Wednesday, 05 October 2020 12:29 PM

Mortgages and credit cards

Chances are you have a credit card. You may rarely use it and otherwise almost never borrow it. Then you may think that you do not have a BKR registration, but nothing could be further from the truth. When one purchases a credit card, you are actually using a credit facility. Even if you do not use this, it is simply registered with the BKR with the amount that you can withdraw with the card.

It is good to take this into account when you want to buy a house or apartment, for example. With many advisors, banks and other mortgage lenders it is often not possible to take out a mortgage if you have a BKR registration with the BKR. Banks will not look at the cause and will only see the registration that rejects an application for credit or a mortgage. To prevent this, you can stop your credit card completely or you call your bank and have the payment in installments stopped. Then you can still use your card, but the borrowed amount will be automatically repaid in one go the following month. In that case, you do not have a BKR registration and it is easier to take out a mortgage.


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