When a BKR registration gets in the way of your dreams or goals, you obviously want to get rid of it as soon as possible. But how long does removing a BKR registration actually take?
At Dynamite Netherlands we always do our best to help you as quickly as possible, but how long it takes to remove a BKR registration depends on several factors. You can read more about them below.
Hopefully this article will help you gain more insight. Are you curious about your options to get rid of your BKR registration faster? Then schedule your free, no-obligation consultation with one of our specialists today to assess your situation and your options.
As long as you have a current debt or loan, it will remain registered with the BKR anyway. This is because the BKR - Bureau Krediet Registratie - keeps a record of loans or credit extended to you.
However, even after you repay the debt, the registration remains for five years. This means that you will still have a BKR registration for up to five years after you repay your debt.
If you have not fallen behind on repayments, this is usually a good sign. After all, a new mortgage or lender will see that you no longer have any monthly payment obligations and that you have always paid on time nicely in the past. You cannot then be refused for a new loan or mortgage because of a BKR registration.
It becomes different when you do fall into arrears. The registration of the debt or loan will then receive a arrears report, or A code. Have you cleared the arrears again? Then this is converted into an H-coding, or recovery notification.
However, that H code also remains for five years after the debt is paid off. This may be a reason for lenders to be reluctant to grant a new loan because they see that you have fallen behind on your previous loan.
In other words, you could be haunted for another five years by a late payment that you have run into in the past. Very annoying, especially when you incurred that coding due to circumstances that are now far behind you.
Now you are financially sound and ready for the next step in your life. Does it really have to take that long to remove that BKR and improve your credit rating?
Fortunately, there are often options by which it does not have to take five years to get rid of a BKR registration, by actively requesting deletion.
Count on two to three months for the removal of a BKR registration. Keep in mind, however, that the final time frame depends on several factors and can therefore vary from one situation to another.
Your chances of a successful and smooth removal request increase significantly by engaging the right partner.
Dynamite Netherlands is the specialist in removing BKR registrations. Every day, our team of experienced BKR lawyers helps people get rid of registrations that impede the progress of their lives.
That starts with an inventory of your situation. And that doesn't have to take long: we understand that you need insight into your situation quickly. Schedule your free, no-obligation intake interview today, and you'll often know by the next business day (sometimes even the same day) whether we can help you regain creditworthiness.
Unfortunately, you are not there yet: actually removing the BKR registration takes longer. Below you can read more about what that depends on, among other things.
When we see sufficient grounds to consider your request, we will send you an offer. Upon approval, we will then start working for you to have your BKR registration removed. How long this will take depends on several factors. Below we explain the most important ones.
For how long it will be removed, we depend, among other things, on the lender from which the BKR registration came.
That's because we - on your behalf - submit a removal request to the agency where you took out the original loan or debt. That means we depend on how quickly that lender will process the request.
Practice shows, for example, that we can expect a response from one bank within a few days, while another can quietly take several weeks.
So how long the removal of a BKR registration takes depends largely on the party the registration came from. Of course, we will do our utmost to have a quick result for you, especially when there is a rush to remove the registration (see also point 4: urgent procedure).
Contrary to what many people think, the nature of a BKR registration has less impact on how long it takes to remove the registration.
By the nature of a registration, we mean how "serious" the BKR coding is. For example, is it a serious late payment, or just a mild coding?
While a light code is usually easier to remove, this has little or no impact on how long it takes to remove. Again, for this we depend more on the lender where you took out the loan or debt.
For example, removing a light registration at one bank may take longer than a heavy registration at another.
In addition, of course, there are always external circumstances that can affect how long it takes to remove your BKR registration.
For example, the lender in question may be dealing with a shortage of staff, causing files to take longer than usual. Removing a BKR registration may also take longer during vacation periods as staff go on leave.
But also consider, for example, market conditions. For example, at the time of writing - due to low interest rates - many people are in the market for a (business) loan or new mortgage. This leads to an increase in the number of requests for BKR removal, which can make it take longer for a lender to process a request.
In some cases, you have absolutely no time to wait for the normal duration of a BKR removal. For example, when the offer on your dream home has been accepted and making ends meet on the mortgage hinges on the removal.
In such cases - in order to avoid dissolution of the purchase contract - an emergency procedure may help.
We urge the lender on your behalf to expedite the processing of the request. That way, we can reduce how long it takes to get the BKR registration often, so you do not have to sit in suspense unnecessarily whether or not the purchase will go through.
How long it takes to remove a BKR registration varies by situation, but takes about two to three months on average. When you consider that automatic deregistration of a BKR registration takes five years, this is obviously a big time saver.
As we discussed in the above, several factors affect how long it actually takes to remove a BKR registration.
Are you curious about the expected duration in your situation? Then schedule your free, no-obligation consultation today.
One of our BKR specialists will then map out the situation with you, giving you more insight into whether and how quickly your BKR registration can be removed.
