{"id":9064,"date":"2014-02-13T09:48:00","date_gmt":"2014-02-13T09:48:00","guid":{"rendered":"https:\/\/multicredit.ch\/wp\/refus-credit\/"},"modified":"2020-04-03T14:25:19","modified_gmt":"2020-04-03T14:25:19","slug":"refus-credit","status":"publish","type":"post","link":"https:\/\/multicredit.ch\/en\/refus-credit\/","title":{"rendered":"Loan refusal: don&#8217;t panic!"},"content":{"rendered":"<h2><span class=\"ez-toc-section\" id=\"Do_not_make_any_other_request\"><\/span>Do not make any other request!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If the first reaction after a loan refusal is to make another request towards another agency, it is indeed <b>the thing you shouldn&#8217;t do at all<\/b>. By doing that, you will generally make the situation worse. Indeed:<\/p>\n<ul>\n<li>You should know that every credit request is recorded in the Swiss loan central (<a href=\"http:\/\/www.zek.ch\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ZEK<\/a>).<\/li>\n<li>Your loan refusal will therefore be visible and count as an unfavourable item for every future application.<\/li>\n<li>Accumulating too many refusals will penalize you for many months.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Check_the_loan_refusal_reasons\"><\/span>Check the loan refusal reasons!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The first right thing to do is to inquire about <b>the reasons why your loan has been refused<\/b>. If those reasons are not clear, do not hesitate to contact the loan agency where you made your request. It is indeed important to know and understand the reasons of your loan refusal. Those could be:<\/p>\n<ul>\n<li><b>A bad budget<\/b> (or <i>scoring too low): in that case, you could eventually try elsewhere, each bank or agency having its own criteria.<\/i><\/li>\n<li><b>One or more ZEK codes<\/b>: a negative record to the Swiss credit central, which indicates a problem in the past (related to a loan or a credit card). If you want to know more about ZEK codes related to a loan refusal, do not hesitate to consult CreditLoan &#8211; the loan specialist in Switzerland, to learn more about the <a href=\"http:\/\/creditloan.ch\/zek\" target=\"_blank\" rel=\"noopener noreferrer\">ZEK codes<\/a>.<\/li>\n<li><b>Prosecution<\/b>: the Swiss loaw prohibits loans to people with formal legal processes to recover money.<\/li>\n<li><b>Basic conditions<\/b>: those could be related to your Swiss working permit, your actual employment. Do not hesitate to check the basic Swiss <a href=\"http:\/\/creditloan.ch\/credit-terms\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">credit terms and conditions<\/a> in order not to make excessive requests.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"When_should_you_apply_again\"><\/span>When should you apply again?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Finally, the main question is <i>&#8220;when can you make your new request after a loan refusal?&#8221;<\/i> and then, everything depends on the refusal reasons. The first thing is to correct your current situation and problems related to your loan refusal. In any case however, you should wait <b>at least 3 months<\/b> before applying again for a new loan.<!--:--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You made a credit request and have been refused? You would like to be sure that your next application will not result in a loan refusal? We offer you some informations and tips about the subject.<\/p>\n","protected":false},"author":4,"featured_media":9060,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[258],"tags":[],"class_list":["post-9064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-en"],"_links":{"self":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/9064","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=9064"}],"version-history":[{"count":1,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/9064\/revisions"}],"predecessor-version":[{"id":9067,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/9064\/revisions\/9067"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/media\/9060"}],"wp:attachment":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/media?parent=9064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/categories?post=9064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/tags?post=9064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}