German Credit Information Center Zentralstelle für Kreditinformation (ZEK) is a Swiss credit bureau centralizing and listing all credits relating to one person. The purpose of this body is to verify that a new credit or loan granted to an individual falls within the financial capacity of the individual 1 .
Any credit request ( loan , credit card ) must be submitted to the ZEK for verification by the credit company, bank or lender. The law provides that the lender must examine the ability to take out credit and therefore the financial position of the borrower. In case of violation of these provisions, the lender loses the amount of credit he has granted, including interest and costs. The consumer may also claim the reimbursement of the amounts already paid by him 1 .
External links and references
- Official website of the ZEK [ archive ]
- ZEK [ archive ]
Notes and references
- ↑ a and b GHI , May 6-7, 2009, p.29, Major but irresponsible , by Diane Broto