Delete payment reminder
Have you received a payment reminder and want to get your finances back in order?
In this article, we explain what a payment reminder is, when it is deleted and how refinancing can be one of the tools to get it deleted and clear your debt.
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Once we've landed the solution we
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Payment notice
Do you have many expensive small loanswant to erase debt collection debts or need help finding out who you owe money to?
It’s important to address the problems before you end up in a situation where debt settlement is the only solution.
Even if you’re stuck, we can help you find solutions. a fresh financial start. We’ll help you clear your debts and delete payment reminders.
In a nutshell:
- A payment remark is registered when a claim has gone to debt collection or legal action.
- The remark remains registered until the case is settled – or normally up to 5 years (depending on the type of case).
- Refinancing can help by consolidating loans/debt and paying off outstanding claims.
- In order to refinance with deletion, collateral in the property + satisfactory ability to pay are usually required.
- After deletion, you can again apply for a loan, but banks will still assess your credit score and finances carefully.
What is a payment remark - and when is it deleted?
A payment remark is a registration with a credit reference agency that shows that you have serious unpaid claims. This means that a bill or loan has gone so far in the collection process that the government (bailiff) or collection agency has taken formal steps to collect the money.
When is a payment reminder deleted?
As soon as the claim has been paid in full, the credit reference agencies must delete the payment remark.
Usually deletion takes place within 1-4 business days after payment.
Sometimes it can take a little longer if the debt collection company takes time to report the settlement.
What's the difference between debt collection and payment reminders?
√ CASH COLLECTION
Debt collection means that an unpaid bill is forwarded to a debt collection company for collection. This usually happens 45-60 days after the due date. Debt collection = private collection.
Characteristics:
You’ll receive reminders, debt collection notices and then a debt collection demand.
Fees and interest are incurred.
The matter can still be resolved simply by paying or entering into an agreement.
Debt collection does not result in a payment default in itself.
√ PAYMENT REMARK
A payment remark is a formal registration with credit information agencies such as Bisnode and Experian etc.
This tells you that you have not settled a serious payment case.
It only arises when the case moves on from regular debt collection, for example:
Settlement complaint (legal action)
Attachment or pledge decided by the bailiff
Bankruptcy
The debt reaches a point where it can be registered according to regulations
Do you have payment marks?
As a customer, you are always entitled to information about whether you have payment remarks or not. You can check this yourself at Bisnode or Experian.
We can also help you with this and quickly find out if you have payment reminders or debt collection debts.
You then get an overview of who you owe money and how much.
We give you good advice on how to set up a repayment plan. Finding a solution for refinancing payment reminders is also something we look into.
Conditions for being able to delete payment remarks
The bank must obtain security in a property you own yourself, or with a secured creditor in order to delete a payment reminder.
→ In order to refinance and/or delete payment reminders, it is required that you can offer up to 90% security in real estate.
→ It is also required that you have the ability to service the loan.
→ It is assumed that there is the ability to pay in the form of regular income, or that repayment of the loan is based on future sales (within approx. 1 year).
We have the opportunity to negotiate such a loan, also for those with payment notes. In the main, it is security in housing and liquidity that count.
How do I delete a payment reminder with refinancing?
Loan after deleted payment reminder
Refinancing for the purpose of deleting a payment reminder means that you take out a new loan – often secured by a home – to pay off the claims that have led to the reminder. Here are the important steps:
- We can help you map all claims and remarks with the credit reporting agencies.
- Work with us to assess whether you have security (e.g. a mortgage) and sufficient ability to pay for a new loan.
- Ask Eiendomsfinans to obtain offers from banks that offer refinancing with a payment remark.
- When the new loan is disbursed, old claims are paid and the remark can be deleted. You get an easy overview and a total monthly payment.
Once your payment history is cleared, new opportunities for loans open up – but the bank will still assess you strictly. Here’s what you need to know:
- Even if the notation is removed, the financial history can affect the loan terms for up to several years.
