New procedure regarding credit checks

2 min to readInformation
The Danish FSA has, in collaboration with the consumer ombudsman, put forth new demands and advice for customer protection regarding loans and leasing demands.
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Background for new credit checks

The Danish FSA has put forth new demands regarding credit checks. The way a customer gets credit checked, will be changed. The changes are made to protect customers, and to ensure that they do not obtain loans/leasing that puts them in a poor financial decision. The new demands obligates all financial institutions.

If you would like to read more about the background of the new changes, you can read about it in 'Finanstilsynets og Forbrugerombudsmanden Vejledning om kræditværdighedsvurdering' of 2021.

1. Changed procedure regarding credit checks

2. Collecting data via Noitso

3. Calculation of total budget

Published at March 1, 2022
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March 1, 2022
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