New rules covering debt registration in the Netherlands do not go far enough and thousands of people remain on the official list of debtors, even though they have paid off all they owe, the Dutch privacy watchdog Autoriteit Persoonsgegevens said on Tuesday. The credit registry Bureau Krediet Registratie currently maintains a note next to the names of people who have …
People who have just gotten out of problematic debt are not helped by a shorter registration at the Central Dutch Credit Registration Office. Large municipalities want to shorten the registration period to help people get rid of their financial problems more quickly, but according to the BKR Foundation, this increases the risk of new issues. People who receive debt assistance …
The national debt registration office, BKR, wants the power to include personal mortgages in its registry in the near future, in order to obtain and provide a more complete picture of household debt. The reasoning is that lenders can better fulfill their duty of care if the credit bureau also keeps track of consumer mortgage debt, a spokesperson for the …
The number of people with payment problems decreased again in the past 12 months, as did the total number of people with credit. The number of people aged 18 to 24 with payment problems increased by 16 percent, Stichting BKR reported. At the end of August 2022, over 7.8 million Netherlands residents had more than 11.8 million consumer loans, compared …
The number of entrepreneurs with payments in arrears increased by 20 percent at the end of last year compared to a year earlier. It concerns entrepreneurs who are registered with Dutch credit bureau BKR with both a form of business credit and consumer credit. The number of entrepreneurs with both a business loan and consumer credit increased in one year …