Luottotietorekisteriin

Luottotietorekisteriin, often referred to as a credit register or credit bureau, is a database that contains information about individuals' and companies' creditworthiness. In Finland, the primary public credit register is maintained by Suomen Asiakastieto Oy. This register compiles data from various sources, including public records, loan agreements, and payment defaults.

The purpose of a Luottotietorekisteriin is to help lenders assess the risk involved in extending credit. When an individual or business applies for a loan, mortgage, or even certain services like a mobile phone contract, the provider may check their credit record. This check reveals their past payment behavior, existing debts, and any instances of delinquency. A positive credit history generally indicates a lower risk for the lender, making it easier to obtain credit and potentially secure better terms. Conversely, a negative credit history can make it difficult to get approved for new credit and may lead to higher interest rates or a demand for collateral.

Information in the Luottotietorekisteriin includes details about loans, credit cards, payment defaults, and bankruptcies. Individuals have the right to access their own credit information and can request corrections if they find inaccuracies. The register plays a crucial role in the financial system, promoting responsible lending and borrowing practices by providing a standardized way to evaluate credit risk.