Can you set a voluntary credit ban in Finland?
A way to protect yourself against loans taken in your name.
Short answer
Yes. Verkkouutiset reports that anyone can set a voluntary credit ban in the positive credit register free of charge. A ban tells lenders that you do not want to be granted new credit. It can protect you if someone tries to take a loan in your name, or if you want to limit your own borrowing.
Why
- Verkkouutiset says the voluntary credit ban is free of charge.
- Taloustaito notes that the register allows setting a voluntary credit ban.
- The register is maintained by the Tax Administration.
Details
If you later need a loan, you can remove the ban. Check how long the removal takes before you apply.
Tip
Consider a credit ban if your ID or bank codes have been stolen.
What may differ
The exact effect of a ban on different types of credit can depend on the lender's rules.
Common misconception
A credit ban costs money and lasts forever.
What actually happens
It is free, and you can remove it later.
People also ask
- What is the positive credit register in Finland?
- How much money do people in Finland lose to online scams?
- What is the maximum interest rate on consumer loans?
Sources
This answer is for reference only. Banks set their own terms, so check the details with the bank before you act.
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