Credit register extract

A credit register extract is a summary of the information about a private individual saved in the Positive credit register. A lender organisation testing a loan applicant’s creditworthiness requests a credit register extract from the register. However, lenders can request an extract only in certain situations prescribed by law.

The use of data recorded in the credit register is described in detail in Sharing information from the Positive credit register.

The credit register extract contains information about a private individual’s loans and income. If the person has set a voluntary ban on credits, this is also indicated on the extract. The income data on the extract, i.e. the amounts of wages, pensions and benefits paid to the individual, have been received from the Incomes Register. The income data is shown on the credit register extract as monthly income for the past 12 months.  

The credit register extract contains the following information:

Identifying data

• personal identity code of the individual whose information the register extract concerns
• identifier of the organisation that has requested the extract.

Summary of credit information

• number of lenders and peer-to-peer loan brokers that have issued or brokered loans to the person
• number of loan contracts that the person has
• most recent loan-related payments in total (each loan’s most recent amortization, interest payment or expense amount added together)
• leasing contracts’ monthly payments in total
• number of loans where the person is a guarantor.

Loan information

• loan type: lump-sum loan, running-account loan or leasing
• date of loan contract
• number of debtors
• loan currency
• an indication of whether a collateral is included in the loan contract; if yes, the type of collateral
• the start and end dates of the deferments of amortizations, current and future periods
• due date of an instalment that is overdue by at least 60 days, and the unpaid amount of the instalment
• loan foreclosure (if any)
• if the loan type is Leasing:
  • start date of the leasing contract if it is not the same as the date of loan contract
  • final price of the leased asset if redemption is required by the contract
• if the loan type is Lump-sum loan:
  • loan’s purpose of use
  • final due date of the payment plan
  • loan amounts granted and withdrawn
  • loan balance
  • amortization frequency
  • repayment method if the loan is to be repaid as a lump sum (bullet repayment) or if the last instalment is larger than the regular instalments (balloon repayment)
• if the loan type is Running-account loan:
  • credit limit
  • amount drawn, and the value date.

Income data 

• A credit register extract shows a person's income for the last 12 calendar months.
  • Information is only showing the full calendar months, i.e. the income data for the current month is not shown in the extract.
• Only income that has been reported to the Incomes Register can be shown in the income data.
  • For example, income received as a self-employed person with a business name, grants, most capital income or a self-employed person’s earned income are not reported to the Incomes Register if the self-employed person is insured under the Self-Employed Persons’ Pensions Act or the Farmers’ Pensions Act.
  • If the person has no income to be reported to the Incomes Register, the credit register extract will show EUR 0 per month as their income.
  • See the Incomes Register website for more information on what income data and benefits payment data payers must report to the Incomes Register.
• Income is broken down by month in the credit register extract into wages and benefits, and further into gross and net income. The payer of the wages or benefits is not shown. 
  • Wages include other types of income to be reported to the Incomes Register, except for tax-free kilometre allowances, meal allowances and daily allowances.
  • Benefits include almost all benefits that are reported to the Incomes Register. The type of benefit is not specified, but all benefits are shown as a total.

The formula for calculating income data in the register extract can be found on the Documentation page.

 

Up-to-dateness of data

The data in a credit register extract may not reflect the actual situation of a person in real time. There may be inaccuracies in both credit data and income data. This is because there is a certain delay between the data appearing in both the Positive credit register and the Incomes Register. This delay is due to the reporting deadlines prescribed in law.

Credit data is reported to the register according to the following deadlines:

• information on new credit agreements no later than the calendar day following the conclusion of the credit agreement
• credit transactions and changes to credit data within two working days
  • This information includes, for example, credit repayments, credit arrears and the expiry of credit.

Income data is imported into the credit register extract from the Incomes Register. Payers must report data about paid wages and benefits to the Incomes Register within five calendar days of the payment date. Exceptions to this are, for example, payers who use a paper form instead of an electronic reporting channel, for whom the reporting deadline is eight calendar days from the date of payment instead of five calendar days.

Credit ban

If a person has set a voluntary ban on credits, the band and the reason for it are indicated on the extract.

The extract also shows if the person has denied the accuracy of an item of information saved in the register (restriction of processing of personal data under article 18 of the General Data Protection Regulation).