Stylish ideas to use your payday pay consolidation – Payday payday consolidation

Every person may have a worry in life and then we need a substantial amount of money. Usually in this type of situation a lot of people support with payday loans.

It is an effective output until we pay our debts on time. What to do while loan installments are starting to overwhelm us? The answer to the constructed query is consolidation of payday loans. The only such solution that is able to restore our budget to actual balance.

Online Payday Loan are in fact that it is very easy

Online Payday Loan are in fact that it is very easy

Getting this type of loan is not a simple matter. However, if we stick to the basic rules involved, we will soon be able to free ourselves from the annoying debt loop.

What everyone else does when it comes to payday consolidation, and what else you should do

The consolidation of payday loans belongs to those credit goods with which sooner or later every credit consultant just has to come across.

Online Payday Loan are in fact that it is very easy for us to take them, but with the return it is already various. It often turns out that the loan, which was supposed to be only for a moment, stayed with us for longer and we have to think about how to pay it back.

Fundamentals of payday consolidation that you can use today


Taking the next payday loan is pointless, for it is clear that in any case this does not solve our problem as a whole.

Notorious debt due to payday loans is a constant problem for our borrowers. Loan specialists point to one effective solution. It is consolidation of payday loans.

One commitment that integrates all our loans. It minimizes the expenditure of service, dramatically reduces interest rates and allows you to get a good night’s sleep.

The most common household expenses. What do Poles spend the most money on?

Usually, words like “home budget”, “bills”, “rent” or “counters” evoke unpleasant feelings. No wonder – each of them means farewell to their money. At the same time everyone probably does not notice that these expenses are to secure a proper standard of living.

Let’s take a closer look at the goals that slim down Poles’ wallets and see the possibilities for stabilization and increasing the number of zeros before the comma at the end of the next month.

Statistics: those boring and those necessary to think about

Statistics: those boring and those necessary to think about

The CSO is a very interesting, and somewhat extremely useful source of knowledge about society. It allows you to look at trends prevailing among Poles from a slightly greater distance, thereby increasing the chance that you will make a personal analysis of what is happening around you.

We recommend that you review the data we collect from various sources, including independent surveys and data from the Central Statistical Office, as they may cause you to reflect. We only present anonymous data because we do not want to apply any labels to our readers. Please treat the following information only as curiosities from the realities of Polish society.

Domestic expenses of Poles

According to the Central Statistical Office, the most common expenses typically for Polish households include:
– food shopping;
– charges related to housing (rent and meters, including energy and repairs).
The above list is dominated by expenditure on food and non-alcoholic beverages, amounting to approximately 24% of the money earned in a month. Rents and bills absorb another 20%. Renovations along with household appliances are on the border of own and credit expenses.

Other expenses

In total, Poles spend on average 90% of the money earned, with a large number of respondents admitting that they live in the style “from first to first”. The reason for this can be both low earnings – despite quite high rates, which have increased significantly over the past 15 years – and the lack of ability to control the household budget.

In addition to spending on food and housing, Poles’ wallets also slim down:
– transport (city / national transport and / or gasoline) – around 9-10%;
– communication (cellular, internet, postal etc.) – close to 5%;
– clothes (clothing and footwear) – within 5-7%;
– culture and recreation (of any kind) – just over 6%;
– restaurants and hotels (also any) – on average about 4%.
The above data indicate that, in fact, the average Pole will spend quite little on himself, especially taking into account that the data from 2017 indicate that the average income per person is in the range of PLN 1050-1100.

How to build a good credit history?

A positive credit history is proof for financial institutions that we are reliable and trustworthy. In turn, we can be sure that the bank will grant us a loan or credit and count on better credit terms.

It all depends on what data about us flows to the Credit Information Bureau. So what to do to enjoy a positive credit history?

What does BIK do?


BIK, i.e. the Credit Information Bureau, collects data on the financial obligations of bank customers, credit unions and loan companies. The data collected in this way is our credit history.

BIK collects both positive and negative information about us. On this basis, he gives us a score. This is an important guideline for banks and other financial institutions that allows them to assess our creditworthiness.

BIK provides banks with financial institutions with all information gathered about our financial obligations and their timely repayments to help them decide whether to grant a loan or a loan.

What is a credit history?


Credit history is a collection of all information about the current and past financial obligations of each of us.

This information is sent by financial institutions to the Credit Information Bureau, which then makes it available for inspection to banks, credit unions and loan companies in order to easily verify the customer’s creditworthiness.

Negative information – about arrears of debt repayment, as well as positive information about repayments – is sent. They concern various financial products: loans, borrowings, but also overdrafts or credit cards. The credit rating awarded on this basis by BIK determines our credit history.

The more positive information, the better chance we will have for a better bank loan.

However, if our credit history is negative, we may have a serious problem getting a bank loan or even a loan from a loan company. Negative information on repayment of debts is visible for 5 years from their completion.

Bad credit history versus no credit history

Bad credit history versus no credit history

Paradoxically, having a bad credit history is not worse for us than its complete absence. Because if there are no records about us in the BIK database, financial institutions will not know what to expect from us, and therefore they will not have grounds to treat us better than people with a negative credit history. What’s more, it is possible that despite the fact that we have already repaid some financial liability on time, this information will not appear in the BIK database because we have not consented to the processing of data on the repaid loan.

In such a situation, the bank may increase our margin or require us to pay a higher commission. It may also turn out that the bank will give us a smaller loan than we want or we will receive it for a shorter period. The bank may also refuse to grant us a loan or credit, however, this applies to extreme situations and highly indebted persons.