A BKR A2 coding is a negative registration with the Bureau of Credit Registration (BKR) that indicates serious arrears that have not been settled. This coding can make it more difficult to obtain a new loan or mortgage.
If you have an A2 coding, it is important to know what it means and what you can do to improve your situation.
The A2 coding consists of two parts: the A code and code 2. This combination of letter and number indicates the status of your credit and is a benchmark for lenders. In the credit report, you will find several codes, including codes A and 2. What these specifically mean, we discuss below.
A code A means you are behind on your credit. However, this does not occur overnight. If a lender wants to place a code A, you must be informed in advance. You will be given the opportunity to pay off the arrears within a certain period of time or to make an arrangement. If you do not make a payment arrangement within this set period and do not take action on the arrears, the code A may be registered. This code will be visible for five years and may hinder you from taking out a loan or leasing a car.
The two in A2 coding occurs when the credit provider requests that the credit arrears be repaid in one lump sum. The credit is demanded in full, and often support is sought from a collection agency. The credit provider claims the credit, so to speak. Even when the credit is paid off and the arrears are cleared, this code remains visible for five years. Certainly taking out a mortgage with BKR A2 code can be very difficult.
With multiple A2 codes, the chances of a lender not giving you the benefit of the doubt become increasingly slim. Has your arrears been cleared and paid? Then an end date will appear here. This date is also visible to future lenders.
We recommend that you contact your lender as soon as possible with an A2 registration to make payment arrangements.
If you want to take out a loan or buy a home, a negative BKR registration can work very much to your disadvantage. Especially an A2 code, where the credit is due in full, this can make it very difficult to take out a mortgage. This BKR registration provides insight into your financial situation and can be the deciding factor for a mortgage lender not to grant you a loan.
But what exactly is this registration with the BKR for? It protects you from new debts by taking out new loans. Especially with an A2 coding, you have an amount outstanding, where the loan is due in full. To then additionally take out a new loan can cause even higher fixed costs. The burden of the new loan weighs even more heavily on the current debts, so to speak. In addition, with an A2 code, the lender's risk becomes even greater.
It is then often not easy to take out a mortgage with an A2 rating. What can you do about this?
If you do not have the ability to repay the A2 arrears in the short term, you have little chance of getting a new mortgage. Another coding is the A3 code.This coding is considered quite serious. This is because it is a sign that the lender has chosen to waive a portion in order to get at least some of the money back.
Dynamite Netherlands helps you remove a negative BKR registration. In many cases, this registration makes you look like a high-risk case. If your debt has long since been paid off and you have your financial affairs back in order, the registration can give a distorted picture.
The negative BKR code can feel like a burden on your shoulders and hinder you from taking out a new loan or leasing a car. In this case, we can help you remove this BKR registration. As a result, you do not have to wait five years until this registration is no longer visible. In this removal, several interests are weighed against each other.
Do you have an A2 coding BKR and want to take out a loan? We are happy to talk with you. This initial consultation is completely free of charge. During the consultation we will give you comprehensive advice on the opportunity you have. So you know exactly where you stand. If we think you have a chance of getting a registration removed, we will be happy to start working for you. Do you want us to try to remove the registration? If so, we will request various documents for you and take legal action. Our experts know exactly how to handle this.
Do you currently have an A2 code or have had one in the past? Contact us for our no-obligation consultation. Our specialists will be happy to give you comprehensive advice and take you through the options.
