Debt information databases – which ones operate in Poland and who uses them?

Several databases containing information about the debts of individual customers and businesses operate in Poland. The most popular include: the Credit Information Bureau (BIK), the National Debt Register (KRD), the Business Information Bureau (BIG), and InfoMonitor. Every non-bank company informs potential customers which databases it uses to check applicants’ credit history.

Companies and banks are the primary users of databases containing information about customers’ debts. Once the relevant conditions are met, unreliable debtors may be entered in the debt register by, among others: banks, insurance companies, telecommunications and cable television operators, public transport companies, and debt collection agencies. Having debt does not, however, rule out the possibility of receiving a payday loan – below, we have gathered the most popular questions asked by people who have debts and are also interested in taking out a short-term loan.

Companies that do not check borrowers in the BIK database verify them in other databases – FACT

Are you in debt? If you know that information about your overdue obligation has been entered into databases other than BIK, such as KRD, applying for a loan without BIK will not help. In such a situation, there is a high probability that you will not receive a loan, because employees of the non-bank company will consult information contained in other databases.

Before applying for a payday loan, you should check which databases the lending company uses. If your debt has been disclosed in specific databases, you should choose an offer from a lender that does not use those same databases. You can also choose a company that, despite an entry in the debt register, agrees to grant you a loan if it decides that you are able to repay it. Check the best loans without database checks on centrumpozyczek24h.pl

Loans without BIK are more expensive – FACT

Granting a loan to a person in debt involves greater risk than providing additional funds to someone who has no overdue financial obligations. For this reason, loans without BIK are more expensive. The customer must expect that the costs of granting and servicing such a loan will be considerably higher than those of standard loans offered by non-bank companies.

The additional fees charged by non-bank companies granting loans without checking BIK are intended to compensate them for potential losses if the customer fails to meet their obligation.

If I am listed in the BIK database, I can apply only for a loan without BIK – MYTH

Various entities, such as transport operators, provide debt information to BIK. If you received a fare fine that you did not pay on time and, as a result, your name was disclosed in the BIK database, you still have a chance of getting a loan.

When obtaining information about a potential borrower, employees of a non-bank company pay attention to the reason for the debt. If you have not repaid a bank loan, the chances of receiving another one, this time from a lending company, are small. However, if you are listed in BIK because of an unpaid fare fine for travelling by public transport, you may still receive a positive decision and, consequently, the money.

I am having trouble repaying a loan – I can apply only for a loan without BIK – MYTH

If you are late with one loan instalment, the bank has probably not yet had time to report information about your debt. You may therefore successfully apply for a loan. In this situation, however, you must be aware that another unpaid obligation will make you appear unreliable in the eyes of financial institutions.

You can read more information about non-bank loans at centrumpozyczek24h.pl