Your data in the register
Lenders report data on the following loans granted to you:
- home loans
- car loans
- consumer credits
- credit cards
- student loans
- hire-purchase financing.
When a new loan is granted to you, the data will usually be available in the Positive credit register within 2 calendar days of the date when the contract was concluded.
Lenders also report to the register
- amortizations you have paid
- information that your loan has ended.
No information on any payment defaults you may have is stored in the register. However, if your loan instalment is more than 60 days late, the lender will report this to the register. The lender will remove the information on the delayed amount after you pay off the instalment in full. The lender will also remove the information on the delayed amount if you agree with the lender on a new payment plan regarding the delayed amount.
Learn more about what information about your loans is reported.
When you apply for a loan
Lenders must check your data in the Positive credit register when you apply for a loan. For this purpose, the lender will request a credit register extract. The lender will use the credit register extract to test your creditworthiness.
Who can use loan data and for what purposes?
Lenders may use loan data only for specified purposes. This is prescribed by law (Act on the Positive Credit Register 739/2022).
Lenders may request a credit register extract only when:
- you are applying for a new loan
- you are requesting a change to your loan contract that requires testing of creditworthiness
- you intend to guarantee another person’s loan.
As a loan applicant, you cannot forbid the lender from requesting your data.
Not just anyone can use loan data. For example, landlords do not have the right to request your data from our register.
The register stores and shares data
The Positive credit register only stores your data and shares it with appropriate parties. The Positive credit register
- does not make credit decisions
- does not assess your creditworthiness.
The register sends a credit register extract about you to the lender, and the lender makes a decision on the loan based on their own criteria. If your loan application is rejected, the credit register will not receive information about the application or the reason why it was rejected. Further, you cannot cancel a loan application in the register, nor make changes to a valid loan contract. Matters like this must be discussed and agreed on with the lender.