HHC Credit’s credit rating is more than an internal credit rating. It’s your chance at a small loan, even with a medium credit rating.
In principle, a borrower in Germany with a scoring score in the scoring area A – C (see graphic below) and regular income is considered creditworthy. Banks assess the creditworthiness of their claimants on the basis of default probability data, statistics and their own internal guidelines. These guidelines refer to banks’ experience of the repayment probability of installment loans, which typically have an average maturity of 12-36 months.
The advantages at a glance:
- Proven increased credit opportunities (for customers
uSmile Audit score D).
- Electronic recording, calculation and analysis of the current financial situation in relation to loans with a term of up to 60 days.
- Creation of a bundled risk certificate to determine a current internal short-term credit score for presentation and transmission to the bank.
- You will be verified online by HHC Credit.
- HHC Credit will assume the full costs of credit rejection and charge the fee only upon successful loan payment.
Our concern – your advantage
The HHC Credit short-term loan is a new credit segment in Germany and calls for new valuation standards, even among the banks, which collect their experience and scores so far on the basis of long-term loans. The repayment behavior of customers for short-term loans is not included here. With the Credit Certificate of HHC Credit small credit customers now have the chance that their positive repayment behavior is mentioned and included in the credit rating also at banks. And that means a clear increase in creditworthiness, even for middle-rated customers.
HHC Credit offers customers in Germany as the first provider since 2011 an instant loan, which has targeted only 30 – 60 days. That’s exactly what HHC Credit argues for you. It is the simple fact that your credit rating for a loan with a maturity of 30 – 60 days must be assessed differently than for longer-term, classic installment loans. By acquiring the creditworthiness certificate, HHC Credit uses a variety of data to determine a short-term credit score that communicates a different level of trust to the bank.
By evaluating your data entry, as well as incorporating the experience and processing of over 200,000 short-term credit inquiries in conjunction with uSmile Audit’s calculation values and fraud detection systems, there are other repayment behaviors and an accurate pattern for the default probability of short-term borrowers that HHC Credit calculates and processes. Based on this information pool, our software uses algorithms to calculate a short-term credit index that differs from that of a bank: the repayment frequency for a short-term microloan with a maturity of 30 – 60 days is different from that for larger installment loans of, for example, CHF. As 20,000 euros and longer maturities of 30 – 60 months.
HHC Credit’s credit rating, as described, is more than an internal credit rating. It’s your chance to get a microloan outside of a uSmile Auditscore from A to C. And it’s fair play: if HHC Credit does not succeed in convincing the bank of your credit rating, you will not incur any costs.
The previous process
The uSmile Audit creates a forecast of natural persons and divides them into a score area, which is categorized by letters of the alphabet. The letter A symbolizes the best group with the lowest repayment risk. People with a uSmile Auditscore from A – C usually have no problem getting a loan. Credit agreements are reported by the respective contracting parties to the uSmile Audit and the history of the individual credit history is recorded in the uSmile Auditauskunft. These entries are archived for up to three years and affect both positive and negative entries. This means that a negative entry from the past, such as. For example, a late-paid bill may now have an after-effect on your score. Sometimes this just prevents a positive response to your loan application. People who have a score range of D – M tend to be severely limited in terms of their credit situation. Although you no longer have any outstanding debts, you are listed as an average credit rating and are often excluded from lending.
Finally a new possibility
So there should be a way that can currently gauge your actual credit on instant loans and your actual financial situation. The HHC Credit credit rating can do just that. With more than 200,000 transactions completed, HHC Credit has now gained meaningful experience and incorporated it into algorithms that allow you to quickly assess your current credit rating along with your submitted application data. In this process, not only your identity online, but also a bundled risk certificate are determined from all accessible data, algorithm values and the information you provide.
The positive empirical values contained therein are made available to our banking partners and help to convince them, to give them confidence and to lend money. Our system recalculates the electronic certificate with each new application and thus your credit situation is always up to date and gives you access to the market for short-term capital.
The credit certificate of HHC Credit
Trust HHC Credit, because HHC Credit trusts you. By purchasing an HHC Credit,Credit Certificate, you increase your chances of getting an Express Loan, which will help you quickly in a short-term financial crisis. At the same time, verify yourself online with HHC Credit. You improve your public credit score through positive repayments. Always up to date and adapted to your current situation. This gives confidence to banks and other partners.