Frequently asked questions about borrowing and BKR

In our Question & Answer section, we get many questions about borrowing. Especially if you borrow a BKR encoding have. Because the experience is that once you have a BKR encoding behind, you do not quickly come from. What is important to know about the coding of the Credit Registration Bureau and the consequences?

Encryption
BKR encoding do you get when there are problems with fulfilling the obligations that you are committed. That may include obligations to a bank, but also to a mail or a finance company. Claims of companies that have fallen due by debt collection agency are reflected in the database of the BKR, just as problems with paying the bill of your mobile phone. If you do not meet your obligations, there will be a moment (and that does not last very long) that there is a message to the BKR goes. The company is obliged to notify you. And rightly so, because you will find many years suffer from some encryption.

Review
If you find a loan (in whatever form) to shut down the company is obliged to review your data at the BKR. That company was then released in what it does with the results. It is not that the BKR prohibits anyone further lending.

Private data - is not it?
Did you also access your registration to the BKR. You pay an amount of € 4.50 and then receives a comprehensive printout of your data in the mailbox. BKR corrects nothing at your request. If you believe that there are inaccuracies in the registration, you should knock at the company's credit that it has signed. It may be BKR in the discussion and mediation as a tailpiece, the BKR Dispute binding rulings that do.

Loans with BKR-coding
There are companies that make a loan can arrange for you whatever your BKR registration. That calls for caution. Sometimes they ask you for money for organizing it. Never pay for applying for a loan! In the area of mortgages, there are a number of organizations that are willing to provide mortgages to people with BKR encoding. That is according to the statement that you have the emergence of encryption and security that the house offers. And then you pay a substantially higher rate than is usual in the market.

Wise
Before you are looking for parties where you still can close a loan, it is better for you to ask if the loan you want really necessary. Can you imagine any other solution? Borrowing for luxury goods and really unnecessary. Even if you have income to contribute to the loan. There may indeed happen to your income significantly decreases (unemployment, disability, death, divorce). Do you have payment problems, stairs or into the trap of filling holes with even larger holes. Go in consultation with the parties where you have obligations rather than to walk away. Beat in time with the assistance of the municipality. And finally: Make sure you always receive your mail. Because false addresses are a major source of many annoying BKR encodings.