Credit Information Bureau – how does it work and who collects information about?

Credit Information Bureau – how does it work and who collects information about?

The Credit Information Bureau is an ideal instrument for checking the credit history, payment reliability and timeliness of a potential borrower. It is used by both financial institutions and non-bank companies granting payday loans. The Credit Information Bureau is an institution that stores data on current and past liabilities.

The information collected about you by the Credit Information Bureau is one of the most important factors that a financial institution will take into account when considering your loan or loan application. Therefore, if you intend to look for financial support in a bank or loan company, start by learning about the essence of BIK’s activity.

What is the Credit Information Bureau? What specific data does it store and with whom does it share it? Does any delay in payment adversely affect the assessment of the application? Can you delete awkward entries about yourself? What is BIK scoring? How do you gain access to your own credit history? Here is a comprehensive guide in which you will find everything you need to know about the Credit Information Bureau.

What is the Credit Information Bureau and what are its tasks?


Its primary purpose is to collect notifications from banks and non-bank institutions regarding liabilities incurred by their clients. BIK organizes the acquired information and collates it into a credit history. He uses them later, e.g. to calculate the score of individual clients (so-called BIK scoring). This type of data is made available at the request of banks and non-bank institutions. Thanks to them, the credibility of potential borrowers and borrowers is verified.

The second of these entities focuses on collecting and sharing information on overdue obligations of individuals and companies. In his database you can find entries not only about unpaid credits or loans, but also about unpaid electricity, telephone or Internet bills, as well as about existing maintenance debts.

What exactly information does the Credit Information Bureau store and make available?

The Credit Information Bureau deals only with information related to credit and loan obligations. For example, if you finance the purchase of an apartment with a loan, buy a TV installment, or guarantee repayment of someone’s loan, then BIK will collect information on the repayment date.

Who is in the BIK database?

Who is in the BIK database?

BIK only stores information about persons who have used the financing of banks, credit unions or loan companies or applied for the products of such institutions, but did not use them. His database contains information on the borrowers themselves as well as the obligations repaid and repaid by them. Each registered commitment indicates, among others, the name of the entity lending funds, the amount of financing, the amount of installments or messages about possible delays in payment (with accuracy to the day).

BIK as a trustee of clients’ credit history

BIK as a trustee of clients

Each financial institution transfers data to BIK from the moment the debt arises, until its full repayment. Individual entries for a given loan or credit may have a positive or negative impact. The former are the consequence of timely payments, while the negative positions are the result of delay in settling installments.

Information on such obligations as:

  • a cash loan,
  • credit or mortgage,
  • car loan,
  • consolidation loan,
  • student loan,
  • employee loan,
  • personal account limit,
  • credit card,
  • payday loan,
  • guaranteed credit or loan.

Products from the above list are also those in which, before granting financing, financial institutions always check clients at BIK.

Josephine Stanley

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