kreditupplysningslagen

Kreditupplysningslagen, or the Credit Information Act, is a Swedish law that regulates the collection, processing, and dissemination of credit information. The primary purpose of the act is to protect individuals' privacy and prevent unfair discrimination in credit decisions. It establishes rules for credit reporting agencies, known as kreditupplysningsföretag, and sets limitations on the type of information they can collect and how it can be used.

The law outlines that individuals have the right to access their own credit information and to request corrections if inaccuracies are found. It also specifies that credit reporting agencies must obtain consent before collecting certain types of personal data. Furthermore, the act dictates how long credit information can be retained, with stricter rules for certain types of negative information. When a credit decision is made based on a credit report, the individual must be informed about which credit reporting agency was used and given the opportunity to review the information.

Kreditupplysningslagen aims to balance the need for credit reporting to facilitate lending with the fundamental rights of individuals to privacy and fair treatment. It ensures transparency in the credit information system and provides recourse for individuals who believe their data has been misused or is inaccurate. The Swedish Data Protection Authority (Integritetsskyddsmyndigheten) is the supervisory authority responsible for enforcing this legislation.