More than 561,000 Swiss cannot pay their debts. According to a study by the CRIF Institute. Western Switzerland is particularly hard hit by this phenomenon, which can have serious consequences.
Since 2016, the number of people with debt overhang has increased by 221 TP1T. The reason ? It’s simple: many adults would rather have everything now than worry about what will happen tomorrow or the day after tomorrow.
In western Switzerland, the situation is “particularly alarming”. The canton of Neuchâtel has the highest debtor quota with 10.9%, followed by Geneva with 10.4%. The debtor rate was determined by the number of people who were the subject of legal proceedings (debt collection, bankruptcy, default) as of July 31, 2019.
Few people look to debt, but the problem always starts with expenses that they don’t have the money to pay for. It could be frivolous reasons, or you may have had a terrible change in circumstances such as: B. a dying partner, a divorce, health problems or the loss of your job. Whatever the good or bad reason, it doesn’t matter from now on. The most important thing you can do is keep your expenses and budget under control. Debt is a symptom, not a problem. Before you tackle it, you need to cut your spending, not just to keep you from borrowing more, but to maximize your repayments.
So the main goal is to reduce the cost of your debt, but if you do this without looking at the bigger picture of all of your expenses, there is little chance of doing it.
How do you find the balance in your budget?
The first thing we offer you at Lica is an analysis of your expenses. Did you know that 80% of households in Switzerland can save up to 10,000 per year with very simple and non-binding tips. In addition, you can view and provide the training courses for one of our partners: Training area, how can you save money?
After we have drawn up an exact budget for your expenses, we will take care of showing all optimization options with the associated processes. Then we will help you organize your financial information in the various registers in Switzerland. Our “CleanData” package is therefore ideal for cleaning up your data!
Now that the situation is clear, we can begin to consolidate your current financings such as loans, leases, and your potential credit cards. Once all of these financings are regrouped, we will negotiate the current interest rates and offer you a new monthly payment that will allow you to balance your budget!
At Lica, we are committed to responsible lending with an extensive budget study and very high safety margins. Thanks to our cashback system, our customers benefit from an advantageous solution with the best market conditions!
Do you want to balance your budget?
Just like that, make a non-binding inquiry and let’s see how we can help you with our specialized solutions.
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