

A fate that can hit most of the sudden: the borrower falls into the debt trap after the divorce. An unfortunate financial cycle is set in motion. Despite a fixed job and an additional income, the customer has accumulated some debts and turned in his desperate situation at the end to a so-called “ debt restructuring specialist „. Unfortunately mainly the provider earned money without any real success. While the borrower has paid a total of over CHF 23’300.- to this company in two years, his debts have just been reduced by around CHF 8’000.-.
The borrower then took out a loan from a traditional provider. He had to pay despite good creditworthy, the most used 9.95%, which resulted in monthly installments of more than 1’200.-. As part of a debt restructuring with Crowd4Cash the monthly installments could be reduced to just over 900.-. Thus, the borrower has gained some financial reserve and can finally reduce the debt effectively.
Crowd4Cash can leverage the fully digital business model at a low cost – for the benefit of our customers. We are very pleased that we have been able to help with this successful debt restructuring and finally have been able to provide the borrower with effective and cost-effective debt repayment after many years. For us as a Crowd4Cash team, such examples are always very motivating. They confirm that with our innovative business model, we can do more than just make loans. We look forward to you!