Loans without bases do not exist. Banks must check creditworthiness of potential customer in BIK. On the other hand, it loan companies do it voluntarily. Scoring does not play a significant role in loans against collateral. The main criterion for awarding money is a pawn car.
How do lenders check your credit history?
BIK, BIG InfoMonitor, ERIF, KRD – in these databases, financial institutions verify the credit history of their clients. Banks have a statutory obligation to check the borrower in the Credit Information Bureau. Loan companies do this voluntarily.
Financial institutions most often use BIK resources. It is the largest base of this type . Based on the information collected, ie the type of loan, the repayment amount, timeliness, etc., the so-called scoring. Scoring plays a key role in determining creditworthiness.
Important – loan companies attach less importance to BIK assessment than banks. Financial institutions check the bases because they want to be sure that the potential borrower will be able to settle the liability.
BIK has data on 23 million borrowers
The Credit Information Bureau collects data from customers of banks, credit unions and loan companies. This is both positive and negative information. Financial institutions systematically share with BIK whether the borrower repays his liability in a timely manner. Interestingly, over 90 percent. the information collected is positive.
Information about the repaid loan disappears with the last commitment installment. On the other hand, negative data appears in BIK for 5 years from the settlement of the problematic loan.
Who grants loans without BIK?
Lite lender can check potential clients in BIK and KRD. However, it does not attach much importance to scoring. Therefore, people with negative credit history can apply for a loan. What’s more, the money will be given to people who have other financial obligations, eg a mortgage.
The most important condition for receiving a secured loan is to have a car or van (up to 3.5 tons). The vehicle at the time of application may not exceed 12 years. Interestingly, the borrower can use the car for the entire repayment period.
Important – in this type of loans the collateral is a secured car. Failure to settle the claim results in the car being taken over to the lender.
Who can apply for a loan?
Lite lender addresses its loan offer to self-employed, entrepreneurs and natural persons. The lender should be between 21 and 70 years of age. In addition, he must be the sole owner of the pledged car.
The institution provides loans to those in debt without creditworthiness. In addition, applications are made without income certificates. What is more, in the case of loans for Lite lender companies, it does not require presentation of revenues.
How do you take out a loan?
The procedure for applying for a secured loan is not complicated. At the very beginning you must complete a loan application. In the form, first of all, you need to answer questions about the car (age, model, date of first registration, etc.)
After the application is approved, the car is priced. To this end, the borrower must meet an appraiser hired by Lite lender. It is worth noting that the company in this aspect cooperates with professionals, therefore the estimated value of the car will be market.