Credit can be scary. Let's separate the truth from the falsehood.
Not even afraid.
When humans are not in control of their environment, they can show a sense of distrust and resistance.
The solution? Clarify, explain, compare. It is therefore necessary to provide all the information necessary for decision-making, in complete confidence.
So let's separate the truth from the falsehood when it comes to credit.
I will never ask for a loan! They're all scammers!
This point of view has the merit of being clear-cut, although scammers are also rampant in the world of credit, this is just as true in most industries.
The question is therefore not whether there is a risk of fraud or scam, but to distance oneself from the principle that all actors are dishonest.
In reality, the vast majority of financing platforms, brokers, lenders are professional. It acts in good faith while scrupulously complying with the regulations in force.
Scammers exist! True.
Is this a majority phenomenon and limited to the credit sector? False.
What about the law? Does it protect me?
Yes, let's take the Consumer Credit Act in Switzerland as an example.
This law clearly states that all articles of good governance must be respected by recognized and active actors in private credit.
The central spirit of the law is to prevent over-indebtedness.
As a result, a series of control measures are imposed on stakeholders to ensure that a loan is approved only if the repayment capacity and debt ratio meet the financial requirements.
In addition, the law highlights certain rights to which you, the customer, are entitled. These rights may correspond to early repayment, the collection of loans, a withdrawal period, etc.
I generally have a higher degree of protection than in other types of financial transactions. True.
Should I still be careful to avoid the risk of over-indebtedness? Absolutely.
Okay, but it's expensive!
Of course, there is an interest rate when you take out a loan.
However, it doesn't have to be expensive.
By simulating your credit on a financing platform and choosing an organization that has an extensive network of banking partners, you will benefit from the best market conditions that are adapted to your budgetary situation.
Be careful that you never pay administrative fees that don't need to be!
We were talking about scammers, it is typically this type of request that will determine the seriousness of your interlocutor for your future credit.
A cost will be generated by my loan. True. Interest is charged.
It's expensive! Not necessarily.
Ok, but they're all the same platforms!
False. The credit market is made up of different players.
Not all of them are the same.
The main differences to pay attention to are:
- The quality of the network of partner banks.
- The ease of putting together a credit report.
- The ability to easily communicate with an advisor.
- The proposed tailored approach.
- The seriousness with which your file is put together.
- Access to numerous customer testimonials.
- The score given to the platform by a quality organization.
- Transparency of the information transmitted. Responsible persons, team members, address, means of communication, etc.
You'll find that only a few platforms meet the criteria listed.
They're all the same! False.
Can I trust an online platform?
The digital nature of a service is not a guarantee of quality. It's similar for non-digital.
Trust is acquired by the ease with which you access the information necessary for your decision-making but also by the quality of the advice given.
A financing platform such as Milenia allows you to simulate a loan, to learn more about the conditions to be met, it invites you to get in touch with a specialist who will be able to make you a tailor-made proposal, it will also allow you to browse testimonials and read a multitude of articles related to credit.
If you would like to know more, it is possible to visit our offices or speak in person with one of our experts.
I can trust this type of platform! True.
But I'll be stuck if I can't pay it back!
The first question to ask yourself is your repayment capacity and your debt ratio.
It is strongly advised to postpone your plans until your financial situation is healthy enough.
As a reminder, the law prohibits the promotion of conditions leading to over-indebtedness.
That being said, life sometimes throws surprises at us.
As long as you are responsive, it is very often possible to suspend payments for a short period of time or even to adjust the amount of your monthly payments.
However, this must be done in full transparency and in agreement with the lending institution.
This, of course, will extend the repayment period.
If you start too late and an accumulated debt becomes very difficult to manage, we advise you to get support in your restructuring efforts.
The watchwords are responsiveness and transparency. In most cases, you will be able to get through it with the support of advisors. The goal is to avoid being prosecuted; This would considerably complicate your regularization process.
Credit is not flexible! False.
(If you do it on time and transparently).
Credit is only for the most modest households!
Another false belief.
The need for funding to carry out a project is not limited to a portion of the population.
All types of households choose credit as a solution to finance the purchase of a vehicle, a property renovation, a wedding, a trip, studies, cash flow, etc. There are many examples.
What matters is that your project is carried out, whatever your level of wealth, in conditions adapted to your reality and that respect the legal framework.
Credit has sometimes suffered from a bad reputation, but thousands of customers trust us every year.
It is not for nothing that Milenia has become a leading platform for financing in Switzerland.
The tailor-made approach, the quality of our listening, the extent of our network of banking partners and the professionalism of our teams naturally lead to privileged relationships with our loyal customers.
We are particularly proud of this!
