Why not make several credit applications at the same time?

multiple credit applications

Do you need private credit to finance a project? Do you want to increase your chances of obtaining a loan from a credit organization? You thus initiate procedures with various credit organizations. At the time, making several credit applications may seem like a good idea, but in reality, this is not the case! Applying for credit to several borrowers at the same time from several financial institutions will have consequences, but certainly not the ones you hope.

Your loan application will not go faster

Many make the mistake of applying for several credits at the same time in the hope of obtaining credit quickly. In general, this could even delay the processing of your file. Indeed, before processing a loan application file, banks consult a customer database, called ZEK. This is an association with which the lenders register all the facts related to the credits they process.

The problem with several applications for credits in progress is that you will therefore have several registrations at the ZEK. You will therefore be considered "unstable". This will make it more difficult to get your credit. In addition, you could also end up with a credit offer that is not on the best terms. Do delete bad registrations with the ZEK can be very difficult.

You risk having successive refusals

If your credit application is refused by a borrower, this will make acceptance at the next bank even more difficult. With several simultaneous credit applications, refusals will follow naturally. However, that doesn't mean you won't have credit. In general, refusals are caused by poor creditworthiness, non-cancelled lawsuits, a request mishandled by a lender or an intermediary.

By making several credit applications, your credit score may drop

multiple credit applications

When you are looking for a financing solution for your project, you apply for credit with a lending institution. In case of refusal, it will be registered with the ZEK. With several credit applications at the same time, you risk seeing successive refusals. The more there are refusals, the more your solvency score decreases, and thus, the more difficult it will be for you to take out loans to finance a project, whether it is a real estate project, a mortgage, personal credit, a car loan, a consumer loan, etc.

What is the solution to avoid these problems?

You now know that making several credit applications simultaneously is by no means a good idea. It is therefore more judicious to apply for a loan at the same time, whatever your financial situation. Be patient, and avoid making the mistake of requesting several credits at the same time. To avoid a refusal from a credit institution and to find the best offer on the market, you will need to choose the right credit organization.

At the house of Lica, you have the chance to find the best non-binding offers on the market. Lica works to make your dreams come true with more than advantageous credit. At Lica, our goal is to satisfy the needs of our customers.

Why apply for credit at Lica?

With more than 20 years of metered experience, Lica is your ally to obtain the best credit that meets your needs. To put it simply, here is what Lica offers you:

  • Loan amount from CHF3,000.- to CHF 5,000,000.- depending on your projects
  • The best acceptance rate in Switzerland
  • A response within a maximum of 24 hours
  • The best market conditions with low monthly payments
  • A fully online credit application in just 2 minutes
  • No application fees for processing your request
  • A personalized approach and a pre-analysis of your request

Pre-analysis of your credit application

Take advantage of the services of Lica and also avoid unnecessary registrations with the ZEK. Indeed, our computer system pre-analyzes your funding request before submitting it to our partners. This step gives you a personalized advice and optimal preparation of your request before sending it to a bank.

You avoid unnecessary ZEK registration while increasing your chances of obtaining your credit

At Lica, we know how to present a file to maximize your chances of granting and above all allow you to obtain the best conditions on the market. In addition, if your situation unfortunately does not allow you to obtain your credit, we take the time to tell you the steps to follow to obtain it as quickly as possible. Thus, you avoid unnecessary registration with the ZEK while increasing your chances of obtaining your credit.

Our conclusion to avoid you making several credit applications

As you will have understood, making several credit applications is therefore a very bad idea!

We advise you to be patient and entrust the financing of your project to a professional intermediary. You'll get better terms while maintaining a positive credit score.

You can also take advantage of contacting our specialists for general information on your loan. It will always be useful for you to know the tax, inheritance and financial impacts related to your credit. The right information will also allow you to make the right decisions.

Now that you are fully aware of the disadvantages of making several credit applications at the same time, take the time to contact our specialists. They will accompany you in a neutral and confidential way in your steps.

Do you have questions before making your request? Our advisers are there to answer your questions 7 days a week directly on WhatsApp. Ask us for more information and we will be happy to answer you!

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Ricardo Andre
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Despo Dimitriou
Despo Dimitriou
12:43 23 Apr 24
Omar Gourgel is a very competent and intelligent person. He is eager to help and find the best solution. Thank you for your efforts in helping me with my financing.
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Claudia Costa
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