yes, this too can make you ineligible for many programs, credits, housing and even in some professional fields! Companies prefer to sell their invoices to companies that spend 100% of their time reminding customers, issuing reminders, ordering payments and taking legal action! Why ? For their image and to be able to focus on their core business, lowering management costs while lowering their risk of non-payment by customers.

After 24 working hours, you will receive a basic diagnosis.

After 3-5 business days, you will receive a complete analysis and report on your financial situation and advice on the steps to take.

From 200 you can enjoy a complete service including:

• analysis of lawsuits
• budget analysis
• analysis of the documents of the central credit office (ZEK)
• economic research, study of the file

Our advisors have worked for several years in various financial institutions and know very well the authorities to contact, their functioning and all the hidden boxes in which toxic information about you could reside.

Our diagnostic allows us to go further than an automated procedure generated automatically by most providers as we verify additional elements.

If you want to review your situation, do it with a highly qualified provider!