Applying for a loan also means in most cases being checked in the debtors' registers. And while our registers present themselves rather as a scarecrow, they can also provide a good service - just applicants for any loan. A good previous repayment history can bring lower price of the requested loan. Therefore, people who have so far been free of debts often receive the first loan at a much higher price than the provider offers to the repayer, but with a good repayment history.
Debtor registers are not just negative
Of course, debtor registers that are operated in the Czech Republic are primarily intended to protect lenders so that they are warned in time of people or businesses that are notoriously owing to other companies and are not paying off as they should.
But each coin has two sides. In this case, the other side of the coin is the fact that a lot of positive ones can be found in these registers. In particular, proper repayment can be traced, ie the client regularly repays on time. It is perceived by financial companies as a transparent and reliable customer.
Which registers follow a positive history?
Typically, positive registers can be built where a good repayment history of a natural person (ordinary citizen) can be built. Of these, bank loans are devoted to the non-bank.
And while the NBCIR and CIBR are focused on borrowing and tracking the repayment process, REPI records installment sales or deferred purchases or regular payment services (energy supplies, etc.). REPI is the newest Czech register, created as a reaction to the increasing volume of purchases made just in installments or with a maturity of up to 14 days for a refund.
It is better not to enter
The only purely negative register in the Czech Republic where it is not advisable to get is bulos. He records only and only defaults. Who is in it, lenders know that could be with him as a debtor in the future problems.
Those who have always repaid properly and on time have a stronger position in the loan market
The result of keeping records of debtors in the registers is a relatively wide database of debtors, where one can comfortably trace who is the debtor. So it is no wonder that anyone who has not been a debtor anywhere so far and has no history in the debtor registers is a more mysterious and more risky client for lenders than someone who has borrowed several times and always repaid or still repays on time.
As a result, a brand new borrower can get a higher interest rate on both bank and non-bank loans than the applicant who has repeatedly but always repaid his loans honestly. Of course, the amount of revenue and liabilities also plays an important role. That is what we need to think about.
Is there a bigger loan planned? It's time to start building a good history
If a family is planning, for example, a mortgage or a larger loan, for example for a car or for reconstruction, it is advantageous to start with at least one small and properly repaid loan. This will add the right information to the debtors register that will form the basis of the client's positive history.
For example, you can choose free loans or interest-free loans, which are always cheaper. Or watch the event and take advantage of special offers providers on a smaller loan with better interest and fee conditions. As a result, this step can save hundreds of crowns a month in installments for a future mortgage.