If you take out a loan of more than €250 that lasts longer than one month, it will be registered with the Dutch Credit Registration Office (BKR). The BKR keeps track of outstanding loans held by consumers. Lenders use this information to assess whether you qualify for a new loan. If you fall behind on payments, you may receive a negative BKR registration. A negative listing can significantly impact your future credit opportunities.
Consequences of a negative BKR registration
A negative listing remains visible for five years, even if the debt has been repaid. Such a registration can affect you in several ways:
- Lenders may deny you new loans;
- Securing a mortgage becomes more difficult;
- Your investment options may be limited.
How can you remove a negative listing?
If you have a negative listing within the five-year term, it may be possible to have it removed if you can demonstrate financial stability and that you no longer pose a risk to lenders. In some cases, you can request removal directly through your lender, especially if the payment arrears were quickly resolved.
If your lender refuses to remove the registration, you can file a complaint with Kifid (Dutch Financial Services Complaints Institute) free of charge, within three months of receiving the rejection letter. Kifid’s decision is binding, meaning both parties must comply. Alternatively, you can initiate summary legal proceedings, which will incur costs and require legal support.
Developments in BKR registrations
In February 2025, the Association of Dutch Municipalities called for shortening the registration term. As of now, 41 municipalities have reduced the term to six months. Since 2021, municipalities are legally required to notify the BKR when assisting a resident with debt restructuring, this is stipulated in the Municipal Debt Assistance Decree.
Conclusion
A negative BKR registration arises from payment arrears and remains for five years, even after debts are paid off. This can have lasting negative consequences. In some cases, removal is possible, particularly after prompt debt repayment. Some municipalities have shortened the registration period to six months, but municipalities are also bound by the Municipal Debt Assistance Decree.
