{"id":18461,"date":"2018-02-16T12:18:54","date_gmt":"2018-02-16T12:18:54","guid":{"rendered":"https:\/\/www.multicredit.ch\/take-out-a-loan-despite-debt-collection\/"},"modified":"2018-02-16T12:18:54","modified_gmt":"2018-02-16T12:18:54","slug":"take-out-a-loan-despite-debt-collection","status":"publish","type":"post","link":"https:\/\/multicredit.ch\/en\/take-out-a-loan-despite-debt-collection\/","title":{"rendered":"Take out a loan despite debt collection – Is that possible?"},"content":{"rendered":"

<\/span>Take out a loan despite debt collection?<\/strong><\/span><\/h2>\n

Can I get a loan in Switzerland even though there are debt collection proceedings against me? To put it simply: no. The Federal Law on Consumer Credit (FLCC) states in Article 28 that the lender must check the consumer’s creditworthiness before concluding the contract. If a consumer has ongoing debt collection, he is not considered creditworthy. A bank will therefore always reject a credit request from a consumer against whom there are ongoing debt collection proceedings.<\/p>\n

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<\/span>Where does the information come from?<\/strong><\/span><\/h2>\n

In connection with the credit check, a financial institution makes inquiries about the consumer. For this research, it may request an extract from the debt collection register from the potential customer. In addition, banks can access the Central Office for Credit Information (ZEK, information here). This central office collects all credit information about consumers and assigns codes in case a consumer has not paid or paid late a credit or has made many credit inquiries within a short period of time. These codes lower the credit score even if one has no debt collection.<\/p>\n

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<\/span>What can I do?<\/strong><\/span><\/h2>\n

If you have ongoing debt collections, you cannot avoid paying them to be eligible for credit. So applying for a loan to pay off the debt collection is impossible. Since you cannot rely on a loan from banks, your only options are as follows:<\/p>\n