- Banks will consider: income, debt load, home value and payment history – not just reputation.
- If you have some time without new payment reminders, you increase your chances of getting a better interest rate.
- To avoid new remarks: make sure you have good liquidity, an overview and that you don’t take out loans you can’t afford.
For more general information about refinancing,
see our page about refinancing
Benefits of refinancing to remove a payment reminder
What you need to be aware of (disadvantages and risks)
- Not everyone is granted refinancing
- Requirement of security or high enough income
- Refinancing is not a guarantee of deletion
- Longer maturity can result in higher total cost
- One or more credit checks will be performed on you during the process
- Stops expensive debt collection
- Better financial overview
- Opportunity for lower interest rates
- Can provide deletion faster than waiting
- Can reduce the risk of new remarks
Important to note:
→ Even if the remark is deleted, the financial history will still be visible and affect the credit rating.’
→ A longer term for a new loan can result in a lower monthly cost, but a higher total cost.
→ Refinancing is not automatically approved – banks assess your finances in the same way as for loans.
Loan calculator delete payment remarks
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This is how we help you:
Fill in the application form
It only takes a few minutes and is both
free and non-binding for you.
We talk to the banks
Your advisor will talk to our partners and find the
best solution for you.
Receive a non-binding offer
Once we've landed the solution we
most believe in, we'll contact you to
present your offer.
We can help you delete payment remarks
Through our partnerships with several banks and credit institutions, we have extensive knowledge of the solutions and products available.
Together we review your financial situation, obtain an overview of payment notices and find an optimal solution for you.
- Børge Finsæther, Eiendomsfinans Harstad
Free and fast case management
With us, you will be assigned a dedicated advisor who will help you every step of the way. After
a pleasant conversation with you, we map out your financial situation.
FAQ - Frequently asked questions about payment reminders
How to refinance with a payment notice?
In order to be able to refinance when you have a payment reminder or a loan with debt collection, you must be able to provide the bank with security in a residential property.
The total loan must not be more than 90% of the value of the property.
It does not have to be a property you own, it can also be a mortgage in a property that belongs to someone who guarantees for you. These then become realkausjonists.
Eiendomsfinans cooperates with all banks in Norway that offer this type of refinancing.
Contact us and we will help you find which of these banks is best for you.
What is a payment note?
A payment remark is a registration in one or more registers such as Bisnode and Experian.
Here, banks and creditors can obtain information that a person or company has something unpaid that should have been paid.
The claim may mean non-payment following a debt collection case, payroll deduction, conciliation judgment, attachment, or that the person or company is bankrupt.
When do you receive a payment notice?
A payment remark is registered on the case when it has progressed so far in the debt collection process that it has been notified that legal action will be initiated.
Private individuals are notified by the credit reference agencies before they report the remark. You then have the opportunity to rectify the matter within 30 days.
For traders, the complaint is registered 30 days after a request for payment has been sent.
How to find out if you have a payment notice?
You can contact us and we will check this for you. If you want to try to retrieve this information yourself, you can log in to Experian.
Is a debt collection notice a payment notice?
A debt collection notice is a follow-up that comes into effect when an invoice is not paid by the due date. Before the bill is sent to a debt collection company, you will receive a debt collection notice telling you that this will happen if you do not pay as soon as possible. If the invoice is still not paid, it may end with a payment notice.
When is a payment reminder deleted?
Can I refinance debt if I have a payment reminder?
How can I collect debt to delete payment reminders?
Can I get help if I have multiple payment reminders?
Are there alternatives to refinancing to remove payment reminders?
What does it actually mean to delete a payment reminder?
How does deleting a payment reminder affect my credit score?
Can everyone have their payment history deleted through refinancing?
Can I delete a payment reminder without accumulating debt?
We work with several banks that help customers delete payment notices:
Once we have spoken to you, we will apply for refinancing from the bank or banks we think will be right for you. The offer you receive is non-binding and the work we do is free for you as a customer.
