What is the BIK report?
Every person applying for a loan or a loan should know what an organization referred to as BIK is. BIK, i.e. the Credit Information Bureau, is nothing more than an institution collecting and sharing the obtained data on the credit history of bank customers and credit unions. Therefore, it is one of the basic sources of information about customers for lenders, such as banks. It can therefore be concluded that it is also a tool for assessing the customer's creditworthiness and the risk associated with granting a loan.
However, the Credit Information Bureau is not created only for banks. Although only a few institutions have access to databases, each of us can obtain a report on their own credit history.
Such a report may be useful when applying for a loan. It may turn out that the credit cards we have significantly reduce our creditworthiness and it is worth liquidating them before applying for a loan or repaying the loans taken under these cards or other obligations that may prevent us from obtaining financing.
BIK collects information both about the credit past (incurred and already repaid liabilities) and information about the current charges - repaid installments, repayment dates, amount of debt, etc. This information is updated on a regular basis - at least once a month. The data from the Credit Information Bureau is therefore a reliable and up-to-date source of information on which the institutions providing financing are based. In addition, the BIK database also stores information about inquiries submitted by banks regarding a given client, from which it can be concluded whether a given person has also applied for a loan from other institutions, e.g. in the same period.
How to get the report?
Not more often than once in 6 months, BIK may provide the so-called statutory information containing data on individual customers. The basis for applying for this information is Art. 33 paragraph 1 of the Act of August 29, 1997 on the Protection of Personal Data (Journal of Laws of 2002, No. 101, item 926, as amended).
The following are some examples of how to obtain this report:
personal application at ul. Postępu 17 in Warsaw (02-676) - the application is issued immediately,
on-line report via an internet bank account at Inteligo, iPKO BP or Meritum Bank,
registration on the BIK website and payment in accordance with the selected package.
Can the data in the report be changed?
Data that has been saved in BIK cannot be changed or erased. There is only an option to correct errors and inaccuracies that appeared there as a result of a mistake.
If the liability has already been repaid (e.g. a loan), and the database contains information that it is still being repaid, then you should immediately apply to the bank to update the entry.
Summing up, it can be stated that BIK provides both negative information about customer data and positive information (e.g. about timely or early repayments of liabilities, etc.). However, this information is neutral - it does not contain assessments. The decision to grant or refuse a loan is made by the bank both on the basis of data from BIK and its own procedures related to granting financing.