Credit information

Credit information is collected and processed information about a private individual or company's financial and credit conditions. This information is used to assess the customer's financial soundness and creditworthiness.

Over the years, credit information has traditionally gone from being limited to looking up a debt register to see if a customer was listed as a bad payer, to a wide range of information from many different sources.

Today, it has never been easier to obtain information from CPR, CVR and other public registers.

Credit information is now a combination of many different pieces of information - including whether the customer is registered as a bad payer in one or more debt registers, such as Experian's RKI or Collectia's Debtor List.

What credit information can be processed?

Information may only be collected, processed and disclosed if it is necessary to provide a financial picture of a person or company's financial situation. That is, only information that is intended to serve an assessment.

This could be information about loans, unpaid invoices, etc.

Who can work with credit information?

In order to operate a credit bureau in Denmark and thereby collect, process and resell credit information about third parties, you must be approved by the Danish Data Protection Agency.

Credit reference agencies help their customers gain clarity on the financial soundness and creditworthiness of third parties through the information collected and processed by the agency.

Most credit reporting agencies operate as subscription services where customers purchase access to their service for a fixed monthly fee. Others offer access to one-off credit information for a fee.

Who can help me with credit information in Denmark?

In Denmark, only approved credit reference agencies are allowed to help with credit information. These agencies are approved by the Danish Data Protection Agency.

In Denmark, there are 14 approved credit reference agencies, including:

Aktieselskabet af 18. maj 2018 A/S
Atradius branch of Atradius Crédito y Caución S.A. de Seguros y Reaseguros
Dun & Bradstreet Denmark A/S
Bisnode D&B Danmark A/S
Collectia A/S
Creditro A/S
Creditsafe Denmark ApS
Experian A/S
Credit Register A/S
Risika A/S
Svea Inkasso A/S
Coface Norden Services A/S
Visma Rating ApS
GOLoan A/S

Get help finding credit information with Qatchr

Collectia has developed the Qatchr service that can help you get credit information and run credit checks on your customers - both private individuals and businesses.

Qatchr gør det nemt at hente relevante kreditinformationer om dine kunders kreditværdighed, så du kan få indsigt i deres økonomiske situation.

Qatchr can also give you credit recommendations, such as credit length and credit amount.