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Illustration of a person checking documents and mobile phone regarding credit.
Financial Law

Declined after a credit check: BKR, commercial information agency or automated decision?

Has your credit check been declined? Then it is important not to immediately assume that you have a negative BKR registration. A company can assess your creditworthiness in various ways. Sometimes it consults the BKR, sometimes a commercial information agency, and sometimes an automated assessment plays a role. Therefore, the first question is not: “How do I get my BKR […]”

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Sad man and lawyer near a damaged house
Financial Law

BKR Codes Explained: A, H, and Speciality Codes 1 to 4

A BKR code provides information about a credit agreement and potential payment issues. The meaning of a code depends on the credit type, the data the lender reported to the BKR Foundation, and the status of the agreement. In this explanation, you will read what an A code, an H code, and the speciality codes 1 to 4 mean in […]

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