Credit history

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toystory
Posts: 32
Joined: Mon May 04, 2020 5:09 pm

Credit history

Post by toystory » Fri Jun 12, 2020 6:03 pm

What is a good way to establish credit history in Finland?



Credit history

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betelgeuse
Posts: 3483
Joined: Thu Aug 29, 2013 1:24 am

Re: Credit history

Post by betelgeuse » Fri Jun 12, 2020 6:04 pm

toystory wrote:
Fri Jun 12, 2020 6:03 pm
What is a good way to establish credit history in Finland?
Answered your double post already here

viewtopic.php?f=2&t=99519&p=590940#p590940

toystory
Posts: 32
Joined: Mon May 04, 2020 5:09 pm

Re: Credit history

Post by toystory » Mon Jun 15, 2020 3:41 pm

betelgeuse wrote:
Fri Jun 12, 2020 6:04 pm
Answered your double post already here
viewtopic.php?f=2&t=99519&p=590940#p590940
I checked my credit history using asiakastieto.fi service.

There are two entries by HSL (Helsinki Transport).

I received a fine for EUR 80 last year and I thought I had paid it.

Will this become a problem for me say in future if I want to apply for a home loan?

Can I rectify this by paying the fine now and somehow delete the entry?

betelgeuse
Posts: 3483
Joined: Thu Aug 29, 2013 1:24 am

Re: Credit history

Post by betelgeuse » Mon Jun 15, 2020 3:46 pm

toystory wrote:
Mon Jun 15, 2020 3:41 pm
betelgeuse wrote:
Fri Jun 12, 2020 6:04 pm
Answered your double post already here
viewtopic.php?f=2&t=99519&p=590940#p590940
I checked my credit history using asiakastieto.fi service.

There are two entries by HSL (Helsinki Transport).

I received a fine for EUR 80 last year and I thought I had paid it.

Will this become a problem for me say in future if I want to apply for a home loan?

Can I rectify this by paying the fine now and somehow delete the entry?
Even if you have dealt with things they will stay on your file for some time (though nothing should end up on the record without plenty of notice). Any entries you will have to explain to the bank or you can wait until the record is clean. If there's nothing else problematic, you can probably explain small entries away.

toystory
Posts: 32
Joined: Mon May 04, 2020 5:09 pm

Re: Credit history

Post by toystory » Mon Jun 15, 2020 4:02 pm

betelgeuse wrote:
Mon Jun 15, 2020 3:46 pm
Even if you have dealt with things they will stay on your file for some time (though nothing should end up on the record without plenty of notice). Any entries you will have to explain to the bank or you can wait until the record is clean. If there's nothing else problematic, you can probably explain small entries away.
Let's say in 2 years time I want to apply for a loan and I have been working full time and have 24 payslips to prove regular income and I do not have any negative entries on my file. Do you think that the bank can still look at the 80.00 euro fine and form a negative opinion about giving a home loan or credit card etc. And what about migri? Is migri concerned about small parking and tram fines?

betelgeuse
Posts: 3483
Joined: Thu Aug 29, 2013 1:24 am

Re: Credit history

Post by betelgeuse » Mon Jun 15, 2020 4:55 pm

toystory wrote:
Mon Jun 15, 2020 4:02 pm
Let's say in 2 years time I want to apply for a loan and I have been working full time and have 24 payslips to prove regular income and I do not have any negative entries on my file. Do you think that the bank can still look at the 80.00 euro fine and form a negative opinion about giving a home loan or credit card etc.
I wouldn't be surprised if it played some part in the marginal they will offer.
toystory wrote:
Mon Jun 15, 2020 4:02 pm
And what about migri? Is migri concerned about small parking and tram fines?
They are not.

toystory
Posts: 32
Joined: Mon May 04, 2020 5:09 pm

Re: Credit history

Post by toystory » Mon Jun 15, 2020 5:43 pm

betelgeuse wrote:
Mon Jun 15, 2020 4:55 pm
I wouldn't be surprised if it played some part in the marginal they will offer.
I am actually very surprised that unpaid bus ticket & parking fines show up on your credit report. I lived in the US and the only thing that ever appears on your credit file is loan defaults -- money borrowed from a financial institution.

jarikaija
Posts: 137
Joined: Mon Jul 23, 2018 1:28 pm
Location: Finland Ylikiiminki
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Re: Credit history

Post by jarikaija » Tue Jun 16, 2020 8:45 am

toystory wrote:
Mon Jun 15, 2020 5:43 pm
betelgeuse wrote:
Mon Jun 15, 2020 4:55 pm
I wouldn't be surprised if it played some part in the marginal they will offer.
I am actually very surprised that unpaid bus ticket & parking fines show up on your credit report. I lived in the US and the only thing that ever appears on your credit file is loan defaults -- money borrowed from a financial institution.
That is stupid... Sorry... In here, EVERY invoices (stuff, loans, rent, electric, water etcetcetc....) have to pay.
You can get negative mark even 1€ bill, if you don't pay it. And I think it is just how it should to go.

Right now all negative marks stays up to 2 year on database. 4 years if get a new mark while previous exists.
However, our government is wondering to change that law, they think that maybe it is better to
remove all marks after original payment is paid.


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