When we talk about loans, the wordcreditworthiness inevitably comes into play at some point. It helps decide whether you get a loan – and under what conditions.
But creditworthiness is not only an issue for banks.
It also affects whether you:
- can shop online on account
- get an apartment
- can conclude a leasing contract
- or get a new mobile plan at all
Sounds exaggerated? Isn’t it. After all, your creditworthiness is one of the most frequently used assessment bases in everyday life today.
Who actually stores your creditworthiness?
Here in Switzerland, there are several bodies that assess or store your solvency:
- CRIF: Credit bureau accessed by many merchants and vendors
- ZEK: Stores loan agreements, rejections, and more
- Debt collection offices: Lead entries to open or paid receivables
- Partly: Debt collection companies with their own systems
This data often ends up in the background during automated checks. You don’t get any warning – but suddenly a rejection.
The problem: Paid debts remain stored
Many people think:
“As soon as I pay, the issue is settled.”
Unfortunately not. In reality, entries are sometimes stored for several years, even if they have long since been settled.
This can lead to you suddenly appearing as a “risk” in a loan comparison – even though you are not one.
Or you suddenly only get “prepayment” when shopping online – because your CRIF score is too low.
The solution is: credit clearance
If you are affected, you should actively check and clean your data.
It’s not about hiding anything – it’s about fairness.
Deleted entries mean better chances. And sometimes even better credit conditions.
How does it work?
- Request data: Obtain an extract from the ZEK, CRIF or debt collection
- Analysis: Which entries are outdated or incorrect?
- Cleanup: Delete or have an entry corrected
- Improve creditworthiness: More options for loans, orders, leasing
You can do it yourself – or get support.
Our tip:
Always use a credit check before applying for a loan.
If you notice that something is wrong – act immediately.
And if you get stuck, specialized providers like credxperts.ch, who specialize in exactly that, will help you.
Creditworthiness is your financial reputation.
And it should be right.
Because only with a correct credit rating file do you have the best chances – for loans and everywhere else.
You want to learn more about loans despite poor credit? Then check out our comparisons:
Compare loans with poor creditworthiness
Would you prefer a credit check or a credit adjustment? Then contact our consultants today for a non-binding and free consultation
