Registration in RKI is an indication that you do not have the opportunity to pay your bills. The register’s existence justification is thus to secure Danish companies against poor payers. Therefore, it is a requirement of all responsible loan providers that you are not registered in Experian (RKI) or the Debtor Register. Contrary to what you may think, it is as much to protect you as it is to protect us, since you will not have the opportunity to owe even more if you are already having trouble paying your current bills.
When will you be registered in RKI?
It requires more than just a single unpaid bill to register with RKI. More precisely, you can only be registered in RKI 10 days after you have not paid the third reminder. You have thus been reminded of payment many times before you end up in RKI. You will also be notified when you enter the register. In other words, you can not stand in the RKI register without knowing it.
If your debt is less than USD 1000, you are in the so-called closed register. This means that only you and Experian can see you standing there. However, the closed register acts as a kind of waiting list for the open register, so a registration here should be taken at least as seriously from the start.
If you are in the open register, companies are only allowed to access this information when entering into a loan agreement. The register is thus used both preventively and follow-up. When you use NemID in connection with borrowing from us, it becomes clear whether you are registered with Experian. If so, you will not be considered creditworthy for our loan.
You do yourself a bear service
Borrowing debt to pay off other debt is a sign that you no longer have control over your financial situation. Should you find a loan provider that is willing to lend you money even if you are registered in RKI, you do yourself a bear service.
The way out of debt is not to take up new debt. The way out of debt is to budget and cut down on unnecessary consumer goods, giving you the opportunity to repay your creditors. Therefore we recommend always that you record debt to repay other debt. Whether you are registered in RKI or not.
If you are not registered in RKI or have just come out of the register, you should always consider your financial situation before taking out a loan. All loans are debt and thus require a real assessment of your ability to repay the borrowed money.