The ZKR is a credit information database run by a financial corporation, into which financial institutions provide customer information and data to determine the creditworthiness of borrowers following the conclusion of a financial services contract.

The ZKR is a list of debtors that, in addition to the negative information (data on delinquencies, defaults, fraud, abuse) related to credit and loan contracts as defined in the ZKR Act (Act CXXII of 2011), also records the client’s positive credit history (positive list of debtors). He is the legal successor of the ZKR, formerly known as the BAR . BAR was a negative list of debtors.

Data on debtors who had defaulted on their loan agreements

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Only data specified in the ZKR Act (customer identification data, contract data, defaults, fraud, and card fraud data) may be stored in the ZKR for the period of time required by law, and the data may only be used for the purposes specified in the ZKR Act.

In the event of non-payment, or part thereof, of the installment (s) (the amount of overdue and unpaid debts arising from the credit agreement is in excess of the minimum monthly wage at the time of default and continues to exist for more than 90 days) day, the financial organization that is in a contractual relationship with the natural person must send a warning that the customer’s details will be transferred to the ZKR if they fail to settle. You can still settle your debt after the warning. Credit default data remains in the CCIS for 10 years from the date of transfer and may be used during this period to assess creditworthiness without the consent of the client. In the event of payment of the debt, the data remain in the CCIS for 1 year from the date of payment.

It is important to know that when a financial organization provides data

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Not including regular monthly data transfers – it will notify you in writing within 5 business days of the date of transmission. It should also be noted that, except in the case of defaults, fraud and card fraud, the data entered into the CCIS may be transferred to another financial organization only with your prior consent . The consent or refusal of your consent shall cover all of your contracts and may be modified at any time.

You can ask any financial organization affiliated to a ZKR, free of charge, for information about what information about you is included in the ZKR , and which institution provided it, who, when and for what reason. 

If you believe that your records have been unlawfully entered

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Into the CCIS or that the records are not true, you may request that your data be corrected or deleted. You can submit your objection to the financial organization that provided the data or to the financial enterprise managing the ZKR. You will be informed in writing, within strict legal deadlines, of the outcome of the EXAMINATION investigation. If the financial organization providing the data to the ZKR accepts your objection, it must immediately notify the ZKR management company that will rectify or delete the correction or deletion.

If you are not satisfied with the information you have received about your objection, you can apply to the District Court for your place of residence within 30 days of receiving it.

Prior to entering into a contract, the institution is required to disclose to you the information obtained from the ZKR to determine its creditworthiness and the conclusions that can be drawn from that information regarding its creditworthiness. Keep in mind also that the financial organization – proven in your signature – to provide rules governing the CCIS and the rights you enjoyed the pre-contractual information in writing.

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