According to the January report of InfoDłuż (a detailed report on the Polish debt prepared quarterly by Zig Bonitor), Poles have PLN 40.94 billion of debt, of which persons from the higher risk group are in arrears with payments totaling PLN 2.38 billion. An average unreliable debtor has PLN 17 214 to hand over.
Risky customer, or what?
An increased risk client in the eyes of a financial institution is simply a person who is in arrears with settling liabilities such as loans, credits, credit cards, and account limits. Due to this, he has a negative credit history at the Credit Information Bureau (BIK). We are also talking about an unreliable debtor when someone has not repaid the amount exceeding PLN 200 on time, and at least 60 days have passed since the date of receipt of the claim. Indebtedness may result from failure to comply with the contract with a bank, telecommunications company or other business institution or entity. This definition is used by economic information bureaus, i.e. the National Debt Register, ERIF Register of Debtors and Zig Bonitor. A high-risk customer is also a person with low creditworthiness or low or unstable income. Another factor that may cause the applicant for additional money to be perceived as an unreliable customer is the lack of credit history in BIK. Then the financial institution does not know what kind of payer the potential borrower is.
However, the loan is not for everyone
The widespread belief that the offer of non-banking companies can benefit everyone, even people with a negative credit history is increasingly refuted by hard data. I am talking not only about the lenders themselves, who openly admit that out of 10 applications submitted, more than half meet with a negative decision. This is because the loan industry provides loans from its own resources. Therefore, one of the conditions that non-bank companies set for the person submitting the application for an additional cash injection is not configuring the debtors’ registers (only one, two or, less often, all three). However, while banks almost immediately delete a person with a negative credit history and entries in BIGs, loan companies, thanks to an individual approach to the client, can offer e.g. a lower loan amount, a longer repayment period or condition for obtaining money from the need to provide additional documents (e.g. income certificate, bank statement, electricity, multimedia, gas bills, etc.).