For the Netherlands
When you apply for a Flex Credit, we carry out a credit check. We do this to get to know you a little better and to get a clear picture of your finances.
This is important to us for a number of important reasons:
1. Reduce financial risk.
By looking at your credit history, we can estimate how likely you are to be able to meet your payment obligations. This helps us avoid giving you credit that you can't then repay.
2. Offer fair terms
A credit check ensures that we offer you a fair and appropriate loan based on your financial situation. This means that you cannot take out a loan if your financial situation does not allow for it. This ensures transparency and responsibility.
3. Preventing fraud
By checking your credit history, we can also detect possible fraudulent applications and prevent unauthorized or false applications from being approved.
4. Better customer relations
We want to make sure you are satisfied with the terms of your credit. By having a credit check, we can better serve you and offer a loan tailored to fit your financial situation.
5. Meeting our duty of care
Performing a credit check helps us comply with legal requirements. Moreover, it's our job to make sure you don't get into financial trouble.
In short, a credit check helps us support you in an honest way and make sure everything is taken care of.
Tip: Read the article “What do I need to know if I want to use Flex?”
Useful links:
What do I need to know if I want to use Flex?
Will my Flex credit registered with BKR?
What data do we need for the credit check?