Check what you need to know about credit history and how to build it effectively. Credit history is one of the most important information for a bank when you apply for a mortgage.
Credit history is all your previous and current liabilities
Incurred in various banks. The Credit Information Bureau (BIK) is responsible for its collection, processing and making available to institutions and persons authorized for access. Each loan, overdraft or installment loan is another building block for building this story.
Of course, you may not agree to the collection and processing of this type of information, but then it may be much more difficult to receive any larger loan. Why?
What is credit history and why is it so important?
Having a credit history means that you stop being anonymous for the bank, information about you shows when you made a commitment, what was its amount and – most importantly – whether you paid it regularly.
A good credit history, i.e. one that exists and in which all debts you pay regularly, increases your credibility, thus facilitating higher loans in the future. For example, a mortgage to buy your dream apartment or build a house.
How to build and check your credit history?
The easiest way to build a credit history is to use credit banking products. It is enough, for example, to make several purchases in installments and then pay the liabilities regularly and on time.
You can easily check your current credit history on the Credit Information Bureau website.
Just follow these steps:
- from the top menu you will select the option Individual customers,
- click the More about the BIK report button,
- you choose the type of report you are interested in,
- set up an account and confirm your identity (e.g. with an ID card scan).
This will give you access to an individual report showing in detail your credit history and current assessment (the so-called scoring) which reflects your credibility for the bank.