When you collect and compare loans at The Alvins, a credit report with UC is sufficient. This is important to maintain your credit rating, which can otherwise be damaged by many credit reports for a short period of time.
To compare and collect loans without damaging their creditworthiness
If you apply for loans from several different banks and credit institutions, this means that each of them will take your own credit report on you. This can be a problem, since many credit reports are often seen as a sign of poor finances for a short period of time. Which of course need not be the case at all. As a private individual, comparing different alternatives can therefore make it more difficult to borrow or push up the interest rate and worsen the terms. So it shouldn’t be. The Alvins solution is that we take a single credit report which is then used by all the possible lenders that you can compare with us. This way, we help you find the best among several different options, without damaging your credit rating. Which is something everyone benefits from.
The problem with many credit reports
Anyone who lends money or gives credit wants to be sure to get their money back plus interest. Therefore, all borrowers check with a credit report, a UC. In Sweden, where everyone has a social security number, such information becomes quite comprehensive. One of the information that is visible is how many credit information has been taken recently. If they are many, it can mean that it is a person that others do not like to lend money to, that there is someone who does not have control over their finances, someone who tries to take several loans at the same time or that something else is strange. Many credit reports are simply considered to be at greater risk. This will cause some lenders to say no. Others may choose to charge a higher interest rate or to set other terms to minimize their risk. Which in itself is nothing strange. But it also means that a person with good and orderly finances who is trying to compare terms between several different lenders may have unnecessary worries. Such a false bad credit rating can then affect everything from the possibility of getting a telephone subscription to appearing in bad days before the tenant association you intend to move into. This problem can be solved by The Alvins.
Many loans to compare
At The Alvins, our customers are at the center. Therefore, it is obvious to us that their creditworthiness should not change unnecessarily for the worse. You should not be penalized for being a conscious consumer who wants to keep your loan costs down. This is what we can help with by taking only one credit report, which can then be used by all conceivable lenders. The whole idea is that you should have a better overall financial situation.