BKR registration increased
As of December 1, 2016, new rules apply regarding the registration of loans with the Credit Registration Office. The limit of registration has been shifted to credits of at least 250 euros that last longer than a month. Previously the limit was 500 euros. This means that more Dutch people will be registered in the BKR database. In addition to loans, debts are also kept with credit cards, credit cards and mail order debts.
Are negative BKR registration red?
Standing in red is seen as the possibility to withdraw money if your balance is insufficient. This means that standing in red is registered at the BKR. Even if you do not intend to ever use it, it will still be registered (as a credit option). There is a way to prevent this. This is if you clearly agree (in writing) with your bank that you may not be in excess of more than 250 euros. It should therefore not be possible to record more. In that case the red are not mentioned in the BKR database. There is then no question of a Red negative BKR registration.
If you do have the option to be more red, this counts as a credit. Matters such as a ‘free telephone’ with a subscription can also count as credit. If you want to apply for a mortgage, the lender will see these debts in the database. This can affect a mortgage application. At OUTBank, for example, you can be in the red for € 500 – € 2000. This is called a quarterly limit. Once every 3 months you must have a positive balance for at least a full working day. If you do not provide a positive balance, the red will be withdrawn. It is not known whether the bank will receive a red negative BKR registration. If this does happen then it is very worrying.
Delete negative bkr registration
A negative rating will remain in the database for 5 years. As long as there is a negative listing it is very difficult to borrow money or get a mortgage. Around 5,000 people then rely on specialized agencies that can get a justified negative listing. They do this, among other things, by examining the procedure of the lender. Has the correct path been followed when giving a negative rating? Usually the contact is made with the lender who gave the negative rating. It is then shown that the person in question is again financially healthy and the risk of recurrence (of default) is small. The lender can then decide to remove the negative listing from the database.
The BKR is not happy with this and has already tried to stop this at the court. The judge ruled against the BKR and the specialized agencies are allowed to continue to take away their advertising from a justified negative listing. The reason why the BKR is opposed to this is that the specialized agencies follow the legal path and put pressure on the lenders. Many lenders collapse under pressure and then give in. The price for removing a standard negative rating is € 420. More complex cases cost € 720. It is not known in how many cases success is achieved. A payment is not a guarantee for the removal of a negative listing.