Payment remarks on a business — what it means and what you can do

A payment remark is normally deleted within 30 days after the claim is settled and you have submitted documentation to the credit bureau. Unsettled remarks may remain longer — regulations vary.

No. Kredittdata is a service for documentation, insight and monitoring — not a credit bureau. Deletion is handled by the bureau that registered the remark, or with the party that originally registered the claim. We can help you identify and monitor remarks, but the actual deletion is outside our control.

It depends on the client. Many public and large private clients require that the supplier is free of payment remarks. Check the tender documentation carefully. In some cases you can document settlement and apply for an exception.

Debt collection is the process of recovering an unpaid claim. A payment remark is a public registration that arises when the claim has gone through debt collection or legal proceedings without settlement. You can have a claim in collection without it yet being registered as a remark.

Yes. With Kredittdata's services you can order a credit report on Norwegian businesses, which includes information about payment remarks and credit score. You can also set up monitoring to receive alerts about changes.

A credit score is a numerical assessment of a business's payment ability and risk. Payment remarks are one of the factors that affect the score negatively. Other factors include financial results, debt ratio and payment history.