What are the reluctance of borrowers to buy back credits?

If consolidating your loans is already a thing of the past for some borrowers, for others some reluctance slows down the act, here are the main reluctance to buy back loans.

A little-known operation

Credit loan

Finance is a complex universe and only professionals really know the underside of a banking transaction, the grouping of credits is no exception to the rule. At first glance, this funding remains complicated to understand, but not impossible for ordinary people.

It is a logical reluctance on the part of borrowers who are still novices, but websites like this one allow a better understanding of the repurchase of credits.

A bad image

Although the operation has been democratized for several years, it suffered from a very bad image at its beginnings in the 2000s. . Today, a borrower who has gone through this stage has become aware of a lopsided situation and has to remedy it. It is always better to say that you have pooled your credits rather than being in debt.

The cost of buying back credits

The cost of buying back credits

If you read on a web page that buying credits will save you money, that’s totally wrong! The lender takes over your debts and spreads them over a longer period of time, therefore the cost will be increased, perhaps in a moderate way but in all cases you will repay an amount greater than the sums before redemption.

It is the only solution to reduce your monthly payments and rebalance your budget, again you have to see the financial situation over time and realize that it is necessary.

Lack of reliable information

credit score

This reluctance is closely linked to the first, by having bad information or partial information, one cannot get a precise idea of ​​the grouping of loans. Whose fault is it ? Professionals who cannot always communicate freely or with very rigorous and strict legislation in this area?

Difficult to make the share of the things but the report is there, many sites are present but do not answer frankly the fundamental questions on the grouping of loans.

The fear of being refused

Many borrowers are refused, but the choice of organization is the primary cause of refusal. Indeed, it is never comforting to be refused your request but by multiplying your requests with different structures of establishments (Bank, intermediary, credit institution), you optimize your chances of obtaining an agreement.

You should not limit yourself to your bank but go to a banking intermediary (broker, agent) who can have up to 8 mandates with establishments specializing in credit consolidation. A refusal is not a sign of abandonment, the slightest change in criteria or development of the situation can lead to an agreement.

Conclusions: reluctance to buy back loans

It is normal and human to be reluctant before embarking on the unknown but the grouping of credits is a banking operation which meets a real need: that of reducing your monthly payments. The simulation allows you to get started without getting involved and free of charge.

How can an existing loan be taken over?

In Switzerland, anyone who wishes and is able to do so can repay their debts and change lenders. In the context of a ” consumer credit recovery”, the loan taker can without any problem instruct another bank to take over the loans in progress. Often this reduces the financial cost of credit.

Change possible at any time

According to the Federal Law on Consumer Credit, the customer can at any time repay his credit in advance and change the lender. This ensures that the customer can accept a better offer from another bank.

Regulated procedure for taking over credits


To be able to take out a consumer loan, the customer communicates his desire for change to his new bank. The latter then contacts the old bank and the two banks settle everything between them. A new waiting period of 14 days starts as soon as the signed contract has been returned. At the end of this waiting period, the balance due is paid by your new bank to your old lender. You don’t have to do anything else.

Good reasons to change lenders

Good reasons to change lenders

There may be good reasons to change lenders. In most cases, lower interest and a lower monthly charge are decisive. However, you should also check whether several credits in progress or many credit card invoices could not be grouped together and so that you could not keep only one contact and only have to control one account movement.

Changing the duration of your credit

Changing the duration of your credit

Often the desire for a lower monthly payment can be met by extending the term of the loan. However, by extending the term of your loan, you also increase the total interest charges. Our monthly payment calculator lets you see it directly. Some credit takers, on the other hand, are interested in a credit of shorter duration when, for example, they receive money from an inheritance. Conversely, a credit of shorter duration goes hand in hand with higher monthly payments.

In all cases, it is recommended to regularly compare the existing offer with that of other providers, taking into account here not only the interest rate but also additional services, such as the credit-now security package. 

What should you know about private loans?

For the granting of credit, each credit supplier makes a commitment, not only visit its customers but also visit society. With the help of a serious demand check as well as detailed information on the desired credit and its risks, we ensure that you can also honor the credit. Responsible behavior when granting credit is totally in your favor.

Credits are used to overcome financial difficulties or to achieve personal goals

However, they should not lead to over-indebtedness. To guarantee the eligibility of your credit, information about your person, your financial situation, your income, and your employment will be collected. We order the legally prescribed check to know whether the main criteria for granting credit are met.

To assess your solvency, your overall financial situation will be estimated and an individual risk profile is drawn up. In this way, we can together calculate and plan your personal budget and determine if a loan is a right solution for you.

Personal advice

Personal advice

Personal advice is important to us. In an interview, your needs and possibilities will be themed and ambiguities removed. Responsible crediting also means that you are informed about the application process and the necessary clarifications. In this regard, we take the time for your questions and inform you in detail about the possible risks. With our call-back service, we guarantee that you will always get a response from your advisor within 24 hours and that we will not leave you alone in the event of further questions and uncertainties.

Complete documentation

With the contract, you will receive all the information relating to your credit application. You will find all the information on a sheet: the amount of the monthly payment, the depreciation, and interest shares as well as the management fees.

Additional security


During an outstanding loan, unforeseen events such as loss of employment, accident, illness or divorce can occur and lead to a change in financial situation. It is precisely there that we consider that individual advice is particularly important in order to find a fair solution.

The monthly payment guarantee in the event of death is included in all now financing solutions. If you have chosen now Classic, a complete and free security package protects you. Thus, for example, you have the possibility, during the term of the contract, of deferring the monthly payment twice, without additional costs. In addition, we advise you to cover the credit, against payment, against unemployment as well as incapacity for work and earning.