Residence Permit Extension and Credit rating

poornima.menon · Post by **poornima.menon** » Mon Oct 21, 2013 4:19 am

Hello All,
I am about to apply for my residence permit extension,but the problem is that I have got a low credit rating and a payment fault entry.My husband is permanently employed here and I live here on a dependent visa.So I would like to know that will there be any chances of rejection due to my low credit rating and payment fault entry?

Thanks

**Sponsor:**

cors187 · Post by **cors187** » Wed Oct 30, 2013 12:20 am

I had a complex reply typed but the browser timed out and i lost it.
This cheesy .fi page has the Payment default entry as something that can be searchable.
Basically you have resisted paying a debt and your legal status is that of a sponsored Family Member.
Does anyone on this Forum really know the Full parameters that Poliisi judge on.Doubtful

https://www.okperinta.fi/en/naein-palve ... rkintae_en
Payment default entry

A payment default entry, in other words a poor credit record, will adversely affect your life in many ways. Generally it means that you will be requested to return your credit and bank cards (except for a cash machine card), you will find it difficult to receive credit, you will not be able to enter into hire-purchase agreements and you will be asked to provide security or an advance payment for your telephone connection and insurance agreements. In addition, obtaining a rental apartment will be problematic, and jobs with financial responsibility will be closed to you.

Late payment alone, however, does not result in a payment default entry straight away. A payment default entry may be recorded in a credit record if a consumer credit payment is overdue by over 60 days, a court has delivered a collection judgment, enforcement measures have found you to be indigent (i.e. without means), or you have been granted a private individual's debt restructuring or you are in a voluntary debt restructuring.

Payment default entries generally remain on a credit record for 2-4 years, but any new entry will extend this period. Paying the debt during the period shortens it to two years.

poornima.menon · Post by **poornima.menon** » Wed Oct 30, 2013 9:34 am

Thanks for the response, I have gone through the link,But I never found any page which mention the impact of payment default entry on visa renewal.

Upphew · Post by **Upphew** » Wed Oct 30, 2013 12:50 pm

poornima.menon wrote:Thanks for the response, I have gone through the link,But I never found any page which mention the impact of payment default entry on visa renewal.

Visa is for visiting, up to three months. Residence Permit is for residing.

http://formin.finland.fi/public/default ... ture=en-US

poornima.menon · Post by **poornima.menon** » Mon Nov 04, 2013 7:57 am

Thanks, Its my mistake to use "visa" term ;But I am talking about the residence permit renewal.

Honest · Post by **Honest** » Mon Nov 04, 2013 9:59 am

I think if you are not facing any criminal charges there shouldn't be any problem. You will have problems where ever money/credit issues are involved but residence permit is not one of them (in my opinion).

poornima.menon · Post by **poornima.menon** » Mon Nov 04, 2013 10:09 am

Thank you very much for the response,I too believe so, Anyways I will post a reply once i get a response on my residence permit extension application.

Finland Forum

Find information about moving to, living in and life in Finland