This value is called a "score". The score shows how likely you are to be able to repay the loan without any problems. This allows you to decide whether and on what terms (eg loan collateral, interest, down payment) the banks can meet your loan request.

Why is the scoring procedure used by banks?
Not all loans made by banks are repaid on time and in full. Scoring helps to assess the likelihood of you repaying your loan. This helps both sides avoid unnecessary risk.

Scoring enables banks to make an objective credit decision and ensures that every credit application is assessed according to the same standards. Scoring enables a neutral and reliable credit decision.

What data is used?
Scoring uses information that you provided when you applied for credit. For example, details about your income and employment are taken into account.

Also important are experiences made with you as a customer, e.g. if you have repaid a loan at your bank without any problems.

In addition, data obtained with your consent from credit agencies, such as ZEK, is also included. ZEK provides the banks with credit-relevant information such as the number of your current loans. You can find out what data the credit agencies have stored about you at www.zek.ch on the website of the.

In the case of scoring, no information alone decides whether and on what terms (interest rate) your credit request will be granted. The credit decision always results from the combination of all underlying factors.

So your income, how many people live on it and what other payment obligations you have are also assessed.

How do I improve my scoring?
The quality of your personal score depends on various factors that you can influence. You can help determine your score by giving banks accurate and up-to-date information about your personal and financial circumstances.

You can contribute to a good score if you manage your financial obligations responsibly. Credit debt should always be balanced with your income.

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You can also positively impact your score by regularly meeting your existing credit obligations and paying bills on time.

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Data that is taken into account in scoring:

Income level
- Salary and other income
- outlays
- existing liabilities
- rent

Employment
- occupation
- employers
- length of service
- alien's identity card

Experience from a previous business relationship
- contractual repayment of other loans / leasing / credit cards

Information from credit agencies
- ZEK information on other loans, leasing, credit cards
- credit report
- Other information such as Deltavista / Teledata

etc.

 

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