The pitfalls of a credit
The credit sector is made up of many companies whose name is cortical only! Several internet sites have created the specialty of throwing misleading advertisements into the air without being mandated by any financial establishment.
These dubious providers are not about financing a loan, just about collecting high fees. These pull the last money out of the pocket of the people who are in financial need!
Despite the Small Credit Act (KKG), there are still various dubious companies on the Internet. So take a close look at such dubious providers! And above all, you pay NO fees! Most of them are companies that only offer financial restructuring. You will quickly notice that it is only illegal temptations and promises. Most credit companies that advertise such lure offers come from abroad, such as B. Germany, Austria, England, Spain etc. For the individual customer it is impossible to take legal action here, since these companies operate abroad. Since 2003 it has been strictly forbidden by the (KKG) law to charge the customer additional fees for a loan.
We list the most common tricks of the credit rip-off:
Consumers in need of money reach for every straw. Also unconditional loan offers à la “We do not reject anyone!”, “We give you credit – even without a credit check.” They are tempting. But be careful, this is a trap.
Such offers from credit intermediaries are often the last hope for consumers in financial situations. But in reality there is a trap behind it: “Instead of the hoped-for money blessing, customers are sent an invoice.” This can increase the financial need. The reason: Instead of arranging a loan, customers have commissioned a so-called fee-based financial restructuring. “This is nothing more than commercial debt advice, but without any guarantee that the situation of the consumer will improve.
The financial reorganizer does not even have to provide the customer with proof of activity. “This means that consumers should pay an invoice without the alleged intermediary having to prove that he has performed the service owed.
Even if the financial worries are great, customers should not sign contracts that they have not read carefully, especially with such promises. “In contracts, the term ‘financial restructuring’ and the payment agreement often only appear in the small print, then you better stay away from it. Offers that require payment in advance or cash on delivery should be avoided by consumers.
Credit without ZEK / Credit Bureau
Did you know that all credit banks are obliged to report credit information to ZEK and the information center for consumer credit (IKO). If you are promised a loan without a credit check or without a ZEK, it is very likely that there is a fraudster behind it.
Loan despite debt enforcement
A second attempt at temptation is often through debt enforcement. Loans are offered and promised on the Internet despite debt enforcement. If you have debt enforcement, you are usually not considered creditworthy. Read our blog post “Do I get a loan with open debt enforcement?”
A credit broker earns from the commission that is reimbursed by the bank and not from the processing fees. In order to protect the consumer, all fees must be included in the loan interest. However, credit fraudsters on the Internet network first ask for an advance payment in order to send the contract documents at all. If fees are charged, they are not reputable lenders.
If the promise is empty, the instant loan remains. So that the customers can go through the whole thing again, the law (KKG) states that the small loan may only be paid out after 14 days. So it is impossible to have the money immediately.
rate offers If a broker advertises with low interest rates, you should consequently ignore this! In Switzerland, the lowest loan interest rate is from 5.9% to a maximum of 15%.
Foreign banks / intermediaries
Check at Zeflex (commercial register) whether the bank / intermediary that promises you a small loan is also registered. If the company has an address in Switzerland, it does not mean that the company is registered in the commercial register. We recommend that you check the companies in Zeflex. Foreign banks / intermediaries without a banking license are not allowed to issue consumer loans in Switzerland.
Imprint / General Terms and Conditions
In the General Terms and Conditions / Imprint you will find more information on the activities of the credit provider. And lo and behold, they are not credit providers and certainly not brokers, they only provide information!
Fixed office address and telephone number
For a year now, every company that runs a website has been required to provide an imprint on the page. The imprint shows whether it is a reputable company or not. The fixed office address, telephone number and commercial register number should be visible. Do not trust any website that does not show the commercial register number, address or telephone number. Attention you will only find a mobile number, we also advise you not to contact the company.
A credit intermediary should have well-trained staff, with a good command of spoken and written German. It doesn’t hurt to call a provider to get a feeling of who is behind a supposedly reputable website.
In the case of debt: contact a cantonal advice center
- Avoid debt repairs that advertise in newspapers or send commercial mail to households
- People with financial difficulties should also be extremely careful when it comes to offers on the Internet
- Never make an advance payment when you get a loan recovery or loan offer
- Never call credit intermediaries who can only be reached via an expensive 0900 number
- If you have debt problems, contact one of the cantonal debt advice centers.
Addresses of reputable debt advice centers
FINANCIAL RESTRUCTURING IS NOT A LOAN!
Nothing except expenses!
With the financial reorganization contracts offered by the companies there is no payment of a loan amount, but only a reorganization of existing debts (debt regulation). A financial restructuring company is trying to agree on payment facilitation in discussion with the creditors. Many consumers understand the term financial restructuring to mean arranging a loan and therefore sign the contracts sent to them.
When you leave your coordinates on these sites, you belong to a group and have plenty of possibilities to be contacted by several unsolicited banking establishments to whom the intermediary site sold files with data.