Swedish Credit Information Act
Information from the Swedish Credit Information Act

Credit information regarding consumers should only be given to those who have an economic engagement with the consumer. Those who by law are in an economic position with the consumer or might be in such a postion.

This kind of rule does not exist for companies also including legal persons.

When a report on a consumer is delivered a copy of the report should be sent to the consumer. The copy should include name of the company who has inquired the report.

This kind of rule does not exist for companies. A person who is an owner of a proprietorship or a partnership should though receive a copy of the information used regarding him when a report is delivered on his business. The copy should include name of the company who has inquired the report.

When a company report also contains information regarding key personell, the key personell have to be in management position or be among the board of directors. If he or she is an owner they have to be among the major shareholders.

Credit Information is regulated in §11.

Credit Information registeres can only be used by companies that need information regarding their customers credit worthiness or economic situation, regulated in § 13.

Main issues:
Copy of the report, regulated in §19

When a credit report on a consumer is delivered a copy of the report should be sent to the consumer. If the private person is a chairman or managing director of a company and the information about him is used to calculate the rating, a copy of the information used will be sent to the person. The copy contains the name of the company who ordered the report.

Correction of information, regulated in §8 & §15

Information registered incorrect or against our concession should be erased upon question. A remark on payments can be used until the end of the 3rd calendar year.

See your own file, regulated in §20

Everyone has a right to be informed of what information the enterprise has stored about himself for use for Credit Information purposes, and to be informed of what Credit Information has been provided about him during the last 6 months. The enterprise is obliged to disclose who has requested the information and from whom it has received the information.