Each year brings a bit of change in the market of companies that offer non-bank loans. New entities and new offers are emerging. This can be particularly beneficial for people in debt. New payday loans without checking your credit history always create additional opportunities to raise the funds you need.
New payday loans for those in debt
There are more and more offers of non-bank loans in which the customer’s creditworthiness is not put first. Short-term debt for 2019 – the latest market offer can appear under many names. Usually, it refers to requirements that the borrower cannot normally and does not have to meet to obtain a non-bank loan. We explain the types of payday loans and what to expect from a specific offer.
Payday loans without bases – what does this mean?
For many lenders, an important part of the process of verifying the client’s financial credibility is checking his possible debt. Then they refer to data collected by authorized institutions. There are several such in Poland. They make available – of course to specific entities and with the consent of the consumer – credit and economic information. It should be emphasized that their operation is enabled and regulated by legal provisions contained in specific acts.
The databases in question are the Credit Information Bureau and the Economic Information Bureau. It is worth knowing the differences between them. BIK is one institution, and therefore maintains one uniform register. The data contained herein relate to the credit history of persons who incurred financial liabilities. They come from banking and non-banking institutions, and only these institutions have access to them. Information can be both positive – timely repayment and negative – overdue repayment obligations.
The situation is slightly different in the case of BIG. These are several offices that keep separate registers. These, in turn, relate only to unpaid liabilities towards economic entities. It may be debt due to unpaid invoices, electricity bills or telecommunications services. In order to be able to check the debt, e.g. of a consumer, the consumer must agree to it.
So payday loans without bases are basically loans targeted at the indebted. The name of the offer means that the decision to grant money will not be affected by information contained in BIG or BIK. Usually the type of base is specified in the offer.
Payday loans with a bailiff – are there such loans?
Bailiff attachment is the last stage in the creditor recovery process. This means that neither earlier payment requests nor even a court order for payment induced the debtor to pay them back. Bailiff enforcement then becomes a necessity. This is probably not a simple situation for the person against whom the debt is being collected.
The main question in this context is: can we apply for a bank loan as the person against whom bailiff enforcement has been initiated? And another: what does the bailiff leave in our credit history? What you need to do to be able to apply for the so-called payday loans with a bailiff?
Let’s start with the basic thing. In the context of bailiff proceedings, we simply become debtors. And as you know, they are entered into the BIK or BIG databases. The type of register depends on which entity is in arrears with repayment. If it is a banking or non-banking institution, it will be BIK. If it is e.g. a company, the data will be in BIG.
The bailiff, as a civil servant, has no influence on whether our data will be entered in any register. There is neither right nor obligation to do so. This can only be done by entities to which the outstanding obligations relate directly. So payday loans with bailiffs are de facto payday loans for those in debt. If we want to apply for it, pay attention to payday loans without checking the debtors’ databases.
Granting a loan in this situation depends on many factors. The amount of debt and whether we can confirm the current and regular sources of income will be decisive.
Payday loans without transferring a penny
The situation when we don’t have a penny on our bank account may seem odd. However, this can actually happen for people in debt. The lack of one penny, as it turns out, can be very troublesome. This is the amount of the value of the verification transfer. In some cases, it may be slightly higher, e.g. $ 1.
Many non-bank companies use a verification transfer as a tool to confirm the identity of the borrower. It also checks in this way whether the account owner’s data coincides with the data appearing on his identity card. If we are not able to cope with this verification method, we must take advantage of the offer – payday pay without transferring a penny.
What are the ways to verify the borrower’s bank account in this case? When it comes to online payday loans, verification can be done safely using dedicated applications. The application reads and transmits bank account data. You can still apply for a cash loan. Then the money is collected directly at the stationary branch of the loan company or we process the Giro check in one of Poczta Polska’s branches.
Payday loans without BIK and without BIG – compare offers
The conditions under which non-bank institutions grant payday loans without or without BIK are not the same. The borrowers’ applications themselves are also considered individually. The grant of the loan depends on the actual financial situation of the person applying for it. The amount we are applying for may be burdened with too much risk of default for one company. But another entity, by properly securing the contract, may grant it.
Comparing offers is especially easy when we consider payday loans online. Industry portals prepare a ranking of such offers. Collecting and analyzing data will therefore not be cumbersome. Indebted customers must be aware that not every offer will be within their reach. The loan application may be rejected at the stage of its verification. That is why it is worth choosing several offers to have some additional options up your sleeve.