A significant number of clients are looking for loans without bases . What does this really mean? There are companies collecting data on borrowers on the financial market in Poland. Any person who decides to take a loan from a bank or other cooperating financial institution goes to the registers of people who have an active burden. The main aggregating companies for such data are BIK, i.e. Credit Information Bureau, ERIF and KRD (National Debt Register). These are the most important sources of customer data that cooperate with banks and lenders. see http://www.asatrublog.com/no-hassle-payday-loans-online-can-you-get-a-payday-loan-online-today/ for further notes
What really verifies BIK?
It is usually said that “I am in BIK”, “I have a bad history in BIK”. This means that for some reason the customer did not pay his commitment on time. The arrears grew and debt arose. Often, even to the extent that a debt collection or bailiff was commissioned. All such unpleasant situations are reflected in the BIK report. There is a collection of information about each client that contains basic data about commitments.
The BIK report includes both active liabilities such as cash loans, non-bank loans, credit cards and student loans. But also historical ones, which for example were settled a few years ago. When starting a loan process, the bank or loan company downloads such a report. He juxtaposes it with the client’s declaration, which he himself gives his current obligations. The BIK report also shows the amounts of charges, which is taken into account when calculating creditworthiness.
Creditworthiness is often calculated based on BIK
Banks verify their customers much more. They cannot grant a loan whose monthly cost exceeds 50% of the client’s income. So, for example, earning USD 3,000 you cannot have a monthly installment greater than USD 1,500. In addition, the cost of living is important. We know that we pay bills every day, we must have money for food and everyday life. All this is aimed at limiting the financial risk of banks and ensuring that the customer does not over- indebted , beyond their financial capabilities.
The problem arises when the debt in BIK and other bases is large
This situation is unfortunately very common. There are many Poles who have not settled their obligations on time. It can also happen that they have too many active commitments. Then going to the bank, we will definitely get a refusal to grant a loan, i.e. a so-called negative credit decision. For this reason, payday loans without bases , i.e. offers of loan companies that are not banks, are very popular.
Loan companies verify their clients less in databases
Unfortunately, this is an increasingly rare phenomenon, but the fact is that it is much easier to get a loan in non-bank companies. People who have low income or debt, and even a debt collector, can especially appreciate this. Here you can get a small amount, even for 30 days free of charge. It’s worth using offers that have appeared recently. New online payday loans are offers addressed to everyone who has not been a customer of a given company yet. If you are applying for a loan for the first time, you can count on very attractive terms.