If you want to borrow money from the bank or at another credit institution, a credit check will always be made to assess your repayment options. This is because the bank wants to make sure that you have the opportunity to give back the money you want to borrow. In addition, they want to know how much risk they take by lending you the money.

But what factors affect a credit check and what can you do to improve your credit rating? You can read more about that here.

What does a credit check entail?

What does a credit check entail?

If you want to buy a house, apartment, make an extension, renovate the kitchen or buy a new car, most people are in a situation where they need to borrow money to live the dream. Here you will most often contact your bank, or other lending institution, and hear about the possibilities.

In order for the bank to make sure that they receive their money back, they will carry out a credit check of your financial strength, and in this way assess how great their risk is in lending the money. The stronger a financial situation you are in, the better interest rate you will also receive, as the bank will therefore only run a smaller risk by lending you the money.

When the bank does a credit check, some documentation will be needed to illustrate your financial situation. Here, for example, they will look at your paychecks and annual statement, as well as look at any debt to public and other debt you may have. All this is information that is retrieved digitally and therefore you do not have to spend time finding various papers and sending them to the bank.

What factors affect your credit rating  


In addition to your paychecks, annual statements and other debt, there are also a number of other factors that play a role in assessing your creditworthiness.

The requirements for going through a credit check vary from bank to bank as it is a subjective attitude for each one. Someone has demands on how much you should earn a minimum per year, while others believe it has no impact. Therefore, it may be a good idea to consult several banks and credit institutions to see who can give you the best deal.

Fixed income with fixed income

If you have a permanent job where you have a fixed income every month, this will have a positive impact on your creditworthiness. In addition, if you are a member of an A-fund, the bank also looks at it as having a fixed income should you lose your job, and thus still have the opportunity to repay the loan.

Registered in the RKI or Debtor Register

If you have previously borrowed money and have not been able to repay the loan in accordance with the agreement entered into, you will in most cases be registered in RKI or in the Debtor Register. Once registered here, it is not possible to take out a loan. This is because you are seen as a poor payer as you have previously been unable to pay back the debt owed. As a result, the bank or credit institution does not have the same security to get their money back.


How old you are also affects a credit check. The older you are, to a certain extent, the better chance you have of paying back the loan.

If you finish an education and have a job with a fixed income, there is more room in the budget to pay off on a loan.

At the same time, it is statistically proven that young people have a harder time repaying their debt. This may be due to lack of education or fixed income.

What can you do yourself to improve your credit rating?

What can you do yourself to improve your credit rating?

If you want to increase your chances of getting through a credit check, here are a few things you can start with.

Make a savings

Even if you do not have overdrafts in your account and you may not have borrowed money in the past, spending all your money each month will still have a negative impact on any credit check.

If your entire income disappears every month and nothing is put aside, the bank or credit institution will not see that you have the option to pay off a loan. Therefore, setting up a savings account with a fixed monthly transfer may be a good idea.