SEB Corporate Customer

A credit information report include details, scores or guidance provided for the recipient (the client) to make an assessment of someone else's creditworthiness. In order for UC to disclose a credit  report with information concerning a natural person it is required that the recipient has a legitimate need according to section 9 1. in the Swedish Credit information act (KuL). Need for credit assessment or credit monitoring in order for the recipient of the information to be able to make a financial assessment constitutes a legitimate need. In order for UC to disclose a credit report on a natural person for purposes other than credit assessment or monitoring it is required, for example, that there is an agreement between the parties. Other legal conditions that make it necessary for the recipient to make a financial risk assessment are, for example, guarantee, employment or rent conditions.

When a credit report on a natural person (the requested) is disclosed the one as the disclosure intends to will receive a notification of this (so-called copy to inquired). The credit reporting copy shows the information that the creditor received in the present case. In addition to details of the scores and guidance, ‘The Copy’ also contains information about who conducts the credit reporting business, contact information for data protection officers (if there is such a requirement according to. Art. 37 GDPR), purposes and legal basis for the personal data processing, categories of personal data processed, from which the data is retrieved (Source), storage periods, information on the right to access and correction of personal data, categories of recipients and who ordered the credit report (the recipient). The copy also contains information on the possibility of setting complaints to the Data protection authority.