Once during the guarantee period, your landlord has a possibility to file a claim against you. In that case, your guarantee ends. If your landlord files a claim, you will have 7 days to pay the amount or negotiate it with your landlord. After that if the claim is still open and unpaid, the sum is paid out to the landlord by Bailsman via registered financial institution. After that you can plan your repayment with the registered financial institution.
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Your cash is not tied up with large security deposits, which are very rarely used.
Statistically, there are less unlawful claims by landlords if the cash is held somewhere else.
Get a response to your application within minutes.
Our fee is lower than most credit institutions would ask for a loan of the same amount.
Bailsman guarantees are provided by registered financial institutions, letting you sleep without a worry.