What happens if my debt information is published in the Estonian Credit Register?

DISCLAIMER: The following only applies to loans issued in Estonia

Estonian banks established the Estonian Credit Register in 2001, and it is administered by Creditinfo Eesti AS. This official payment default register is the only register in Estonia that collects consistent and high-quality debt information, in which nearly 1.8 million unique payment defaults have been entered for both companies and individuals. Estonian creditors from all vital sectors, such as banking, communications, telecommunications, fuel, trade, construction, rental, transportation, etc., enter and use the information on payment defaults.

Information about your payment defaults is available to banks, leasing companies, telecommunications companies, and other large companies that offer installment products and make credit-based decisions. If your debt information is published, you can expect to have trouble obtaining additional loans and installment agreements for several years. The information published in the Estonian Credit Register is kept for 5 years after the debt payment has been settled.

The state of default is terminated upon the full repayment of the debt. The payment default state will end once all the debt is repaid.

You can read more here.