Borrowing money costs money, almost everyone knows that. Yet many loans are taken out in the Netherlands every day. That does not mean that this is always wise: it is precisely through (too much) borrowing that a considerable debt can arise, which can sometimes only be repaid with difficulty. However, sometimes you (almost) cannot avoid taking out a loan, for example because you have to have an emergency repair performed on your dormer window or because your washing machine has suddenly failed. In such a case, if you have no savings at hand and a negative BKR listing, it can sometimes be very difficult to take out a loan.

Borrowing money with BKR: harder than ever?

Borrowing money with BKR: harder than ever?

Borrowing money with BKR, or taking out a loan while holding a negative BKR listing, was not easy in the past either. Later, several “money companies” sprung up like mushrooms: all of a sudden, taking out a loan was easier than ever. This is now also a thing of the past. Since 2014 it has been virtually impossible to take out a loan with some BKR listings. To understand how this works, you must first know in which ways you can be known at the BKR.

The BKR has two essential codes:

The BKR has two essential codes:

  • Code A;
  • Code H.

For many lenders, Code A is comparable to a red flag: this is the code that indicates payment delays. Borrowing money with BKR code A after your name is impossible with almost every lender. With code H, on the other hand, many financial institutions still want to provide you with a loan: code H indicates that there has been a payment arrears, but this has since been fully recovered.

Have you taken out loans before, but have there never been any payment arrears? Then you have a neat “loan according to the book” and you do not have a special code.

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