If you take out a phone subscription where the phone has a value of €250 or more, it is registered with the BKR as a loan. Part of your monthly payment goes toward paying off the phone, resulting in a positive BKR registration. This can affect your future borrowing capacity.
A BKR registration is not necessarily negative. Once you take out a phone contract, you will get a positive BKR registration. If you meet the payment obligation on time each month, you will not get negative codes on your BKR statement.
With a positive BKR registration, you can feel comfortable taking out a mortgage or lease. However, a positive BKR registration can affect the amount of the mortgage. This is because when calculating your maximum borrowing capacity, mortgage and loan providers look at your financial spending limit. They weigh your monthly expenses against your monthly income.
The higher your monthly charges are, the lower your financial spending limit and the lower the maximum amount you can borrow. Thus, in this way, the BKR registration of your cell phone subscription affects the amount of your borrowing capacity. It is good to take this into account when buying a new mobile device if you are planning to take out a mortgage or other loan soon.
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You will only get a negative BKR registration if you are in arrears for two months or more. The lender will send you an advance notice letter indicating that you are in arrears and warning you of a negative BKR registration. If you do not pay the arrears, a arrears code (code A) will be placed. From this coding, other credit and mortgage lenders can see that you have not met your payment obligation.
The negative registration has implications for obtaining new loans and credit: lenders and mortgage lenders may not want to deal with you if a code A or 1 through 5 is registered on your BKR statement. Thus, the consequences of a negative BKR registration are much greater than the consequences of a positive BKR registration.
Lenders are required to register a new credit with a minimum value of €250 with BKR. When taking out a subscription for a cell phone, you are taking out a product for which you have to pay in installments. This falls under credit and results in BKR registration. However, there are ways to take out a cell phone subscription without a negative BKR registration:
A negative BKR registration can limit your financial freedom. For example, you may experience hindrance when taking out a mortgage, wanting to apply for a credit card or leasing a car with BKR. Even after you pay off the loan, the negative BKR registration remains visible on your BKR statement for the duration of five years. This means that during these five years, you may still suffer from your negative BKR registration even though you no longer have any debts.
Do you wish to purchase a home within this five-year period, but are unable to secure a mortgage because of your negative BKR registration? Or do you wish to invest in your business, but your negative BKR registration stands in the way of your credit application?
Then, of course, you turn to Dynamite Netherlands. Dynamite Netherlands specializes in the removal of negative BKR registrations. You can always talk to one of our consultants without any obligation. They will review your case with you and give you a clear explanation of your options and the associated costs.
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