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Verification in debtors’ databases

When considering taking a loan, we must be aware that our data will be checked in the debtors’ databases. What are such databases for and what types can we distinguish?


Why are debtors’ registers checked?

debt loan

It would seem that the progressing loan industry and banks have been making it easier for us to take out a loan for several years. Although some loan institution advertisements assure in their advertisements that they do not check any register of debtors, in fact most companies visit such databases. The purpose of this is not to reject the credit application, but to check the risk of borrowing money.


Register of debtors and receipt of loans

Register of debtors and receipt of loans

In the case of banks, the credit history and the current status of any debts are verified very carefully. The situation is different, for example in payday loans – in this case the procedures are not so restrictive. The fact that we can receive money several minutes after sending the application online does not mean that our data has not been checked for our financial possibilities. Companies offering this type of loan check the debtors’ bases, but even if they appear in them and show a negative credit history, we still have a chance to get a loan.

Loan companies providing quick payday loans compensate for the high risk of borrowing money with a higher interest rate compared to standard banking institutions.


What debtors’ bases are there?

What debtors

In Poland, there are several registers of debtors kept by the Economic Information Bureaus. Let’s check how the registers collect data and how they work.


BIG InfoMonitor

BIG InfoMonitor

The BIG InfoMonitor register provides an opportunity to exchange information between banks and other sectors of the economy. In this register we can find reliable information on the debt of not only private individuals but also enterprises. BIG InfoMonitor also supports debt collection processes.

How does the data enter the registry? The entry may be placed by any creditor who has a contract with the given register. Incoming data is collected and made available to banks as well as non-banking institutions.

In practice, it looks like this: in each case, when we have a debt to an institution, we can expect to enter our data in the BIG InfoMonitor register. However, this fact is not irreversible. If we pay our debts, this entry may be removed from the register, but in this situation time counts – settlement of the obligation should be notified as soon as possible. Otherwise, adverse information may appear in the register for up to 10 years, and this will negatively affect the subsequent decisions of banks to grant us loans in the future.

You should also know that we can check ourselves whether our data is in the BIG InfoMonitor register. All you have to do is register on the registry website and send a scan of your ID card to confirm your details.



debt loan

What distinguishes the ERIF register from BIG InoMonitor is the collection of positive information on the financial obligations of debtors. This register will therefore contain information on the debts of individual and business clients, as well as mentions of persons paying their debts on time.

If our data is in the ERIF register and we appear as a person who does not pay their obligations on time, then after paying the debt, the author of the entry has a deadline of 14 days to remove the information. The database update procedure takes place maximum within the next 7 days, but in practice such entries are deleted on an ongoing basis.

As in the case of BIG InfoMonitor, we have the opportunity to check whether an entry about us appears in ERIF. The procedure looks identical to the previously described debtors database. It is also worth adding that the process of registering and generating a report may take no more than 15 minutes.


National Debt Register – KRD

National Debt Register - KRD

KRD is one of the most recognizable debtors’ bases. Entry in this register can be made by anyone who has a contract confirming that the person is in arrears with a minimum 60 day repayment. A private person may appear in the register if he is in arrears with a debt repayment of not less than $ 200 and any enterprise whose debt is equal to or greater than $ 500. After the debtor settles his obligations, the author of the entry must remove it within 14 days of repayment.

Also in this case, we have the ability to check your data, thanks to the registration on the appropriate platform.


Credit Information Bureau – BIK

Credit Information Bureau - BIK

All information on loans from banks and credit unions are sent to the BIK database. The database collects not only information about our late repayments, but also those that confirm that we meet our obligations in a timely manner.

Information about us may be removed based on our appeal; after 5 years from the expiry of the commitment and in the event of a mistake.

We can monitor information about us on a regular basis in BIK by registering on the database’s website. We can receive a report about us either after transferring $ 1 to verify the data or after receiving the activation code sent by BIK to our correspondence address.

You can learn more about this from our article Check if you are in BIK .


Credit Check

Credit Check

This debtors database is a newer solution compared to the previously mentioned registers. It involves the exchange of data on debtors between loan companies. This is a very good supplement to the data that non-bank companies obtain from external databases. This register is not only helpful for loan companies (protects against debtors who do not pay their financial obligations), but also protects us from the debt spiral.

As mentioned before, every bank and almost every financial institution checks a potential borrower before providing its cash. If negative data about us are not included in any of the BIG databases, we can apply for a loan from the Sear portal. Remember, however, that each loan application is considered individually.

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