Here you will find the right answers
The moneyland.ch forum lets you exchange knowledge on numerous topics related to money and get answers to your questions at any time. Join forum users and experts in discussions relating to banking, investment, insurance, retirement, telecom and everyday money topics.
Show categories
Does it make sense to get a loan in order to pay off taxes I owe, taking the interest charged for tax debt and deductions for loan debt into account?
Hi there,
Getting a loan to pay taxes is almost never a good idea because loans are generally expensive. Using a personal loan to pay off tax debt can make sense is when the interest charged by the tax office for tax debt is higher than the interest charged by a private lender. It could also provide a solution if you want to avoid having unpaid debt listed in your debt collection register report.
If you cannot negotiate a debt repayment plan with the tax office, liquidate your assets to repay your debt or get a private loan at a low interest rate, then a personal loan may be your only option.
Make sure to compare loans carefully to find the cheapest loan available. You can do this using the interactive personal loan comparison on moneyland.ch.
Best regards from Moneyguru
More on this topic:
14 Lifestyle Hacks to Get Out of Debt Fast
Cheap bank accounts with card
Cheap bank accounts with card
Bank WIR Bankpaket Top
Free account & card
No exchange fees for foreign payments (interbank exchange rates)
24 ATM withdrawals worldwide per year free of charge
Radicant
1% interest on your everyday account
Best exchange rates
1% of card spending as saveback in the investment portfolio
Yuh
No account fees
Banking partner: Swissquote & Postfinance
CHF 20 trading credit with code «YUHMONEYLAND»
Alpian
CHF 100 welcome bonus
Favorable foreign exchange rates
Multi-currency account with Visa card (CHF, EUR, USD, GBP)
Deal of the Day 
Swiss Bank
Bank WIR Bankpaket Top
Free account & card
