Hi there,
Bitcoin lending platforms are (still) few and far between. Each platform uses its own model for determining creditworthiness. Some platforms use reputation-based scoring, in which your creditworthiness is determined by the user ratings which you receive on major commercial platforms like Ebay. It takes time and dilligent payment of debts to build this kind of reputation. Other bitcoin loan platforms use conventional models in which you are required to provide information about your income, place of residence, age, employment status, and many other factors which could influence your creditworthiness. Some platforms partner with international credit bureaus and debt collection agencies to obtain credit information.
In short, the criteria for bitcoin loan approval is not normally lower than those which you must meet in order to get conventional loans. However, because the creditworthiness models used by many bitcoin platforms differ from standard Swiss credit rating practices, there is a chance that certain positive factors which are not accounted for by Swiss lenders may be taken into account by bitcoin loan platforms.
Best regards from Moneyguru
More on this topic:
14 Lifestyle Hacks to Get Out of Debt Fast
