As every year, the national minimum in Poland increases. In today’s article, we will answer the question whether this will also increase the creditworthiness of borrowers.
An increase in the minimum wage is always good news for many millions of our countrymen. Along with it, the hourly rate usually rises for people who work on commission contracts.
These are not large amounts
But better even a small increase, than financial stagnation and no hope of improving the situation. However, does the increase in the lowest national, apart from an additional several dozen zlotys on the bank account, have any other positive consequences?
In the following text we will look at the minimum salary in 2018. Many Polak ó in fact wonders what the real benefits of the payment increases. One of the most frequently asked questions in this context is whether will our creditworthiness gain? What will the bank loans look like this year? We will try to dispel any doubts.
Creditworthiness – what is it?
Having it is a prerequisite to c m bed thinking about obtaining a loan or credit. By the term creditworthiness we mean a certain maximum amount that we are able to borrow from a bank or non-bank institution for a given loan period.
The provisions of the Banking Law Act of 29 August 1997 defines it as the ability to jam sp patch achievement ętego loan together with interest at the dates specified in the contract. We write more about this institution in one of our older articles titled ” Creditworthiness – What You Need to Know About It “.
Creditworthiness in practice
Thanks to the assessment of creditworthiness, the institution providing financial assistance is able to minimize the risk of transferring its own capital. How does he assess his ability? The right course zg yellow rice imposes certain rules and criteria for analysis, but, as it happens in the financial sector, institutions approach to each client, kt yellow rice makes a claim for credit or a loan individually.
Banks and loan companies in this area apply in addition to the distribution of individuals and businessmen in bed. About how to increase your chances of obtaining credit wrote HERE.