luottoraportti

Luottoraportti, often translated as credit report, is a document that details an individual's credit history and financial behavior. In Finland and many other countries, credit reporting agencies collect and compile this information. The report typically includes details such as a person's personal identification information, credit accounts like loans and credit cards, payment history, outstanding debts, and any public records related to their financial dealings, such as bankruptcies or court judgments.

Lenders, such as banks, use luottoraportti to assess the creditworthiness of a potential borrower before approving loans or credit. A good credit report, characterized by timely payments and a low debt-to-income ratio, generally indicates a lower risk for lenders, potentially leading to better loan terms and interest rates. Conversely, a poor credit report can make it difficult to obtain credit or may result in higher costs.

Individuals have the right to access their own luottoraportti to review its contents for accuracy. If any errors are found, they can request corrections from the credit reporting agency. This process is important for maintaining a healthy financial standing and ensuring that credit decisions are based on correct information. The information on a luottoraportti is typically kept for a specific period, after which it is removed from the report.