Answers to
All Your Credit Questions

A renovation loan can be used to finance any project focused on improving, renovating, or maintaining your home.

When applying for credit, you will typically need to provide the following personal information:

1. Identification Details: A copy of a valid ID or passport.
2. Contact Information: Your current address, phone number, and email address.
3. Income Details: Proof of income, such as recent salary slips or tax returns.
4. Employment Information: Details about your current employer, job title, and length of employment.
5. Financial Obligations: Information about existing debts, loans, or credit card balances.
6. Banking Information: Your bank account details for verification purposes and credit disbursement.

Additional documents or information may be required depending on the credit provider and your specific circumstances. Providing accurate and complete information is essential to ensure a smooth application process.

‍

After taking over your lease contract, you must have code 178 removed from your driving license. This code indicates that the vehicle was previously under a leasing agreement. Please ensure that the leasing organization has submitted the required information to the car office to facilitate this process.

It is essential to address any difficulties in paying your monthly credit installments as soon as possible. Ignoring these challenges can lead to increased financial strain, additional fees, and a deterioration of your creditworthiness, which may be recorded in the ZEK register.

Fortunately, solutions are available to help you regain control of your situation. Your broker is here to provide guidance and support, evaluating your financial circumstances and outlining potential options. These may include negotiating a payment deferral, restructuring your credit terms, or exploring other tailored solutions with your bank.

For more details on responsible credit practices and managing financial risks, we encourage you to consult the Swiss Consumer Finance Association Information Notice.

All types of private loans registered with the ZEK (Central Credit Information Center) can be bought back. This includes personal loans, credit card balances, and leases. Based on your request, the Credial team and the bank will handle all the procedures to reimburse and consolidate your commitments.

A personal loan offers flexibility, allowing you to finance any type of equipment, whether it's furniture, appliances, or home improvements, without specific restrictions.

‍

You can request to increase your credit at any time, provided that the conditions for granting a credit are met and the lending institution agrees. However, it is important to note that some banks may decline requests for credit increases that are made too soon after the initial credit approval or are too frequent. These situations are often associated with higher financial risk from the lender's perspective.

To ensure a smooth process, we recommend discussing your situation with our advisors, who can guide you through the requirements and help you prepare a strong application for your credit increase.

‍

‍

Your Credial personal advisor will be in charge of your file. This financial advisor will be your main contact person and will take care of the entire processing of your file. He will be responsible for coordinating all steps of the process, including communication with the bank or financial institution, to ensure that your credit application is managed professionally and effectively.