Will I get a loan if I am in a debtors database?
Did you run out of money for your dream vacation or did the renovation of the apartment exceed your budget? You can fund your account quickly and without unnecessary formalities thanks to a non-bank loan. However, it is worth knowing that loan funds, just like banks, check the data of potential clients on lists of debtors to protect their interests. Being in such a database does not have to mean automatically rejecting the loan application.
In which databases are the loan fund clients checked?
Usually, loan companies check clients in one of five basic bases of debtors, which include: BIK, KRD, BIG, ERIF and ZBP. However, it happens that some non-bank institutions approach the matter more thoroughly and check the borrower’s data in all registers.
Checking the client’s debt history and credit history is important because it may turn out that the person’s previous commitments are so large that they may be in danger of being unable to repay the loan or a very long delay in settling the liability. If there were more such clients, this could not only lead to a disruption in the financial liquidity of the loan company, but even suspend its operations.
When can you hit the list of debtors?
Not only people who are struggling with more debt get into the register of debtors. Sometimes you can hit by accident and not even know that you are on a given base. All you need is, for example, an unpaid fine or an unpaid media invoice.
The list of debtors includes natural persons who have not settled the debt exceeding PLN 200 or entrepreneurs whose debt exceeds PLN 500 in total. The date is also important here. Entering debtors’ data into registers takes place when the debt payment deadline has been exceeded by at least 60 days.
Of course, settling the debt (if it really exists) means that the information on the debt in one of the popular debtors’ registers is removed. This happens at the request of the entrepreneur or specific institution to remove the debtor from the register. The data deletion procedure takes up to 14 days, subject to payment of a financial penalty for delaying time.
However, it may happen that the debt has been settled a long time ago and the information about it appearing in the register is incorrect in the debtor’s opinion. In this situation, he must ask for a solution to this problem and remove information from the database no longer to the office maintaining the register of debtors, but directly to the potential creditor. In this case, this is the only way to successfully resolve the disputed potential debt case.
You can check yourself on the list
Before the customer decides to take out a loan, he or she can check whether his / her data is not in one of the debtors’ databases. However, he won’t do it at the last minute. It takes some time for the database to prepare a report on potential debt. The first such report is free. In BIK, for example, it can be obtained by visiting the company’s headquarters in Warsaw. You can also order it via the website. Similarly, via the Internet, you can check whether you are on the list of debtors also in BIG (big.pl) and KRD (consumers.krd.pl) and BIG.
These three databases are among the most popular in terms of institutions that place information about their debtors in these places.
Can I get a loan despite an entry in the debtors register?
What to do if it turns out that the person is on the list of debtors? Does this automatically mean you can’t get a loan from a loan company?
Fortunately not. However, you must show that you have a steady income and document it with a work certificate of earnings. On this basis, the loan company will assess whether a loan can be repaid easily.
Companies granting non-bank loans look differently at the customer’s debt than traditional banks, in which the demonstration of even a small debt by the client prevents the possibility of taking a loan. Loan companies are not so restrictive. In most cases, the loan that the customer needs will be given to him.