this post was submitted on 20 Jun 2024
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Do any credit reporting agencies in Europe give consumers control over creditors access? (sopuli.xyz)
submitted 2 months ago by [email protected] to c/[email protected]
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In the US, consumers can freeze their credit worthiness records and receive a code. When the records are frozen, the only orgs that can access the records are those already doing business with the consumer. If a consumer wants to open up a new account, they share the code with the prospective creditor who uses it to see the credit report.

So the question is, how are access controls on credit histories done in various EU nations? Do any use unlock codes like the US, or is it all trust based?

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[–] [email protected] 1 points 2 months ago* (last edited 2 months ago) (1 children)

The only similar things I know is the central bank keeping a listing of “unpaid credit” which make ban you from getting any new credit for a certain time.

Indeed that’s what I’m talking about. In Belgium it seems consumers have no control over whether a creditor can access the central bank’s records. Apparently the central bank simply trusts that creditors are checking records in response to an application for credit. I would like to know if any EU countries make use of an access code so consumers can control which creditors can see their records.

[–] [email protected] 2 points 2 months ago

In the Netherlands, you need to give permission for someone to check yours, and only credit-providers are allowed to check. I can't look at my neighbor's credit data.