This is how long a BKR registration lasts:
After you pay off your debt, your negative BKR registration will remain visible in BKR for five years. Therefore, how long a negative BKR registration remains depends on when you pay off your debt.
In fact, the five-year term starts when you make your last installment and thus pay off your entire debt.
If you have an A code in the BKR due to payment arrears, then the five-year period begins to run from the moment an H code is listed behind it, i.e., the moment you meet your payment obligations again.
Suppose you took out a loan with a ten-year term. This gives you a positive BKR registration. You fail to meet your payment obligations after one year and get an A code behind your BKR registration. So now you have a negative BKR registration.
After a short time, you will be able to meet your payment obligations again. Behind the A code, therefore, you will receive an H code.
From the time this H code is placed, all BKR codes remain for five years. After those five years, all codes disappear with your registration, which therefore turns the negative BKR registration back into a positive BKR registration for the remainder of your loan term.
Once you have repaid the entire loan, the positive BKR registration remains visible for five years. Lenders who view the BKR can then only see that you took out this loan and that it has been paid off in full, but can no longer see that you were ever in arrears on this loan.
During the five-year period after you pay off your debt, you will still remain visible in the BKR. This is the case for both positive BKR registrations and negative BKR registrations.
The purpose of the BKR with this extended visibility of your BKR registration is to protect you from making financial commitments that could get you into trouble. The BKR is viewed by lenders as a "review.
A positive BKR registration is a confirmation that you have met your payment obligations in the past. Such a positive BKR registration therefore shows that you are financially trustworthy. Thus, a still visible positive BKR registration in those five years speaks for you: lenders have the guarantee that you have always been reliable in repaying debts so far.
A negative BKR registration also remains for five years after you pay off the debt. The purpose of the BKR is to protect you from debts that could get you into financial trouble.
Did you have a negative BKR registration, paid off your debt and don't want to wait five years for your BKR registration to be removed? You can have your still visible BKR registration removed sooner.
The five years after you have paid off your debt, a still-visible negative BKR registration can get in your way. Because of the negative registration, you are seen as a "risk case" by lenders because you have not met your payment obligations in the recent past. From lenders and banks you apply to for a loan or mortgage, you will get zero credit.
However, it is often the case that you can now meet your financial obligations without any problems. You therefore feel that the suspicion of lenders because of your still visible BKR registration is unjustified.
In this case, request a free consultation with Dynamite immediately. We specialize in removing negative BKR registrations and will help you get rid of your negative registration. This way you can put the past behind you and still secure a mortgage or credit.
By the way, you cannot have positive registrations removed.
Do I have a negative BKR? How can I view my BKR registration? To explain how you can see your own BKR registration online, we have a separate page on our website where we explain how your BKR retrieval works. Here you will find all the information you need to know if you are BKR-registered.
