In the sector of non-bank products, payday loans and installment loans without installments have dominated for several years. This type of offer is a response to how traditional banks treat customers – that is, they are very happy to open a bank account, but the customer is completely unattractive for them in terms of loans or cash loans. The bitterness of disappointment has found an outlet on the internet – there are now all consumers disappointed with banks. Cooperation with parabanks is successful – clients have access to full information and costs of the loan at every step, so if there is a negative opinion about online parabanks – it is only because someone has not read something in the contract or has not read the contract at all. It is worth remembering that applying for a loan is completely voluntary – by filling out the online form, every customer knows that he consciously decides to take out such a loan and the fees associated with it.
What is BIK about?
The Credit Information Bureau is a tool used by banks. The database contains all bank loans and their repayment history, including delays with the time range, as well as information on the repayment method (e.g. as a result of debt collection activities). You can also see if the client is a resident and for what amount. If customers do not have a very interesting credit history, then the banks refuse to grant loans. Parabanks are unlikely to penetrate BIK, although recently some are starting to practice it. But there are no installment installment loans on the internet, so everyone will find the right offer for themselves.
What is the reason for refusing an online loan?
Customers cannot be registered as debtors in BIK, ERIF, KRD databases. This type of entry automatically rejects the application, but if the debt is settled quickly, the creditor is obliged to remove the debtor from the database within two weeks, which means that you can again apply for a loan without the risk of refusing a loan online. Another reason may be age requirements.