Credit despite overdraft or direct debit

Take out a loan in spite of overdraft facilities or despite direct debits, here you will find tips on the conditions under which you can get a loan despite these obstacles. You will also find out whether return debits and overdraft facilities appear in the creation file.

Constant use of overdraft facilities and tolerated overdrafts, as well as the appearance of return debits, can be symptoms of serious payment difficulties.

If this is the case, it is primarily a matter of consolidating finances, possibly with the help of debt advice centers, and not of taking out new loans. This article is aimed at readers who, in principle, can afford another loan despite a direct debit and a credit line.

For this group of people, we provide a comparison calculator at the end of the article with which the cheapest loan solution can be found.

Overdraft facility & return debit: the impact on the creditworthinessmoney

Banks double-check the customer’s credit rating before taking out any loans.

On the one hand, a creditworthiness check is carried out on the basis of the documents sent with the loan request and, if necessary, on the basis of bank information. Banks determine whether there is enough freely disposable income to repay the desired loan in accordance with the contract.

Bank information and the evaluation of bank statements are used to determine how serious the customer’s account management has been in the recent past.

The credit check regularly begins with the collection of information from credit bureaus like Credit Checker. If negative characteristics that have not yet been resolved are identified, banks generally no longer conclude loan agreements.

In the case of a loan despite overdraft facilities or return debits, the first question is to what extent relevant information can be found in the Credit Checker information.

Return debit due to insufficient cover & Credit Checker


Return debit means that a direct debit is posted back because it could not be executed.

The amount requested with the direct debit is credited to the account holder again, while the account of the person who initiated the direct debit is debited with the corresponding amount. As a rule, direct debits are made because the account of the debtor does not have the necessary funds.

But there are other reasons. For example, the obligated account holder can have a direct debit canceled because he considers the underlying liability to be unjustified.

The return debit itself is not entered in the Credit Checker. This also applies to a return debit due to insufficient cover. Credit Checker knows no reporting feature for this incident.

The direct debit alone is not a reportable breach of contract. However, it can become a reportable breach of contract. This is the case if the claim on which the return debit is based is not contradicted and a reminder procedure is initiated. As a result of these dunning procedures, the claim may also be reported as uncollectible if the account holder does not pay.

Dispo & Credit Checker


A granted credit line is reported to Credit Checker, as is the setting up of a checking account.

However, the corresponding Credit Checker entry is not negative, but neutral or can even be regarded as a positive credit rating. Credit Checker finds out nothing about the use of the overdraft facility within the granted credit line.

If the overdraft facility is exceeded, there are different case groups.

  • The overdraft of the overdraft facility was previously agreed with the bank. A negative Credit Checker entry is not made.
  • The bank tacitly tolerates the overdraft. This fact also does not lead to a negative feature.
  • The bank does not accept the overdraft of the overdraft limit but points out the breach of contract. The bank then has the right to report this incident to Credit Checker as not in accordance with the contract.

In most cases, however, there will be no tolerated over-drafting of the overdraft limit at all because the bank will not carry out the relevant orders.

If this does happen, you have to reimburse the excess immediately or make a payment agreement with the bank in order to avoid a negative Credit Checker entry.

The situation is complicated when the bank has accepted overdrafts for a certain period of time, but then suddenly insists on behavior contrary to the contract.

If the bank allows the overdraft limit to be exceeded for a certain period of time, this may be seen as an implied contract change. The bank has tacitly agreed to an increase in the overdraft limit. If a negative feature is nevertheless reported to Credit Checker, you can possibly take action against it.

The legal assessment of such incidents is not easy. It is therefore advisable to consult a lawyer or an advice center.

Payday Loans

Payday loan or installment loan?

Both payday loans and online installment loans are available online, so you don’t even have to leave the house to get it. In both cases, formalities are limited to the minimum necessary, but you will need an ID card and a bank account to which the money is to be transferred. Both these forms of loans are therefore connected by easy availability and a large selection of companies that offer them. And how are they different? Payday loans are usually liabilities incurred for smaller amounts and for a shorter period.

