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Hoist Finance BKR removal? Difficult, but not impossible!

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Want to remove a Hoist Finance BKR registration, but not sure where to start? Wondering what your success rate and options are? Or are you simply looking for the best assistance to get rid of your Hoist Finance BKR as quickly as possible?

Then this article is for you, as Dynamite Netherlands has been the champion of a fairer BKR registration system since our inception . Below you can read all about our experiences with Hoist Finance AB. A BKR registration with this party is often difficult to get rid of, but as you will read, that is absolutely no reason to throw in the towel.

How does removing a BKR registration work?

Vera van der Vliet
  • Lawyer from the banking industry with extensive financial knowledge
  • Has successfully assisted hundreds of people
Jan Doeke Biesheuvel
  • Has resolved hundreds of cases without court intervention
  • Substantively a very strong lawyer
Nadine Edelschaap
  • Has positively resolved hundreds of cases
  • Creative lawyer who thinks 'out of the box'
Björn de Haan
  • Has 8 years of procedural experience
  • Start only lawsuits
Nurettin Kocak
  • Has gained great respect within the legal services industry
  • A decisive and no-nonsense lawyer
Lisa van Gulik
  • Has successfully represented hundreds of clients
  • Start lawsuits and proceedings at the Kifid
Deepak Thakoerdien
  • 14 years of experience in legal proceedings
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Berry van Ockenburg
  • Naturally disagrees with everything, including registrations
Eva Hukshorn
  • Creates a strategic plan to keep your case on track
Menno de Boorder
  • Does only the court cases
  • Wins by far the most cases
Mirjosa de Sanders
  • Legal assistant with 5 years of experience within Dynamite
  • Helps you complete your file
Tine Notenboom
  • Specializing in litigation
  • Does only the complex cases
Sharona Budhai
Marcel Boot
Michael de Zwart
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Borrowing with BKR

About Hoist Finance and BKR registration

To understand how the removal of a BKR registration at Hoist Finance works, it is first important to understand what kind of company Hoist is.

Therefore, we begin this article with a brief introduction to this company. We then discuss how a BKR registration with Hoist can come about and how you can gain insight into it.

Are you dealing with such a registration? Then in the second part of this article we will discuss how to get rid of it.

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Who is Hoist?

Hoist Finance - fully Hoist Finance AB - is a party that buys up debt from other financial institutions. So Hoist does not provide loans or credit itself, but buys over a debt that someone has with a bank or other lender.

That may sound a little strange to you, so we'll give an example to clarify.

Suppose Pete has a debt of €20,000 with Interbank. Pete gets into financial trouble and has been unable to make repayments for several months. Hoist Finance can then offer to Interbank to buy over the outstanding debt for €10,000.

For Interbank, this may be a way of choosing eggs for its money. They may no longer be confident of recovering the outstanding €20,000 due to Pete's financial problems and are now getting at least part of the money back. Hoist Finance makes money by eventually trying to still collect the full €20,000 debt from Pete.

The outstanding debt is thus transferred to Hoist, which then acts as the new creditor. Thus, the associated BKR registration also comes in the name of Hoist Finance.

Pete has nothing to say in this whole story, but he is the one who ends up with a BKR registration with Hoist Finance. As a result - even if he has repaid the full amount - he will have trouble taking out a mortgage, for example, for years to come.

Dynamite BKR registration

How a BKR registration with Hoist Finance comes about

A BKR registration comes about when you borrow money or credit of at least €250,- The institution that provides you with this credit is then obliged to register this credit with the Bureau Krediet Registratie.

As mentioned above, Hoist Finance does not provide loans itself, but this company buys debts from other financial institutions. Thus, a Hoist Finance BKR registration occurs when your outstanding debt is purchased by Hoist. You no longer have a debt with the original party, but Hoist becomes the new creditor.

Also, the BKR registration is no longer on behalf of the first party, but on behalf of Hoist. This means that you also depend on Hoist Finance to get this registration removed.

4 people examining BKR records

BKR Hoist Finance retrieval

Are you unsure if you have a Hoist Finance BKR registration on your name, or just want clarity on exactly what it looks like? You can easily request your personal BKR summary yourself.

You don't do this at Hoist, but through the BKR website. That way you will have insight into your situation within moments, whereas at Hoist you often have to wait a long time for a response.

For more information on how this works, read our BKR check roadmap.

To better understand what you see on the overview, we recommend you also read our overview of BKR codes.

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Hoist Finance BKR removal in figures

If you are dealing with a registration with the BKR from Hoist Finance, you will naturally want to know what your options are.

As we wrote above, in our experience Hoist is a troublesome party when it comes to BKR removal. Typically, you were better off with the original BKR registration at the institution from which Hoist purchased your debt.

This is because that institution - usually a bank - has a certain duty of care toward its customers. In addition, it is important to these institutions that they are viewed positively and are thus more likely to think along with the customer.

This is not the case with Hoist, which is reflected in the reviews on Google. Their revenue model is based on wringing out someone in debt as far as possible. The client's interest - and any extenuating circumstances - are always secondary to this.

Put flatly, BKR removal from RaboBank is therefore usually easier than from a party like Hoist.

Still, a Hoist Finance BKR removal is certainly not impossible. We list some important information for you.

Most common BKR at Hoist Finance

On your BKR statement, you may come across numbers that provide more information about the nature of the registration: called particularity codes.

The BKR codes we see most often at Hoist Finance are the A2 and A3 codes.

An A2 coding indicates a delay in payment that has resulted in the lender making the full amount due. A collection agency is often called in in this case. So in this case, the outstanding debt has been bought up by Hoist because the original lender of the credit does not think it will get its money back.

A BKR code 3 indicates that an amount of at least €250 has been deducted from the (original) debt. Often this is because a deal or payment arrangement has been made with the debtor.

Both codes are quite serious BKR registrations and therefore difficult to remove. This actually makes sense: a debt doesn't just show up at Hoist. There must already be serious payment problems, which explains the serious codes.

BKR registration and how to remove it at Dynamite

How quickly is there a response to a removal request?

They don't push it at Hoist Finance when it comes to BKR registrations.

Legally, an agency is required to respond to a request to remove a BKR registration within one month . In practice, Hoist Finance takes four weeks or a bit longer, pushing the limit of this legal deadline.

Also, there is no option at Hoist to request an emergency procedure to get your request processed faster. There is that option at other institutions, such as when it comes to a mortgage application with a tight deadline. Hoist always processes requests in order of receipt.

Finally, a removal request with Hoist Finance always leads to much discussion and wrangling. They work with templates, so they never actually respond substantively to your request but give a generic response. The firm attitude is one of resistance, not thinking along. This slows down the process considerably.

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Success rate

After reading the above information it will not surprise you that the success rate of BKR removal at Hoist Finance is not very high . Especially with a party like this, you significantly increase your chances by engaging a specialist partner to assist you in the process.

Dynamiet Nederland's lawyers know where to push to get the other party to move, even when that other party is so uncooperative. Wondering what we can do for you? Then schedule your free consultation today.

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Sample case won by Dynamite Netherlands

To end on a positive note, the example below shows that you are certainly not hopeless at a Hoist Finance BKR removal. It involves a client we were able to help get rid of the registration through the courts. You can read that full story here.

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