Installment credit providers make larger investments possible for many people in the first place. For the lenders, for the installment, there are many different options. In addition to the house banks, online banks, manufacturers and distributors, credit card companies and, of course, foreign banks also offer installment loans. Only those who are regularly informed can also take advantage of the different business ideas and loan models. Although all providers allow installment loans, the objectives and conditions are very different.
Installment credit provider closer look:
Installment credit providers often have other goals than to obtain maximum revenue from the loans lent. Installment credits from manufacturers and distributors often serve the purpose of promoting the goods. In the core business of the company, the profits should be achieved, the lending business, this installment loan provider, is often a means to an end. In addition to the “0% installment loans” of the auto industry, the consumer credit of the mail order companies can serve as an example.
Mail-order companies, but also department stores, often work with the selling point of the first installment, which is only due for a long time. In addition, they often offer credit-independent loans. A simplified test procedure makes these loans easier to access. However, be careful with late payments. These are rigorously forwarded to the credit bureau and may provide, at the next loan request, for a credit rejection.
Of course, online banks and local providers also give out installment loans, cheap offers are often used here for customer loyalty.
Credit cards can also be very attractive.
Credit cards are billed once a month. If it gets a little tighter on the current account, they are tempted to use the card’s credit line. Basically, this can even be very reasonable. Some providers grant up to 6 months an interest-free loan on the card account. Also, virtually all cards offer the option of installment. Cleverly used, they can therefore be used as a installment loan and also without interest. Those who really have the self-discipline to bring the account back to zero at least once every six months will save interest.
Installment credits from abroad help with credit bureau problems.
Of course, the foreign banks installment loan providers. They offer the, in the vernacular Swiss loans, installment loans. The advantage of these loans is the easier allocation. Foreign credits are tied to a less stringent public procurement system than German loans. The credit bureau can, when working with a foreign bank, as a installment loan providers are excluded. This applies to both the credit check at credit bureau, but also the entry of the granted installment loan at the credit agency. In this way, installment credit as a Swiss loan without a credit bureau entry does not have a negative impact on creditworthiness.
For every credit request, there is always a suitable installment loan provider.