Short lease with negative BKR: what you need to know

The abbreviation BKR stands for Bureau Credit Registration. If you intend to take out a loan, mortgage or other form of financing, it is important that you are aware of the authorities involved. The BKR is one of these bodies and often plays an important role when you apply for a loan or lease. In this article we discuss what the BKR is, what the BKR does and how short leasing works with a negative BKR registration.

What is the BKR?

The BKR is a body where financial institutions can provide information about their customers. Every loan of more than € 250 is registered with the BKR. This also applies to a debt on your credit card, buying a product on credit or being in the red. A lower limit of €1,000 applies here for business loans. The information in the database of the BKR can be consulted by financial institutions and can be used to assess whether a customer can take out a loan. If someone has already taken out a loan before, but has not paid or has paid too late, this person will receive a negative BKR registration. A negative BKR registration can influence the assessment of the financial institution, so that you may no longer be able to receive credit.

How does short lease work with a negative BKR?

Many leasing companies do not allow you to lease with a negative BKR registration. This is partly because you usually enter into a payment obligation for the long term. In that case, the lease company assesses your financial situation; if they see a negative BKR registration, your lease application will be rejected.

If you want to take out a short-term credit of a maximum of 12 months, a BKR registration will not be considered. When entering into a short-lease contract, with a maximum duration of 12 months, no BKR check is therefore done. In addition, a short lease contract is very flexible, which means that the financial risks are low.

Short lease with negative BKR at Shortleaseland

At Shortleaseland, 80% of people with a negative BKR registration can still short lease a car. We have a flexible acceptance policy, in which we do not look at the numbers, but base our judgment on the confidence we have in you and your company. We trust that you can properly assess whether you can meet your payment obligations.

Conclusion

In this article we have explained what the BKR is, what the BKR does and how short leasing works with a negative BKR registration. The BKR therefore often plays an important role when you want to take out a loan, mortgage or other financing. If you want to conclude a short lease contract, a negative BKR registration is not a problem in many cases, because it is in fact a short-term credit. Short leasing is therefore a good mobility solution if you have a negative BKR registration.