Loan seekers say that they are in the Credit Bureau if the credit protection database contains at least one negative characteristic. In fact, all residents are in the Credit Bureau, most with neutral entries such as existing bank details and possibly ongoing loans. In the event of a debt rescheduling, the consumer replaces existing loans with a newly taken out loan, which makes sense in the event of subsequent interest savings. A debt rescheduling measure is also useful if it reduces the monthly installment after the previous lender refused to extend the term.
In spite of Credit Bureau, debt rescheduling is easier to carry out than borrowing because the overall burden on the credit customer does not change. Rather, the monthly rate is reduced as a result of the cheaper interest rate and possibly thanks to an additionally agreed extended loan term. So that the borrower actually carries out a debt rescheduling and does not incur further liabilities in contrast to his information, the money transfer in the case of debt rescheduling is generally carried out directly on the previous credit accounts.
The lender will only transfer money to the borrower in the event of a debt rescheduling if the transfer by third parties to an account is not permitted. This applies almost exclusively to some of the credit card accounts. It depends on the individual case whether a requested financial institution issues a desired debt rescheduling despite Credit Bureau negative characteristics. Consumers have the best chance of getting a debt rescheduling loan if there is only one soft negative entry and they have forfeited it a long time ago.
Since Swiss banks only grant Credit Bureau-free loans directly to consumers up to an amount of 3,500 or – at a few financial institutions – 5,000 dollars, a federal debt rescheduling can only be obtained through a credit broker despite Credit Bureau. The debt rescheduling loan from Switzerland is not only granted despite an existing Credit Bureau entry, but without a Credit Bureau request. Before commissioning a service provider to arrange a debt rescheduling despite Credit Bureau, credit customers pay attention to their seriousness. This is the case if the credit intermediary does not charge any upfront costs in accordance with the statutory provisions, but only an appropriate commission in the event of successful debt restructuring efforts.