BCR Score is a supplementary service of the BCR that gives credit providers extra information about a registered consumer.

What is the BCR?

BCR stands for Bureau Credit Registration. This agency has been created to limit over-credit by consumers. With the Central Credit Information System (CKI) every loan in the Netherlands between 500 and 125,000 USD that runs for more than three months is registered. Mortgages are exempt from this (except when payment arrears of 120 days arise.) Rental debts, income data or tax debts are also not registered with the BCR. Organizations such as financial institutions, mail order companies and web shops that are affiliated with the BCR are required to do a BCR test before they take out a new loan. This makes it possible to estimate whether the risk of a credit is responsible. It is intended that both the lender and the borrower are protected against irresponsible credit through the review.

What is a BCR Score?

What is a BCR Score?

The basis of the BCR system is the assessment. The BCR does not provide a definitive answer about the loan itself. The decision as to whether a loan takes place always lies with the lender. The BCR Score is a supplementary service that provides more information, so that a better estimate can be made as to whether a credit is responsible. A low or high risk profile is built up with various data with which credit providers can use statistics to form a better picture of a borrower compared to the entire population of registered borrowers.

What does the BCR Score consist of?

What does the BCR Score consist of?

A BCR Score is calculated by comparing the behavior of a person with regard to loans and repayments with all persons who are currently registered in the CKI. To be precise, the BCR Score provides an estimate of the probability that a borrower will be registered in the CKI in 18 months with a payment problem. The BCR Score consists of three parts: a score between 0 and 1000, a score class (A to L) for a better overview and a risk percentage that is between 0 and 100%. Even though the BCR Score is supposed to be objective, this score is still open to interpretation, certainly when the score falls in a middle area.

View BCR data yourself?

View BCR data yourself?

Consumers may have a lot of uncertainty about a BCR registration and score. Fortunately, the BCR gives the possibility to view its own data. This can be done both online and on paper. Online you can also purchase a premium access with two important advantages: you can check who has requested your own data and you receive an e-mail when the data is changed. The application for BCR data can be done online, whereby one has to take into account a processing period of a few days due to the processing of the identification. A paper overview can also be requested from a branch of your own bank, naturally with a valid proof of identity. After payment, the overview will be sent to your home address. Sharing a summary is an additional service of the BCR with which a summary of the personal data, including backlog codes, can be shared.

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