Debtor registers are a tool that maps our payment discipline in detail over the past few years. We can get into the register of debtors both in connection with the credit product and in case of non-payment of postal orders for electricity. What are the debtors’ registers and who can actually enter your name in them? Let’s take a look.
What are the debtors’ registers? Beware of the false ones!
The debtors register will reveal how you are doing with debts and repaying them. In the Czech Republic, a trio of debtor registers is currently used where creditors can examine the payment behavior of their clients. These are:
- BRKI – Bank register of client information
- NRKI – Non-bank client information register
- SOLUS – Consumer Leasing and Consumer Protection Association (non-banking register)
The above registers are the only official debtor registers used by us. In this context, we would like to draw your attention to the fact that in our country you can also meet with an entity called “Central Register of Debtors – CERD”, which is not a serious institution. Its business is based on a toll-free ‘statement of indebtedness’, but it has no value. Thus, there is no need to deal with this fictitious register at all.
Who can actually enter the debtors’ registers?
In the case of CIBR and NBCIR registers, records shall be kept for up to 4 years from the end of the loan drawdown. In the case of the SOLUS register, your record may be 3 years after the payment of the debt. The exception is debt to the telecommunications operator, of which there remains a record of 1 year. However, if it was a claim that the operator has already assigned to the enforcement company, the record remains 3 years from the moment the claim was transferred to an external company.
When is the record in the debtors register problem?
Are you applying for a loan and have you had difficulties in meeting your obligations in the past? It always depends on the degree of your offense and the good news is that banks and non-banking institutions evaluate applications individually.
To put it in context, a bad problem is the poor payment discipline of a consumer loan than one late payment for electricity. In the first case, it is likely to be a stopwatch in your ability to get another loan, the second example is likely financial institution will not attach much importance and would like to pardon you to run away from the competition.
Some debts registers do not see
What may be a bit strange is that late payment for telephone or electricity or other energy is recorded in the debtors’ registers, but some of the more serious offenses are completely off their records. For example, debt to the tax office is not recorded, ie unpaid tax, or social and health insurance debts. Confirmation of indebtedness in these areas is thus required from the client when applying for a loan by financial institutions individually, and this is mainly done by banks.