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What does a BKR code 3 mean?

Written on August 5, 2023 by Mr. Mirjosa de Sanders
  • Legal Secretariat

A BKR code 3, also known as an A3 code, means there is a late payment and a portion of the debt of €250 or more has been written off or discharged. This coding remains visible on the BKR register for five years, even after the debt is settled.

This coding exists to indicate what is going on with a late payment (identified by the code "A" of "Late Payment Notification").

The origins of a BKR code 3

The BKR - Bureau of Credit Registration - keeps a record of credits, loans and debts a person has taken out.

As long as the repayments continue to be made on time, this is a so-called positive registration. Do you fall behind on loan repayments and take too long to catch up? Then this is converted into a negative registration.

This results in an "A" after the credit. This code A stands for "arrears notification."

To indicate what else is going on with that arrears, the BKR uses a number of particularity codes. The 3-code is one of them.

Learn more about BKR codes

What the code 3 says about the backlog

A code 3 indicates that over the arrears and credit in question, at least €250 has been charged off or waived by the lender.

Often such an arrangement is made when the lender is no longer confident that it is going to recover the full amount. In exchange for the immediate repayment of a certain portion of the sum, part or all of the debt is then forgiven, for example.

If the credit is closed after this, the coding is accompanied by an expiration date. If this is missing, then this is a sign that the debt is still "outstanding" but that a write-off has taken place on it.

This makes a 3-code a very difficult and persistent code. Nevertheless, in some cases it is possible to get rid of such a BKR code.

Are you being held back by a BKR code 3? If so, you significantly increase your chances of success by engaging a professional partner. The lawyers at Dynamite Netherlands have years of experience in challenging and removing BKR registrations.

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