For the Netherlands
Before we accept a Flex loan, we carry out a credit check for a number of important reasons:
- Reduce financial risk: By looking at your credit history, we can estimate how likely you are to meet your payment obligations. This helps us avoid extending credit that you may not be able to repay.
- Offering fair terms: A credit check ensures that we offer you a fair and appropriate loan based on your financial situation. This means you cannot take out loans you cannot afford, which ensures transparency and accountability.
- Preventing fraud: By checking your credit history, we can also detect potential fraudulent applications and prevent unauthorised or fake applications from being approved.
- Better customer relations: We want to make sure you are satisfied with the terms of your credit. By having a credit check, we can serve you better and offer a tailor-made loan that suits your financial situation
- Compliance: Conducting a credit check helps us comply with legal requirements.
In short, a credit check helps us support you in an honest way and make sure everything is in order.
Tip! Also read the article: ‘What do I need to know if I want to use Flex?’