Checking your creditworthiness is important especially when you are applying for a loan and do not know what maximum amount we can count on. It doesn’t matter if it is a home loan or a relatively small loan for a family vacation. It’s good to know how to check your credit history without leaving your home. How to check your credit standing ?
What is credit standing?
Creditworthiness is a term that is relevant not only to borrowers themselves, but also to lending institutions. Simply put, it is a person’s ability to pay back a liability at a given time, at a certain interest rate. Companies lending in this way want to reduce the risk to a minimum and checking their creditworthiness is to protect their interests and protect against dishonest customers. After all, there is no shortage of people who do not pay back previous loans and are looking for further borrowing options, falling into a spiral of debts. Some companies offer the possibility of convenient borrowing without checking your credit history, but then you cannot count on a loan higher than several thousand zlotys. How to check your credit standing ?
How to check your credit standing?
How to check your credit standing ? This can be done easily using special online calculators. Provide information on the household, other loans to be repaid, the monthly income of all members of the household. Based on the data provided, the calculator will be able to calculate the creditworthiness that will affect the amount of the next loan. Of course, the calculations are estimates. It’s completely free, and the calculators are extremely easy to use. People who do not trust online calculators can check their credit history at a bank outlet. Some banks prefer a personal visit to the branch, others provide information by phone – it is worth checking how it is done at the selected outlet.
What about BIK?
It turns out that creditworthiness is not everything. It is also worth checking BIK, where there can be data on arrears with possible repayments, which each of us could already forget. The facility granting the loan can check this information at any stage of the loan application and if the BIK contains important data, the customer may lose credibility in the eyes of the bank. Obtaining a BIK report is possible via the Internet without leaving your home. All you have to do is create an account, complete the form and make a payment. Then everyone can download their BIK report.