People who decide to do so usually have 30 to 60 days to pay off their debts. Some companies may extend this time, but this is often associated with additional costs. Installment loans can in most cases be taken out for larger amounts, and the repayment period is up to three years. So it allows you to set low installments, which do not put too much burden on the household budget.

Which solution is better?

Which solution is better?

The answer to this question is difficult, because a lot depends on the situation of the borrower and his financial capabilities. Certainly, however, installment loans are easier to pay off due to the possibility of spreading them into convenient installments – a one-time payment of up to USD 4,000 is a much bigger problem for many people than paying monthly amounts of eg USD 400.

This is important due to the fact that delays in paying out payday loans are associated with additional costs. It is worth noting that all types of loans taken out in installments are usually more thought out, as one of the monthly expenses that should be included in the home budget for the near future.

In what situations is it worth choosing an online installment loan?

In what situations is it worth choosing an online installment loan?

A quick loan available via the Internet allows you to receive funds to your account in a short time, so this solution will certainly work in an emergency. It can also be an interesting alternative to a cash loan in a bank that requires many formalities. Of course, it is very important to choose a reliable company that conducts its business legally.

Therefore, before taking out a loan, it is worth verifying whether the selected non-banking institution is on the National Finance Supervision register. It should be mentioned that, contrary to the opinions of many people, this type of loan is available to customers without a negative history in the Credit Information Bureau, therefore people with problems in the past with repayment of other liabilities may face a negative decision. And although this may seem like a major impediment,

How much credit do I get?

Loans are a popular option when there are financial constraints. A loan can be used to compensate for these quickly and at a very low cost today. However, consumers always ask themselves the question in advance:

How much credit do I actually get?

Because not every consumer can get a quick loan. First of all, you should be aware that there are different types of loans. These differ from each other in many ways.


Budget bill

Budget bill

You should also know in advance how much credit you can afford. To do this, a budgetary bill should first be made. This will help you quickly find out how much credit is possible. you can download our free template for the household bill as a PDF. You can find free tips on how to fill out the household bill correctly.

Once you have completed the household bill and now know what financial resources you have available monthly to repay a loan, you can apply for your loan.


Apply for credit

Apply for credit

In order not to make any mistakes when filling out the application form, we have provided you with a PDF with tips on how to apply for a loan. Basically, the online form for a loan request is easy and understandable.

Of course, the creditworthiness data also play an important role when granting a loan. Also in terms of interest. Because most of the interest rates that are given online are interest rates dependent on creditworthiness. This means that the better the credit rating, the better the interest rate and the cheaper the loan.

In order to be well prepared for borrowing, we have a clear checklist that contains all the important points. You can save this as a PDF here.


Find credit online with no upfront costs

Find credit online with no upfront costs

You can find your desired loan online conveniently and quickly via a comparison portal. Thanks to modern processes (eg document upload or video identification), this works in just a few steps, from requesting a condition to comparing offers and lending. Your advantage: You can apply for a loan online without any upfront costs, because not only the request for various conditions, but also the offer overview created for you are made possible free of charge. In addition, free credit advice is usually offered through the comparison portals, which is available to answer all your questions about your loan.

Tip: Many online loan brokers offer you the free use of a loan calculator, which you can use to plan your loan precisely using any number of sample calculations. This will give you a better understanding of how the loan term, loan amount and monthly rate affect each other.

When do you usually get loans?

In recent years we have been observing a boom in the loan market. New loan companies grow like mushrooms after the rain and more and more Poles use loans. According to a study by the Credit Information Bureau, it is young people under 32 who are the most likely to borrow.

Quick loans are very tempting due to their wide availability, quick payment and easy procedure, reducing bureaucracy to a minimum. With loans, you can cover unexpected expenses, meet your current needs, take advantage of unique opportunities and make your dreams come true. In what situations do we most often reach for loans? And when should you avoid loans? We invite you to read.

Changes, changes, changes

Changes, changes, changes

In recent years, we have seen a real revolution in online loans in Poland. This is due to the fact that many people struggled with problems and difficulties associated with a very strict credit policy consisting of increasing the required own contribution and tightening the requirements for potential borrowers.

More and more people applying for a loan received a negative answer or resigned from the loan due to long waiting times and troublesome formalities. Therefore, alternative forms of financing began to be created, which differentiates them from traditional banks by offering loans tailored to the needs of customers, easier, faster and more flexible.

