{"id":17218,"date":"2024-02-01T13:16:00","date_gmt":"2024-02-01T11:16:00","guid":{"rendered":"https:\/\/lica.ch\/?p=17218"},"modified":"2026-06-09T21:37:10","modified_gmt":"2026-06-09T20:37:10","slug":"why-you-should-never-apply-for-multiple-loans-at-once","status":"publish","type":"post","link":"https:\/\/www.lica.ch\/en\/credit-personnel\/pourquoi-ne-jamais-faire-plusieurs-demandes-de-credit-en-meme-temps\/","title":{"rendered":"Why should you never submit multiple loan applications at the same time?"},"content":{"rendered":"

Do you need private credit to finance a project? Would you like to improve your chances of obtaining a loan from a lending institution? That's why you start applying to different credit agencies. At first glance, applying for several loans may seem like a good idea, but in reality, it's not! Applying for credit to several borrowers at the same time from several financial institutions will have consequences, but certainly not the ones you're hoping for.<\/p>\n\n\n\n

Your loan application won't go any faster<\/h2>\n\n\n\n

Many people make the mistake of applying for several loans at the same time, in the hope of obtaining credit quickly. Generally speaking, this can even delay the processing of your application. In fact, before processing a credit application, banks consult a customer database called ZEK<\/a>. This is an association with which lenders register all facts relating to the loans they process.<\/p>\n\n\n\n

The problem with multiple credit applications is that you'll have multiple ZEK registrations. You'll be considered \u00abunstable\u00bb. This will make it more difficult to obtain your credit. What's more, you could end up with a credit offer that isn't on the best terms. Go to erase bad registrations with ZEK<\/a> can be very difficult.<\/p>\n\n\n\n

You risk successive rejections<\/h2>\n\n\n\n

If your credit application is rejected by one borrower, this will make it even more difficult to be accepted by the next bank. With several simultaneous credit applications, one refusal after another<\/a> of course. However, that doesn't mean you won't get credit. In general, refusals are caused by poor creditworthiness, unregistered lawsuits, or a poorly managed application by a lender or intermediary.<\/p>\n\n\n\n

If you apply for several loans, your credit score may fall.<\/h2>\n\n\n\n

When you're looking for a financing solution for your project, you submit a credit application to a lending institution. If your application is rejected, it will be registered with the ZEK. If you apply for several loans at the same time, you run the risk of being refused. successive refusals<\/a>. The more rejections you receive, the lower your solvency score, and the more difficult it will be for you to take out a loan to finance a project, whether it's a real estate project or a mortgage, personal credit<\/a>, car loans, consumer credit, etc.<\/p>\n\n\n\n

What's the solution to these problems?<\/h2>\n\n\n\n

Now you know that applying for several loans at the same time is never a good idea. It's better to apply for one loan at a time, whatever your financial situation. Be patient, and avoid making the mistake of applying for several loans at once. To avoid being turned down by a lending institution and find the best offer on the market<\/a>, You'll need to choose the right credit organization.<\/p>\n\n\n\n

At Lica<\/a>, You'll have the chance to find the best no-obligation offers on the market. Lica is committed to making your dreams come true with the most advantageous credit. At Lica, our aim is to satisfy our customers' needs.<\/p>\n\n\n\n

Why apply for credit at Lica?<\/h2>\n\n\n\n

With over 20 years' experience under its belt, Lica is your ally in obtaining the best credit for your needs. To put it simply, here's what Lica has to offer:<\/p>\n\n\n\n