Not every application is published. We check the creditworthiness and the ability to repay of every borrower. We reject applications that do not meet our criteria.
We rely on:
- information from the Swiss credit agencies CRIF, Creditreform and Bisnode
- for personal loans, the Central Office for Credit Information (ZEK) and the Consumer Credit Information Office (IKO)
- documents from the borrower, for example a debt collection register extract, salary statement or annual financial statements
For personal loans, we carry out the credit assessment required by the Consumer Credit Act (CCA). It is designed to prevent people from taking on excessive debt. The assessment results in the rating.
Our scoring: Cashare has developed its own scoring model for the rating.
- Personal loans: First we check exclusion criteria, for example a certificate of loss or a wage garnishment. Then we calculate a weighted score from a wide range of characteristics, including income and budget, employment and industry, household, security, the information from the credit agencies and the ZEK, the history with Cashare and economic data from the Swiss National Bank and the KOF.
- SME loans: Quantitative values determine the larger part of the rating: the credit report from Creditreform and the financial ratios from the annual financial statements, with the most recent year weighted double. A qualitative assessment of business strength, shock factors, financial strength and industry determines the smaller part.
If a credit agency shows a red light, we additionally review the application by hand. An analyst checks every result before we set the rating.
The requirements borrowers have to meet are explained in What requirements do I need to meet for a personal loan?
The assessment reduces the risk, but does not rule out a default.