These are online microloans, also called payday loans or quick loans, which have been experiencing a renaissance in recent years. The goal of online payday loan companies is to adapt to customer requirements and improve their offer, establishing higher loan amounts and enabling more convenient repayment in installments. Thanks to this, they can compete with bank loans, and even have an advantage over them due to the shortened waiting time for the loan and minimum formalities.

When misfortunes fall in pairs

When misfortunes fall in pairs

Non-bank loans work very well in unforeseen, stressful and crisis situations. It would be ideal to go through life relying only on your own financial resources. However, we know well that this is not always possible … People who do not achieve high earnings, often have a problem with reaching the end of the month, not to mention putting money away for a rainy day.

And what if you suddenly find yourself in a crisis situation and you run out of money for the most necessary expenses, such as buying medicine, food or a transport ticket? What to do if a computer or car breaks down? Or unexpectedly get sick and you will need to see a doctor or dentist? All you have to do is make the boss late and you may already have problems paying your rent or bills.

If you don’t do it on time, you may have to look for another apartment. Do you want to risk and ride free public transport? Will you not take medicine and let your health problem get worse and have serious consequences? In the above situations, you will lose more than you gain if you do not solve these matters in time.

This opportunity will not come again

This opportunity will not come again

In addition to the crisis situations we are writing about, there are other situations in which it is profitable to take out a loan. If you plan to go on vacation and suddenly there is an opportunity for a very favorable “last-minute” trip, in such a situation it is also profitable to take out a loan. Or maybe you’ve been hunting a swimsuit for a long time and unexpectedly find the perfect copy at a very high discount? If you don’t buy these things now, then you may have to pay the full amount afterward.

When the holidays come, there will be no time to spend time looking for flip flops, a hat or sunglasses and then you will most likely go to the first better store and make a purchase there at the full price.

If you plan to buy a car, look around for last year’s year – such discounts can be used in the first half of the year. It is always worth buying well in advance because then there is a greater probability that we will be able to search for real price bargains.

An investment in yourself

An investment in yourself

Poles equally often decide to take advantage of the loan when the opportunity to invest in themselves arises. It always pays to improve your qualifications, because it will bring measurable benefits in the future.

If you have some free time, sign up for a computer course, and maybe you will be interested in learning German, or consider going to postgraduate studies? By developing new skills you will increase your chances of promotion, finding a better job and higher earnings.

If you live in a small town and your career opportunities are limited, sign up for courses, training, tutoring, and then consider moving to a larger city where you will have a more interesting and better-paid job. Remember, excess knowledge has not hurt anyone yet?

Borrow in installments

Borrow in installments

In recent years, we have been observing the transition from micro-loans, which were used to cover sudden expenses, to the next stage – new credit lines with repayment options in installments. What counts is not only the speed, convenience, but above all, favorable conditions for repayment of the loan, enabling repayment of borrowed money in installments.

An installment loan is much better than a loan that has to be repaid quickly and such loans are most often used by Poles. Thanks to the installment loan, you don’t have to delay your dreams and wait half a year before you collect money for a new TV.

However, thanks to more installments, you have time to calmly and stress-free money borrowed. This is a great convenience for people who do not achieve high income and need to put off for a long time to be able to buy something. Quick installment loans are one of the best conditions for taking out loans offered by loan companies in Poland.


Credit and loan. Discover similarities and differences

Credit and loan are words that we often use interchangeably. Meanwhile, credit and loans are not the same.

Even if we do not know exactly the differences between the two, we intuitively feel that the loan is something “bigger”, “more serious” and the loan – “smaller”: for a lower amount, for a shorter period. And indeed, intuition serves us quite well in this case. Generally, it is, but … not always.

Legal basis


The loan agreement and loan agreement are regulated by different laws. Provisions regarding the loan can be found in the Civil Code (art. 720-724), while the loan – in the banking law.

Despite the often blurred line between credit and loan, the question of who can give credit and who can grant loans is extremely clear. Loans are the exclusive domain of banks and credit unions. On the other hand, virtually anyone can grant loans; it can be a natural person, it can be and the company does not preclude it from being a bank.

