Have your solvency code checked.
It is the key to an approval.
What are the consequences of this leading to a negative payment history?
A near impossibility of getting access to a credit card, a rental contract, payment facilities for a purchase, a loan…
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The debt collection office, CRIF, ZEK… these are all databases which, over time, archive your payment history, official complaints, legal conflicts, cases of unpaid invoices, non-refunded loans…
The law states that banks are obliged to check these registers in order to verify an individual’s data before validating a loan request. The aim is to avoid people having too much debt.On a yearly basis in Switzerland, millions of summons to pay are sent out and thousands of wage garnishments are executed.One can only imagine the amount of data that flows in and out of the registers on a daily basis
There are many reasons.It could be down to simple human or technical errors.Sometimes, it is due to a backlog of updates relating to your own status. Let’s keep in mind that data can evolve in nature over time. A complaint can be retracted, a final payment executed, a wage garnishment cancelled…
However, the flow of updates needs to keep up with your personal status on the day. It so happens that there is often a gap in time between updates and your current personal situation.
Finally, some cases are open to interpretation. We have to avoid the risk of a double punishment. Not only is the data wrong but the interpretation could be also.
Simply put, the experience and know-how of our experts when it comes to registries, codes, references and interpretations. This allows us to successfully navigate the databases and their content
Milenia is also a well-known and respected brand in the credit market. Thanks to our network of partners we are able to have errors rectified when discovered
Without a doubt, yes! A confirmation of a positive solvency score will considerably raise your rate of success when applying for a personal loan. The opposite is true as well. It’s even what the law states. No bank will green-light your application if one of the registries flags you as a risk.
As all services offered by Milenia, our advisory and actions answer to an in-house charter of quality and values. These are non-negotiable. We also follow the legal guidelines to a T. The many client testimonials on our website relate to this approach.
As for efficiency and speed, our team and level of technology lead to a fluid and instant handling of your requests. All our client files are promptly and efficiently treated.
It so happens that these databases are not always up to date. Some can even be riddled with errors. If you receive a negative answer to your loan request, it could be that you have a bad credit score or solvency level. These databases or registers are systematically consulted by loan institutions such as banks.
all upon an expert who understands the ins and outs of these registers and the attributed codes.
Our team of experts will review your information in detail and make sure your data is up to date and correct. If necessary, we also execute the required corrections so that you have a credit score / solvency code in line with your reality.
It is important to stress that some payment histories are wrongly interpreted or incorrectly recorded.
Our mission is to rectify these mistakes so that you are free to finance your personal projects without any hassle.
Don’t hesitate to have your data checked by our team. You will be supported and guided throughout the process
Milenia. Always at your side
