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May 11, 2022

Under what conditions is a loan granted without checking databases in Poland?

Under what conditions is a loan granted without checking databases in Poland?

Not every consumer can boast of an impeccable credit history. Sometimes through our own oversight, forgetfulness or lack of liquidity we end up in a situation where we have a bad credit history and cannot use the services of a bank. In such cases, we usually start looking for a non-bank institution that will not check our credit history in the Credit Information Bureau or related bodies. On what principles is a loan without checking databases granted? Who can count on financial support?

If, in fact, our creditworthiness and credit history are not among the best, the only solution at such a moment is to search the Internet in order to find the most advantageous proposal offered by loan companies. There are many offers on the Polish non-banking market and almost everyone will be able to get a loan whose offer will be adjusted to a specific group of customers. However, it should be remembered that the more lenient the conditions of receiving a loan, the higher the costs will probably be. This is, of course, connected with a considerable risk that the lender bears each time he lends his funds to people who may potentially have problems with repaying the borrowed sum.

Do non-banking companies really not check clients in databases?

Regardless of the form in which we apply for a loan, whether it is with a representative of a lending institution, during a conversation with a telephone consultant or by filling out a form on the Internet, we can be almost sure that almost every customer is checked in terms of their credibility, credit history and creditworthiness. Non-bank institutions, which know very well that not every consumer can get a cash loan from a bank, have come out to meet the needs of customers in a difficult situation. Therefore, they offer loans without BIK  (instant loans without BIK), which often save consumers from financial oppression.

On what principles is a loan without checking databases granted?

During the application process, the consumer will be asked to fill out a form with personal information, but also to make a verification transfer in order to confirm the authenticity of personal information. Another form of identity verification is logging into a mobile application, the active link of which is sent to us by the lender. Thanks to this application, the lender receives not only information confirming our name and address, but also the history of our operations and the balance on our bank account. Not every consumer will be happy with this form of identification of personal data, but if we do not have a good credit history, we cannot expect the lender to trust us and give support in the requested amount without analyzing our spending history. If the lender considers that the knowledge of our income and outgoings is sufficient, it may grant us funds. If this is not the case, the lender will also refer the request to institutions that collect data on each consumer’s debts. The best known organization dealing with monitoring of clients’ financial activities is the Credit Information Bureau established in 1997. There are more similar institutions in Poland. Banks, SKOKs and lending companies are obliged to send information about any delay in repayment in order to warn other financial institutions about dishonest clients. If your credit history is less than ideal, you can expect to be turned down by a particular company, in which case you will have to look for another lender with lower credit history requirements.


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