In many cases, if you have a negative credit banks listing, you cannot borrow money from registered loan providers. But what does this credit banks listing mean and what do the special codings mean?
Represents a late payment notification
A negative credit banks listing is noted as an A-coding and represents a late payment notification. The Bureau Credit Registration (credit banks) in Tiel places you in the register where you will remain for five years after the repayment of the loan concerned. Once the backlog is fixed, it is indicated with an H-coding, which stands for Recovery. In addition, other codes are used, such as A1, A2, A3 and A4, which provide more insight into the background and the reason for the A coding.
Overview of special codes:
- Code 1: A repayment or debt arrangement has been made after the arrears have arisen.
- Code 2: The (remaining) lining has become due and payable.
- Code 3: An amount of 250 USD or more has been debited. Only when a booking is made for final discharge, an end date must be reported at the same time as code 3. In other cases, no end date is reported.
- Code4: The borrower was found to be unreachable.
Negative credit banks listing is a payment arrears at a bank
Often a negative credit banks listing is a payment arrears at a bank, mail order company or financing company. A backlog is always registered, even if this backlog is only a few euros. Sometimes there are loan providers who still lend you money after research. In these cases, situations beyond one’s own sphere of influence have been taken into account. The coding further indicates whether a high or low risk is expected if the loan provider provides you with a loan. It does not indicate whether you will receive the loan, the provider decides this himself.
The credit banks never prohibits a loan
The agency only informs. It is ultimately up to the loan provider whether they want to grant you a loan. On the basis of the available information, they also decide whether the loan is justified. Please note that registered banks and loan providers must always inquire with the credit banks before they can grant a loan. Companies and banks not only look at the credit banks information, but also at information that the credit banks does not have, such as: income, housing costs and family situation.
If you believe that the data you have viewed is incorrect, you can submit a request for correction to the loan provider who has submitted your data or to credit banks..