June is the month in which you receive your tax return results for the previous year – that is, in Norwegian skatteoppgjør. It’s not just about the tax refund or the possible need for a surcharge. It’s also the time when credit rating agencies in Norway recalculate your creditworthiness. So how does receiving skatteoppgjør affect current and future loans?

What is creditworthiness and what does it affect?



Receiving an annual tax return means that your creditworthiness (norwegian. kredittverdighet) has been recalculated. This is nothing more than a mathematical formula, to which all the factors determining the material and life situation are added. The final result shall be given in a specific number format, which means credit rating. Typically, this is a number between 0 and 1000, with 1000 being the highest possible creditworthiness.


What affects creditworthiness in Norway?

Your credit rating depends on many factors. One of the most important is income stability. If they are unstable or show a declining trend over a long period of time, this will negatively affect your creditworthiness.

Debt remains a separate issue.

The higher they are, the lower the credit you can get. However, the ratio of income to financial commitments remains the most important. The overarching principle is that the more you earn, the more credits you can take out.

Factors such as:

  • borrower’s age – the younger you are, the lower your credit rating will be;

  • change of address frequently, which will be a sign of instability for the bank. Thus, the institution examining the application may consider you untrustworthy, which will negatively affect your credit rating.

What other information does skatteoppgjør provide youwith?



In the received tax return, you will find information about the interest paid on consumer loans. This way, you’ll be able to tell if you’re on a good credit offer.

If this is not the case, you may want to consider offering to refinance your existing commitments. Especially if you have several of them in different banks. You may find that this solution will allow you to pay only one installment, instead of a few, which will be additionally more financially advantageous. In addition, you can gain more control over your expenses and pay off your debt.