There is also no doubt as to what is the subject of the loan agreement – it’s always money. Money can also be the subject of a loan, but it doesn’t have to be. You can also borrow things, but it is important that they are marked only as to the genre.

Contrary to intuition, you can’t, for example, borrow someone … your car – or at least it is not a loan within the meaning of the Civil Code. That is why car rental companies do not rent cars at all but rent them. If it was a loan agreement, you would have to pay the same rental car, like the one that rented. As it is a lease agreement – you have to give back the same.

The loan must have a purpose, the loan must not

At least that’s the theory. In accordance with art. 69 of the Banking Law, a loan is a cash made available to the borrower ‘for a specific purpose’. And indeed, in the banks’ offers, we will find a whole catalog of products that differ precisely in purpose: investment loans, revolving loans, etc. The loan has no purpose: the borrower is “not interested”, for which his creditor will allocate the available funds (or items).

In practice, however, the loan does not have to have a clearly defined purpose. An example of such a loan is a revolving loan in your account.

Creditworthiness test

Creditworthiness test

An important feature of the loan is that banks can grant them only to persons and companies that have creditworthiness (except for loans granted after the submission of a remedial program or with special collateral). In the case of loans, there is no obligation to test creditworthiness, although many lenders still check their clients in this respect.

What is particularly important, however, is the fact that the bank has the possibility of ongoing monitoring of the allocation of funds in accordance with the declared purpose and ongoing monitoring of creditworthiness. If there is a problem with the latter, the bank has the right to reduce the loan amount or terminate the contract, demanding an immediate refund. In the case of loans, there are no such entries.

Art. 74. During the term of the loan agreement, the borrower shall be required to provide – at the bank’s request – information and documents necessary to assess its financial and economic situation and enabling control of the use and repayment of the loan.

Art. 75. 1. In the event of a borrower’s failure to comply with the conditions for granting the loan or in the event of the borrower’s loss of creditworthiness, the bank may reduce the amount of the loan granted or terminate the loan agreement

The notice period referred to in paragraph 1, unless the parties specify a longer period in the contract, it is 30 days, and in the event of a threat of borrower’s bankruptcy – 7 days.

The loan is easier to get

The loan is easier to get

Usually :-). Due to the lack of obligation to examine creditworthiness, the loan is – usually – “easier to get”. Of course, something for something: the greater the risk of the creditor is that the price of the loan will probably be higher.

However, lenders do not always withdraw funds with a light hand. In our case, the decision to grant a loan (one would like to write a “loan” :-), but in this text, we will exceptionally avoid colloquial terms) is preceded by, among others analysis of the history of the bank account and the history in BIK, which allows us to verify … the creditworthiness of the entrepreneur. We only grant loans to companies that we can expect to pay back their debts without problems.


Another consequence of the differences in the obligation to examine creditworthiness is that loans are usually granted faster and based on a much smaller amount of formalities. While in a bank you should take into account the fact that you will have to gather solid documentation of the company’s operation and fill out extensive forms, the loan will usually be much simpler in this respect.

An example is again Good Finance? Formalities are limited to completing a short application online.


In theory, credit always costs, a loan does not have to. Among the borrower’s obligations, banking law mentions the payment of interest and commission. However, life provides numerous examples of “free” loans. For example, “real 0% installments” in supermarkets and home appliances, or – in the case of banking products for companies – credit cards.

Why do we write “free” and not simply free, without quotation marks? Because such a loan, despite the lack of fees, in one way or another cost – or at least is associated with additional conditions. By buying on a 0% installment, you will most often not be able to negotiate the price of the product – the cost is the lack of a discount, which sometimes the seller would be willing to give. In turn, the lack of fees for the use of credit cards usually depends on the turnover on the card account, and the lack of interest – on the repayment of the entire debt for a given period.

In turn, the Civil Code does not mention the cost of the loan, it merely states that the borrower’s obligation is to return the item or amount borrowed. Nevertheless, loans can also have – and as you know, they usually have – their price. Sometimes, as in the case of so-called payday loans, very high.

