Fast loans literally took over consumers across the country. Today, the faster the loan is, the better. Some loan companies break records and grant loans in literally 15 minutes. Some payday loans
are quick loans without verification
- what are they, how do they differ from standard loans and are they worth taking? You will find out in a moment.
It is certain that payday loans without databases
have their advantages, but a non-bank loan via the Internet
will also have one major disadvantage. Understanding the rules governing such loans makes it easier not only to choose the best payday loan
, but also to repay the debt. The more you know, the better solutions you can choose for yourself, save more and gain more confidence in a given solution. In the case of loans, terms and conditions have a significant impact on the late repayment and sometimes also on the subsequent creditworthiness. Any knowledge is useful in this case.
Payday loans without high creditworthiness
First of all, payday loans via the Internet
without database verification are granted to people who have low creditworthiness or do not have this ability at all. In databases such as BIK
, information about the current debts of a given person as well as his credit history is collected. Based on this information, it can be assessed whether the person has a prospect of debt repayment and therefore whether he is reliable enough to grant him a loan.
However, it is often the case that customers have some debt or earn too low earnings and their creditworthiness is insufficient to grant a loan. This is the case when the creditworthiness is assessed and the application is verified in the databases. Meanwhile, payday loans as proof
without verification can be granted to people without creditworthiness. Failure to verify in this case means no ability assessment, so it cannot be ruled out. Since it cannot be excluded, there is a presumption of its existence, and thus the payday loan may be granted. Verification of creditworthiness in many cases would rule out the legitimacy of granting a loan, but without checking in the database, the customer can receive money. Loans for those in debt
are therefore ideal for someone who is in debt. The higher the debt is, the lower your creditworthiness is and the lower your chances of getting a loan that requires verification. Loans for the unemployed
are generally more expensive than loans with verification, but for people without creditworthiness, in most cases, they are the only solution that allows you to borrow money.
Verification of BIK, KRD, ERIF databases
Often, in the loan descriptions, we can meet the term payday payday without BIK
, KRD or ERIF. In order to understand the idea behind this provision, these abbreviations should be looked at.
- BIK - Credit Information Bureau, i.e. an enterprise that collects and provides credit history of bank customers, credit unions, as well as non-bank loan companies. Until some time ago, BIK only collected credit history. Today, it also supports loan companies, so in the case of a loan with BIK verification, the history of payday loans is also checked.
- KRD - National Debt Register is, in turn, a platform for the exchange of information on commercial companies and entrepreneurs. While individual clients were verified in BIK, company debts can be checked in KRD.
- ERIF - Economic Information Bureau is an institution that collects economic data from creditors and makes them available.
These instruments allow loan companies to check the applicant in terms of current debts and non-repayment or delay in repayment of previously incurred financial liabilities. When verifying these bases, a bad credit history could close the door to a loan for a given person, while quick non-bank loans without verification
do not use this information. They are therefore available to a much wider group of people looking for payday loans on the weekend
, when access to these databases is disabled, and for people with low income, indebted people and often also for the unemployed. There are many offers of payday loans without formalities
on the Internet and they differ especially in terms of the maximum loan amounts.
Loans without earnings certificates
In most cases, loan companies require an income certificate, i.e. a document issued by the employer informing about the amount of income obtained. On the basis of this income, the creditworthiness is calculated and thus a decision on granting the loan is issued. Payday loans without a certificate of earnings
are most often granted on a statement. The declaration is not of the same value as the certificate as it is not certified by the employer. In the statement, the client only declares the amount of income he earns, and sometimes it happens that he declares higher than the real one to prove himself in the eyes of the loan company and thus receive a payday loan.
No need to submit a certificate of earnings means that a loan can be obtained by a person working on a specific task contract, receiving a scholarship, retirement pension or disability pension. In addition, such a solution saves time, because you do not have to complete so many documents.
Magdalena Mazur Twitter
She graduated from the University of Economics. She specializes in credits, loans and payday loans that can be applied for online. He knows the rules of online offers and is happy to write about them so that anyone interested in taking payday loans online knows what to look for.