luottorekisteristä

Luottorekisteri, often translated as a credit register or credit bureau, is a centralized database that collects and stores information about individuals' and businesses' credit history. This information is used by lenders and other financial institutions to assess creditworthiness when deciding whether to grant loans, credit cards, or other forms of credit.

The data typically included in a luottorekisteri comprises details about past borrowing behavior, such as loan repayment history, outstanding debts, bankruptcies, and any instances of default. It may also contain personal identification information and public records related to financial obligations. Access to this information is usually restricted to authorized entities for specific purposes, such as credit assessment, fraud prevention, and debt collection.

In Finland, the primary credit registers are maintained by private companies, such as Suomen Asiakastieto Oy and Bisnode Oy. These companies gather information from various sources, including banks, credit providers, and public authorities. Lenders consult these registers to evaluate the risk associated with extending credit and to determine appropriate interest rates and credit limits. Individuals generally have the right to access their own credit information and to request corrections if inaccuracies are found. The operation and data handling practices of these registers are subject to data protection regulations.