Amount and amounts of the loan

Amount and amounts of the loan

Intuition rightly tells us that loans are usually granted for a shorter period and lower amounts. However, this is not an iron rule. When we think about investment for several hundred thousand zlotys, it would actually be rather difficult for us to find a loan that we could finance. In this case, the solution will be a loan, so without a visit to the bank probably will not do.

However, we can easily find, for example, loans granted for a period longer than one year and loans for a shorter period (especially among consumer loans).

The fact that we often use the terms “loan” and “loan” interchangeably reflects the similarities between them. Despite clear differences in legislation, in some cases, the practice has blurred the boundaries between these products.

Despite this, the differences are usually clear. Intuition indicates them quite accurately. It is worth remembering the keyword: usually.

Loans are usually “easier”: granted for a shorter period, lower amounts, with limited formalities. In turn, loans are “more serious”: they are granted for higher amounts and for a longer period of time. Unfortunately, especially in the case of micro-entrepreneurs, they are often associated with very time-consuming, even frustrating formalities.

As if that was not enough, the result of such efforts is uncertain: about 1/3 of loan applications of small and medium-sized companies are rejected by banks.

Three tips to improve your credit rating

All borrowers want the lowest interest rate and flexible loan terms. However, many forget that creditworthiness is the key factor. Three clues show how this can be improved. The creditworthiness is usually checked using an elaborate scoring procedure. The creditworthiness or creditworthiness plays an important role with every borrowing. It decides whether you will receive a loan approval and under what conditions. Your creditworthiness reflects your payment history and shows how you can deal with debt.

Credit check

money saving

When applying for a loan, your credit record score and your income for the past three months are always asked to determine your creditworthiness. Your work status will also be checked. If these three points do not meet the bank’s credit rating criteria, additional loan collateral is often required. Below you will find information so that you can score in these three areas and receive the best credit conditions.

How you can improve your credit record score

credit record (protection for general loan protection) is the largest credit agency in Germany, which issues a so-called credit record score for every borrower. This rating includes data about your payment behavior for purchases on target as well as for loans. If you have not paid your debts on time in the past, you will receive a negative entry at credit record. This worsens your credit rating. You can conduct a free credit record self-assessment once a year and view your credit record score. You can use this information to act and improve your creditworthiness.

The exact evaluation criteria for the credit record score are not published. However, the following tips can help you improve your creditworthiness from credit record’s perspective:

  • If some data is entered incorrectly, you can request a data correction directly from credit record.
  • Cancel checking accounts and credit cards that you are not actively using. Too many open, unused accounts can make you feel like you’re transferring money back and forth for a dubious reason.
  • A single loan is rated better at credit record than several open loans. If you repay multiple loans, consolidate them and reschedule them with a cheaper loan. Online portals such as can help with this.
  • Avoid defaults. If you have already received two reminders for your open invoice, this will be entered negatively by credit record.
  • If you are in a financial constraint, you should always speak to your lender first to adjust your rates or term.

Income is considered the primary loan security

A second important point is your income. It is often considered the primary loan security when lending. The loan agreement often stipulates that the lender can access the borrower’s salary in the event of default. Always make sure that your income is sufficient to pay off your debts. If not, ask for a raise or look for other ways to make money on the side.

Stable employment as an important anchor

money saving

Your employment relationship is also an important factor in checking your creditworthiness. To successfully obtain a loan, you have to be employed by your current employer for at least six months. If you are on a trial period or in a temporary employment contract, this can damage your creditworthiness.

Conclusion: pay attention to your creditworthiness

Now you know what to do to improve your credit rating. If you observe all three points, there is usually nothing standing in the way of a cheap loan.

Credit without proof of salary and Credit bureau.

With the house bank one does not need to inquire about a loan without proof of salary and Credit bureau and is always rejected due to lack of creditworthiness and non-fulfillment of the requirements. The situation is different with the independent financial intermediary or the private investor.

What counts here is not the creditworthiness and the salary, but the collateral actually offered for the lender. Searching for an adequate offer on the free financial market brings advantages that do not only relate to hedging in different ways. The fast approval and prompt payment speak for themselves, as does the availability of very different loan amounts for the borrower.

