Credit score in Poland - how to build it?

Let’s talk about the credit score in Poland.

When it comes to banks, a credit score in Poland is being tracked by the Credit Reference Office (Biuro Informacji Kredytowej – BIK). This institution tracks the performance of all customers bank liabilities: cash loans, credit cards, limits in accounts, mortgages, etc. The main rule is simple – each time you pay a monthly payment on time your score gets higher and each time you miss the deadline it gets lower.



Each person in Poland has some credit score, even if you never used bank’s products your score is ‘no-score’. Each bank is building its credit policies based on credit scores of customers, for example, some might be not interested in giving loans to people with ‘no-score’, other might be willing to give a maximum of 10 thousand zloty to such person, while another 50 thousand. At the same time, some banks might be willing to offer a loan of above 500 thousand zloty only to customers with a credit score of 600 and above, other to customers with a score higher than 500, etc. In general, banks have strict policies regarding this issue and sometimes a couple of points in your credit score might have a great influence on your loan application at given bank. On top of that, banks tend to differentiate prices based on customers’ credit scores, so the higher score you have the better offer bank might present to you and another way around.




Whenever you check your credit score at the bank it takes a couple of points from your overall score, it is very important to remember, as some customers tend to check the offer at many banks by giving consent to check their credit score – this leads to significant drop in credit score and affects your actual application. Also, when you check your credit score in 2-3 different banks throughout one month, you are putting a kind of red flag on yourself, which might lead to an automatic negative decision on your loan application. In order to avoid such situation, it is best to check the bank offers without giving consent to have your credit score checked and then apply at the one with the best offer – easiest way to do it is by using a broker that is able to get you all offers at once without the need of you visiting the banks or jeopardizing your score.



Building your credit score should be the first step when you are planning to take any kind of loan, mortgage included. We are always happy to share useful tips regarding how to build your credit score in the most efficient way. Feel welcome to contact us for more.



Best regards, Team



Any content provided on this page is to be considered information only. It is not legal advice or a replacement for legal advice. The information posted here by the team is accurate and current to the best of our knowledge as of the date it is posted, but website users should be aware that laws and their application change frequently, sometimes without notice. You shall be fully responsible for any consequences resulting from your use of the page. Any reliance upon any information shall be at your sole risk.


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