Almost everyone occasionally buys something on credit or borrows money. For instance, to buy a washing machine or pay for an alteration. But the possibility of having an overdraft may also be included. Credit providers need to report all loans to the Credit Rating Agency (BKR). This is a legal obligation.
Credit providers also use our system when there is a new credit request. By testing this, they can better estimate how the customer is doing financially. Among others, on the basis of this information they decide whether or not to provide the loan.