Credit History

Details are sent to BIK when you submit any application (e.g. credit application) in a bank or a SKOK (Credit and Savings Union) and after you have incurred such liability, i.e. credit. These are identification data and information about credit liabilities related to you, showing, among other things, the initial state of your liabilities, the current state of debt and your credit history. The bank (or SKOK) updates data on handling the raised credit at least once a month. This happens throughout the duration period of liability. BIK has information about both timely and overdue loan repayments.

According to the Law on Personal Data Protection, you can check your data in BIK once every six months by filling in the application form for the report, available at http://www.bik.pl/?prID=10002008 as well as in BIK’s Customer Service Office. BIK is obliged to respond within 30 days since you have submitted your application. For a fee, you can obtain information more frequently than once every six months or receive more detailed report from BIK.

If you had settled your liabilities when due, your data would have been processed in BIK from the time of its submission until the expiry of the liability. If you had agreed to the processing of data after the expiry of your liabilities, your data would be made available to banks and SKOKs in order to assess creditworthiness and analyze credit risk for a period of 5 years from the date of full settlement of your liabilities, certifying your credit history.

The data can also be processed without your consent for a period of 5 years, if all of the following conditions were fulfilled:

• you did not settle liabilities or settled liabilities with an overdue of more than 60 days,
• it has been 30 days since the bank or SKOK notified you of its intention to process your data without your consent.

In addition, under the amendment to the Banking Law, data on clients’ liabilities can be processed by BIK for a period of 12 years from the date of expiration of liabilities, for purposes related to using statistical methods by banks. Data processing for this purpose does not require the consent of their clients.

If you had settled your liabilities due, you would have a positive credit history in BIK. It makes you a precious client to banks and you can be offered better cooperation conditions. Lack of access to your credit history is unlikely to facilitate cooperation with the bank or SKOK.By giving consent to the processing of your personal information, even after your liabilities have expired, banks and SKOKs are given information about your positive credit history, which increases your chances of getting good credit conditions in the future. For more information on BIK, please visit the Loan Information Office website.