{"id":10347,"date":"2017-04-26T08:17:44","date_gmt":"2017-04-26T08:17:44","guid":{"rendered":"https:\/\/multicredit.ch\/wp\/assurance-credit-de-quoi-sagit-il-exactement\/"},"modified":"2022-07-20T14:36:25","modified_gmt":"2022-07-20T14:36:25","slug":"credit-insurance-what-is-it-for","status":"publish","type":"post","link":"https:\/\/multicredit.ch\/en\/credit-insurance-what-is-it-for\/","title":{"rendered":"Credit insurance: what is it for?"},"content":{"rendered":"<h2><span class=\"ez-toc-section\" id=\"A_matter_of_definition\"><\/span>A matter of definition<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The term <i>credit insurance<\/i> is a particular one. Indeed, it can refer to <b>two different products<\/b>. The first product is related to personal loans, as the second one is a specific service included in factoring solutions for SME.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Personal_loan\"><\/span>Personal loan<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>When talking about a private credit, namely a loan granted by a bank or financial institution to a private person, a credit insurance is an protection that covers the monthly repayment of the loan in case of death, illness, unemployment, &#8230; There are two types of coverage:<\/p>\n<ul>\n<li><b>Mandatory credit insurance<\/b>: this is a coverage in case of death. It is included in every contrat, and its cost is included in the interest.<\/li>\n<li><b>Non-mandatory credit insurance<\/b>: this coverage protects in case of illness, disability, or unemployment. It leads to an extra cost for the customer.<\/li>\n<\/ul>\n<p>For more information about this type of product, Creditloan offers <a href=\"https:\/\/www.creditloan.ch\/private-loan\/credit-service\/credit-terms\/credit-insurance\" target=\"new\" rel=\"noopener noreferrer\">a full guide for credit insurances<\/a>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Factoring\"><\/span>Factoring<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Factoring is a solution for small and medium businesses. Its purpose is to offer a protection against non-payment risks. This product is generally divided into 3 services:<\/p>\n<ul>\n<li>The factoring solution itself<\/li>\n<li>Assignment<\/li>\n<li>Credit insurance<\/li>\n<\/ul>\n<p>In that case, a credit insurance represents a range of services destined to externalize a certain number of credit management issues. It includes risk analysis and monitoring, and offers indemnification in case a claim occurs.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"MultiCredit_supports_its_clients_in_their_daily_lives\"><\/span>MultiCredit supports its clients in their daily lives<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>When you call on\u00a0<a href=\"https:\/\/multicredit.ch\/en\/best-credit-rate-contact-us\/\">MultiCredit<\/a>, you are putting your trust in a specialist who has been operating in Switzerland since 1999. Our experts have extensive experience in financing.<\/p>\n<p>More than 90\u2019000 clients have placed their trust in us over the course of our 23-year history. We take care of your request free of charge and with speed between 24 and 48 hours. We always put people first, on all projects and with tailor-made solutions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is a credit insurance exactly? Actually, this term covers two distinct products concerning two categories of services. A credit insurance related to a personal loan has indeed nothing to do with a credit insurance linked to a factoring solution for SME. Our explanation.<\/p>\n","protected":false},"author":4,"featured_media":10341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[258,252],"tags":[],"class_list":["post-10347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-en","category-various"],"_links":{"self":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/10347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/comments?post=10347"}],"version-history":[{"count":4,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/10347\/revisions"}],"predecessor-version":[{"id":20730,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/10347\/revisions\/20730"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/media\/10341"}],"wp:attachment":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/media?parent=10347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/categories?post=10347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/tags?post=10347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}