Negative Credit Record: How Long May Data Be Stored?
How long may a credit bureau in Germany store information about a settled payment default? In a ruling with major practical relevance, the Higher Regional Court (OLG) of Munich held: a storage period of three years is, in principle, lawful and appropriate. The decision of April 11, 2025 (Ref. 14 U 3590/24) strengthens the position … Read more
 
  
  
  
  
  
  
  
  
  
  
  
 