When scoring, the banks use all credit-relevant information that they have about the applicant. The available information is evaluated and results in a score with different weighting.

Every bank has to check the creditworthiness of a customer and debt collection usually means that you are not creditworthy and cannot get a loan.

An installment insurance also called credit insurance, can in case of accident, illness, unemployment through no fault of their own or disability their credit installments - because in life, many things can happen.

The purpose of the ZEK (Association for the Management of a Central Office for Credit Information) is to manage a reporting and information organisation on prospective credit, leasing and credit card customers as well as on the obligations and creditworthiness of borrowers, lessees and cardholders. In addition, official publications from the cantonal gazettes are stored.

Accident, illness, unemployment through no fault of your own or disability - many things can happen in life. That's why we recommend that you take out insurance for your monthly instalment payments.

Car financing with bestcredit offers you the opportunity to buy your dream car immediately and pay with fixed monthly installments. This earmarked car loan is an interesting alternative to leasing and can be a sensible and affordable financing solution. Both for new cars and for used cars.

If credit instalments are paid late, the lender may charge interest on arrears from the first day after the due date. The Consumer Credit Act stipulates that the interest on arrears may not be higher than the credit interest rate applied in the contract. Late payments are reported to the Central Office for Credit Information (ZEK), which could lead to problems with subsequent credit applications.

Certain information about the loans you take out is collected by central credit information agencies. A financial services company will check your creditworthiness (borrowing capacity) and then decide whether you can be granted a new loan.

This is a question that many consumers face. Even if the answer cannot be given universally and it always depends on the personal financial situation of the borrower, there are some basic things to consider when taking out a loan.

If you pay off your credit card bill and only transfer the minimum partial amount, you can be charged enormously high interest.

Credit cards are often an indispensable means of payment. However, some guidelines must be followed to protect against misuse. The most important: report the loss of the card immediately.

The Federal Council wants to reduce the maximum interest rate for consumer loans from the current 15% to 10%. On Friday 5 December 2014, it opened the consultation procedure for a corresponding amendment to the Ordinance on the Consumer Credit Act. It also proposes to introduce a simple and clear calculation mechanism for the future and to enshrine this in an ordinance.

Please read these conditions carefully.