What is a self-disclosure?
"For the conclusion of the contract, we need a current self-disclosure from you" - it is often in a sentence like this that you hear the term self-disclosure for the first time. It usually means a credit report that helps the potential contract partner to get an overview of your financial and economic situation. Self-disclosure in the sense of data protection law, however, means data disclosure in accordance with Article 15 of the EU General Data Protection Regulation - GDPR for short. Unlike the self-disclosure that can be obtained from credit agencies, the data disclosure pursuant to the GDPR provides an overview of all personal data that is processed about you by the body responsible according to data protection law.
What is a credit report?
Whether it is opening an account, applying for a loan, looking for a flat or leasing a car: There are many cases in which a self-disclosure is required. This self-disclosure is an assessment of your creditworthiness. This assessment is made by credit agencies and is actually called a credit report.
What is an enforcement?
The word scares many people. But what does enforcement actually mean? Enforcement refers to the state procedure by which a creditor can forcibly enforce his civil law claim against a debtor. This situation may arise if a consumer has not fulfilled a payment obligation even after receiving a reminder and the creditor or a representative appointed by him obtains an enforceable title from the court. Then the creditor has various state resources at his disposal to compulsorily enforce the claim.