Use advantages with a comparison

Use advantages with a comparison

Due to the numerous offers for a loan without proof of salary and Credit bureau, it is advisable to compare relevant models directly and to focus equally on low interest rates, but also on flexible contractual terms that meet your own needs. If urgent bills or claims have to be paid, new purchases, repairs or a renovation have to be made, the applicant has enormous advantages with a loan without proof of salary and Credit bureau and can look forward to a quick approval and payment.

The application is made informally online and approved by the lender within 24 hours. Independent financial service providers, most of whom work with foreign banks and find the right loan for every need, prove to be just as suitable contacts as private lenders. The comparison makes it possible to deselect offers that are too expensive and to focus specifically on a loan without proof of salary and Credit bureau, which is suitable for the applicant based on the interest rate and the general conditions and is characterized as an optimal decision.

Avoid long waiting times

Avoid long waiting times

Of course, lenders also want to receive collateral on the free financial market and thus prepare themselves in the event that the borrower does not repay repayment rates on time or not at all. Acceptable security can be provided with a guarantee or the pledging of property. The online application asks for the protection.

If the entry on security sounds plausible to the lender and can be confirmed by the borrower in the later application process by signature, a payment can usually be made after the 7-day waiting period. Private donors in particular are convincing with very fast payments and particularly low interest rates.

If you do not have property in your own possession, you should seek a guarantee from a relative or friend and thus demonstrate security for the lender. The guarantor is only held liable if the actual borrower does not meet his obligations.

Verification of the loan applicant customer

Nowadays, every customer who takes out a loan depends on time. People who reach for quick non-bank loans are usually in a difficult financial situation and therefore need to fund their account as soon as possible. The process of obtaining a loan from a non-bank institution is quick and usually takes no more than several minutes. The verification method offered by the institution plays an important role in the speed of granting cash.

So if you have applied for a loan, you must know that your identity will be checked by the lender. Most companies check their clients’ identities to lend cash to a responsible person who can afford debt and who is not a cheater. We currently distinguish several verifications of our data:

  • Bank transfer;
  • By phone;
  • By courier;
  • By checking in the debtors’ bases;
  • By installing applications.

What does customer verification look like?

What does customer verification look like?

Choosing the right loan is not an easy task. However, when you decide to borrow from a bank or loan company, you must wait yours before the money goes to your account.
Non-bank companies that offer quick cash loans usually require their customers to register on the website by completing an electronic registration form and then verify using the identity verification methods described below.

The most popular way to verify a customer is through a verification transfer. It involves transferring 1 penny or 1 dollar to the lender’s account. The transfer should be made from our own account, because in this way we certify that the account number provided in the documents belongs to us.
Another way to verify your identity is to call a loan consultant. By calling the applicant for a loan, the lender asks you to confirm the details provided in the form. It may also ask for other information about the applicant.

To meet the client’s expectations, loan companies are using more and more methods to verify their identity. In addition to the traditional verification transfer or telephone conversation, we also distinguish the verification of:

Verification by courier takes place when an employee of the transport company provides us with the documents to sign. He asks us to show his identity card and checks whether the form we have filled in contains true data. If everything is correct, he takes the loan agreement we have signed and delivers to the non-bank institution. This automatically transfers the necessary funds to our account.

Loan companies can also verify us by checking the customer in the debtors’ databases. By checking our position in the databases, the institution will obtain information about whether we had debt and how it was or is being repaid. That’s enough to assess the possible loan risk.

In the case of modern methods of customer verification, it is only required to log in to the application using the login details for the bank account. Both Kontomatik and Instantor automatically send information about our payments and the state of the bank account to the lender.

Each of these methods described above is safe and gives the lender a complete picture of our financial past.

Does every company verify?

Does every company verify?

The decision to take a loan is a very serious decision in everyone’s life. The customer must decide which particular loan he wants to use at the moment. However, keep in mind that money won’t get into your account right away. You must first wait some time before a decision is made. This is when the customer is verified.

Verifying the identity of a potential customer is often an inseparable element in the online lending process. Loan companies approach this very reliably, in the end you can take care of your interests in this way. Each client is carefully checked so that the financial analyst can decide whether to grant him a loan or not, however, it will not be a good move. Customers are verified in various ways, eg by bank transfer, telephone conversation and via courier.