BIK (Biuro Informacji Kredytowej), i.e. the Credit Information Bureau, is responsible for financial security of economic operators. Their task is to disclose complete information on loan recipients to financial institutions considering loan applications.
When a client submits a loan application, to address it, a bank sends an inquiry to the Credit Information Bureau to check the client’s credit history. BIK provides a credit report and if bank determines that credit history is positive, it grants a loan. Client pays installments in a timely manner. Bank notes that installments are paid in a timely manner and notifies BIK that everything goes according to plan. BIK stores information on credit history of the potential clients of financial institutions.
The Economic Information Bureau InfoMonitor S.A. (BIG InfoMonitor S.A.) enables business entities to verify the credibility of potential business partners. This Institution is responsible for collecting, storing and disclosing, if applicable, economic information on the debts of physical and legal persons. It also maintains BIG Register of Debtors and is the only institution allowing access to the database of Credit Information Bureau and Polish Bank Association. It is estimated that over 6.1 million entries on outstanding debts of companies and consumers. BIG is a place of information exchange between banks, consumers, entrepreneurs in different industries and other economic sectors. BIG stressed that it annually shares approx. 15 million reports about outstanding payments and liabilities of physical and legal persons a year. On this basis, banks and entrepreneurs undertake cooperation with a new business partner.
We provide professional consulting services in connection with the removal of entry in KRD and the improvement of BIK status. We help clients, whose data in BIK are outdated or incorrect. Our activities are aimed at correcting information before it reaches banks. Marshal Lion’s experience as a consulting company may help build a strong image in commercial contacts and contacts with banks. We provide holistic services to every client and taking care of every aspect of their business image.
Contact our consultant to know more.