When we do not repay our obligations in a timely manner or we stop regulating them at all, we are exposed not only to various types of penalties but also to entering into debtors’ lists. When we are on such a list, then our chances of getting any loans, credits or signing subscription contracts decrease.
The most popular debtors’ databases operating in Poland are BIK and KRD. They operate independently of each other and do not exchange their data. Both BIK and KRD collect information provided by companies or consumers, process it and make it available on request. However, there are differences that are worth exploring.
Credit Information Office – BIK database
BIK was founded by the Polish Bank Association and private banks, but now SKOKs and loan companies operating non-banking also use it. BIK collects both positive and negative data. Every lender or borrower reaches it, regardless of whether he repaid the debt in a timely manner or for an indefinite period.
Data regarding persons appearing in BIK allow for the creation of scoring – a special point system expressing credit credibility. Thanks to such a point analysis, entities using BIK databases, ie banks, credit unions, and non-banking companies, can more easily analyze the client’s credit risk and, therefore, make a decision about granting a loan or loan quicker.
Once introduced to the BIK database, it remains in it for a period of 5 years. They can only be removed if the debt is repaid at the request of the creditor, i.e. a bank or a loan company. Clearing the history in BIK is possible only in the case of positive data – then it also takes place at the request of the client, which should be directed to a banking or non-bank institution.
Krajowy Rejestr Długów Economic Information Bureau – KRD BIG database
The KRD mainly collects negative information, but we also find information about the timely performance of the commitments. In the KRD databases, there are both companies and consumers.
We can reach the base not only when we pay off the loan or credit on an unpaid basis. Also, we can get for debts incurred as a result of non-payment of subscriptions, overdue seats, alimony. Entry on the list is also possible at the request of a natural person in the case of debt with an enforceable title issued by a court. It is worth pointing out that the regulations state that the entrepreneur may be entered into the database when his debt is at least PLN 500. In the case of natural persons, i.e. consumers, the minimum amount is PLN 200.
Data in the KRD databases remain active for much longer, as it lasts for 10 years. However, if we repay the debt, then the person or entity who introduced us to the list is obliged to request the KRD to delete the data within 14 days. Then, after our indebtedness in the KRD debt bases, there is no trace left.