This is the first consequence you will face for the delay in paying off your short-term liability or to avoid paying the debt at all. Costs are generated by every prompt, be it in the form of a letter, SMS or email, as well as a request for payment by phone contact of a company employee or his visit to the place of residence . The amount of fees for individual activities depends on the lender, so before you make a decision to commit, read the table of fees and commissions charged by the company . Lack of agreement or ignoring by you the actions of the loan company forces it to take further steps to enforce the refund, i.e. initiate debt recovery actions or take the case to court. It is worth emphasizing that only a banking enforcement order with an enforcement clause results in joining the bailiff’s case. It is a separate matter to charge interest for each day of delay in paying the arrears. The longer the debt collection procedures last, the higher the costs will be.
Entry to BIGs
If you fail the task and you are late with the repayment of the debt exceeding PLN 200 by more than 60 days, then your unreliability will be recorded in the form of entries in the registers of economic information offices. Adding you to the National Debt Register, ERIF or BIG InfoMonitor list is to motivate you to pay your debts. At the same time, it informs others that you are an unreliable payer, and hence – a person whom you cannot trust too much.
Deterioration of creditworthiness and closing the road to credit
Any irregularities related to the regulation of loans from the non-banking sector automatically affect your credit history and thus deteriorate your creditworthiness. Non-payment of liabilities and blacklisting of debtors will not allow you to use a bank loan. You may also encounter considerable difficulties when you want to take advantage of the offer of retail and service outlets, including signing a contract with a mobile operator or taking home appliances / consumer electronics. Also a potential business partner may opt out of cooperation with your company, because you will be perceived as insolvent and unreliable.